Byron Allen attends Tribeca X - The Value Of Independence In A Shifting Media Landscape at Convene on June 10, 2024 in New York City. (Photo by Jason Mendez/ for Tribeca Festival) The sale from Allen Media Group will put Gray Media in three new markets.

Most of the 10 stations going to Gray are located in the south and midwest and will create duopolies across Gray’s existing portfolio, which includes 180 local stations in 113 markets.

Byron Allen’s Allen Media Group, Inc. has sold 10 local TV stations to Gray Media for $171 million. The deal, which Gray expects to close in the fourth quarter subject to regulatory approval and closing conditions,