Gray Media To Acquire Six American Spirit Television Stations for $50 Million
July 13, 2026
Gray Media has agreed to acquire six television stations from American Spirit Media for $50 million, expanding Gray’s presence in multiple U.S. regional markets. The transaction is structured in two closings: Gray completed a first closing on July 1 (paying $40 million under a limited local management agreement), with the second closing expected in Q4 2026 subject to regulatory approvals and customary conditions.
- Buyers
- Gray Media
- Targets
- American Spirit Media television stations (WUPW, WDBD, WSFX-TV, WXTX, KAUZ-TV, KVHP)
- Sellers
- American Spirit Media
- Industry
- Media & Entertainment
- Location
- United States
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
Rincon Broadcasting Group Acquires Seven TV Stations from Imagicomm Communications
July 18, 2025
Media & Entertainment
Rincon Broadcasting Group completed the acquisition of seven television stations from Imagicomm Communications and affiliates across Washington, Oregon, Arizona, Oklahoma, and Tennessee. Rincon said it will maintain local news, weather and sports coverage while expanding its regional broadcast footprint and pursuing innovation in digital strategies.
-
Rincon Broadcasting Group Acquires Five Midwestern Television Stations
July 9, 2025
Media & Entertainment
Rincon Broadcasting Group completed the acquisition of five regional television stations: WVTV (Milwaukee, WI), WICD (Champaign, IL), WICS (Springfield, IL), KHQA (Quincy, IL), and KTVO (Kirksville, MO/Ottumwa, IA). The privately held media operator said the stations will continue providing operational and administrative services to GOCOM Media stations as Rincon builds a portfolio of mid-market broadcast assets.
-
Standard General to Acquire TEGNA for $24.00 Per Share
February 22, 2022
Media & Entertainment
TEGNA Inc. and an affiliate of Standard General entered into a definitive agreement under which TEGNA will be acquired for $24.00 per share in cash, valuing the deal at about $5.4 billion equity value and $8.6 billion enterprise value (including assumed debt). The transaction is subject to shareholder and regulatory approvals and is expected to close in the second half of 2022; after closing TEGNA will become private.
-
E.W. Scripps Company Acquires ION Media
September 24, 2020
Media & Entertainment
The E.W. Scripps Company will acquire ION Media from an entity controlled by Black Diamond Capital Management for $2.65 billion, creating a national television networks business by combining ION with Scripps’ Katz networks and Newsy. Berkshire Hathaway is providing $600 million of preferred equity to finance the transaction; the deal is expected to deliver substantial synergies and requires FCC and HSR approvals.
-
Coastal Television Acquires Wyoming Media Group
June 11, 2020
Media & Entertainment
Coastal Television Broadcasting Holdings LLC acquired television stations controlled by Wyoming Media Group (WMG) in the Cheyenne and Casper, Wyoming markets. Capital Southwest led the financing for the transaction (with Main Street Capital as a co-investor) by providing term loans and a revolving credit facility to support the acquisition and ongoing operations.
-
Entertainment Studios Acquires 10 Television Stations from MSouth Equity Partners
February 10, 2020
Media & Entertainment
Entertainment Studios (Allen Media Group) acquired 10 local television stations that were part of MSouth Equity Partners’ USA Television and USA Television MidAmerica platforms. The transaction represents MSouth’s exit from the broadcast platforms and expands Entertainment Studios’ local broadcast footprint across small- to mid-sized U.S. markets.
Build a buyer list for your deal
Find active buyers from recent acquisition patterns and move straight into outreach.