Gray Media To Acquire Six American Spirit Television Stations for $50 Million

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.