M&A Deal Summary

Allen Media Broadcasting Acquires Gray Television - WJRT-TV

On July 14, 2021, Allen Media Broadcasting acquired media company Gray Television - WJRT-TV from Gray for 70M USD

Acquisition Highlights
  • This is Allen Media Broadcasting’s 1st transaction in the Media sector.
  • This is Allen Media Broadcasting’s largest (disclosed) transaction.
  • This is Allen Media Broadcasting’s 1st transaction in the United States.
  • This is Allen Media Broadcasting’s 1st transaction in Michigan.

M&A Deal Summary
Date 2021-07-14
Target Gray Television - WJRT-TV
Sector Media
Buyer(s) Allen Media Broadcasting
Sellers(s) Gray
Deal Type Divestiture
Deal Value 70M USD

Target

Gray Television - WJRT-TV

Flint, Michigan, United States
WJRT-TV, virtual and VHF digital channel 12, is a television station licensed to Flint, Michigan, United States, and serving the Flint/Tri-Cities television market.

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Buyer(S) 1

Buyer

Allen Media Broadcasting

Atlanta, Georgia, United States
Category Company
Founded 1993
Sector Media
DESCRIPTION

Allen Media Broadcasting owns 24 ABC-NBC-CBS-FOX network affiliate broadcast television stations in 20 U.S. markets and twelve 24-hour HD television networks serving nearly 180 million subscribers. Allen Media Broadcasting was founded in 1993 and is based in Atlanta, Georgia.

DEAL STATS #
Overall 1 of 1
Sector (Media) 1 of 1
Type (Divestiture) 1 of 1
State (Michigan) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Gray

Atlanta, Georgia, United States
Category Company
Founded 1897
Sector Media
Employees9,374
Revenue 3.3B USD (2023)
DESCRIPTION

Gray is a television broadcast company that owns and/or operates television stations and major digital assets. Gray was founded in 1897 and is based in Atlanta, Georgia.

DEAL STATS #
Overall 2 of 3
Sector (Media) 2 of 3
Type (Divestiture) 2 of 2
State (Michigan) 1 of 1
Country (United States) 2 of 3
Year (2021) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-03 Meredith - Local Media Group

Des Moines, Iowa, United States

Meredith's Local Media Group portfolio includes 17 television stations reaching 11 percent of U.S. households and 30 million viewers. Meredith's portfolio is concentrated in large, fast-growing markets, with seven stations in the nation's Top 25 markets, including Atlanta, Phoenix, St. Louis, and Portland, and 13 stations in the Top 50.

Buy $2.8B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-09 Family Entertainment Live

Medina, Ohio, United States

Family Entertainment Live is a diversified entertainment holding company, solidifying a partnership that will bring highly sought-after family-oriented live events to audiences worldwide. The Company's live event formats include Magic of Lights, an outdoor holiday lights experience displayed at venues throughout North America, and Hot Wheels Monster Trucks Live, a Hot Wheels-themed monster truck show presented both in North America and internationally. Family Entertainment Live is headquartered in Medina, Ohio.

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Mergr

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