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Allen Media Buys Gray's WJRT For $70 Million


Allen Media Buys Gray’s WJRT For $70 Million
The sale of the ABC affiliate in Flint-Saginaw, Mich., will pave the way for closing Gray’s purchase of Meredith’s station group. It boosts Allen s portfolio to 24 stations in 20 markets.
By Mark K. Miller | July 14, 2021 | 5:36 p.m. ET.
Gray Television on Wednesday said it is selling WJRT, its ABC affiliate in Flint-Saginaw, Mich. (DMA 73), to Byron Allen’s Allen Media Broadcasting for $70 million dollars in cash.
Gray’s said the sale “facilitates regulatory approvals for its pending acquisition of the Local Media Group division of Meredith Corp. by removing the only market overlap between the respective television station portfolios of Gray and Meredith.” ....

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Georgia Auto Plant to Become TV/Film Studios, Mixed-Use Development : CEG


Wed April 07, 2021 - Southeast Edition
CEG
A fly-through video released by Gray TV shows how offices could be incorporated near greenspace. (Gray Television image)
Gray Television, an Atlanta-based media company, has purchased Doraville, Ga. s shuttered General Motors facility and will build its own 127-acre master-planned community with a backbone of movie and TV production facilities.
The digital media and broadcasting company operates in 57 markets across the country. Plans call for Gray to turn the former auto plant into what company heads are calling a Studio City, the largest blend of Hollywood/mixed-use in Georgia.
With the finalization of a deal with property developer Integral Group late in March, Gray s initial plans would include 10 television and movie production studios, plus an e-gaming facility. In addition, a large mix of apartments, townhomes, hotel space, restaurants, retail, and corporate offices also is on the drawing board, as well as co ....

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