Gray Media has deal to purchase 10 TV stations, including Fort Wayne's WFFT

Gray Media has deal to purchase 10 TV stations, including Fort Wayne's WFFT

Ownership of four Indiana media outlets, including WFFT, the Fox affiliate in Fort Wayne, could change ownership as part of a $171 million deal.

Byron Allen’s Media Group Sells 10 TV Stations To Atlanta-Based Media Group In A $171M Deal

Atlanta-based Gray Media, Inc., will acquire 10 television stations from Byron Allen’s media group for $171 million. The transaction would bring Gray into three new markets – Columbus-Tupelo, Mississippi; Terre Haute, Indiana; and West Lafayette, Indiana, according to a press release. It will also build the company’s presence in seven other markets, creating duopolies that will enable Gray to enhance its public service to their communities with …