Page 6 - Phillips Media Group News Today : Breaking News, Live Updates & Top Stories | Vimarsana

QUINCY — The acquisition of stations owned by Quincy Media Inc., parent company of WGEM-TV/FM/AM, by Gray Television closed. Atlanta-based Gray announced Monday that the $925 million acquisition was completed, as well as the sale of 10 QMI stations in the seven Gray/QMI overlap markets to Allen Media Group. In February, QMI announced shareholder approval for the company’s television and radio properties. Gray announced in April that it would sell former QMI stations based in Tucson, Ariz.; Madison Wis.; Carbondale, Ill., Waterloo, Iowa; LaCrosse, Wis., Wausau, Wis., and Rockford to Allen Media Group to facilitate regulatory approval. Last week, the U.S. Department of Justice’s Antitrust Division announced it would require Gray and QMI to divest 10 stations in seven markets as a condition of resolving a challenge to Gray’s acquisition.

United statesRockford to allen media groupAllen media groupRicharda powers of the antitrust divisionUs district courtGray televisionQuincy media incUs department of justice antitrust divisionPhillips media groupAllen mediaMadison wisAntitrust divisionActing assistant attorney general richardArkansas based phillips media groupஒன்றுபட்டது மாநிலங்களில்ஆலன் மீடியா குழு