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Gray Buying KDLT-TV Sioux Falls

ATLANTA—Gray Television has struck a cash deal to buy Red River Broadcast Co. NBC affiliate KDLT-TV Sioux Falls, S.D.

The purchase price was $32.5 million, according to Kalil & Company, which represented Red River.

Gray already owns KSFY-TV Sioux Falls, which has the ABC and CW affiliation (the latter on a digital multicast channel) in the market, as well as 100 other stations in 57 markets.

The deal is subject to FCC approval.