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.
Contributing editor John Eggerton has been an editor and/or writer on media regulation, legislation and policy for over four decades, including covering the FCC, FTC, Congress, the major media trade associations, and the federal courts. In addition to Multichannel News and Broadcasting + Cable, his work has appeared in Radio World, TV Tech, TV Fax, This Week in Consumer Electronics, Variety and the Encyclopedia Britannica.
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