Block Communications has agreed to sell its full portfolio of television stations to Gray Media for $80 million, the companies announced Friday.
The deal covers local TV stations in four markets: Louisville, Kentucky; Lima, Ohio; Decatur, Illinois; and Toledo, Ohio. Gray Media noted that the transaction requires FCC waivers for the Louisville stations, as it already owns WAVE-TV (Channel 3, NBC) there. FCC rules typically prohibit owning two top-four performing stations in a market unless they are financially distressed.
The deal includes low-power translators of full-power stations, covering:
- WAMS-LD (Channel 35, ABC/CBS) in Minster, Ohio
- WAND (Channel 17, NBC) in Decatur
- WBKI (Channel 58, CW) in Louisville
- WDRB (Channel 41, Fox) in Louisville
- WFND-LD (Channel 19) in Toledo
- WLIO (Channel 8, NBC/Fox) in Lima
- WOHL-CD (Channel 35, ABC/CBS) in Lima
- WPNM-LD (Channel 35, ABC/CBS) in Leipsic, Ohio