Gray Television announced today that it is acquiring Quincy Media Inc. for $925 million in cash.

Upon closing the transaction, Gray will own television stations serving 102 television markets that collectively reach 25.4% of U.S. television households, including the No. 1 ranked television station in 77 markets and the first and/or second highest ranked television station in 93 markets according to Comscore’s average all-day ratings for calendar year 2020.

Read more at TVNewsCheck.