Allen Media Group has hired the investment bank Moelis to market the 28 local stations it owns in an effort to reduce its debt. By Alex Weprin Senior Editor Allen’s Allen Media Group (AMG) says that ...

Byron Allen’s Allen Media Group, Inc. has sold 10 local TV stations to Gray Media for $171 million. The deal, which Gray expects to close in the fourth quarter subject to regulatory approval and ...

Hunt Valley-based Sinclair Inc. is gearing up to join an expected wave of broadcast industry mergers and acquisitions, signaling it could buy or sell TV stations or seek new business partners.

What’s a television station worth in today’s market? The short answer, according to someone who tracks valuations is, at the end of last year, it was about eight times the station’s 12 months’ ...

Sinclair — one of the larger owners of U.S. television stations — disclosed an 8% stake in smaller rival, E.W. Scripps, opening the door to a merger.

Aspiring media mogul Byron Allen sold off 10 local TV stations for $171 million as his struggling company unwinds its portfolio. Allen Media Group — which owns The Weather Channel — sold its ABC, NBC, ...

America’s largest owner of television stations announced a blockbuster deal to acquire a rival. Nexstar is buying Tegna for $6.2 billion in a deal that promises to reshape the television industry, ...