WBNG-TV Sold to Atlanta-Based Company in Multi-Station Deal
Binghamton's CBS television affiliate - WBNG - is expected to have a new owner within the next several months.
Gray Television in Atlanta on Monday announced it has agreed to acquire WBNG's owner, Illinois-based Quincy Media.
The $925 million deal includes TV stations in eight other markets, including operations in Indiana, Illinois, Minnesota, Iowa and West Virginia.
In a news release, Gray Television said it would operate stations in 102 U.S. television markets after the deal closes. That's expected to happen in the second or third quarter of the year. The sale is subject to regulatory approvals.
The announcement that Quincy is selling WBNG comes seven years after the company announced plans to acquire the operation, which has studios and offices in Johnson City. That acquisition was not finalized until September 2015.
WBNG general manager Bob Krummenacker could not be reached Monday afternoon to comment on the planned sale of the station.
Contact WNBF News reporter Bob Joseph: email@example.com
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