Gray Media (NYSE: GTN) agreed to buy WBBJ-TV (“WBBJ 7”) in Jackson, Tennessee from Bahakel Communications, with closing expected after regulatory approvals in Q1 2026. The release says the station will join Gray’s portfolio of local stations in adjacent markets including Nashville, Memphis, Huntsville and Paducah.
Gray expects the acquisition to be immediately free cash flow accretive and plans to fund the deal with cash on hand. The announcement notes customary regulatory and closing risks and affirms intentions to support employees, audiences and advertisers during transition.
