KSFY owner to buy KDLT

May 1, 2018

The owner of KFSY-TV is buying KDLT-TV.

Gray Television Inc. has reached an agreement with Red River Broadcasting Co. to acquire the NBC affiliate for $32.5 million.

According to a news release from Gray, the acquisition would unite the station’s strong staff and legacy of community leadership with its other station in the market, which is an ABC and CW affiliate.

The acquisition of KDLT-TV is subject to regulatory and other approvals. Gray expects the cash-only transaction to close in the second or third quarter of this year.

In the news release, Gray pointed out that there is room in KSFY’s new location for second TV station.

“This transaction continues Gray’s investment in South Dakota. In the fall of 2016, KSFY-TV moved into a new, technologically advanced facility in downtown Sioux Falls that includes additional space to operate a second television station’s local news and sales operations.”

Gray, which is based in Atlanta and is a publicly traded company, has 100 television stations across 57 markets that collectively broadcast over 200 program streams, including over 100 channels affiliated with the CBS, NBC, ABC and FOX networks.

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KSFY owner to buy KDLT

Gray Television Inc. has reached an agreement with Red River Broadcasting Co. to acquire the NBC affiliate for $32.5 million.

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