Gray Media says it has reached an agreement with Bahakel Communications to acquire its local television station in Jackson, Tennessee.
The station, WBBJ (Channel 7), serves as the market’s dual affiliate of ABC and CBS, and is just one of seven local TV outlets owned by Bahakel Communications.
“Gray is honored to be entrusted by Bahakel Communications as the next long-term stewards of WBBJ 7,” said Kevin Latek, Gray’s Chief Legal and Development Officer. “We look forward to welcoming the station and its dedicated employees into our extensive local news and sports operations in this region and working with these employees to further enhance their long record of service to local viewers and businesses.”
“This sale marks a pivotal step for Bahakel Communications as we focus our footprint and strengthen our digital platforms and entertainment division,” said Beverly Bahakel, the CEO of Bahakel Communications. “We are committed to ensuring a smooth and positive transition for WBBJ’s audience, advertisers, and employees. We believe Gray is the right group to build on WBBJ’s longstanding legacy of serving the Jackson community and its commitment to delivering trusted local news and information.”
Financial terms of the deal were not disclosed. The transaction still requires approval from the Federal Communications Commission, but is not expected to run afoul of existing station ownership limitations.
Once approved, Gray Media will operate local TV stations across a sizable portion of the Tennessee Valley, including outlets in Memphis, Nashville, Paducah and Huntsville.
Gray said the transaction is expected to close early next year.
