The owner of WABI TV5, Diversified Communications, has entered into an agreement to sell this station to Gray Television.
Gray has 100 television stations in fifty-four television markets across the nation.
Diversified has also sold to Gray our sister station in Gainesville, Florida, WCJB-TV.
Diversified’s Board Chair, Daniel Hildreth, said, “We believe that under the ownership of Gray, WABI and WCJB will have greater opportunities for long-term financial success, which will ultimately benefit both our employees and viewers.”
The sale is expected to be finalized in eight to twelve weeks, pending approval by the Federal Communications Commission.