That word being “duopolies”(as we earlier wrote.) And they must have a decent line of credit available to keep buying up stations.

Today, it’s ten of the Allen Media stations—which from all accounts have mostly been stripped down to being just a license and a bunch of leases for everything else. Hopefully, Gray got a good deal to add seven more duopolies—looks like they paid an average of about $17 million per station, for a total of $171 million. (Of course, some were worth more than others.)

Here’s the press release. A tip of the TVND fedora to our friend Rick Gevers for reporting this update via his excellent email list.

Back on Monday, hope you enjoy your weekend! -30-