NEW YORK — On August 2, 2021, just shy of eight months after the company confirmed that it was “considering” a sale of all of its assets, Quincy Media, Inc. marked the end of an era. Its 24 broadcast television properties were officially sold, and now the property of Gray Television and Allen Media Group, respectively.
“This was a difficult decision for our Board of Directors and shareholders,” said Ralph Oakley, who led the licensee. By April 2022, Oakley was all but retired, as he was honored with a Broadcasters Foundation of America Leadership Award at its NAB Show breakfast event.
Oakley has just returned to broadcast TV station ownership. And, it is thanks to a deal engineered through a newly created entity that’s agreeing to purchase a station from the nation’s No. 1 owner of over-the-air properties.
