ATLANTA, Ga. (KELO.com) -- Gray Television, Inc., the parent company of Sioux Falls ABC affiliate KSFY-TV, announced today they plan to purchase KDLT-TV, the market's NBC affiliate.
In a release, Gray said that the "acquisition of KDLT-TV would unite the station's strong staff and legacy community leadership with Gray's KSFY-TV, which serves as the market's ABC and CW affiliate."
Gray says the purchase of KDLT-TV for $32.5 million in cash is "subject to regulatory and other approvals."
Gray says there is sufficient space in their new facility downtown to "operate a second television station's local news and sales operations."
Gray owns or operates over 100 television stations in 57 markets, including in Rapid City on KOTA-TV (ABC) and KEVN-LP (Fox). Red River Broadcasting Company owns KDLT.
Click here to read Gray's release.