Gray Television, Inc., owner of KSFY-TV, buys KDLT-TV

The owner of one Sioux Falls television station has bought another of the city's stations.

Gray Television, Inc. reached an agreement with Red River Broadcasting to acquire KDLT-TV for $32.5 million cash, the company announced Tuesday.

KDLT is the NBC affiliate for Sioux Falls. The acquisition will unite the station's staff with KSFY-TV, the city's ABC affiliate.

"There's such tremendous talent at both stations, and to be able to put the two stations together ... it's just going to be incredible," said Jim Berman, KSFY president and general manager.

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KDLT owner Red River Broadcasting said in a statement Tuesday that the TV station was attractive to Gray because of the "hard work and dedication of the station's management and staff over the past few years."

"We're proud of all they've accomplished and will continue to do for the community," the statement read.

Tuesday's announcement marks the fourth South Dakota television station to be purchased by Gray in recent years. The company acquired KSFY in June 2014, Berman said, and has also expanded its footprint to the Black Hills with the purchase of KOTA-TV and KEVN-LP in Rapid City.

Under Gray's ownership, KSFY expanded to a new location in downtown Sioux Falls. That new location has the space to operate a second station's local news and sales operations, a news release from the company said.

It's too soon to say exactly what the transition will mean logistically for both stations.

"This is really new for us, too," Berman said.

Gray Television, based in Atlanta, owns and operates more than 100 television stations across the country, according to their website. They have CBS, NBC, ABC and Fox affiliates.