TV stations continue to be a hot commodity....

TVNewsCheck says that Gray Television has announced that it has purchased ABC affiliates WJRT Flint-Saginaw-Bay City, Mich. (DMA 68) and WTVG Toledo, Ohio (DMA 76) from SJL Holdings for approximately $128 million in cash.

According to Gray, the stations lead their local markets in all-day ratings and in most, if not all, local newscasts.

"We are very excited to add two more outstanding, community-focused television stations and their growing, dynamic markets to the Gray portfolio," said Gray CEO Hilton Howell in a prepared statement.

Shortly have the announcement, upper management at both stations started updating their resumes.