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News-Press & Gazette Buys KEYT From Smith Media

News-Press & Gazette Co. has agreed to purchase KEYT from Smith Media, the two companies announced yesterday. The sale, pending FCC approval, should close this year. No financial terms were disclosed.

KEYT is the ABC affiliate in Santa Barbara-San Luis Obispo. The sale also includes MyRTV, a digital television property of KEYT. Smith Media has owned KEYT, which has about 50 employees, since 1987.

“We look forward to operating a top-flight station serving the Santa Barbara, Santa Maria and San Luis Obispo communities and advancing their interests in this beautiful part of the country,” David Bradley, News-Press & Gazette’s chairman and CEO, said in a statement.

[KSBY]

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