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Posts Tagged ‘KAQY’

Gray Television and Excalibur Broadcasting to Acquire 15 Stations For $335M

Gray Television and Excalibur Broadcasting have agreed to acquire 15 stations from Hoak Media and Parker Broadcasting for $335 million.

The 20 stations that Gray and Excalibur will acquire from Hoak and Parker are KSFY, KABY and KPRY in Sioux Falls, S.D.; KVLY and KXJB in Fargo, N.D.; KNOE and KAQY in Monroe, La.; KFYR, KMOT, KUMV and KQCD in Minot, N.D.; WMBB in Panama City, Fla.; KALB in Alexandria, La.; KREX, KREY, KFQX and KREG in Grand Junction, Co.; KNOP and KIIT in North Platte, Neb.; and KHAS in Lincoln, Neb.

Due to FCC ownership requirements, Gray will sell Hoak’s stations station in Panama City, Fla. and four stations in Grand Junction, Co., bringing the total number of stations acquired to 15.

Excalibur has also agreed to acquire two more stations from Prime Cities Broadcasting, KNDX and KXND in Minot, N.D., for $7.5 million.

Gray will provide back-office services and limited programming to the Excalibur stations in Lincoln, Fargo, Minot and Monroe through a shared services agreement.

“We are thrilled to have the opportunity to bring the Hoak, Parker and Prime Cities television stations into the Gray community,” Gray President and CEO Hilton Howell said in a statement. “These transactions will yield impressive synergies, many of which are unique to Gray given how well the stations’ locations, operations and culture complement our own.”

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Ed Ortelli Named GM at KNOE-KAQY Duopoly

Ed Ortelli, who has worked for 28 years in television sales and general management roles, has been named president and general manager of KNOE-KAQY, the Hoak Media-operated duopoly serving Monroe, LA and El Dorado, AR.

Ortelli will take the helm at the two stations — which also operate the CW affiliate, NNOE, on a digital subchannel of KNOE — on September 19. He will report to Rich Adams, the chief operating officer of Hoak Media.

“I know our employees look forward to Ed’s leadership and vision, and we are confident that his broad skills will help grow this legacy television operation for the benefit of our advertisers and viewers alike,” Hoak Media CEO Eric Van den Branden said in a statement.

According to Broadcasting & Cable, Ortelli’s past positions include general sales manager at KPRC in Houston and station manager at KVOA in Tucson.