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Posts Tagged ‘KASN’

Nexstar Ousts KLRT GM, Reveals Plans to Merge Facilities with KARK

Nexstar Broadcasting wasted little time in making changes to Mission Broadcasting’s newly acquired Little Rock stations KLRT (FOX) and KASN (CW).

KLRT general manager Chuck Spohn was let go the day the sale closed while Nexstar made public its plans to merge the stations facilities with its NBC affiliate KARK.

Spohn told TVSpy, “It has been a privilege and pleasure to have successfully managed the FOX16 team for the past 15+years. This team has produced a fantastic product – something we are all very proud of. I wish everyone there continued success as they move forward with this transition to new ownership.”

Mission Broadcasting closed Thursday on a $60 million deal to buy both KLRT and KASN from Newport Television. Nexstar Broadcasting entered into an outside services agreement with Mission, essentially giving Nexstar control of the stations. Nexstar also owns KARK. Read more

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Mission Broadcasting, Nexstar Complete Purchase of KLRT, KSAN

Mission Broadcasting has completed the acquisition of two stations in Little Rock, Fox affiliate KLRT and CW affiliate KASN, from Newport Television for $60 million. Nexstar broadcasting will provide services to the two stations through an outsourcing agreement.

“This transaction is consistent with our core strategy to expand our operations and pursue financial and operating synergies to enhance free cash flow,” Nexstar chairman and CEO Perry A. Sook said in a statement. “We look forward to leveraging our knowledge of the Little Rock market, as we provide services to Mission, for the benefit of viewers of KLRT and KASN while creating an even stronger marketing platform for local area businesses.”

Nexstar to Acquire Newport Stations for $285M

Nexstar Broadcasting and Mission Broadcasting have announced plans to acquire 12 stations from Newport Television for $285.5 million.

In a statement, Nexstar said the acquisition “substantially broadens Nexstar’s local television broadcasting platform with stations that are geographically complementary to and diversify Nextar’s operating base.”

Nexstar will acquire 10 stations: KTVX and KUCW in Salt Lake City, WPTY and WLMT in Memphis, WYSR in Syracuse, WBGH and WIVT in Binghamton, NY, WETM in Elmira, NY, WJKT in Jackson, TN and WWTI in Watertown, NY. Mission Broadcasting will acquire KLRT and KASN in Little Rock.