Gannett Co. will purchase six stations in Texas from London Broadcasting for $215 million. The stations are KCEN in Waco-Temple-Bryan, KYTX in Tyler-Longview, KIII in Corpus Christi, KBMT and digital subchannel KJAC in Beaumont-Port Arthur, KXVA in Abilene-Sweetwater and KIDY in San Angelo.
The acquisition is the latest expansion of Gannett, which nearly doubled its broadcast portfolio with the acquisition of Belo in December. “The addition of these stations will expand Gannett’s reach into some of the fastest growing markets in the nation and furthers our successful transformation into a diversified multi-media company,” Gannett president and CEO Gracia Martore said in a statement.
The transaction is expected to close this summer. After the closing, London Broadcasting Company COO Phil Hurley will continue to lead the stations.
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