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Posts Tagged ‘KREX’

Nexstar and Mission Broadcasting Buying Six Stations in Two Markets

nexstar_304Nexstar Broadcasting and Mission Broadcasting have announced a definitive agreement to acquire six television stations for $37.5 million.

In the deal, Nexstar will pay $33.5 million to buy WMBB (ABC) in Panama City, FL, and KREX (CBS), KREG (CBS), KREY (CBS) and KGJT (MyNetworkTV) in Grand Junction, CO, from Gray Television. Mission will pay $4 million for KFQX in Grand Junction, CO, from Excalibur Broadcasting. KREG and KREY are satellite stations of KREX.

Perry A. Sook, chairman, president and CEO of Nexstar Broadcasting Group, Inc., said in a statement. “The agreements to acquire stations in Grand Junction and Panama City mark our entrée into these markets and upon completing all announced transactions, we will own or provide services to multiple stations in 37 of the 56 markets where we will operate.”

Gray and Excalibur previously agreed to buy WMBB, KREX, KREG, KREY, and KFQX as part of a 20 station deal with Hoak Media and Parker Broadcasting and then sell them off because of FCC ownership restrictions.

The addition of the stations will bring Nexstar’s station total to 108 in 56 markets reaching approximately 16 percent of all US TV households.

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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.”

Meaghan Wallace Says Goodbye to KREX

Meaghan Wallace said goodbye to viewers of Grand Junction, CO, CBS affiliate KREX.

“This is my last day here at NewsChannel 5,” Wallace said on Friday morning. “I’m continuing my broadcast journalism career in Charleston, SC, in an area of the country I’ve never lived before. We’ll hope the humidity doesn’t eat me alive.”

Wallace was the morning anchor at KREX for three years. You can watch video of her goodbye after the jump. There’s no word which Charleston station she will be working for. Read more

Sports Anchor Josh Samuels Leaving WPEC

Josh Samuels, the weekend sports anchor at WPEC, is leaving the West Palm Beach CBS affiliate.

“I do not agree with the direction that the station wants to take the sports department and decided it was best for me to pursue other opportunities,” Samuels told TVSpy in an email.

Samuels joined WPEC in 2008 after five years as the sports director at WICD in Champaign, Ill. Before that, he was sports director at KREX in Grand Junction, Colo.