Excalibur to Acquire WQCW Charleston-Huntington For $5.5 Million

Excalibur Broadcasting has agreed to acquire WQCW in Portsmouth, OH from
Lockwood Broadcast Group for $5.5 million. Excalibur is run by former
Gray Television exec Don Ray. Gray Television also announced a shared
services agreement with Excalibur for WQCW, which airs in
Charleston-Huntington, DMA No. 65, and low power WOCW Charleston (WV),
which kicks in when the Excalibur acquisition closes.

Gray owns
powerhouse WSAZ in Charleston-Huntington; Ray was formerly the general
manager there, and a Gray regional VP. It has agreed to provide
back-office services and limited programming to WQCW.

"Acquiring the
Tri-State's CW while simultaneously leveraging the resources of WSAZ for
WQCW's benefit presents an incredible opportunity to provide better
service for area viewers and local businesses," said Ray.

The parties expect the WQCW deal, subject to regulatory approval, to close in the first quarter of 2014.

look forward to building upon the talent and resources of both WSAZ and
WQCW to better serve the greater Charleston and Huntington region,"
said Kevin Latek, Gray senior VP for business affairs.

Excalibur agreed to acquire KJCT Grand Junction (CO) in August.

Michael Malone

Michael Malone, senior content producer at B+C/Multichannel News, covers network programming, including entertainment, news and sports on broadcast, cable and streaming; and local broadcast television. He hosts the podcasts Busted Pilot, about what’s new in television, and Series Business, a chat with the creator of a new program, and writes the column “The Watchman.” He joined B+C in 2005. His journalism has also appeared in The New York Times, The Philadelphia Inquirer, Playboy and New York magazine.