Gannett has completed its acquisition of six Texas-based London Broadcasting stations for $215 million. The stations are KCEN Waco-Temple-Bryan, KYTX Tyler-Longview, KIII Corpus Christi, KBMT and subchannel KJAC in Beaumont-Port Arthur, KXVA Abilene-Sweetwater and KIDY San Angelo.
The deal was announced in May. Phil Hurley, London Broadcasting chief operating officer, will continue to lead the six stations as a senior VP, reporting to Dave Lougee, president of Gannett Broadcasting.
The stations, a mix of NBC, CBS, ABC and Fox affiliates, are expected to generate revenue of approximately $50 million in 2014.
The deal gives Gannett 83% of households across Texas. Its holdings in the state also include WFAA Dallas, KHOU Houston, KVUE Austin and KENS San Antonio. "The company's broadcasting presence in the high-growth state of Texas is further expanded," Gannett said in a statement.
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.
The smarter way to stay on top of the multichannel video marketplace. Sign up below.
Thank you for signing up to Multichannel News. You will receive a verification email shortly.
There was a problem. Please refresh the page and try again.