Heartland Media, LLC and MSouth Equity Partners struck a $29 million deal on Wednesday to acquire three Oregon television stations from Chambers Communications Corp.
The trio of ABC affiliates, which brings Heartland's station holdings to four, includes KEZI-TV (Eugene), KDRV-TV (Medford) and KDKF-TV (Klamath Falls).
Heartland also owns NBC affiliate WKTV (Utica, NY).
"We are excited about the opportunity to continue the excellent television services that have long been provided by the Chambers family in these markets," said Bob Prather, president and CEO of Heartland.
Chambers Communications CEO Scott Chambers echoed Prather's statement: "We believe Heartland sees the value in our broadcasting strategy and our excellent employees. Heartland is particularly well suited to build on the strengths that these stations have had in the local community for the past several decades."
Prather, a former president of Gray Television, purchased WKTV in October for $16 million.
"I plan to buy more," he told B&C after the WKTV acquisition. "I've got a couple other offers out there."
Broadcasting & Cable Newsletter
The smarter way to stay on top of broadcasting and cable industry. Sign up below.
Jessika is content engagement director of Broadcasting + Cable, Multichannel News and NextTV. She has been with the brands in various roles since 2013. In her current role, she works primarily behind the screen, keeping an eye on the website and fixing any site bugs. A graduate of USC Annenberg, Jessika has edited and reported on a variety of subjects for NextTV, including profiles on industry leaders and breaking news.
Thank you for signing up to Broadcasting & Cable. You will receive a verification email shortly.
There was a problem. Please refresh the page and try again.