Parent company puts KSBY on the market
August 3, 2018
Local NBC affiliate KSBY is up for sale following a decision by its parent company to place all of its stations on the market. [TV News Check]
Cordillera Communications, a subsidiary of Evening Post Industries, has a portfolio of more than 10 stations spread out across the country. Cordillera reportedly hired New York-based mergers and acquisitions firm Methuselah Advisors to sell its portfolio.
KSBY has gone through several ownership changes since its founding in 1953. In 2004, Evening Post acquired KSBY from New Vision Group for $67.75 million, according to a press release that announced the sale.
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