KSBY sold to Scripps in 15 station $521 million deal

October 29, 2018

E.W. Scripps Co. has agreed to pay $521 million to buy 15 stations including KSBY in San Luis Obispo from Cordillera Communications, the company announced Monday. The sale requires federal regulatory approval. [Cal Coast Times]

If the acquisition is approved, Scripps holdings will grow to 51 stations in 36 markets. All but one of the acquired stations is ranked number 1 in their markets.

“The Cordillera stations have strong local brands and are well run and nicely positioned in their markets,” said Brian Lawlor, in a Scripps press release.

If federal regulators approve the acquisition, the deal is expected to close early next year.

The stations Scripps is acquiring are:

  •  WLEX, the NBC affiliate in Lexington, Kentucky
  • KOAA, the NBC affiliate in Colorado Springs, Colorado
  • KATC, the ABC affiliate in Lafayette, Louisiana
  • KSBY, the NBC affiliate in Santa Barbara-San Luis Obispo, California
  • KRIS, the NBC affiliate, and KAJA, a Telemundo affiliate, in Corpus Christi, Texas
  • KPAX and KAJJ, a CBS affiliate in Missoula, Montana
  • KTVQ, a CBS affiliate in Billings, Montana
  • KXLF/KBZK, the CBS affiliate in Butte-Bozeman, Montana
  • KRTV, the CBS affiliate, and KTGF, the NBC affiliate, in Great Falls, Montana
  • KTVH, the NBC affiliate, and KXLH, the CBS affiliate, in Helena, Montana


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Jorge Estrada

Ellen Browning Scripps, known for giving yet in her life preached giving anonymously.


Side_Show_Bob

Main Stream Media Fake News is big business and brings big money. We gave up on it years ago. Unplug the cable, sheople! Life is better. There are plenty of places to get your information nowadays and actually use your mind to understand that info rather than being told what to think.


Paso_citizen

Looks like E.W. Scripps will pretty much own Montana television.