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Ex-Bally Sports executive cancels plan to acquire TV stations


Here is the stations affected by this deal.

The documents, submitted with the Federal Communications Commission (FCC) on Tuesday, said Rincon Broadcasting Group was transferring control of the stations to Community News Media LLC, an entity affiliated with Standard Media and controlled by Soohyung Kim.

The stations include:

  • KAYU (Channel 28, Fox) in Spokane, Washington
  • KCYU-LD (Channel 41, Fox) in Yakima, Washington
  • KFFX (Channel 11, Fox) in Kennewick, Washington
  • KMYT (Channel 41) in Tulsa, Oklahoma
  • KOKI (Channel 23) in Tulsa, Oklahoma
  • KYMA (Channel 11, CBS) in Yuma, Arizona
  • WHBQ (Channel 13, Fox) in Memphis
 
These stations will just be transferred from one sidecar company to another for the time being.

In Tulsa Sinclair is effectively folding KOKI into KTUL, and acquiring KMYT outright.

Essential pull quote from the article:

“According to a source familiar with the matter, Standard Media is not expected to operate the stations for very long: A deal with Sinclair is reportedly in the works, and executives from both companies believe the transaction will close quickly in light of Nexstar Media Group’s recent acquisition of TEGNA.”
 


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