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KYTX/19 parent co. buys parent of KFDA/10 (Amarillo), others

E

easttxtv

http://www.newschannel10.com/Global/story.asp?S=8582337
http://www.amarillo.com/stories/070208/new_10682897.shtml
http://www.londonbroadcastingcompany.com/press_release_drewry.htm

London Broadcasting's purchase of Drewry Communications includes

KFDA/10 (Amarillo, CBS)
KSWO (Lawton OK/Wichita Falls, ABC)
KWES (Midland-Odessa, NBC)
KXXV/25 (Waco/Temple/Killeen, ABC)

as well as an independent, 3 LATV stations and 4 Telemundo stations, plus a radio station in Midland-Odessa. The deal should wrap up by the end of the year.
 
WOW, the ol' XXV finally has new owners, maybe they'll spend the money and get them a new location...
 
This could be good or very bad for KXXV and the others. It depends on how heavily leveraged London is after this purchase.
They better be ready to dump some cash into these stations.
 
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