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Standard Media To Acquire Lafayette IN and Elmira & Olean NY Stations

Y2kTheNewOldies

Y2kTheNewOldies

https://radioinsight.com/headlines/...elmira-ny-stations-as-part-of-larger-tv-deal/

Standard Media Group LLC (“Standard Media”) today announced its agreement to acquire nine television stations across six markets from Waypoint Media, LLC (“Waypoint”) and Vision Communications LLC (“Vision”) for $59.2 million.

The transaction includes the following network affiliated stations: FOX & NBC affiliate WGBC-TV in Meridian, MS; FOX affiliate WHPM-LD in Hattiesburg, MS; NBC affiliate WNBJ-LD in Jackson, TN; FOX and CBS affiliate KJNB-LD and KJNE-LD in Jonesboro, AR; FOX and NBC affiliate WPBI-LD, along with ABC affiliate WPBY-LD, both in Lafayette, IN; as well as FOX affiliate WYDC-TV and MyNet affiliate WJKP in Elmira/Corning, NY.

As part of the transaction, Standard Media is also acquiring Waypoint’s news production operations located in Little Rock, Arkansas, as well as a combination of 15 FM and AM radio stations in three markets owned by Star City Broadcasting in Lafayette, Indiana, and Sound Communications, LLC in Olean and Elmira/Corning, New York. They are WAZY-FM, WBPE-FM, WYCM-FM and WSHY-AM in Lafayette, IN; WGGO-AM, WMXO-FM, WOEN-AM, WQRS-FM and WZKZ-FM in Olean, NY; and WENI-AM/FM, WENY-AM/FM, WGMM-FM and WKPQ-FM in Elmira/Corning, NY.
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In the article Standard Media is getting both Radio and TV outlets from Waypoint and Vision Communications.
 
https://www.multichannel.com/news/standard-media-buys-nine-stations-for-59-2m

Standard Media Group said it has purchased nine television stations in six markets from Waypoint Media and Vision Communications for $59.2 million.

The stations include affiliates of the Big Four networks and MyNetwork TV and include: WGBC-TV (Fox and NBC) in Meridian, Mississippi; WHPM-LD (Fox) in Hattiesburg, Mississippi; WNBJ-LD (NBC) in Jackson, Tennessee; KJNB-LD and KJNE-LD (Fox and CBS) in Jonesboro, Arkansas; WPBI-LD (Fox and NBC) and WPBY-LD (ABC) in Lafayette, Indiana; and WYDC-TV (Fox) and WJKP (MyNetwork TV) in Elmira/Corning, New York.

Also as part of the transaction, Standard Media is purchasing Waypoint’s news production operations located in Little Rock, Arkansas, as well as a combination of 15 FM and AM radio stations in three markets owned by Star City Broadcasting in Lafayette, Indiana, and Sound Communications, LLC in Olean and Elmira/Corning, New York.
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Deal is pending according to this report.
 
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