Today TEGAN announced a deal to buy WTHR, the NBC affiliate and the #1 rated station in Indianapolis, IN, and WBNS, the CBS affiliate and the #1 rated station in Columbus, OH. TEGAN is also acquiring WBNS Radio (1460 AM and 97.1 FM), from the Dispatch Broadcast Group.
“We have long admired the talented and award-winning teams at WTHR and WBNS’ television and radio stations and are honored that the Wolfe family has entrusted us to build on each station’s commitment to high-quality journalism and serving the greater good in their community,” said Dave Lougee, president and CEO of TEGNA. “These stations are an excellent strategic and financial fit with our portfolio of leading big four affiliates and brands in top markets. We continue to invest in growth and remain true to our track record of acquiring highly attractive assets that create immediate value for shareholders.”
This deal comes after TEGAN recently acquired 11 TV stations from Nexstar-Tribune. TEGAN now owns or operates over 50 TV stations in over 39 markets. TEGNA is also the largest owner of NBC and CBS affiliates and the fourth largest owner of ABC affiliates after Sinclair, E. W. Scripps Company, and Hearst Television.
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