Today Tenga announced that they have purchased the over the air TV networks Justice and Quest for $77 million in cash. According to the press release the Justice Network and Quest are amoung the fastest-growing OTA network in the United States reaching 87 million U.S. television homes.
“Consumer viewing habits are shifting toward over-the-air consumption supplemented by inexpensive over-the-top services,” said Dave Lougee, president and CEO, TEGNA. “Justice and Quest allow us to fully capitalize on the growth in over-the-air television audiences, which has increased by more than 48 percent over the past eight years.”
“It has been an honor to work with TEGNA to build Justice Network and Quest from the ground up, while informing and entertaining the growing over-the-air audience,” said Lonnie Cooper, chairman of Cooper Holdings. “The timing is right for Cooper Holdings to focus on its core agency businesses, while cheering on the networks’ continued success as part of the TEGNA family.”
About these networks:
- Justice Network, which launched in 2015, is focused on the popular category of true-crime, mystery and investigation.
- Quest, which launched last year, features science, history, engineering and daring adventure-reality series. It is the only broadly-distributed factual-entertainment multicast network of its kind.
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