NBC Television Station Serving Much Of Central, South Coasts Being Sold As Part of $521 Million Deal
The NBC television station serving parts of the Central and South Coasts is being sold as part of a half billion dollar deal.
The E.W. Scripps Company reached a deal to buy 15 stations owned by Cordillera Communications in 10 markets. The purchase includes KSBY-TV. The San Luis Obispo based station serves Santa Barbara and San Luis Obispo Counties.
The $521 million dollar deal also includes the CW affiliate for the Central and South Coasts which is operated by KSBY.
Scripps already owns 35 stations in 26 markets, including stations in San Diego and Bakersfield. Scripps is best known for its decades as a newspaper owner, and once owned the Ventura County Star. It spun off its newspaper assets as part of a merger with Journal Communications.