London Broadcasting Grabs Bayou City Bunch
Terry London strengthens portfolio of Texas TV
By Michael Malone -- Broadcasting & Cable, 9/27/2012 10:59:50 AM
McCoy acquired the stations in 2008 when he was part of the NAB's Broadcast Leadership Program.
Terms of the transaction were not disclosed. The deal is subject to FCC approval and is expected to close by the end of the year.
London said the acquisition will enable it to reach 40% of Texas households.
"We are extremely honored to have the opportunity to acquire these stations from DuJuan McCoy," said Terry London, president of London Broadcasting. "He has done an outstanding job of improving the operations since his acquisition of the stations in 2008. We are committed to continue to serve the viewers of Abilene and San Angelo faithfully and honestly by delivering information and entertainment that meets the needs of the local communities."
McCoy says he's not exiting broadcasting. "I am pleased to pass ownership to a quality Texas-based broadcaster like London Broadcasting giving the stations an opportunity to continue to improve with a larger operator," he said. "While it was a difficult decision to sell these stations, I intend to pursue other opportunities in the broadcasting industry.
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