NPG buys Mid-Missouri networks
The News-Press & Gazette Co. has agreed to purchase four television stations in the Columbia, Mo., market.
JW Broadcasting announced July 22 it has signed an agreement to sell the stations to NPG. The networks include KMIZ-TV (ABC), KQFX-LP (FOX), MyZouTV (MyNetworkTV) and Me-TV.
“This was a great opportunity to expand our broadcast division in our home state of Missouri.” said David Bradley, chairman and CEO of NPG. “We look forward to the award-winning broadcast team in Columbia joining our family.”
Alta Communications, a private equity firm located in Boston, is the majority owner of JW Broadcasting. Alta acquired the stations in November 2003.
“Our team in Columbia has done an outstanding job bringing quality news and entertainment programming to Mid-Missouri,” said Jessica Reed of Alta Communications. “We are excited that the new owners will be a great fit to continue this mission and take ‘The Networks of Mid-Missouri’ to the next level.”
The Networks of Mid-Missouri provide a cluster of television stations for advertisers with top newscasts and a broad range of programming options. The stations will continue to be dedicated to serving the communities of Mid-Missouri and will now have the benefit of additional resources from NPG, who has been in Missouri for more than 60 years.
“A family-owned media company based in Missouri with a commitment to local news — who could ask for more, when it comes to new ownership?” said Gene Steinberg, general manager of the stations.
The transaction is subject to final approval from the Federal Communications Commission but is expected to close in November.