Nine TV stations across five states to be sold for $59.2M

An expanding television group is buying nine stations in six smaller markets.

Standard Media Group of Nashville, Tennessee, said it will buy stations in Arkansas, Indiana, Mississippi, New York and Tennessee for $59.2 million.

From Waypoint Media, Standard is buying Fox and NBC affiliate WGBC-TV in Meridian, Mississippi; Fox affiliate WHPM-LD in Hattiesburg, Mississippi; NBC affiliate WNBJ-LD in Jackson, Tennessee; Fox and CBS affiliate KJNB-LD in Jonesboro, Arkansas; and Fox and NBC affiliate WPBI-LD plus ABC affiliate WPBY-LD in Lafayette, Indiana.

From Vision Communications, Standard is buying Fox affiliate WYDC-TV and MyNet affiliate WJKP-TV in Corning, New York.

The sale also includes news production operations in Little Rock, Arkansas, and a combination of 15 radio stations in three markets owned by Star City Broadcasting in Lafayette, and Sound Communications LLC in Olean and Elmira/Corning, New York.

The sale is projected to close in early 2020, pending regulatory approvals.

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One thought on “Nine TV stations across five states to be sold for $59.2M

  1. This company, Standard Media Group, has ties to (Parent Company), Lukoil, which is a Russian Company owned by Vagit Alekperov. As of 2019 he is rated by Forbes magazine as the third richest person in Russia with a net worth of $21.1 billion and the 46th richest person in the world. Does this concern anyone? That’s a lot of Fox news.