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KSDK’s Parent Company Is Buying KMOV’s

KSDK’s Parent Company Is Buying KMOV’s

The parent companies of the local NBC and CBS television affiliates are merging.  The Gannett Company, owners of the NBC affiliate station KSDK Channel 5 in St. Louis along with 22 other stations nationally, are buying The Belo Corporation, the owners of KMOV Channel 4.  The sale price is $1.5 billion dollars plus the assumption of Belo’s remaining dept.  The deal still has to be approved by the Belo shareholders and the FCC.

 

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