DALLAS Belo Corp., owner of 19 TV stations including ABC affiliate WFAA-TV in Dallas, said Wednesday it had signed a deal to form a strategic alliance with HIC Broadcasting, owner of independent KFWD-TV in Fort Worth, Texas. Financial terms were not disclosed.
As part of the agreement, WFAA, which serves the Dallas/Fort Worth TV market, will provide some limited programming to KFWD and assistance with advertising sales, as well as certain technical and operations services. In addition, the agreement gives Belo the option to purchase KFWD if certain Federal Communications Commission ownership regulations are reversed.
Belo also owns The Dallas Morning News.
Belo Teams With Fort Worth Station
