Tegna is adding to its station group, finalizing its $325 million cash deal for Midwest Television Inc.’s stations in San Diego, including KFMB (CBS), KFMB-D2 (CW) and radio broadcasters KFMB-AM and KFMB-FM.
Tegna now owns or operates 47 television stations and two radio stations in 39 markets. The only other California station is KXTV in Sacramento.
“We are thrilled to welcome the talented KFMB team to Tegna,” said president and CEO Dave Lougee. “Like us, KFMB cares deeply about journalistic integrity and serving the greater good of the San Diego community. We want to maintain that special connection while applying our strategic initiatives to enhance KFMB’s future capabilities.”
Privately held Midwest Television Inc. has owned the stations since 1964, and were the last broadcast properties in its portfolio.