Bayou City Closes on Nexstar Divestitures
Bayou City Broadcasting closed on its $40 million buy of Fox affiliate KADN-TV Lafayette, Louisiana, and low-power TV NBC affiliate KLAF-LD Lafayette from Nexstar Broadcasting, according to FCC online records and a news release from the National Association of Black-Owned…
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
Broadcasters. The stations are divestitures connected to Nexstar buying Media General (see 1605270060). “Even though constituting 14% of the total population, African Americans own only 12 full power commercial television stations out of the 1300 full power commercial television stations in the United States,” said NABOB: The broadcaster “has no joint sales agreements, shared service agreements, financing agreements, or any other ‘sidecar’ agreements with any group station owners.” The group called the company "a standalone operation.”