London Broadcasting acquires more Texas TV stations

Texas-based London Broadcasting Company announced this week that it has agreed to acquire several TV stations in Texas from Bayou City Broadcasting.

The stations involved in the agreement include KXVA-TV, Abilene; KIDY-TV, San Angelo; KIDU-CD, Brownwood; KIDB-LD, Sweetwater; KIDV-CD, Albany; and KIDT-CD, Stamford. The stations broadcast the Fox Television Network and MyNetworkTV to the viewers in the Abilene and San Angelo regions of Texas.

The deal, which with Federal Communications Commission approval is set to close before the end of this year, will give London Broadcasting expanded coverage to reach a total of more than 3.8 million households in Texas with 22 channels, and presence in seven of 18 Texas broadcast markets.

As measured by A.C. Nielsen Company, the Abilene market is the 164th television market in the United States and serves 312,000 people in 117,000 households. San Angelo is the 197th television market in the United States and serves 147,000 people in 57,000 households.

Houston-based Bayou City Broadcasting has owned the stations in question since 2008.

This deal is the latest in the ongoing trend of TV station consolidation as broadcasters of all sizes seek greater leverage in a changing sector. As small TV station groups continue to grow through consolidation they put themselves in a better position to negotiate (and fight, if it gets to that point) with cable TV service providers on retransmission consent issues.

For more:
- here's the London Broadcasting release

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