Upon completion of the deal for the Fox affiliate, National will enter into sales, programming and other shared service agreements with Dallas-based London Broadcasting Co.
KUQI Licensee LLC, an affiliate of National Communications Inc., announced today that it has entered into a definitive agreement to acquire the FCC station license, network affiliation and all programming contracts of Fox affiliate KUQI Corpus Christi, Texas (DMA 129), from High Maintenance Broadcasting. Financial terms of the transactions were not disclosed.
Contingent upon FCC approval and completion of the deal, which is expected to take place in the second half of 2012, KUQI Licensee will enter into sales, programming and other shared service agreements with Dallas-based London Broadcasting Co. National owns and operates KVHP, the Fox affiliate in Lake Charles, La. National’s owner, Lester Langley, is a long-standing member of the Fox board of governors, and is the board’s treasurer.
Langley, president of KUQI Licensee, commented: “We are excited to be entering the Corpus Christi market and look forward to building upon the platform that currently exists. Just as we have done at our Fox affiliate in Louisiana, we are committed to providing quality programming, which will be informative and entertaining for all viewers.”
Terry London, president-CEO of London Broadcasting, said: “We look forward to working with KUQI Licensee in providing services that will lead to increased viewership for the Fox affiliate in Corpus Christi.”