Tegna Media announced today it has completed its acquisition of three Sander Media TV stations — KGW Portland, Ore. (DMA 24); WHAS Louisville, Ky. (DMA 49); and KMSB Tucson, Ariz. (DMA 70) — following approval from the FCC last week. Tegna has serviced these stations under shared services and similar arrangements since December 2013. With the addition of these three stations, Tegna said it owns the largest independent station group of major network affiliates in the top 25 markets, reaching approximately one-third of all television households nationwide.
The sale of KTVK and KASW to Meredith Corp. was part of a deal announced last December that also included KMOV St. Louis.
The $177 million purchase of the CBS affiliate from Gannett and Sander Media closes following the receipt of regulatory approvals.