The Tegna-owned CBS affiliate began broadcasting from 43,000 square feet of space on Feb. 17. The two-and-a-half floors include a large, flexible studio space, two control rooms, edit suites and a multiplatform live desk where journalists produce for both KHOU’s on-air newscasts and its various digital platforms.
The spinoffs reflect Nexstar’s regulatory compliance plan to secure approvals for its Tribune Media deal. Tegna is buying 11 stations in eight markets and Scripps gets eight stations in seven markets.
Tegna’s over-the-top advertising unit Premion is using a new suite of blockchain-based technology from MadHive to prevent fraud, target campaign and verify ad delivery.
The $642 million total was driven by an increase of $130 million in political ad revenue plus $40 million more in subscription revenue.
The broadcaster will pay a dividend of 7 cents per share on April 1 to stockholders of record as of the close of business on March 8.
Tim Thomas will lead KWES Midland-Odessa, while Paul Bergen is promoted to oversee KBMT Beaumont.
Tegna, Hearst and EW Scripps are all planning on submitting final offers for Cox Media Group’s 14 TV stations at the end of January, according to people familiar with the matter. Final bids are due by Jan. 30, said the people, who asked not to be named because the process is private. A deal could fetch more than $2 billion, and possibly close to $3 billion, the people said.
The new deal reups WFAA Dallas; KXTV Sacramento, Calif.; KVUE Austin, Texas; WVEC Norfolk, Va.; WZZM Grand Rapids, Mich.; WJXX Jacksonville, Fla.; WHAS Louisville, Ky.; KIII Corpus Christi, Texas; and KBMT Beaumont, Texas.