The $59.2 million purchase from Waypoint Media and VisionCommunications also includes 15 FM and AM stations in three markets, plus Waypoint’s news production operations.
He joins the Little Rock, Ark.-based group owner from KCBS-KCAL Los Angeles.
Media Gateways owners Bill Christian and Mike Reed buy INN, which has multiple news studios producing simultaneous newscasts for TV stations across the country, providing hundreds of hours of news each month. It’s renaming the company NewsHub.
Veteran station exec Elden Hale Jr. will lead efforts to increase local news at the company’s stations in Mississippi, Arkansas, Indiana and Tennessee.
Low-power WHPM is owned by Mike Reed’s Waypoint Media, which also owns the market’s WGBC (NBC) and operates WMDN Meridian, Miss. (CBS).
