Cox Media Closes On Two Eugene, Ore., Stations

Cox Media Group said Tuesday that it closed separate transactions for the acquisitions of KLSR (Fox) and KEVU (My Network TV), two Eugene, Ore., television stations previously owned by California Oregon Broadcasting Inc. (COBI). The combined price was $7,222,000.

“We look forward to combining our rich legacies as we work together to improve lives and elevate our communities,” said Dan York, CEO of CMG. “Both stations have outstanding talent and have been exceptionally managed. They’re well-positioned to increase our competitiveness as we evolve our television footprint, drive revenue, and grow our ratings.”

COBI owned KLSR since 1993.

“It’s been an honor to work with the dedicated teams at these great stations,” said Patricia C. “Patsy” Smullin, COBI’s president. “I’ll very much miss being part of this region and want to thank both stations for their commitment to their viewers and the community.”

KLSR and KEVU will join CMG’s 31 other TV stations.

Paul Curran, CMG EVP, TV, said: “These stations will fit perfectly into our CMG TV portfolio, where our primary focus is serving our communities; informing, entertaining and engaging our audiences; and providing our customers with the best-in-class linear and digital platforms to help grow their businesses,” said. “I’m thrilled they are part of the CMG family.”