It’s adding KOAM Joplin, Mo.; and in Victoria, Texas, KAVU, KMOL, KXTS, KUNU and KVTX. In addition, under operating agreements, it will run KFJX Pittsburg, Kan., and KVCT Victoria.
Morgan Murphy Buying 6 Saga Stations
Morgan Murphy Media has reached an agreement to acquire TV stations in two markets from Saga Communications.
They are Joplin, Mo.-Pittsburg, Kan. (DMA 151), where MMM is adding KOAM (CBS), and Victoria, Texas (DMA 203), where it’s getting KAVU (ABC), KMOL-LD (NBC), KXTS-LD (CBS), KUNU-LD (Univision), KVTX-LP (Telemundo) and CrossroadsToday.com.
At the same time, the licenses and other assets of KFJX (Fox), Pittsburg and KVCT (Fox), Victoria, now owned by Surtsey Media, will be acquired by subsidiaries of SagamoreHill Broadcasting, which will enter into operating agreements with subsidiaries of Morgan Murphy.
The terms of the deal were not released.
“We are thrilled to grow our family of stations in these two markets,” said Elizabeth Murphy Burns, president-CEO of Morgan Murphy Media. “These stations are the perfect fit with our company because of their strong foundation of market leadership and community service.”
MMM said “this acquisition fits with the company’s growth strategy of expanding into markets where it can hold and grow a leadership position across a multitude of platforms.”
Pending regulatory approval, the deal is expected to close in the third quarter of 2017.