The news is in. The Corpus Christi Caller reports that London Broadcasting out of Dallas is buying KIII Channel 3. The reported sales price is $31.3 million.
Those in Corpus will know this was the last of the locally owned stations in the city.
According to the paper, London Broadcasting was established in 2008 and owns 10 stations in the following markets: Waco/Temple/Bryan, Tyler/Longview and Beaumont/Port Arthur. The TV station owner plans to penetrate every market in the state except for the big metro areas — Austin, Houston, Dallas and San Antonio.
I was joking with someone that London Broadcasting will become the BELO of small Texas TV markets.
- Dallas-based company to buy KIII-TV
- KIII-TV sale price: $31.3 million