With acquisition, LBC now reaches nearly 40% of Texas population
Call letters changed from KTAQ to KTXD
Affiliates With Me-TV Network
Dallas, TX — London Broadcasting Company (“LBC”), Inc., the owner and operator of Texas-based media properties, announced today that it has completed the acquisition of KTAQ-TV. The station is located in the Dallas-Fort Worth, Texas television market (DMA #5) and serves a population of 7.2 million people in more than 2.5 million households.
Terry E. London, President of LBC, commented: “With our focus on Texas, we are thrilled to acquire a full-power station in the Dallas-Fort Worth market and bring our brand of broadcasting to North Texas. With this acquisition, LBC now reaches almost 40% of the Texas population in 5 Texas DMA’s.”
On January 1, 2012, LBC changed the call letters from KTAQ to KTXD. Reflecting LBC’s commitment to the Dallas-Fort Worth Metroplex and the State of Texas, the station will be promoted as K-TEX.
LBC has entered into a long-term affiliation agreement with Weigel Broadcasting Company, and in February 2012, KTXD will become a “Me-TV” affiliate. Me-TV features a wide range of programming that audiences find comfortable and engaging. Me-TV’s library includes many acclaimed series from Twentieth Century Fox Television Distribution, CBS Television Distribution and NBCUniversal Television. Me-TV’s line-up includes some of the most beloved television programs ever produced, now in syndication, including: M*A*S*H, Cheers, The Mary Tyler Moore Show, The Dick Van Dyke Show, The Bob Newhart Show, Gunsmoke, Star Trek and Hawaii Five-O.
“Adding Me-TV in the Dallas market was an easy choice for us,” says Phil Hurley, EVP & COO of LBC. “Me-TV’s library of TV classics allows us to provide our Dallas viewers with some of the most enjoyed shows ever broadcast on television and will be a great compliment to our sports and local programming. We are very pleased to partner with Weigel Broadcasting and will now carry the Me-TV network in all of our markets.”
About London Broadcasting Company and Related Entities
Terry E. London and SunTx Capital Partners formed London Broadcasting Company in 2007, to acquire and operate Texas-based media properties. LBC operates 17 channels and seven websites in the state of Texas. These include 3 NBC, 2 ABC, 1 CBS, 1 CW, 5 Me-TV, 1 ThisTV, 1 MyNetworkTV, 1 Azteca, 1 Mexicanal and 1 independent channel with stations in Dallas-Fort Worth (DMA #5), Waco-Killeen-Temple-Bryan-College Station (DMA #89), Tyler-Longview (DMA #109), Corpus Christi (DMA #129), and Beaumont-Port Arthur (DMA #141). LBC serves 9.9 million Texans in 3.6 million households, representing 38.9% of the Texas population.
LBC’s related entities include 41 Entertainment and BE Music & Entertainment. 41 Entertainment is a Dallas-based television production company that produces television programs, television commercials and other forms of video and music content. Be Music & Entertainment is an artist development company, offering management, publishing and recording opportunities for artists.
Mr. London is a 33-year media veteran and former President and CEO of Gaylord Entertainment Company, owner of TNN: The Nashville Network, CMT: Country Music Television, the world famous Grand Ole Opry, the Gaylord Hotels, Word Records, Cencom Cable, as well as major market television stations.
About SunTx Capital Partners
SunTx Capital is a private equity investment partnership that works closely with management teams to buy and build middle market companies. Founded in 2000, and headquartered in Dallas, SunTx has over $600 million of assets under management. The capital committed by SunTx comes from the principals of SunTx, as well as from institutional investors, including university endowments and corporate and public pension funds.
For London Broadcasting Company, Inc.
Phil Hurley, EVP & COO
For SunTx Capital Partners
Kekst and Company