Affiliate of National Communications, Inc. To Acquire KUQI-TV Fox Channel 38 in Corpus Christi, Texas
March 15 2012 - 4:52PM
Business Wire
KUQI Licensee, LLC, an affiliate of National Communications,
Inc. (“National”), announced today that it has entered into a
definitive agreement to acquire the FCC station license, network
affiliation and all programming contracts of KUQI-TV Fox Channel 38
(“KUQI”) from High Maintenance Broadcasting, LLC. Contingent upon
receipt of FCC approval and completion of the acquisition, which is
expected to take place in the second half of 2012, KUQI Licensee
will enter into sales, programming and other shared service
agreements with London Broadcasting Company (“LBC”), a Dallas-based
broadcasting company. Financial terms of the transactions were not
disclosed.
National presently owns and operates KVHP-TV, the Fox television
affiliate in Lake Charles, Louisiana. National’s owner, Lester
Langley, is a long-standing member of the Fox Board of Governors,
and currently the Board’s treasurer.
Lester Langley, President of KUQI Licensee commented, “We are
excited to be entering the Corpus Christi market and look forward
to building upon the platform that currently exists. Just as we
have done at our Fox affiliate in Louisiana, we are committed to
providing quality programming, which will be informative and
entertaining for all viewers.”
Terry London, President and Chief Executive Officer of London
Broadcasting Company noted that, “We look forward to working with
KUQI Licensee in providing services that will lead to increased
viewership for the Fox affiliate in Corpus Christi.”
About National Communications, Inc.
Based in Lake Charles, Louisiana, National Communications, Inc.
has owned and operated KVHP-Fox 29 since 1996. Broadcasting the Fox
programming on the DT-1 channel, National also broadcasts the CW
network on the KVHP-DT2 channel. National’s owner, Lester Langley,
is well regarded within the broadcasting industry and he has a keen
understanding of the business as evidenced by his membership on the
Fox Board of Governors.
About London Broadcasting Company
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 in 5 Texas television
markets and reaches approximately 40% of the Texas population.