LONDON BROADCASTING COMPLETES ACQUISITION OF CW AFFILIATE KCEB-TV
Sep 02, 2010 | 3098 views | 0 0 comments | 9 9 recommendations | email to a friend | print
DALLAS – August 31, 2010 – London Broadcasting Company, Inc., the owner and operator of Texas-based media properties, announced today that it has completed the acquisition of the CW network affiliate KCEB-TV, from Charles Chatelain and Estes Broadcasting. KCEB-TV serves the Tyler-Longview, TX television market, which is located in East Texas, and is the 109th DMA in the United States as measured by A.C. Nielsen, serving a population of over 700,000 Texans in more than 260,000 households.

Terry E. London, President of London Broadcasting, commented: “We are pleased to add the full power CW network to our platform of channels in the East Texas television market. With this increased reach and breadth of our programming offerings, we are better able to serve our viewers and advertising partners.”

London Broadcasting Company has been and continues to be a leader in programming and technical improvements in the Tyler-Longview market. In 2008, London Broadcasting acquired KYTX-TV CBS 19, the CBS affiliate serving that market and it was the first station in that market to broadcast local news in full HD. London Broadcasting also broadcasts MYTX-My Texas TV, a regional sports and entertainment channel, and the Hispanic programming affiliate Azteca, on its secondary digital channels.

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. London Broadcasting operates 12 channels and five websites in the State of Texas. These include 2 NBC, 2 ABC, 1 CBS, 1 CW, 3 Azteca, and 3 MYTX channels with stations in Waco-Killeen-Temple-Bryan-College Station (DMA #89), Tyler-Longview (DMA #109), Corpus Christi

(DMA #129) and Beaumont-Port Arthur (DMA #141). London Broadcasting serves over 2.7 million Texans in 950,000 households, representing 11% of the Texas population. London Broadcasting is the third largest mid-market broadcaster in Texas.

London Broadcasting also owns 41 Entertainment, a Dallas-based television production company that produces television programs, television commercials and other forms of video and music content. Mr. London is a 30-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

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

approximately $600 million of assets under management. The capital committed by SunTx comes from the principals of SunTx, as well as from institutional investors, including leading university endowments and corporate and public pension funds.
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