Fisher Subsidiary Acquires KMTR Eugene for $8.5 Million
Fisher Communications subsidiary Oregon TV has agreed to
acquire KMTR Eugene from Newport Television for $8.5 million. KMTR is an NBC
affiliate. Fisher Broadcasting assigned its rights to KMTR's FCC licenses under
the agreement to Roberts Media, and entered into a shared services agreement
with Roberts, with Fisher to provide services to KMTR.
Fisher also negotiated the right to provide up to 15% of
KMTR's weekly programming, and has an option to acquire KMTR.
KMTR was the No. 4 revenue station in DMA No. 121 in 2011,
according to BIA/Kelsey.
The deal is expected to close in the first half of 2013 and
is subject to FCC approval.
NewportTV sold 22 stations to Nexstar, Sinclair and Cox in July, then dealt WXXA
Albany to Shield Media.
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Michael Malone is content director at B+C and Multichannel News. He joined B+C in 2005 and has covered network programming, including entertainment, news and sports on broadcast, cable and streaming; and local broadcast television, including writing the "Local News Close-Up" market profiles. He also hosted the podcasts "Busted Pilot" and "Series Business." His journalism has also appeared in The New York Times, The L.A. Times, The Boston Globe and New York magazine.