News-Press & Gazette Acquires Three Stations From Cowles

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News-Press & Gazette Co. (NPG) has agreed to acquire KION-KMUV Monterey (Calif.), a CBS-Telemundo pair, along with Fox affiliate KKFX San Luis Obispo (Calif.) Cowles California Media Co. is the seller.

Terms of the deal were not disclosed. The transactions are subject to FCC approval.

NPG and Cowles California Media have also agreed to a shared services arrangement for Cowles' KCOY Santa Maria (Calif.), a CBS affiliate. NPG will provide news, back office, engineering and sales support for the station.

Missouri-based NPG has been strengthening its California portfolio. Late last year, NPG acquired KEYT Santa Barbara from Smith Media.

Michael Malone
Michael Malone

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.