Yellowstone Buys Laredo, Cheyenne Stations for $20.5 Million

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Yellowstone Holdings, a new local TV group out of California, has agreed to acquire KGNS Laredo and KGWN-KSTF-K19FX-D Cheyenne (Wyo.)-Scottsbluff (Neb.) for $20.5 million. The seller is SagamoreHill Broadcasting, a group headed by Louis Wall.

KGNS is an NBC affiliate in DMA No. 184. KGWN, KSTF and K19FX-D air CBS in DMA No. 195.

Kalil & Co. brokered the transaction, which is subject to regulatory approval.

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.