ATLANTA--(BUSINESS WIRE)--USA Television Holdings, LLC (“USA Television”) announced today that it and Maxair Media, LLC (“Maxair”) have entered into separate agreements to acquire Chico-Redding, California television stations KHSL-TV and KNVN (TV), respectively. KHSL-TV is Chico’s CBS network affiliate and also airs the CW network on a multicast channel. KNVN serves as the NBC and Telemundo affiliate for the Chico market.
Under the terms of the purchase agreements, USA Television will acquire KHSL-TV from GOCOM Media of Northern California, LLC and Maxair will acquire KNVN from K4 Media Holdings, LLC. The transactions are subject to FCC approval, which is expected to occur in mid-fall 2015. Upon consummation of the acquisitions, USA Television and Maxair intend to enter into agreements whereby USA Television will provide certain non-programming, operational and technical services to Maxair and sell up to fifteen percent of KNVN’s weekly advertising time.
USA Television is jointly owned by Heartland Media, LLC and MSouth Equity Partners, and currently owns four television stations in three markets, including Eugene, OR; Medford-Klamath Falls, OR; and Tupelo, MS. Heartland Media also owns the NBC television station in Utica, NY. “Chico-Redding is a natural complement to our operations in the adjacent Eugene and Medford markets,” said Bob Prather, USA Television’s CEO. “Under GOCOM’s stewardship, KHSL has thrived as Chico’s number one rated news station and USA Television is anxious to enhance that leading local position even further.”
“We feel like these two stations are among the best small market TV stations in the country and that the new owners will only enhance that status with more resources. They are inheriting a very talented team in Chico-Redding,” said Richard Gorman, President of GOCOM Broadcasting Corporation.
Maxair is owned by veteran broadcaster Dan Modisett. “Maxair is excited to enter the Chico-Redding market and looks forward to continuing to provide KNVN’s viewers with quality news, entertainment and community service,” said Modisett.