Bayou City Closes on Nexstar Divestitures
Bayou City Broadcasting closed on its $40 million buy of Fox affiliate KADN-TV Lafayette, Louisiana, and low-power TV NBC affiliate KLAF-LD Lafayette from Nexstar Broadcasting, according to FCC online records and a news release from the National Association of Black-Owned…
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Broadcasters. The stations are divestitures connected to Nexstar buying Media General (see 1605270060). “Even though constituting 14% of the total population, African Americans own only 12 full power commercial television stations out of the 1300 full power commercial television stations in the United States,” said NABOB: The broadcaster “has no joint sales agreements, shared service agreements, financing agreements, or any other ‘sidecar’ agreements with any group station owners.” The group called the company "a standalone operation.”