Santa Maria-based KCOY-TV will be a part of a shared-services arrangement under a plan that included a number of television station acquisitions announced today.
News-Press & Gazette Company, which owns Santa Barbara-based KEYT, announced its plans to acquire Monterey-based KION-TV and KMUV-LP (Telemundo) as well as KKFX-CA in San Luis Obispo, from Cowles California Media Company.
The acquisitions are pending approval from the Federal Communications Commission.
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KCOY will receive news, back office, engineering, and sales support services from News-Press & Gazette Company under the shared-services arrangement. General management, programming and sales management functions will continue to be managed by Cowles Media, according to a news release sent out on Monday.
The transactions are expected to close in the fourth quarter of 2013, according to the release.
News-Press & Gazette Company is a privately held and family-owned company headquartered in St. Joseph, Missouri. The company owns newspapers and operates television stations in 10 Midwestern and western markets.