NBCU Completes Acquisition of ZGS Telemundo Affiliates

NBCUniversal's Telemundo Station Group said it completed its acquisition of nine TV stations from ZGS Communications.

The stations serve six markets including a full-power outlet in El Paso, Texas.

The acquisition brings the Telemundo Station Group to 24 markets from 18 in the U.S. and Puerto Rico.

NBCU paid $75 million in cash for 11 ZGS stations. The applications for four of them are still pending. It intends to retain the majority of current employees.

Related: A Broadcast Giant in Any Language

As local broadcasters, we look forward to working with these new communities to deliver our best-in-class journalism to help keep viewers informed, said Valari Staab, President, NBCUniversal Owned Television Stations.

Our Telemundo stations have experienced tremendous growth in the past few years thanks to the exceptional work and journalism delivered by our Telemundo station colleagues, which has resulted in revolutionizing the way Spanish-speaking audiences receive their local news. I'm pleased that we'll have a chance to dedicate the same resources we devote to our Telemundo stations to these great stations we are welcoming to our NBCUniversal family today, Staab said.

NBCU completed the acquisition of Class A outlets in Washington, D.C.; Hartford, Conn.; Orlando, Tampa and Fort Myers, Fla.; Providence, R.I., and Raleigh, N.C. It also got low power stations in Springfield, Mass., and Richmond, Va.

The Telemundo Station Group had an outstanding 2017 and we're excited to kick-start 2018 by welcoming new station teams to our station group family, added Manuel Martinez, President, Telemundo Station Group. Together, we will continue to do what we do best: inform, empower and entertain our audiences with the outstanding Telemundo local and national programming they already enjoy.

LINK:	http://www.broadcastingcable.com/news/local-tv/nbcu-completes-acquisit...
	See more stories from bandc

Most recent headlines