KELOLAND-TV parent corporation is in the process of selling out to Nexstar Broadcasting Group, Inc.

(It is amazing it is such a sell out in so many ways, wonder if they will still be able to keep their box seats at the Packer’s game?):

From WIKIPEDIA: On January 27, 2016, Media General announced that it had entered into a definitive agreement to be acquired by Nexstar in a deal valued at $17.14 per-share, valuing the company at $4.6 billion plus the assumption of $2.3 billion debt. The combined company will be known as Nexstar Media Group, and own 171 stations, serving an estimated 39% of U.S. households. The company will pay Meredith Corporation (whom Media General had previously proposed a merger with) a termination fee of $60 million, and give Meredith right of first refusal to acquire any broadcast or digital properties that may be divested during the purchase. The deal also includes contingent value rights for Media General shareholders if it sells spectrum from its stations during the FCC’s spectrum incentive auction.[24][25]

 Sale to Nexstar

On January 27, 2016, Nexstar Broadcasting Group announced that it had reached an agreement to acquire Media General, including KELO. This deal will bring KELO-TV under common ownership with ABC affiliate KCAU-TV in Sioux City, Iowa.[8]

With the affiliation with KCAU we will get the regional bowling competitions live on air again? You have to be old to remember these exciting broadcasts with Gene Sherman (KCAU) and Dave Dedrick (KELO) cohosting “The Big Bowl” from Sioux City, Iowa.

Gene Sherman was an excitable guy who was the sports guy for years and gave school kids the guided tours. He showed the behind the scenes cool stuff.



3 comments ↓

#1 scott on 02.07.16 at 8:28 pm

i wondered why kelo started showing the sioux city temp on the news.

#2 anominous on 02.08.16 at 10:48 am

Lol, I hope they can continue to use the geographic name “Kelo-land”.

#3 The D@ily Spin on 02.09.16 at 8:39 am

Proof that Keloland is somewhere out of state?

South walls on both Denny Dome & Fish Bowl are curved. From satellite image looks like Huether bought a boob job. Fine, but he paid for his silicone with our plastic.

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