FCC GREENLIGHTS SALE OF SAGE'S TEXAS STATIONS
The FCC yesterday approved Bayou City Broadcasting’s purchase of Sage Broadcasting’s small group of TV stations in West Texas for $3 million.
The group comprises KIDY San Angelo (Fox, DMA 197), KXVA/KIDZ-LP Abilene (Fox/MNT, DMA 164) and four other low-power stations.
KIDY was among the original Fox affiliates, signing on in 1986.
The deal marks Sage’s exit from TV broadcasting.
Bayou has been running the stations under a local marketing agreement since last February when the parties struck the deal.
Bayou City is headed by DuJuan McCoy, a 19-year local sales veteran who most recently was general sales manager at KRIV/KTXH, Fox’s duopoly in Houston
At closing, Bayou City will become the only African-American-owned broadcast company affiliated with Fox, according to the Minority Media and Telecommunications Council.
“This is just the beginning for Bayou City,” said McCoy said in a statement at the time the deal was announced.
Kalil & Co. represented Sage Broadcasting in the transaction, while MMTC represented Bayou.
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