(Eugene, OR – 3/05/14) Heartland Media, LLC and MSouth Equity Partners have agreed to acquire the assets of television stations KEZI, KDRV and KDKF from Chambers Communications Corp. The stations are located in Eugene, Medford and Klamath Falls, Oregon and are all ABC affiliates. The acquisition will expand Heartland’s holdings to four stations, including WKTV, the NBC affiliate in Utica, New York.
“We are excited about the opportunity to continue the excellent television services that have long been provided by the Chambers family in these markets,” said Bob Prather, President and CEO of Heartland.
Prather, who makes his home in Atlanta, Georgia, is a longtime veteran of the newspaper and broadcasting industries, most recently serving as President and Chief Operating Officer for Gray Television, Inc. Under Prather’s leadership Gray undertook an aggressive growth strategy in building a 41 station group, with the largest station in Knoxville, Tennessee (market 51).
“We believe Heartland sees the value in our broadcasting strategy and our excellent employees,” said Scott Chambers, CEO of Chambers Communications Corp. “Heartland is particularly well suited to build on the strengths that these stations have had in the local community for the past several decades.”
The transaction is subject to FCC approval, which is expected to be finalized in early to mid-summer of 2014. Chambers will continue daily operations of the stations until that time.