Sep 6, 2012 7:35 PM by Madelyn Monteath, KSBY News
KEYT-TV, an ABC affiliated television station serving the Santa Barbara County and San Luis Obispo County has been sold to a company based in Missouri.
News-Press & Gazette Co. (NPS) of St. Joseph, MO and Smith Media announced the transaction Thursday.
The sale is expected to be completed later this year after receiving required Federal Communications Commission approval.
Once approved NPG will own 10 television markets in the United States.
In a press release David Bradley, NPG chairman and chief executive officer, said, "We look forward to operating a top-flight station serving the Santa Barbara, Santa Maria and San Luis Obispo communities and advancing their interests in this beautiful part of the country."
For Smith Media and its predecessor, which have operated the station since 1987, the sale is a major milestone.
"My late husband put in place his vision of a community oriented, first-class television station dedicated to and reflecting the unique mix of talents, resources and caring that make Santa Barbara so special to us all. It has been a major part of the Smith Family's lives for these last 25 years to be directly involved in the traditions that have become KEYT," said Anne Smith Towbes.
The station has about 50 employees.
PLEASE HELP US MODERATE COMMENTS
Offensive or inappropriate comments are subject to removal. To report a comment, please e-mail us at email@example.com, and include the name of the story and information on the comment.
Thank you! KSBY.com