LPTV brings 6.65 million


Meredith Corporation is selling its LPTV Fox affiliate in Bend, OR, KFXO-LP (Ch. 39), to in-market competitor News-Press & Gazette. According to the FCC filing, the price tag is 6.65 million. This deal will not only give News-Press & Gazette a duopoly with its full-power KTVZ-TV (Ch. 21, NBC), but a triopoly, since it also runs the local CW affiliate as a DTV multicast of KTVZ.

"The decision to sell KFXO supports our strategy to focus on larger markets, as well as markets where we have or can create duopolies," said Meredith Broadcasting Group President Paul Karpowicz. Meredith will still own Oregon's largest Fox affiliate, KPTV-TV (Ch. 12) Portland.