New Vision Television Announces Completion Of Acquisition Of WJCL-TV, The ABC Affiliate In Savannah, GA

September 19, 2007

New Vision Television Announces Completion Of Acquisition Of WJCL-TV, The ABC Affiliate In Savannah, GA With Assignment Of The Joint Sales Agreement For WTGS-TV, The Fox Affiliate In Savannah, Ga From Piedmont Television Holdings, LLC

Los Angeles, CA - New Vision Television, LLC ("New Vision") has announced today that it has completed the acquisition of WJCL-TV, the ABC affiliate in Savannah, Georgia from Piedmont Television Holdings, LLC. Parkin Broadcasting, LLC also completed its acquisition of WTGS-TV, the FOX affiliate from Bluenose Broadcasting. New Vision has taken an assignment of the existing Joint Sales Agreement for WTGS-TV.

New Vision Television Announces Agreement To Acquire All Assets And Stock Of Montecito Broadcast Group, LLC

July 23, 2007

Los Angeles, CA - New Vision Television, LLC ("New Vision") and Montecito Broadcast Group, LLC ("Montecito") announced today that they have signed definitive agreements whereby New Vision will acquire the assets and outstanding stock of the companies holding the following television stations:

  • KOIN-TV, the CBS affiliate in Portland, Oregon
  • KHON-TV, the FOX affiliate in Honolulu, Hawaii, along with the CW affiliation
  • KSN-TV, the NBC affiliate in Wichita, Kansas
  • KSNT-TV, the NBC affiliate in Topeka, Kansas, along with the CW affiliation

The agreements also include the purchase of satellite stations, KHAW-TV and KAII-TV in Hawaii, along with KSNC-TV, KSNG-TV in Kansas and KSNK-TV in Nebraska.

The transaction and assignment are subject to regulatory approvals and are expected to be completed in the fourth quarter of 2007.

New Vision Television Announces Agreement To Acquire WJCL-TV

April 16, 2007

New Vision Television Announces Agreement To Acquire Wjcl-Tv, The Abc Affiliate In Savannah, Ga And Receive An Assignment Of The Joint Sales Agreement For Wtgs-Tv, The Fox Affiliate In Savannah, Ga From Piedmont Television Holdings, Llc

New Vision Television Completes the Acquisition of WKBN-TV and WYFX-TV from Piedmont Television Holdings, LLC

March 02, 2007

Los Angeles, CA - New Vision Television, LLC ("New Vision") and Piedmont Television Holdings, LLC ("Piedmont") today announced the completion of New Vision's previously announced acquisition of Piedmont's CBS and FOX stations in Youngstown, Ohio. The final acquisition price was approximately $47 million.

Jason Elkin, Chairman and CEO, said "We are excited to complete the acquisition of these leading stations in Youngstown, Ohio. After significant market due diligence, New Vision feels certain that Youngstown has significant appeal and potential for growth."

The acquisition was supported by the private equity group of HBK Capital Management.