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.