Major Media Deal Involving Indiana Stations Wraps Up

Tuesday, February 23, 2016 01:07 PM EDT Updated: Tuesday, February 23, 2016 01:45 PM EDT
Major Media Deal Involving Indiana Stations Wraps Up WSBT-TV and Schurz are located in Mishawaka.

Georgia-based Gray Television Inc. (NYSE: GTN) has completed the acquisition of television stations from Schurz Communications Inc. in Mishawaka. The $415 million deal included the purchase and subsequent sell-off of a group of radio stations, nine of which are in the Lafayette and South Bend markets.

Gray owns WNDU-TV in South Bend and as part of the transaction, couldn’t acquire WSBT-TV in Mishawaka from Schurz.

The deal includes the sale of five radio stations from South Dakota to an in-state group, the sale of four radio stations in South Bend to Mid-West Family Broadcasting group and the sale of five Lafayette radio stations to Florida-based Neuhoff Communication. The Indiana stations dropped by Gray are:

  • WNSN 101.5FM in South Bend
  • WSBT 960AM/96.1FM in South Bend
  • WHFB 99.9FM in South Bend
  • WZOC 94.3FM in South Bend
  • WKHY 93.5FM in Lafayette
  • WKOA 105.3FM in Lafayette
  • WASK 98.7FM in Lafayette
  • WXXB 102.9Fm in Lafayette
  • WASK 1450AM in Lafayette

WSBT-TV, which was the flagship of Schurz Communications’ television stations, is owned and operated independently from Gray and WNDU-TV as the company looks for a new owner.

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