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TEGNA renews affiliation agreements with CBS, Fox

(Logo: TEGNA/Handout; Graphic: The Desk)

TEGNA says it was able to renew affiliation agreements with CBS and Fox for nearly two dozen of its local broadcast stations.

The agreement with CBS covers 15 local stations that reach 30 percent of the country, TEGNA said in a statement this week, including KENS (Channel 5) in San Antonio, KFMB (Channel 8) in San Diego, WTSP (Channel 10) in Tampa Bay and KFSM (Channel 5) in Fort Smith, Arkansas.

The Fox agreement covers six TEGNA stations, including WTIC (Channel 61) in Hartford,KXVA (Channel 15) in Abilene and WUPW (Channel 36) in Toledo. TEGNA says its local Fox affiliates represent about 6 percent of its properties.

TEGNA did not report the valuation of these deals. On Wednesday, the company said it earned over $803 million in revenue for the quarter that ended September 30, of which $377.4 million was attributable to carriage fees charged to cable, satellite and streaming systems.

The company is in the process of being acquired by asset management firm Standard General in a deal valued at $8.6 billion plus debt.

TEGNA operates more than 60 local broadcast stations across 51 television markets in the country.

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About the Author:

Matthew Keys

Matthew Keys is the publisher of The Desk and reports on the business and policy matters involving the broadcast television, streaming video and radio industries. He previously worked for Thomson Reuters, Disney-ABC, Tribune Broadcasting and McNaughton Newspapers. Matthew is based in Northern California, has won numerous awards in the field of journalism, and is a member of IRE (Investigative Reporters and Editors).