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  6. Coastal Television Broadcasting Co. Acquires Wyoming Media Group

M&A Deal Summary

Coastal Television Broadcasting Co. Acquires Wyoming Media Group

On June 11, 2020, Coastal Television Broadcasting Co. acquired media company Wyoming Media Group

Acquisition Highlights
  • This is Coastal Television Broadcasting Co.’s 1st transaction in the Media sector.
  • This is Coastal Television Broadcasting Co.’s 1st transaction in the United States.
  • This is Coastal Television Broadcasting Co.’s 1st transaction in Wyoming.

M&A Deal Summary
Date 2020-06-11
Target Wyoming Media Group
Sector Media
Buyer(s) Coastal Television Broadcasting Co.
Deal Type Add-on Acquisition

Target

Wyoming Media Group

Casper, Wyoming, United States
Wyoming Media Group consists of five stations in the Cheyenne and Casper, WY markets. The coverage extends to the entire state of Wyoming and reaches some rural communities outside of Wyoming. Wyomedia operated KFNB in Casper, WY, and KLWY in Cheyenne, WY, which is both FOX affiliates. KLWY also broadcasts ABC programming on its secondary digital channel. Silverton operated ABC affiliates KTWO in Casper, WY, and KKTQ in Cheyenne, WY.

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Buyer(S) 1

Buyer

Coastal Television Broadcasting Co.

Anchorage, Alaska, United States
Category Company
Founded 2008
Sector Media
DESCRIPTION

Coastal Television Broadcasting Co. is a television broadcasting company that engages in the operation of broadcasting stations in duopoly or triopoly small-to-mid-size markets. Coastal TV owns and operates KTBY, KFNB, KLWY and WLOV, the FOX Broadcast affiliates in Anchorage, AK, Casper, WY, Cheyenne, WY and Tupelo, MS, respectively. Coastal Television Broadcasting Co. was founded in 2008 and is based in Anchorage, Alaska.

DEAL STATS #
Overall 1 of 1
Sector: Media M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Wyoming M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2020 M&A 1 of 1
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