HOUSTON — TEGNA, the parent company of KHOU 11-TV and 13 other TV stations here in Texas, has just announced it is being sold to the private equity firms Standard General and Apollo as part of a multi-billion dollar deal.
That is according to a release sent out by TEGNA CEO Dave Lougee.
As part of that deal, once TEGNA sells KHOU 11 and our sister station KTBU here in Houston, Cox Media Group is expected to acquire both stations along with KVUE in Austin and WFAA/KMPX in Dallas.
In addition, the TEGNA station in Dallas - WFAA - and in Austin - KVUE, are also being sold, to Cox which operates TV stations in 20 markets across the U.S.
Cox Media already owns some radio stations in Houston, including country powerhouse The New 93Q on 92.9 and classic rock station KHPT, The Eagle, on 106.9 and 107.5.