WSBT among two dozen TV and radio stations sold to Gray Television, owner of WNDU, in $442 million deal

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By: Krystal Vivian kvivian@953mnc.com

(Source: https://goo.gl/gQxaGW License: https://goo.gl/sZ7V7x)

WSBT and four local radio stations are among two dozen TV and radio stations nationwide owned by Schurz Communications that will be sold to Gray Television — which also owns WNDU locally — in a $442.5 million deal announced Monday, Sept. 14.

Schurz is retaining South Bend Tribune and other newspapers it owns, as well as four cable channels. 

Because Gray owns WNDU, the NBC affiliate in South Bend, the company is seeking another company to acquire and operate WSBT, the CBS affiliate, independently from both Gray and WNDU, according to a statement from Gray.

No changes in news coverage or programming is expected with the changes, according to a statement from WSBT.

The deal expands Gray’s operations to 49 TV markets in 28 states. Thirty-nine of the TV stations are ranked number one in their markets.

Gray did not own radio stations before the deal, but will acquire 13 stations, including four Michiana-area stations, WNSN Sunny 101.5, WSBT 960 AM/96.1 FM, WHFB New Country 99.9 and WZOC Z94.3.

“In a rapidly consolidating industry where size and scale matter more than ever before, we have come to the realization that Gray Television would be the best steward to ensure our stations succeed over the long-term,” Todd Schurz, president and CEO of Schurz, said in a statement. “Gray shares our commitment to local communities, staffs, journalistic ideals, and the broadcasting industry.“