San Diego TV Stations Acquired By CW Parent Nexstar For $35M
deadline.comNexstar Media Group, which owns The CW and the largest group of local TV stations in the U.S., is adding two independent stations in San Diego to its portfolio.
The company has agreed to pay $35 million to acquire KUSI-TV from McKinnon Broadcasting Company, along with Channel 51. The pair will join Nexstar-owned Fox affiliate KWSB-TV in San Diego, which is the No.
30 market in the U.S. The move is a potential step toward creating an owned-and-operated CW station in the market. The network is currently carried by KFMB, a Tegna-owned station, and any transition would have to wait until the expiration of its affiliate agreement.
Still, the upside of that scenario was noted in Nexstar’s announcement of the deal. The station combination is “expected to be accretive to Nexstar’s operating results when The CW Network affiliation becomes available in the market,” the announcement said.
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