Cox and Fox Swap Stations on East and West Coasts
A big station swap is going down on both coasts between Fox and Cox.
Cox is going to give up KTVU in the San Francisco market to Fox Television stations.
In return, Fox is going to give Cox their stations in Boston (WFXT) and throw in Memphis (WHBQ) as well.
“The addition of KTVU and KICU to our portfolio of owned-and-operated stations provides us with a compelling growth opportunity in a top-10 market,” CEO of Fox Television Stations Jack Abernethy said press release.
“This is the first time we have had a media presence in Boston and Memphis, and CMG is excited about the prospects that WFXT-TV and WHBQ-TV bring to our business,” Cox Media Group president Bill Hoffman said in a release.