London Broadcasting Company Completes Acquisition of KYTX-TV Announces Management Team
Monday, February 18, 2008
DALLAS, Texas – London Broadcasting Company, Inc. announced today that it has completed the acquisition of KYTX-TV CBS 19, Tyler-Longview, Texas, from Max Media for $25 million.
KYTX-TV CBS 19 is the CBS affiliate serving the Tyler-Longview, Texas television market and the nation’s 111th largest Designated Market Area. The acquisition includes a second digital channel MYTX-TV 18, which is programmed as an independent station focusing on local and regional sports.
“KYTX-TV CBS 19 and MYTX-18 are the platform properties for London Broadcasting Company. As a Texas-based broadcaster, we understand the interests and issues of Texans and are committed to serving the interests of the people of East Texas with informative news and quality entertainment” said Terry London, President and CEO.
London Broadcasting Company was formed to acquire and operate media properties in small and mid-sized markets in Texas and the Southwest.
London Broadcasting Company Management Team London announced that Phil Hurley and Carl Kornmeyer have been named to key management positions at London Broadcasting Company
Phil Hurley – EVP & Chief Operating Officer, London Broadcasting
Hurley, 59, is a 24-year broadcasting veteran. Most recently, Hurley has served as President and General Manager of KYTX-TV CBS 19 and MYTX since he organized and built it in 2004. Previously, Hurley served as VP and GM of Nexstar Broadcasting’s Beaumont Texas NBC affiliate and President of Max Media Montana. In 1986, Hurley built NBC affiliates, KETK in Tyler, Texas and KLSB in Nacogdoches, Texas. Civically active in Tyler since 1978 including past board president for TISD, United Way, and Better Business Bureau, Hurley currently serves as a director for the statewide United Way’s of East Texas, Tyler Independent School District Foundation, and the East Texas Food Bank. Hurley also serves as Chairman of the Tyler Continue Care Hospital.
Carl W. Kornmeyer – EVP & Chief Financial and Development Officer, London Broadcasting
Kornmeyer, 55, is a 25-year media executive with operational and financial experience in major market broadcast television, domestic and international cable television networks, radio stations, music entities and magazine publications. Kornmeyer held a number of senior management roles with Gaylord Entertainment Company (NYSE: GET) and was President of Music, Media and Entertainment. His tenure included a term as CFO of Gaylord where he directed all financial activities of the Company. He was among the developers and management team of The Nashville Network (TNN) and was a senior executive at Country Music Television (CMT). He was a principal negotiator in the $1.6 billion sale of TNN and CMT to CBS. Kornmeyer managed a team in the building of six international cable networks that operated in 20 countries and grew distribution to over 15 million subscribers.
John Gaston – VP & General Manager, KYTX-TV CBS 19
Gaston has been in the radio and television business for over 36-years. Gaston’s broadcast career has spanned from coast-to-coast with Westinghouse, General Electric and Doubleday Broadcasting. In 1987, he and partner, Phil Hurley, launched KETK, where Gaston continued in numerous management capacities before joining CBS affiliate KYTX as station manager in 2004. Gaston currently serves on the Carter BloodCare Board of Directors and the University of Texas at Tyler Cowan Center Advisory Board. He has previously served as president/chairman of the Better Business Bureau, East Texas Symphony Orchestra, and the United Way of Tyler/Smith County. Since 1985, Gaston has been active in numerous community organizations and boards, including Children’s Miracle Network Advisory Board, East Texas Advertising Federation, East Texas Crisis Center, the Mental Health Association, Rose City Kiwanis, the Texas Rose Festival and the Tyler Museum of Art.
Philip H. Hurley
Executive Vice-President & Chief Operating Officer
London Broadcasting Company, Inc.