NewsChannel10 announces new ownership

NewsChannel10 announces new ownership

AMARILLO - NewsChannel10 would like to announce that, as of Tuesday afternoon, our station is part of the Raycom Media family.

In the coming weeks, audiences will see many changes to our television and online products, including Tuesday's unveiling of the new-look But our mission to bring you in-depth and balanced coverage on the latest news and events that impact our community will remain the same.

"The people who watch NewsChannel10 will be able to see subtle changes in the beginning, with maybe a little more dramatic changes over time," says Paul McTear, CEO and President of Raycom Media. "Change in news graphics, an increase in story count due to the connectivity between NewsChannel10 and the other Texas properties, as well as the rest of the Raycom news producing TV stations. The ability to share stories and go live from any city that we do news is a benefit to NewsChannel10 and our already strong audience."

Raycom Media, an employee-owned company, is one of the nation's largest privately owned broadcasters. The company owns or provides services for stations covering over 14% of U.S. television households and employs over 4,600 individuals in full and part-time positions. Raycom Media also owns PureCars and Raycom Sports, among other entities.

NewsChannel10 is excited to be the latest addition to the ever-growing Raycom Media.

And to the tens-of-thousands across the Panhandle that tune in to NewsChannel10 daily or visit us online: Welcome to the Raycom family.

From Raycom Media:

Raycom Media Acquires Drewry Communications Group

Raycom Media's anticipated $160 million purchase of Drewry Communications is now complete. Dramatically increasing the company's presence in Texas, adding Oklahoma to their portfolio and strengthening Raycom Media's national share in households to over 14%. 

Raycom Media's addition of the Drewry stations grows the company's share of Texas to 1.27 million television households, or close to 14% of the Lone Star state. Raycom Media already owns NBC affiliate KCBD in Lubbock, along with ABC affiliates KTRE and KLTV in Lufkin and Tyler, respectively. 

Paul McTear, Raycom Media President and CEO stated, "Drewry is a remarkable opportunity to deepen our roots in Texas. This is a group of market leaders; each with a strong presence not only on the broadcast side of the business but also in digital and Spanish-language platforms. We are excited to welcome their talented team members into the Raycom Media Family." 

The newly acquired television stations include ABC affiliate KXXV in Waco (DMA 87), CBS affiliate KFDA in Amarillo (DMA 131), ABC affiliate KSWO in Lawton, OK (DMA 147), and NBC affiliate KWES in Midland-Odessa (DMA 145). The deal also includes Telemundo affiliates in each market and Spanish-language radio stations in Odessa-Midland, KTXC-FM and Amarillo, KEYU-FM. As part of the deal, CBS affiliate KAUZ in Wichita Falls (DMA 147) will be sold to American Spirit and will enter into a shared services agreement with Raycom Media. 

The Drewry acquisition is evidence of the continued effort by Raycom Media to expand beyond its traditional footprint of the southeastern United States. In early October, Raycom Media closed on KNIN, Fox 9 in Boise, Idaho.