Huntington, W.Va. (WSAZ) -- Gray Television, Inc., the parent company of WSAZ-TV, announced Friday that it has agreed to enter into a shared services agreement with Excalibur Broadcasting for WQCW-TV.
WQCW-TV serves as the CW affiliate for the Charleston/Huntington, West Virginia television market.
Under this agreement, Gray has agreed to provide back-office services and limited programming to WQCW-TV.
Excalibur reached an agreement Friday with Lockwood Broadcast Group to purchase all of the assets of WQCW-TV for $5.5 million.
Excalibur’s President and owner, Don Ray, is a resident of Huntington, West Virginia, and the former long-time General Manager of WSAZ-TV. He said, “Acquiring the Tri-State’s CW while simultaneously leveraging the resources of WSAZ for WQCW’s benefit presents an incredible opportunity to provide better service for area viewers and local businesses.”
Kevin Latek, Gray’s Senior Vice President for Business Affairs, observed, “Gray is excited to work with Lockwood and Excalibur in this important market. We look forward to building upon the talent and resources of both WSAZ and WQCW to better serve the greater Charleston and Huntington region.”
The parties expect the transactions to close following receipt of Federal Communications Commission approval.