NBCUNIVERSAL'S OWNED TELEVISION STATIONS DIVISION AGREES TO ACQUIRE STATIONS FROM ZGS COMMUNICATIONS, EXPANDING ITS TELEMUNDO STATION GROUP
December 04, 2017
NEW YORK - (December 4, 2017) - The Telemundo Station Group and ZGS Communications, Inc. (ZGS) today announced they have entered into agreements that, once the necessary Federal Communications Commission (FCC) and other governmental approvals are obtained, will result in the Telemundo Station Group acquiring the 13 television stations, serving 10 markets, currently owned by ZGS. The Telemundo Station Group and ZGS will be jointly filing with the FCC several applications seeking consent to the transaction.
"Ronald Gordon, Eduardo Zavala and the ZGS stations have long been an important part of Telemundo's success. We deeply value our long term partnership,” said Valari Staab, President, NBCUniversal Owned Television Stations. "We are excited to welcome these great stations and talented people to the NBCUniversal family."
"Eduardo and I are very excited about this transaction because our stations and teams are finding the perfect home to continue growing and serving the Hispanic community, which has been our mission and privilege for the past 35 years," commented Ronald Gordon, Chairman and CEO of ZGS Communications.
"ZGS has been an excellent partner to Telemundo for many years. We share a mission of informing and empowering Hispanic communities with local news and entertainment. We look forward to continuing this longstanding mission and extending the resources of NBCUniversal to these stations," added Manuel Martinez, President, Telemundo Station Group.
ZGS Communications currently owns and operates a full power Telemundo-affiliated station in the El Paso, TX market and Class A stations serving the Washington, DC, Hartford, CT, Orlando, FL, Tampa, FL, Ft. Myers, FL, Providence, RI, and Raleigh, NC markets, as well as low power stations serving the Springfield, MA, and Richmond, VA markets.
The first set of FCC applications jointly filed by the Telemundo Station Group and ZGS covers the stations serving the El Paso, Orlando, Tampa, Ft. Myers, Richmond and Springfield markets. In the coming weeks, the parties plan to file applications for the stations located in Washington, DC, Hartford, Providence, and Raleigh.
About NBCUniversal Owned Television Stations
NBCUniversal Owned Television Stations is the division of NBCUniversal that includes 30 NBC and Telemundo local television stations, a regional news network and their associated websites and digital platforms, as well as a group of out-of-home properties, a production company, an in-house marketing and promotions company and two national multicast networks, COZI TV and TeleXitos. The local stations, which can be viewed in 37 percent of U.S. homes and in Puerto Rico, produce and deliver their local communities compelling and unique local news, real-time weather forecasts, consumer and investigative reports and entertainment programming across all platforms to help keep their English and Spanish-speaking audiences informed anytime and anywhere.
About ZGS Communications
ZGS Communications is a Hispanic-owned media company, headquartered in Arlington, Virginia. The company owns 13 Spanish-language television stations, representing the largest group of independent stations affiliated with the Telemundo network. In addition, ZGS owns one radio station serving Washington, DC, and a Spanish-language web portal holaciudad.com. For over three decades, ZGS has been a leader in the industry with a profound commitment to local programming, community service and advocacy; proudly serving and celebrating the Hispanic community with local news and programming on multiple platforms, as well as outreach and grassroots events.