Spanish Broadcasting System, Inc. (SBS) announced today it has entered into an agreement to buy KTBU-TV (Digital 42;Virtual Channel 55) and other television assets in the Houston market from USFR Media Group for $16 million.The acquisition is expected to close in the third quarter of 2011, pending FCC approval.
KTBU-TV is a full-power station reaching approximately 1.8 million households in Houston, the nation’s fourth-largest Hispanic TV market, through its over-the-air, cable and satellite distribution platforms.
