The Telemundo Station Group and ZGS Communications, Inc. (ZGS) 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.