NEW YORK: NBC Universal’s Telemundo Station Group has agreed to purchase 13 television stations from ZGS Communications, Inc., which owns and operates the Telemundo affiliates.
ZGS Communications, of Arlington, VA is a Hispanic owned company and was first founded in 1983 and headquartered in Arlington, VA. ZGS which owns stations in the Hartford new haven and Springfield mass markets locally also has stations in Washington, D.C., Richmond, Providence, Fort Myers, Tampa, Orlando, Melbourne, Kissimmee, Florida Raleigh, NC, El Paso and Las Cruces, TX.
NBC is paying $75 million for the properties are a combination of full and low power stations..
According to the company’s filing, the stations in Providence, Washington, Hartford and Raleigh, sold their spectrum in the FCC incentive auction for an aggregate $140.7 million earlier this year, but have channel sharing agreements that allow them to continue service.
A company source says that Telemundo will be hiring its own team, but expects to retain and work with the majority of ZGS’s current staff.