North Texas Public Broadcasting (NTPB) has entered into an agreement to sell KDTN to Community Television Educators of DFW. The sale will result in the transfer of the non-commercial licenses for KDTN-TV and KDTN-DT to Community Television Educators of DFW's Daystar Television Network, the second largest religious broadcaster in the world. The deal requires FCC approval and is anticipated to close in the fall. NTPB will retain ownership of KERA-TV and KERA-DT.
The proceeds of the sale total $20 million. NTPB has also negotiated the use of a portion of Community Television Educators' digital spectrum for use in providing educational and other services to the community.
The NTPB board and staff will begin a planning process to determine the best uses of the funds. "With this sale, NTPB can realize a net increase in services over time," said Gary Ferrell, president and CEO of NTPB. "It's our job to maintain a financially sound public broadcasting institution by investing the money and using earnings to enhance programs and services for the communities we serve." Ferrell added, "This is a one-time opportunity; we want to take our time as we explore the needs of the community and NTPB's role in helping to meet those needs."
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