BlueStone Television
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BlueStone Television also known as Bluestone License Holdings Inc., is a Wichita, Kansas-based owner of television broadcast stations in the United States. It was formed by Sandy DiPasquale and Providence Equity Partners. Its first acquisition was a group of 12 stations from Lamco Communications Inc. in 2004. [1]
In 2007, BlueStone Television was sold to Diamond Castle Holdings LLC and veteran broadcast executive Randy Bongarten for $230 million dollars. [2]
DiPasquale has later partnered with Providence Equity to purchase Clear Channel Communications' television stations in a deal reported to be worth 1.2 billion dollars, creating a new partnership, Newport Television, LLC, based in Kansas City, Missouri.[3]
[edit] Stations owned by Bluestone Television
- WCYB NBC and CW affiliate in Bristol, Virginia serving the Tri-Cities of Tennessee/Virginia
- WEMT a FOX affiliate in Tri-Cities of Tennessee/Virginia (owned by Aurora Communications, managed by Bluestone's WCYB via a LMA)
- WCTI-TV ABC affiliate in New Bern, North Carolina
- KRCR ABC affiliate in Chico / Redding, California
- KAEF ABC affiliate in Eureka, California (associated with KRCR)
- KECI-TV and KCFW NBC affiliates in the Missoula, Montana market
- KTVM an NBC affiliate in Butte / Bozeman, Montana (associated with KECI)
