History
KTLE-LP began as a construction permit granted to Telemundo on August 23, 1989, and was licensed as K60EE, UHF channel 60, on April 19, 1991. KTLD-LP began as a construction permit granted to Brooks Broadcasting Inc. on April 29, 1988. Brooks Broadcasting sold the permit to Ronald J. Gordon in March 1989, who in turn, sold the permit to Telemundo in October 1991. The station was licensed as K49CD, UHF channel 49, on August 14, 1992.
The stations' early days were marked by uncertainty, being transferred several times as Telemundo, their owner, endured financial hardship in the mid-1990s, and at one point went into bankruptcy. In May 2001, Telemundo sold the stations, along with Amarillo station K36DV (later KTMO-LP), to Lawton, Oklahoma-based Drewry Communications, who owned NBC affiliate KWES-TV in the Midland–Odessa market. Both stations received new call letters in January 2002; K60EE became KTLE-LP, and K49CD became KTLD-LP. In April 2004, KTLE moved from channel 60 to channel 20, having been required to abandon their position in the high-700 MHz band (channels 60-69). KTLD's license was canceled by the Federal Communications Commission (FCC) on March 12, 2014.
On August 10, 2015, Raycom Media announced that it would purchase Drewry Communications for $160 million.[1][2] The deal was completed on December 1, 2015.[3][4]
Sale to Gray Television
On June 25, 2018, Atlanta-based Gray Television, owner of CBS affiliate KOSA-TV (channel 7), announced it had reached an agreement with Raycom to merge their respective broadcasting assets (consisting of Raycom's 63 existing owned-and/or-operated television stations, including KWES and KWAB, and Gray's 93 television stations) under Gray's corporate umbrella. The cash-and-stock merger transaction valued at $3.6 billion—in which Gray shareholders would acquire preferred stock currently held by Raycom—required divestment of either KOSA or KWES due to FCC ownership regulations prohibiting common ownership of two of the four highest-rated stations in a single market (as well as more than two stations in any market).[5][6][7][8] As part of the deal, KWES was divested, but KTLE-LP was retained, with its digital simulcast moving to a subchannel of Gray's KOSA-TV.[9]
