 | This article needs additional citations for verification. (April 2013) |
 | |
| Industry | Media |
|---|---|
| Founded | August 2003 |
| Founder |
|
| Defunct |
|
| Fate | Acquired by Gray Television |
| Successor | Gray Television |
| Headquarters | Dallas, Texas |
| Services | Broadcast television |
Hoak Media Corporation was a broadcast media company based in Dallas, Texas. Hoak once owned eighteen television stations (including satellites), all in medium and small-markets, mostly in the Great Plains states and Colorado. Hoak Media was established in August 2003.
On November 20, 2013, Gray Television announced that it would purchase Hoak Media and Parker Broadcasting, excluding KREX (and its satellites), KFQX and WMBB (which could not be sold to Gray as it already owned stations in the markets affected), and as well as KAUZ-TV. Some of Hoak's stations were originally going to be sold to Excalibur Broadcasting and they would have been operated by Gray under local marketing agreements.[1] On December 19, it was announced that KREX and WMBB would be sold to Nexstar Broadcasting Group, while KFQX would be sold to Mission Broadcasting.[2]
The sale was completed on June 13, 2014. However, some stations were forced to go off the air and their programming was moved to subchannels of Gray-owned stations (and in Hastings, Nebraska, from KHAS-TV to KSNB-TV with KSNB-TV's existing programming moving to a subchannel), due to some stations unable to receive regulatory approval after the FCC's then-recent ruling on joint sales agreements. Those silent stations were later sold off to minority interests.[3][4]
On August 10, 2015, Hoak announced it would sell its last remaining station, KAUZ-TV (which was not included in the sale of most of Hoak's other stations to Gray Television, and of which was originally going to be sold to KAUZ Media, Inc.), to American Spirit Media (a Charlotte, North Carolina–based company headed by Thomas B. Henson) and would be operated under a shared services agreement by Raycom Media as a result of that company's acquisition of Drewry Communications (which had operated KAUZ-TV under a joint sales agreement since 2009). The sale was completed on December 1,[5] completing the disestablishment of Hoak.
- ^ "Gray Buying Hoak, Prime Stations For $342.5M". TVNewsCheck. Retrieved November 20, 2013.
- ^ Gray Sells Grand Junction Duop To Nexstar, TVNewsCheck, December 19, 2013
- ^ Gray closes Hoak deal; completes refinancing., rbr.com, Retrieved June 13, 2014.
- ^ Press Release from Gray Television, June 13, 2014
- ^ Raycom Media Completes $160 Million Acquisition of Drewry Communications Broadcasting & Cable, Retrieved December 1, 2015.