Independent News Network, a division of Little Rock-based Media Gateway, has been acquired by Waypoint Media, a media management company that owns and operates 18 television stations in five states, including Arkansas.
INN, which uses Little Rock-based production studios to produce simultaneous newscasts for television stations across the nation, will be called NewsHub under its new ownership.
NewsHub will remain in Little Rock and be managed by Elden A. Hale Jr., newly named corporate director of news, Waypoint said in a news release.
A purchase price wasn't disclosed.
INN began in 1999 in Davenport, Iowa, specifically designed to provide low-cost professionally produced newscasts for local markets. Gateway, which bills itself as a centralized master control and distribution hub, acquired INN in 2014 and moved its operations to Little Rock.
Waypoint is owned by veteran broadcast executives Bill Christian and Mike Reed. Its network-affiliated stations include KJNB-TV, a Fox and CBS affiliate in Jonesboro, as well as stations in Mississippi, New York, Tennessee and Indiana.
Business on 06/04/2019