Lynn Martin, owner of LM Communications, has formed a new television-focused business and is purchasing Louisville's CW affiliate WBKI.
Martin, who owns and operates 12 radio stations in Kentucky, South Carolina and West Virginia, will serve as president of LM Communications Television.
"I am very excited to purchase my first television station," Martin said in a statement, adding he's "especially happy that my first acquisition serves the largest city here in my home state."
"I believe WBKI has tremendous unrealized potential, and I plan to explore and utilize all opportunities available to me to elevate WBKI into a much stronger TV station that it's traditionally been," he said.
The purchase is subject to approval by the Federal Communications Commission.