The Cowles Publishing Co. has closed on its purchase of four TV stations—two duopolies—from Newport Television.

Terms were not disclosed.

The deal includes two full-power CBS affiliates—KCOY Santa Barbara-Santa Maria-San Luis Obispo, Calif. (DMA 122) and KION Monterey-Salinas, Calif. (DMA 124)—along with companion low-power stations in each of the markets—KKFX-CA, the Fox affiliate in San Luis Obispo, and KMUV-LP, the Telemundo affiliate in Monterey.

Cowles, a Spokane, Wash.-based company headed by Elizabeth Cowles, also owns KHQ Spokane and KNDO/KNDU Yakima-Pasco-Richland-Kennewick, Wash. All are NBC affiliates.

Cowles also owns The Spokesman-Review, Spokane's dominant newspaper.

Newport Television is the company that Providence Equity created to manage the TV station group it purchased from Clear Channel Communications last year for $1.2 billion. It is run by Sandy DiPasquale.

Providence Equity had agreed to sell the four stations to Cowles even before closing on the purchase of the stations from Clear Channel.

Kalil & Co. represented Providence in the transaction; CobbCorp, the buyer.