Complex sentence: KAEF shares some much of the same programming as KRCR, but does offer a separate newscast of its own, "North Coast News" with Lindsay Housaman serving as anchor.
Split into simpler sentences: KAEF shares some much of the same programming as KRCR, but does offer a separate newscast of its own. KAEF now has its own local newscast being marketed as "North Coast News" with Lindsay Housaman serving as anchor.