Emmis TV Sales To Gray, LIN Close
December 1, 2005 at 6:33 AM (PT)
GRAY TELEVISION and LIN TV CORP. have closed on their purchases of several TV stations from EMMIS.
GRAY closed on the purchase of NBC affiliate WSAZ-TV/HUNTINGTON-CHARLESTON, WV for $186 million, while LIN closed on the purchase of FOX affiliates WALA-TV/MOBILE and WLUK-TV/GREEN BAY and CBS affiliates WTHI-TV/TERRE HAUTE and KRQE-TV/ALBUQUERQUE; another station, WALA's sister WB affiliate WBPG-TV, will be operated under an LMA while its license renewal is pending. Price for the LIN deal was $260 million.
JOURNAL's purchase of FOX affiliate WFTC-TV/FORT MYERS and ABC affiliate KGUN-TV/TUCSON and "certain assets" of CBS affiliate KMTV/OMAHA for $235 million will close next week. EMMIS remains in possession of three other stations, WB affiliate WKCF-TV/CLERMONT-ORLANDO, FOX affiliate WVUE-TV/NEW ORLEANS, and CBS affiliate KGMB-TV/HONOLULU and its satellites.