Multicultural Buys Five TV Stations

ARTHUR LIU's MULTICULTURAL RADIO BROADCASTING gets into TV station ownership with the purchase of the former SHOP AT HOME broadcast TV stations from E.W. SCRIPPS CO. for $170 million. The deal includes KCNS-TV/SAN FRANCISCO; WMFP-TV/LAWRENCE-BOSTON; WOAC-TV/CANTON, OH; WRAY-TV/WILSON-RALEIGH, NC; and WSAH-TV/BRIDGEPORT, CT. 

SCRIPPS sold the SHOP AT HOME network to JEWELRY TELEVISION for $17 million in JUNE and is now disposing of the broadcast licenses; MULTICULTURAL, which is buying the licenses through its MULTICULTURAL TELEVISION BROADCASTING, owns mostly brokered Ethnic radio stations in several major markets plus interests in cable, satellite, and print.

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