Emmis TV Sales To Gray, LIN Close

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.

« see more Net News