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Emmis Closes On TV Sale
January 27, 2006 at 1:47 PM (PT)
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EMMIS has closed on its sale of four TV stations to the BLACKSTONE GROUP's MONTECITO BROADCAST GROUP, LLC for $259 million. The stations include CBS affiliate KOIN-TV/PORTLAND, FOX affiliate KHON-TV/HONOLULU and its satellite stations and translators, and NBC affiliates KSNW-TV/WICHITA and KSNT-TV/TOPEKA. EMMIS continues to own WB affiliate WKCF-TV/CLERMONT-ORLANDO, FOX affiliate WVUE-TV/NEW ORLEANS, and CBS affiliate KGMB-TV/HONOLULU and its satellites and translators, all of which are for sale.

