NY Times Station Sale Complete

By Michael Malone -- Broadcasting & Cable, 5/8/2007 9:05:00 AM MT

The New York Times Company and Oak Hill Capital Partners announced the closing of the sale of the Times Company’s Broadcast Media Group to Oak Hill.

The deal, which involves nine midsize stations, including WNEP Scranton, was agreed on in January. The stations sold for $575 million.

Oak Hill is a private equity firm with some $4.6 billion of committed capital. Robert M. Bass is the lead investor.

2009 NAB Show - Day 2

Images from the second day of the annual NAB Show in Las Vegas, April 21, 2009. (Source: www.nabshow.com.)

2009 NAB Show

Images from the opening day of the annual NAB Show in Las Vegas, April 20, 2009. (Source: www.nabshow.com.)

Fox Business Gets a New Look

Fox Business Network begins broadcasting from its new high-tech Studio G, overlooking Manhattan from the 3rd floor of News Corp. headquarters, on April 20. B&C got an early peek at the new space.

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