Log In   |  Register Free Newsletter Subscription
Skip navigation
Zibb
Subscribe to Broadcasting & Cable
RSS
Reprints/License
Print
Email

News Corp. To Unload Nine Stations

By Michael Malone -- Broadcasting & Cable, 6/14/2007 6:57:00 AM

News Corp. has put nine stations on the block, and hired Allen & Company to advise on the sale. The stations include heavy hitters like WJW Cleveland, WBRC Birmingham and WDAF Kansas City. The rest of the list includes KDVR Denver, KTVI St. Louis, WITI Milwaukee, KSTU Salt Lake City, WHBQ Memphis and WGHP Greensboro.

News Corp. will focus resources on its duopolies; all the stations on the block are the sole News Corp.-owned TV property in their market. The media giant is looking to free up cash for acquisitions, including the Wall Street Journal. The stations might fetch up to $1.5 billion, according to industry insiders.

News Corp. owns 35 stations.

RSS
Reprints/License
Print
Email
Talkback
Related Content
Also by Michael Malone

Reed Business Information Resource Center

Featured Company


Most Recent Resources

Advertisement
No content
More Content
  • Blogs
  • Photos
  • Podcasts

BC Review

BC Review

BC Review
September 30, 2009
TV Review: ABC's 'The Middle'
ABC’s The Middle debuts Sept. 30 at 8:30 p.m. The following are reviews...
More

BC Review

BC Review

BC Review
September 30, 2009
TV Review: ABC's 'Hank'
ABC’s Hank debuts Sept. 30 at 8 p.m. The following are reviews from TV...
More

VIEW ALL BLOGS RSS
Bell Blue

The Schmooze: B&C Hall of Fame Class of 2009

Members of the 2009 B&C Hall of Fame class receive their honors at the Waldorf-Astoria, Oct. 20, 2009.
ZuckerComcast

The Schmooze: 2009 B&C Hall of Fame

Photos from the 19th annual Broadcasting & Cable Hall of Fame gala at the Waldorf-Astoria in New York, Oct. 20, 2009.
News Corp. President and COO Chase Carey at the OnScreen Media Summit 2009

OnScreen Media Summit 2009

Photos from the B&C/Multichannel News day-long event on Oct. 21 at New York's Edison Ballroom. (Photos by Joshua Kristal, www.joshuakristal.com.)

Fall 2009 Hispanic Guide
Advertisement
BC Subscribe
B&C NEWSLETTER
B&C Today
HD Update
Cable Technology
VOD Newsletter
Hispanic TV Update
TechTalk
HD Programming
Multicultural Newsletter
B&C NewsCentral
Television Careers



Please read our Privacy Policy

About Us   |   Advertising Info   |   Submissions   |   Site Map   |   Contact Us   |   Affiliate Links   |   RSS
© 2009 Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.
Use of this Web site is subject to its Terms of Use | Privacy Policy
Please visit these other Reed Business sites