NBCU Miami Station Fetches Just $205M
Post-Newsweek Stations’ price tag for WTVJ had been reported at $350M.
By B&C Staff -- Broadcasting & Cable, 7/28/2008 9:44:00 AM MT
NBC Universal sold its Miami owned TV station, WTVJ, for just $205 million, according to a Federal Communications Commission disclosure that surfaced Monday.
When word got out that Post-Newsweek Stations bought the station, sources put the price tag at around $350 million.
There was no word about deal terms, although the filing said the reported net price came after unspecified adjustments.
Post-Newsweek Stations already owns the city’s ABC affiliate -- WPLG, top-ranked in Miami -- so it will be able to extract operating efficiencies via shared overhead.
WTVJ is ranked sixth, below the three other Big Four network outlets and also two Spanish-language stations.
NBCU is retaining its Telemundo station WSCV, which is one of the two higher-ranked Spanish-language stations.
NBCU, a unit of General Electric, is also seeking to sell its WVIT Hartford, Conn.
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