Fox to Acquire WJZY-WMYT Charlotte From Capitol

Grabs CW and MyNet in DMA No. 25 to return to N.C.

By Michael Malone -- Broadcasting & Cable, 1/28/2013 12:10:33 PM

Capitol Broadcasting Company has agreed to sell WJZY-WMYT Charlotte to Fox Television Stations. WJZY is a CW affiliate and WMYT is a MyNetworkTV station in DMA No. 25.

The $18 million deal is subject to FCC approval.

"We have enjoyed being a part of the dynamic Charlotte market for 25 years," said James F. Goodmon, president and CEO of Capitol Broadcasting Company. "We are sorry to leave but excited about the future of the stations under the ownership of Fox Television Stations."

WJZY was acquired by Capitol in 1987. WMYT was acquired in 2000.

"We are delighted to expand our portfolio of stations and return to North Carolina," said Jack Abernethy, CEO of Fox Television Stations. "WJZY and WMYT are both well run stations that provide us with a unique opportunity in a growing top-25 market."

Capitol's remaining holdings include WRAL-WRAZ Raleigh, a CBS-Fox pair in DMA No. 24.