FCC OKs Fox Stations Sale
Deal Expected To Close In Third Quarter.
By Michael Malone -- Broadcasting & Cable, 6/9/2008 5:39:00 PM
The FCC has signed off on the sale of eight News Corp.-owned stations, which are slated to go to Local TV LLC. The stations, all Fox affiliates, are KDVR Denver, KFCT Ft. Collins, WBRC Birmingham, WJW Cleveland, WGHP High Point (NC), WITI Milwaukee, KSTU Salt Lake City and KTVI ST. Louis.
News Corp. announced the $1.1 billion sale of the eight stations to Oak Hill Capital Partners’ TV division, Local TV LLC, in December.
The deal is expected to close in the third quarter.
Talkback
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Does anyone know approximately when in the 3rd quarter this is expected to close? Late July? Early August?
Cornelius Soyo - 6/16/2008 5:40:00 PM EDT
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