Fox affilate WFQX (ch. 33) in Cadillac/Traverse City, Mich., is changing hands from SDR Rockfleet Holdings to Cadillac Telecasting for "somewhere north of $10 million," according to a source.
Cadillac is not expecting to run the station, but instead plans to enter into a shared services agreement under which Heritage Broadcasting-owned CBS affiliate WWTV in Cadillac would operate the station.
WWTV GM Bill Kring said he thought the stations had "complementary resources."
The deal, which was brokered by Kalil & Co., is subject to FCC approval.