Media General, LIN, Hearst, Sinclair, Meredith bounce around stations…

(from TVNewsCheck.com) – Media General Inc. and LIN Media today agreed to sell or swap television stations in five markets to comply with FCC ownership rules affecting the merger they announced on March 21. Media General also announced today that in light of the loss of CBS affiliation of LIN’s WISH Indianapolis, it was lowering the per-share price of the deal from $27.82 to $25.97.

Regulatory authorities are requiring the divestiture of stations in the following markets: Birmingham, Ala.; Providence, R.I.-New Bedford, Mass.; Mobile, Ala.-Pensacola, Fla.; Green Bay-Appleton, Wis.; and Savannah, Ga. The companies said they believe that no other market divestitures will be required….Cont…

According to TVNewsCheck.com, in Florida the changes go as follows…

Media General will acquire WTTA-TV in the Tampa/St. Petersburg market. Of course Media General already owns WFLA-TV in that Tampa, it’s second largest. We here at Florida News Center predict that WTTA will move to WFLA’s downtown Tampa studios and once again share newscasts.

Meredith Corp will take WALA-TV away from LIN TV, in the Mobile-Pensacola market for a mere $86 million.

 

About The Author

FNC Admin

Other posts by

Author his web site

20

08 2014

Comments are closed.