News Corp. has sold eight of its 35 stations to Oak Hill Partners, a private equity firm. The stations sold are: WJW (Cleveland), KDVR (Denver), WGHP (Greensboro), KTVI (St. Louis), WDAF (Kansas City), WITI (Milwaukee), KSTU (Salt Lake) and WBRC (Birmingham). Oak Hill already owns 9 other stations under the name Local TV LLC, and the WSJ reports that the day-to-day operations of all the stations may fall to Tribune. After all, Local TV’s top exec was just hired by Sam Zell to take over Tribune’s broadcast and internet operations.
Plus: So is this what TV stations have become?
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some guy named terry heaton has a good take on this meltdown.
i’m posting today from maui !
i work for one of the stations sold. just hoping all goes well with our new owners.
I have been doing a lot of reading on this, and Oak Tree will also be managing all of the Tribune stations. Does that mean that KWGN and KDVR in Denver will now share facilities? Which one will get to keep their news show? CBS has had an interest in the Fox facility to move KCNC into for a few months, could be a big stir up in Denver!