A story that I have been keeping an eye out on.
From today's Greensboro News & Record:
Wednesday, Dec. 26, 2007 9:42 amNEW YORK (AP) -- News Corp. said last week it will sell eight of its owned-and-operated FOX network affiliated television stations to private-equity investment firm Oak Hill Capital Partners for about $1.1 billion in cash.
The deal includes WGHP (Fox 8) in the Triad.
The media conglomerate said in a statement published on its Web site Saturday that Fox Television Stations will still have 27 owned-and-operated stations after selling the following ones: WJW in Cleveland, KDVR in Denver, KTVI in St. Louis, WDAF in Kansas City, Mo., WITI in Milwaukee, KSTU in Salt Lake City, WBRC in Birmingham, Ala., and WGHP.
News Corp. said the sale is expected to close in the third quarter of 2008.
The company said it had total assets as of Sept. 30 of about $64 billion and annual sales of $30 billion.
| Member Comments |
 |
 |
||
Born and Raised in Alamance County, I've lived in a few other places in the the triad area virtually my entire life, except for a 5-year stint in the US Army that took me to numerous places around the country and around the world. Music is my primary passion. I've seen so many live shows, too many to count. Bands like Ac/Dc, Kiss, Metallica, Dave Matthews, Trans-Siberian Orchestra, Mike-E, Guns N Roses, Cinderella, Ted Nugent, the list goes on and on. I like everything from old 80's hair band stuff to new age Christian rock to jazz to classic country. I play drums at our church almost every Sunday, and am touring locally with a new artist that just released their first CD. I am also a member of Triad Skywarn, the CoCoRaHS network, and a proud member of the Fox 8 Weather Watchers. If you want to learn more about any of those groups, feel free to ask me about them.
Member Since: 9/27/2006
RSS: 
What is RSS?
Terms of Service | Privacy Policy | Blogging Policy | Feedback | Jobs | TV Ratings | Advertise with Us | News Corp
News | Weather | Traffic | Sports | Business | Entertainment | Health | Blogs | Metro
About Us | Politics | Morning News | TV Listings | Contact Us
Many pages in this Fox Television Stations, Inc. web site feature links to other sites, some of which are operated by companies unrelated to Fox Television Stations, Inc. Fox Television Stations, Inc. has no control over the content or availability of any linked site.
TM and (c) 2008 Fox Television Stations, Inc., and its related entities. All rights reserved. Any reproduction, duplication, or distribution in any form is expressly prohibited
Powered by Fox Interactive Media
