/
06.08.2007 12:00AM
Emmis Sale of KGMB-TV to HITV a Done Deal
Indianapolis-based media firm Emmis Communications Corp. has completed the sale of CBS affiliate KGMB-TV in Honolulu to HITV Operating Co. Inc. for $40 million in cash.

The sale includes KGMB's satellite stations in May 2005, KGMV in Wailuku, Hawaii and KGMD in Hilo, Hawaii. HITV is a wholly owned portfolio company of MCG Capital Corp.

Since announcing its intent to exit the television business, Emmis has sold 15 of its 16 television stations, resulting in gross proceeds of $1.18 billion. Emmis continues to own Fox affiliate WVUE-TV in New Orleans.

Emmis purchased KGMB-TV with seven other network-affiliated stations in October of 2000 from Lee Enterprises.

Emmis owns domestic radio stations and a radio network, international radio stations, regional and specialty magazines, an interactive business and ancillary businesses in broadcast sales.


Comments
Post New Comment
If you are already a member, or would like to receive email alerts as new comments are
made, please login or register.

Enter the code shown above:

(Note: If you cannot read the numbers in the above
image, reload the page to generate a new one.)

No Comments Found




Friday 3:00PM
Google Debuts Android TV
“We’re simply giving TV the same level of attention that phones and tablets have traditionally enjoyed.” ~ David Burke, Google


 
Featured Articles
Discover TV Technology