01.05.2007 02:50 PM
The New York Times Company agrees to sell Broadcast Media Group

The New York Times Company announced Jan. 4 that it agreed to sell its Broadcast Media Group, consisting of nine network-affiliated TV stations, their associated Web sites and its Digital Operating Center, to Oak Hill Capital Partners for $575 million.

The stations include:

  • WHO-TV in Des Moines, IA (NBC);
  • KFSM-TV in Ft. Smith, AR (CBS);
  • WHNT-TV in Huntsville, AL (CBS);
  • WREG-TV in Memphis, TN (CBS);
  • WQAD-TV in Moline, IL (ABC);
  • WTKR-TV in Norfolk, VA (CBS);
  • KFOR-TV in Oklahoma City (NBC);
  • KAUT-TV in Oklahoma City (MyNetworkTV);
  • WNEP-TV in Scranton, PA (ABC).

The transaction is subject to regulatory approvals and is expected to close in the first half of this year.

In a statement announcing the deal, Janet Robinson, president and CEO of The New York Times Company, said the company would focus on developing its newspapers, digital businesses and "the increasing synergies between them."

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Tuesday 03:07 PM
WMUR-TV Says FAA Drone Rules Preclude ENG
The FAA’s current rules and proposed ban on flight over people, requirement of visual line of sight and restriction on nighttime flying, effectively prohibit broadcasters from using UAS for newsgathering. ~ WMUR-TV General Manager Jeff Bartlett

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