07.23.2008 09:14 AM
Emmis sells WVUE-TV, completes TV divestiture

Emmis Communications has completed the sale of FOX affiliate WVUE-TV in New Orleans to Louisiana Media Company for $41 million, with after-tax proceeds of about $35.5 million, the company said July 18.

The sale of WVUE completes the divestiture of Emmis' TV assets. Since announcing its intent to exit the TV business in May 2005, Emmis has sold all of its 16 TV stations, resulting in gross proceeds of about $1.24 billion.

For more information, visit www.emmis.com.



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




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


 
Featured Articles
Exhibitions & Events
Discover TV Technology