03.24.2008 08:26 AM
NBC to sell O&Os in Miami and Hartford

NBC Universal, focusing on digital media and only the top 10 U.S. television markets, said last week it would sell WTVJ-TV in Miami and WVIT-TV in Hartford, CT.

WTVJ is in the No. 16 Nielsen DMA, while WVIT is in the No. 28 DMA. NBCU said it will keep its WSCV-TV, Telemundo affiliate, in Miami.

“We’re in the process of re-engineering the way we think, shifting our focus from a traditional stations business to becoming full-service local-media-production centers,” NBC Local Media president John Wallace said in an internal memo.

“These growth investments are an important part of ensuring our long-term viability,” Wallace continued. “They also need to be self-funded. As a result, we’ve taken a hard look at our portfolio and made some difficult decisions about what's best for our business going forward.”


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Thursday 10:05 AM
NAB Requests Expedited Review of Spectrum Auction Lawsuit
“Broadcasters assigned to new channels following the auction could be forced to accept reductions in their coverage area and population served, with no practical remedy.” ~NAB


 
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