Sale of nine New York Times-owned stations will allow the company to focus on its newspaper and digital properties, according to the company’s top executive.

The New York Times has sold its nine television stations to Oak Hill Capital Partners for $575 million.

With the deal, Oak Hill Capital Partners acquires nine TV stations, their Web sites and the group’s Digital Operating Center.

The New York Times Company confirmed its long-awaited exit from the television broadcasting business this week, announcing that it is selling its Broadcast Media Group to a Oak Hill Capital Partners, a private equity firm headed up by Robert M. Bass. The deal, valued at $575 million, includes nine stations, their ass

The New York Times Company confirmed its long-awaited exit from the television broadcasting business this week, announcing that it is selling its Broadcast Media Group to a Oak Hill Capital Partners, a private equity firm headed up by Robert M. Bass.

The newspaper intends to increase its video audience by four to five times during the next 18 months.

Time Warner Cable is launching a new high-definition tier in New York City starting Nov. 4. Time Warner's new HD tier, which includes INHD, INHD2 HDNet, HDNet Movies and ESPN-HD will be available to subscribers for $8.95 per month. Earlier this year, INHD made a commitment to air 100 hours of original hi-def programmi

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