KFSM-TV Looking for New Owner
Source: Associated Press The New York Times Co. said Tuesday that it intends to sell its group of nine network-affiliated TV stations in order to concentrate on its newspaper and digital businesses.
Chief Executive Janet L. Robinson said in a statement that while the stations were profitable and well-run, the sales would “allow us to sharpen our focus on developing our newspaper and rapidly growing digital businesses, and the synergies between them.”
The stations accounted for 4 percent of the company’s revenue last year. The Times said the station group is expected to have revenue of about $150 million this year and operating profit of about $33 million.
The stations being sold by the Times include:
-WHO-TV in Des Moines, Iowa, an NBC affiliate
-KFSM-TV in Ft. Smith, Ark., a CBS affiliate
-WHNT-TV in Huntsville, Ala., CBS affiliate
-WREG-TV in Memphis, Tenn., a CBS affiliate
-WQAD-TV in Moline, Ill., an ABC affiliate
-WTKR-TV in Norfolk, Va., CBS affiliate
-KFOR-TV in Oklahoma City, Okla., an NBC affiliate
-KAUT-TV in Oklahoma City, Okla., a MyNetworkTV affiliate, and
-WNEP-TV in Scranton, Penn., an ABC affiliate.