Monday, July 29, 2013

KATV: SOLD

Source: KATV Allbritton Communications has officially sold its TV broadcasting properties to Sinclair Broadcast Group.  The price: $985 million.  The sale includes:
  • WJLA: Washington, DC
  • WBMA/WCFT/WJSU: Birmingham, Ala.
  • WHTM: Harrisburg, Pa.
  • KATV: Little Rock, Ark.
  • KTUL: Tulsa, Okla.
  • WSET: Roanoke, Va.
  • WCIV: Charleston, S.C. 
KATV  includes this statement: "As a note to our viewers, KATV wants to emphasize that this is only a behind-the-scenes business matter happening at the corporate level. KATV will continue to bring you the best local news, weather and sports coverage you have counted on us to provide for more than 50 years."

The article says the deal is expected to close by the end of the year.