FCC OKs Fox Stations Sale
The FCC has signed off on the sale of eight News Corp.-owned stations, which are slated to go to Local TV LLC. The stations, all Fox affiliates, are KDVR Denver, KFCT Ft. Collins, WBRC Birmingham, WJW Cleveland, WGHP High Point (NC), WITI Milwaukee, KSTU Salt Lake City and KTVI ST. Louis.
News Corp. announced the $1.1 billion sale of the eight stations to Oak Hill Capital Partners’ TV division, Local TV LLC, in December.
The deal is expected to close in the third quarter.
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Michael Malone is content director at B+C and Multichannel News. He joined B+C in 2005 and has covered network programming, including entertainment, news and sports on broadcast, cable and streaming; and local broadcast television, including writing the "Local News Close-Up" market profiles. He also hosted the podcasts "Busted Pilot" and "Series Business." His journalism has also appeared in The New York Times, The L.A. Times, The Boston Globe and New York magazine.