Anyone that's been paying attention knows that in mid '06, The New York Times announced they would be selling their television broadcast group (consisting of KFOR, KAUT and 7 other stations nationwide). Today it was announced that a firm named Oak Hill Capital has bought all nine stations for approximately $575 million.
Could be some sweeping changes at both stations, especially KFOR. I do know that this firm does NOT own any other broadcast companies. The sale will now have to go through the channels of the FCC and the SEC before being finalized.
I know most probably don't care, but more info can be found at nytco.com.
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