In Depth
Washington Post Co., NBC Local Media Cancel WTVJ Sale
The Washington Post Co. has canceled its planned purchase of NBC Local Media’s WTVJ, the two companies announced today.
The intended sale was canceled due to the current economic environment and the delay in getting the necessary regulatory approval.
The deal was supposed to close by the end of this year.
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Jeff
I am relieved to know this. It would have been devastating for viewers to see many of their favorite on-air personalities be pink-slipped, as, no doubt, would have happened. As for the auction block, the Peacock Web should really wait. If the station was acquired to begin with as an entree to South and Central America(jointly with NBC division Telemundo), then there will be more and more English speakers among potential viewing audiences, or, at least, bilingual viewers. This would not be a problem.