News Corp. plans to sell nine of its Fox-affiliated TV stations.
The company announced Wednesday it has hired Allen & Co. to advise it on potential transactions, which would leave News Corp. with 26 stations, including nine major-market duopolies.
A News Corp. spokesman said the company was just “lightening up” its roster by selling off stations it considers good but not critical to its performance.
The stations on the block are WJW-TV in Cleveland; KDVR-TV in Denver; KTVI-TV in St. Louis, Mo.; WDAF-TV in Kansas City, Kan.; WITI-TV in Milwaukee, Wis.; KSTU-TV in Salt Lake City; WBRC-TV in Birmingham, Ala.; WHBQ-TV in Memphis, Tenn.; and WGHP-TV in Greensboro, N.C.
(Editor: Horowitz)
News Corp. Selling Off 9 Fox Affiliates
Jun 13, 2007 • Post A Comment
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Fox Corp. deals primarily in the television broadcast, news, and sports broadcasting industries. Its assets include the Fox Broadcasting Company, Fox Television Stations, drift hunters, Fox News, Fox Business, Fox Sports, Tubi, and others.
This decision by News Corp. to sell nine of its Fox-affiliated TV stations is definitely a strategic move. By streamlining their portfolio, they can focus more on their core stations, potentially leading to better overall performance. It’ll be interesting to see how these transactions unfold and what impact they have on the media landscape.
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As a real estate agent at Experion Elements Phase 1, I believe that staying informed about industry news is crucial for making informed decisions. It’s interesting to hear about News Corp.’s plans to sell some of its Fox-affiliated TV stations, as it reflects their strategic realignment. While this move may have implications for the media landscape, it’s important for us to focus on providing exceptional service and value to our clients here at Experion.
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