WJW included:
[quote]News Corp. Selling Off 9 Fox Affiliates
By Michele Greppi
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 upâ€
News Corp to sell 9 Fox stations
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Opinion: Is News Corp. Foreshadowing the Fate of Local TV?
Is News Corp. Foreshadowing the Fate of Local TV?
News Corp. is planning to sell nine of its 35 local TV stations, mostly in medium-sized markets. The stations are profitable and should bring between $1.3-$1.5 billion. A News Corp. spokesperson said the company is selling the stations for strategic reasons. Strategic reasons? Most analysts agree, News Corp. doesn't need the cash (even with the pending Dow Jones purchase), so why dump the stations now?
http://news.yahoo.com/s/huffpost/200706 ... ost/052375
News Corp. is planning to sell nine of its 35 local TV stations, mostly in medium-sized markets. The stations are profitable and should bring between $1.3-$1.5 billion. A News Corp. spokesperson said the company is selling the stations for strategic reasons. Strategic reasons? Most analysts agree, News Corp. doesn't need the cash (even with the pending Dow Jones purchase), so why dump the stations now?
http://news.yahoo.com/s/huffpost/200706 ... ost/052375