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June 26, 2006
Sale of Channel 10 completed
RICHMOND, Va. -- Media General, owner of the Richmond Times-Dispatch, said today it has completed its purchase of four NBC stations, including WJAR Channel 10 in Providence.
In April, the Richmond-based media company announced its plans to buy the television stations from NBC Universal in an all-cash deal estimated at $600 million.
Media General says the stations are in large and growing markets.
With the acquisition, Media General now has nine NBC stations.
Media General also owns The Tampa Tribune and Winston-Salem Journal.
NBC Universal is 80 percent owned by General Electric Company. Vivendi Universal Entertainment holds the remainder.
Read a previous story.
Posted by Jack Perry at 2:27 PM | Permalink
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