On Dec. 22, News Corp. said it will sell eight of its owned-and-operated FOX network affiliated television stations to Oak Hill Capital Partners for about $1.1 billion in cash.
The stations include:
The sale is subject to regulatory approval and is expected to close in the third calendar quarter of 2008.
When the sale is complete, Fox Television Stations will continue to include 27 owned-and-operated stations, nine duopolies in major markets as well as single stations in nine mid- to large-sized markets.
For more information, visit: www.newscorp.com.