Emmis Closes TV Station Sale

Stock quotes in this article: EMMS , HTV  

Emmis(EMMS Quote) completed the sale of WKCF-TV in Orlando, Fla., to Hearst-Argyle Television(HTV Quote) for $217.5 million.

The company will use the net proceeds of the sale, about $206 million, to repay outstanding indebtedness.

The company continues to own 50% of "The Daily Buzz," a syndicated weekday news program produced in the WKCF studios, with partner ACME Communications(ACME Quote), and will retain the WKCF building.

  • Loading Comments...
  •  

SHARE:

  • email
  • print
  • comment
  • digg
  • delicious
  • linkedin
This story was created through a joint venture between TheStreet.com and IRIS.




Connect with TheStreet

Dow Jones S&P 500 NASDAQ 10-Year Note
10,270.47 1,093.48 2,167.88 34.29
Oil *
75.55
UP
73.00
UP
6.24
UP
18.86
DOWN
0.17
10 Yr
3.43%
SPDR Gold
109.74
+0.72%
+0.57%
+0.88%
-0.49%
Data delayed 20 minutes

Brokerage Partners

TheStreet Premium Services

All Services