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Emmis Sells Nine TV Stations
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Emmis Communications (EMMS Quote) agreed to sell nine of its 16 television stations in three separate transactions for $681 million.
Lin TV (TVL Quote) agreed to buy five stations for $260 million. Two stations are in Mobile, Ala./Pensacola, Fla., and there's one each in Terre Haute, Ind.; Green Bay, Wis.; and Albuquerque, N.M.
Journal Communications (JRN Quote) agreed to buy stations in Fort Myers, Fla., Omaha, Neb., and Tucson, Ariz., for a total of $235 million. ...
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