completed the sale of WKCF-TV in Orlando, Fla., to
( HTV) 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
, and will retain the WKCF building.
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