The Wall Street Journal on Sunday took a look at Allbritton Communications' planned sale of eight television stations, including KATV-TV, Channel 7 in Little Rock. Bids are due today. They could fetch up to $1 billion, the newspaper reports:
Bids are due Monday for Allbritton Communications Co.'s group of eight television stations, including the coveted Washington station WJLA, which are expected to fetch as much as $1 billion, according to people familiar with the matter.
Sinclair Broadcast Group Inc., Nexstar Broadcasting Group Inc., Hearst Corp., Meredith Corp. MDP and Tribune Co. are among those who have expressed interest in Allbritton's TV assets, these people said.
On Friday, I noted that other sources are thinking Allbritton might sell its flagship money-maker, WJLA in Washington D.C., separately. Hearst and Tribuine are said to be particularly interested in that station.
- Report: David Tovar Resigned From Wal-Mart Over Resume Falsehood
- Mobile-Payment Battle Brews Between Apple, Wal-Mart
- WSJ Looks at Crystal Bridges' 'State of the Art' Exhibit
- Beaudet Aviation to Land at Little Rock, Create 75 Jobs 2 days ago
- Crittenden Regional Hospital Files Chapter 7 Bankruptcy 1 day ago
- U.S. Marshals Museum Gets $5M Pledge 15 hours ago
- Harry Scott, Former President of Thompson Industries of Russellville, Dies at 64 1 year ago
- Wal-Mart Used Technology to Become Supply Chain Leader 2 years ago