WSJ: Allbritton Stations Could Fetch $1B

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.