KHON Parent Company Sells Its Local Stations

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KHON’s parent company is selling 17 local TV stations to a competitor for $330 million plus debt. KHON is included in the deal. 

CBS News reports: 

New Vision Television said Monday that it’s selling 17 stations in eight television markets to LIN Television Corp. for $330 million and the assumption of some debt.

The company said the agreement is subject to regulatory approvals. New Vision expects the acquisition to close before the end of the year.

LIN Television is a subsidiary of LIN TV Corp., a publicly traded company also known as LIN Media. It operates or services 32 network affiliates, more than 50 television and niche web sites, and mobile products.

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