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General Communication Inc's Denali Media Holdings Purchases Anchorage CBS Affiliate and Southeast Alaska NBC Affiliates


Friday, 9 Nov 2012 07:10pm EST 

Denali Media Holdings, a subsidiary of General Communication Inc announced that it has agreed to the purchase of three Alaska broadcast stations: CBS affiliate KTVA-TV of Anchorage and NBC affiliates KATH-TV in Juneau and KSCT-TV of Sitka. Denali Media Holdings will purchase KTVA-TV from Alaska Broadcasting Company, Inc./Media News Group (Affiliated Media Inc. FCC Trust) of Denver, Colorado. Affiliates KATH-TV and KSCT-TV will be purchased from North Star Broadcasting based in Juneau. The purchase agreements are subject to customary closing conditions, including approvals from the Federal Communications Commission, with final approval anticipated in the first quarter of 2013. The financial terms of the transaction were not disclosed. 

Company Quote

11.04
-0.01 -0.09%
24 Oct 2014