Parent company of WKBN and WYTV sold
The company that owns Youngstown television stations WKBN and WYTV has been sold to LIN TV Corp. of Providence, R.I.
The $330.4 million deal includes 13 network affiliates, including the Youngstown stations, of New Vision Television.
Also included in the deal are television stations in Portland, OR; Birmingham, AL, Wichita, KS, Honolulu, HI, Savannah, GA, Topeka, KS and Mason City, IA.
The sale includes a cause to retain all employees in all stations, said David Coy, president and general manager of WKBN-TV, according to the station’s website.
The sale is subject to regulatory approvals and customary closing conditions, and New Vision expects the acquisition to close before the end of 2012.
For more on this story, see Tuesday’s Vindicator or vindy.com