NEW YORK, NY, – News Corporation announced today that it plans to sell nine of its FOX network affiliated television stations. News Corporation has retained Allen & Company to advise it on potential transactions.
The stations include:
- WJW in Cleveland, OH
- KDVR in Denver, CO
- KTVI in St. Louis, MO
- WDAF in Kansas City, KS
- WITI in Milwaukee, WI
- KSTU in Salt Lake City, UT
- WBRC in Birmingham, AL
- WHBQ in Memphis, TN
- WGHP in Greensboro, NC
News Corporation has 35 owned-and-operated stations in the United States, making the Fox Television Stations (FTS) group among the largest in the nation. Following the planned sale of the nine stations, FTS will remain one of the nation’s strongest and most successful station groups, with nine duopolies in major markets as well as single stations in eight mid- to large-sized markets. A full list of News Corporation’s U.S. stations is available at http://www.newscorp.com/operations/tvstations.html
News Corporation (NYSE: NWS, NWS.A; ASX: NWS, NWSLV) had total assets as of March 31, 2007 of approximately US$62 billion and total annual revenues of approximately US$28 billion. News Corporation is a diversified entertainment company with operations in eight industry segments: filmed entertainment; television; cable network programming; direct broadcast satellite television; magazines and inserts; newspapers; book publishing; and other. The activities of News Corporation are conducted principally in the United States, Continental Europe, the United Kingdom, Australia, Asia and the Pacific Basin.