CBS to sell WGNT-TV to Local TV Holdings

Local TV Holdings was formed in 2008

NEW YORK -- CBS Corp. said Monday it has signed a definitive agreement to sell CW affiliate station WGNT-TV in Norfolk, Va. to Local TV Holdings LLC.

Financial terms were not disclosed.

Local TV Holdings was formed in 2008 by investment firm Oak Hill Capital Partners, a consortium of bankers and high yield lenders to acquire eight Fox station affiliates.
comments powered by Disqus