Media Industry
Industry: Email Alert RSS FeedTribune, minority group on TV station Qwest; new company's first buys are WATL-TV Atlanta and WNOL-TV New Orleans.
Broadcasting & Cable, November, 1994 by McClellan, Steve
New company's first buys are WATL-TV Atlanta and WNOL-TV New Orleans Tribune Broadcasting has joined with a group of minority broadcasters, including Quincy Jones, Willie Davis, Don Cornelius and tieraldo Rivera, to form Qwest Broadcasting. The minority-controlled station group will acquire Fox-owned WATLTV Atlanta ($150 million) and Jones's WNOL-TV New Orleans ($17 million) as its first two broadcast properties.
Tribune is paying $15 million for a 45% non-attributable stake in the company, which will be chaired by Jones. Davis, president and principal owner of All Pro Broadcasting, a radio group owner with five stations, will serve as vice chairman of Qwest. Together, Jones, Davis, Rivera and veteran television producer Cornelius (Soul...
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