Media Industry
Industry: Email Alert RSS FeedMeredith buys First Media TVs. (acquires three stations from First Media Television)(Brief Article)
Broadcasting & Cable, January, 1997 by Rathbun, Elizabeth A.
WASHINGTON--In buying First Media Television LP's three full-power TV stations, Meredith Corp. acquires too much of a good thing in Orlando, Fla. Among First Media's holdings is CBS affiliate WCPX-TV Orlando; Meredith already owns Fox affiliate WOFL(TV) there.
Meredith hopes to trade one of the Orlando stations for a TV in a similar size and growing market, said company president William T. Kerr last Friday in a news release. Meredith is proceeding as if the FCC will continue to bar TV duopolies, spokesman Craig Maltby says (see page 4).
Des Moines, Iowa-based Meredith will pay $435 million cash for WCPX-TV and Fox affiliates WHNS(TV) Greenville, S.C./Asheville, N.C.; KPDX(TV) Portland, Ore., and low-power KFXO(TV) Bend, Ore. (subject to FCC...
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