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New York Broadcasting Company Buys San Francisco Television Station.
Knight Ridder/Tribune Business News, November, 1999 by Cronk, Michael ^Tomb, Geoffrey
Knight Ridder/Tribune Business News
Nov. 17 -- San Francisco's KRON-TV has been purchased for a record $823 million by a mid-sized New York broadcasting company -- beating out media giants from the parent company of NBC TV to Gannett Co., the publisher of USA TODAY.
The sale of KRON-TV -- an NBC affiliate and one of the brightest jewels in the Chronicle Publishing Co.'s continuing asset sale -- comes on the heels of a San Francisco judge's order for the Honolulu Star-Bulletin to keep publishing. The order could have implications for the future of the San Francisco Examiner, which has been up for sale since the Hearst Corp. purchased the San Francisco Chronicle, the other gem in the Chronicle family's media holdings. Final sale of the Chronicle is...
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