Washington Post Co. buying Miami station

Published: July 19, 2008 at 3:39 PM
Order reprints
MIAMI, July 19 (UPI) -- The Washington Post Co. (NYSE:WPO) has announced it is purchasing the WTVJ-TV in Miami from NBC Universal.

The Washington Post reported Saturday its parent company will purchase the Miami station in order to increase its revenue by combining WTVJ with another area network to create a two-station group.

"We are pleased to be able to reach an agreement to purchase such a historic station as WTVJ, the first TV station to broadcast in Florida," Post-Newsweek Stations President Alan Frank said in a statement Friday.

Typically two-station groups, which are common in the TV industry, are owned by major networks such as NBC or CBS. It also is rare when a company has two stations affiliated with one of those major networks, the Post said.

The new Washington Post Co. group breaches both those market traditions while following current Federal Communications Commission regulations.

The Post said FCC officials only allow a company to own two TV stations in a single city if neither station is a top-rated station and if the city is large enough.


© 2008 United Press International, Inc. All Rights Reserved.



Kurdish constitution seen as unity threat (6 min)
Kinney joining 'Mentalist' cast (8 min)
Canadian unemployment eases in June (10 min)
U.S. H1N1 vaccinations to begin in fall (11 min)
Animal hoarder beyond Canadian law (14 min)
'Moneyball' rolls again with Sorkin, Pitt (19 min)
U.S. trade deficit dropped in May (26 min)
fark
Honey Bacon to contest election. Is there anything it can't do?
GM emerges from bankruptcy, sees shadow of debt, predicts six more weeks of Buick
Ugly ass baby giraffe born at Jacksonville Zoo. It's got legs that won't quit
Darwin scores first victory in 15 years at annual Running of the Dipshiats in Pamplona
...so here's some ugly-ass hairless baby macaque monkeys that look like George W. Bush
You should never have to apologize for being right. Even when you're the editor of the Farmers'...