PORTLAND – WMTW-TV, the ABC affiliate for southern Maine, will be sold to Hearst-Argyle Television Inc., which already owns TV stations in Boston, Manchester, N.H., and White River Junction, Vt.
Hearst-Argyle Television will pay $37.5 million in cash. The deal is subject to Federal Communications Commission approval.
“We’re going from a wonderful family operation to the big leagues. It’s very gratifying. People are genuinely excited,” David Kaufman, executive vice president of WMTW Broadcast Group LLC, said Tuesday.
Comments
comments for this post are closed