This will be the new thread in the ongoing saga of the sale of KGMB TV, Hawaii's CBS affiliate.
KGMB TV To Be Sold Within a Year
From Erika Engle's story today:
KGMB TV To Be Sold Within a Year
From Erika Engle's story today:
KGMB-TV's owner is "deep into discussions" about the possible sale of the Honolulu station and a sister station in New Orleans, according to Jeff Smulyan, chairman and chief executive of Indiana-based Emmis Communications Corp.
Persistent talk on the street centers on Virginia-based Gannett Co. Inc. as a potential buyer of KGMB, despite a federal ban on newspaper-television cross ownership. Mike Fisch, president and publisher of the Honolulu Advertiser, owned by Gannett, referred inquiries to the company's Virginia headquarters, where officials were not available.
Persistent talk on the street centers on Virginia-based Gannett Co. Inc. as a potential buyer of KGMB, despite a federal ban on newspaper-television cross ownership. Mike Fisch, president and publisher of the Honolulu Advertiser, owned by Gannett, referred inquiries to the company's Virginia headquarters, where officials were not available.
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