Close encounter in Honolulu


Emmis television station KGMB-TV Honolulu is now officially a former Emmis television station. The 40M deal sending the CBS affiliate and satellites in Hilo and Wailuku is complete. The buyer is HITV Operating Company, a corporation formed for the purpose acquiring the station and a subsidiary of MCG Capital Corporation. Emmis says that 15 out of 16 peddled stations have been sold now, bringing in a total of 1.18B. The last station still for sale is Fox WVUE-TV in New Orleans.