Cox television properties for sale


For SaleIf you’d like a major network affiliate in a somewhat less-than-major market, Cox Media Group may have a deal for you.

The company is spending in the neighborhood of $300M for four stations that are part of Providence Equity’s Newport Television: WAWS-TV (Fox) and WTEV-TV (CBS) in Jacksonville, and KOKI-TV (Fox) and KMYT-TV (MyNetwork) in Tulsa.

At least one of those stations will be licensed to a third-party company but will enter into an administrative agreement which will keep Cox involved in its operation.

In Jacksonville, Cox already has a one-AM, five-FM radio cluster up and running, and in Tulsa, it has one AM and four FMs.

Here are the four stations that are being shopped around:
* El Paso TX: KFOX-TV (Fox)
* Johnstown PA: WJAC-TV (NBC)
* Reno NV: KRXI-TV (Fox) plus CMG’s option/rights for KAME-TV (MNTV)
* Steubenville OH: WTOV-TV (NBC)
Derek Van Zandt of Citi is fielding inquiries from all parties interested in kicking the tires.