TVNewser LostRemote AgencySpy PRNewser FishbowlNY FishbowlDC SocialTimes AllTwitter AllFacebook InsideFacebook InsideSocialGames InsideMobileApps

Cox Media Group Selling, Adding Stations

In an effort to focus on larger markets, Cox Media Group has announced that it is selling four of the stations it currently owns and buying four stations from Newport Television.

The stations being sold are KFOX in El Paso, WJAC in Johnstown, PA, KRXI in Reno and WTOV in Stubenville, OH.

The stations Cox is buying from Newport Television are WAWS and WTEV in Jacksonville and KOKI and KMYT in Tulsa.

“This simplified structure will enable CMG to capitalize on continued growth and synergies, while retaining its size financially,” president Doug Franklin said in a statement.  “All of our media outlets, regardless of size, are valuable, profitable brands with strong futures thanks to the hard work and dedication of our talented professionals who serve their audiences, advertisers and communities.”

Newport Television announced yesterday they are also selling 12 stations to Nexstar Broadcasting (see a list of those here) and six stations to Sinclair Broadcasting for $412 million.

The stations being sold to Sinclair are: WKRC in Cincinnati, WOAI in San Antonio, KSAS  in Wichita, WHP in Lancaster and WPMI and WJTC in Mobile.

Mediabistro Course

Social Media 101

Social Media 101Get hands-on social media training for beginners in our online boot camp, Social Media 101. Starting September 4, social media and marketing experts will help you determine the social media sites that matter most to you, based on your personal and professional goals. Register before July 31 and get $50 OFF with early bird pricing. Register now!