Newport Television, which owns 56 stations in 20 markets, is reportedly up for sale.
Reuters reports that Providence Equity Partners, the private investment firm that owns Newport, is currently shopping the station group to potential buyers. The process, though, is in its “real early stages.”
Newport Television was founded in 2007 by Providence Equity Partners and Sandy DiPasquale to acquire the stations of Clear Channel Communications. The company is headquartered in Kansas City, MO.
Newport’s holdings include KTVX in Salt Lake City, WKRC in Cincinnati, and WOAI in San Antonio.
- Nexstar to Buy KASW in Phoenix for $68 Million
- 'We're Basically the Newspaper of Record,' Nexstar CEO Talks About Local TV
- KCPQ Will Pay More to Stay With FOX
- Media General and LIN Merger Approved by Shareholders