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Posts Tagged ‘American Spirit Media’

FCC Approves Sale of WUPW, Layoffs Likely to Follow

The FCC has approved the sale of WUPW, bringing the Toledo Fox-affiliate one step closer to an expected round of layoffs.

The Toledo Blade reports that the $22 million deal for WUPW between LIN Media, the station’s current owner, and American Spirit Media was approved on Monday.  Attached to the deal is a shared services agreement with Raycom Media, which owns the market’s CBS-affiliate, WTOL.

As WUPW’s new owner pools its resources with WTOL, as many as 63 people could lose their jobs.  A formal announcement about the shared services agreement is expected next week.

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Toledo’s WUPW to Lay Off 63 Employees

Toledo Fox-affiliate WUPW will reportedly lay off 63 employees when the station changes ownership this spring.

The Toledo Blade reports that Ohio state officials have been informed of planned layoffs at WUPW when a deal for the station between American Spirit Media and LIN Media is finalized in the coming months.

American Spirit, a Charlotte-based company run by Thomas Henson, who owns a handful of stations across the country, is buying WUPW from LIN for $22 million.  LIN has owned and operated the station since 2002. Read more