Cox Media Group said it agreed to buy four TV...
Cox Media Group said it agreed to buy four TV stations from Newport TV and will sell 25 radio stations in five markets and four TV station in four other markets (http://xrl.us/bnhku4). “This simplified structure will enable CMG to capitalize…
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on continued growth ... while retaining its size financially,” President Doug Franklin said. The four stations it agreed to acquire are WAWS-TV and WTEV-TV Jacksonville, Fla., and KOKI-TV and KMYT-TV Tulsa, Okla. Meanwhile, Cox plans to sell its KFOX-TV El Paso, WJAC-TV Johnstown, Pa., KRXI-TV Reno and WTOV-TV Steubenville, Ohio stations. It also plans to sell its option and other contract rights for KAME-TV Reno, it said.