Journal Communications said it agreed to buy WTVF-TV Nashville, a...
Journal Communications said it agreed to buy WTVF-TV Nashville, a CBS affiliate, for $215 million from Landmark Media Enterprises. “The station will be a cornerstone asset within Journal Communications,” Journal Chairman Steven Smith said. Journal said the deal will be…
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structured as a purchase of stock but will be treated as an asset purchase under federal tax rules. The company said it got permission from some of its banks to expand its credit facility, giving it a total capacity of $325 million.