Murdoch's News Corp to sell eight Fox TV stations

24 Dec 2007

1

News Corp has said it will sell eight of its owned-and-operated Fox network affiliated television stations to private-equity investment firm Oak Hill Capital Partners for about $1.1 billion in cash.

The media conglomerate will still have 27 owned-and-operated Fox television stations after selling WJW in Cleveland, KDVR in Denver, KTVI in St Louis, WDAF in Kansas City, WITI in Milwaukee, KSTU in Salt Lake City, WBRC in Birmingham (Alabama), and WGHP in Greensboro (North Carolina). The sale is expected to close in the third quarter of 2008.

The company said as of 30 September, it had total assets of about $64 billion and annual sales of $30 billion.

Business History Videos

History of hovercraft Part 3...

Today I shall talk a bit more about the military plans for ...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of hovercraft Part 2...

In this episode of our history of hovercraft, we shall exam...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Hovercraft Part 1...

If you’ve been a James Bond movie fan, you may recall seein...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Trams in India | ...

The video I am presenting to you is based on a script writt...

By Aniket Gupta | Presenter: Sheetal Gaikwad

view more