Saints Owner Grabs WVUE

Emmis Communications has agreed to sell WVUE New Orleans to Louisiana Media Company, whose principal owner is New Orleans Saints owner Tom Benson. The purchase price for the Fox affiliate is $41 million. The New Orleans DMA, which slid 10 spots to #53 post-Hurricane Katrina, lost about 20% of its population after the storm. According to BIA Financial, WVUE was the #3 grossing New Orleans station in 2006, grabbing $16.3 million.
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