FCC Clears Way for sale of Media General TVs

The Federal Communications Commission has approved Media General’s sale of two small-market TV stations to Hoak Media for $60 million. The deal includes WMBB, the ABC affiliate in Panama City, Fla. (DMA 154) and KALB, the NBC affiliate Alexandria, La. (DMA 180). KALB is also a CBS affiliate, broadcasting the network on one of its digital channels. The stations are two of five that Media General said it would sell last fall to relieve some of the financial pressure it is under.
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