Four Columbia Tv Stations Sold To St. Joseph Group

Posted on: 2:40 pm, July 26, 2012, by

Sold3-225x180

COLUMBIA, Mo. (AP) – A St. Joseph-based media group plans to buy four Columbia television stations.

JW Broadcasting announced Wednesday it had signed an agreement to sell KMIZ-TV, Fox-22, MyZouTV and Me-TV for $16 million to the News-Press and Gazette Co. of St. Joseph.

The Federal Communications Commission must approve the deal.

JW Broadcasting is part of Boston-based private equity firm Alta Communications. The News-Press & Gazette is led by David Bradley, who is also chairman of the University of Missouri Board of Curators.

The Columbia Daily Tribune reports (http://bit.ly/MLrHHn ) Bradley plans to avoid any conflict of interest problems by recusing himself from any curators business involving KOMU-TV, which is owned by the university.

The sale is expected to close in November.
___

Information from: Columbia Daily Tribune, http://www.columbiatribune.com

AP-WF-07-26-12 1453GMT<