E.W. Scripps Co. to Sell 5 Stations

From the Wall Street Journal, September 27, 2006:

E.W. Scripps Co. agreed to sell its five TV stations affiliated with the
Shop at Home network to Multicultural Television Broadcasting LLC for $170
million.
...
The stations are WMFP-TV in Boston; WOAC-TV in Cleveland; WRAY-TV in
Raleigh-Durham, N.C.; WSAH-TV in Bridgeport, Conn.; and KCNS-TV in San
Francisco.

E.W. Scripps Co. still owns 10 TV stations across the country, including KJRH-TV, the NBC affiliate in Tulsa. The selling of these stations is reportedly part of Scripps plan to divest itself of its interest in the Shop at Home network which is unprofitable. Multicultural Television Broadcasting LLC is a "limited-liability company created by Multicultural Radio Broadcasting Inc., a media company with radio stations, cable- and satellite-TV operations, and printed publications in more than 20 languages." Multicultural Radio Broadcasting Inc. owns around 3 dozen radio and TV stations across the country already. Since the 5 stations being sold are in medium-to-large markets, presumably with diverse populations, this company may be trying to bring in stations specializing in content for non-English speaking populations in those markets.

Links:
"Scripps Selling 5 Television Stations" Houston Chronicle, Sept. 26, 2006