Media General Inc. said Tuesday that it has completed the sale of WTVQ, the ABC affiliate in Lexington, Ky., to the Morris Network for $16.5 million.
“We are pleased to complete the sale of WTVQ and we will use the proceeds immediately for debt reduction,” said CEO Marshall Morton in a prepared statement. “We thank our former employees for their dedicated service and wish them well.”
http://www.tvnewsday.com/articles/2008/05/13/daily.15/
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