By: E&P Staff Landmark Communcations announced Monday that it has sold WTVF-TV, a CBS affiliate in Nashville, Tenn., to Bonten Media Group. Specific terms of the deal were not disclosed.
The sale of WTVF is the second time this month that the Norfolk, Va.-based Landmark has sold one of its TV properties. On July 6, Landmark announced that it had sold The Weather Channel to NBC Universal and two private equity firms. Sources close to the negotiations valued that deal at $3.5 billion.
"We are thrilled to add WTVF, a market-leading CBS affiliate, to Bonten Media Group?s portfolio of high performing television stations," Randy Bongarten, Chairman and CEO of Bonten Media Group, said in a statement. "This acquisition reflects our confidence in the future of WTVF in particular and of local television in general."
Landmark officials announced in January that they were looking to sell the company's properties, which include The Virginian-Pilot of Norfolk, Va., The Roanoke (Va.) Times, the News & Record of Greensboro, N.C., and The Annapolis (Md.) Capital.
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