Pappas Telecasting Companies announced it retained Moelis & Co. “to assess strategic alternatives for the company,” which could result in the sale of a portion of its television assets.
In a company press release Pappas says: “after more than 40 years in the broadcast industry, the time has come to simplify my life and spend more time with my family.”
In July, Pappas Telecasting launched a group of Spanish-language television stations under the brand “TuVisión,” after breaking relations with Azteca América.