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NBC-Miami sold… to Post-Newsweek

July 18, 2008 by Veronica Villafañe

After much speculation over the past couple of days, The Washington Post Co. announced today that it will buy WTVJ Miami from NBC Universal. Although the terms of the deal were not revealed, it’s estimated the sale could bring $350 million to $400 million and should be completed by the end of 2008.

Post-Newsweek Stations, a subsidiary of the Washington Post Co., will oversee operations of WTVJ, which will remain an NBC affiliate. It already owns and operates WPLG, the ABC affiliate in Miami, creating another duoloply in town.

TVNewsday points out that FCC rules allow a duopoly in a market this size if one of the two stations isn’t in the top four in local audience share. WPLG ranks No. 1, while WTVJ is No. 6.

Filed Under: TV & Radio Tagged With: NBC Mimia, Post-Newsweek, sale

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Veronica Villafañe, Editor & Publisher

Emmy award-winning journalist and former president of the National Association of Hispanic Journalists (NAHJ). Currently a reporter for Voice of America, she has worked as an on-air reporter, anchor, writer and producer for Spanish and English-language TV, print and online media, including Univision, Telemundo, Fox 11 News in L.A. and the San Jose Mercury News.

Hispanic media and entertainment contributor to Forbes.

Full bio here
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Veronica Villafañe, Editor & Publisher

Emmy award-winning journalist and former president of the National Association of Hispanic Journalists (NAHJ). Currently a reporter for Voice of America, she has worked as an on-air reporter, anchor, writer and producer for Spanish and English-language TV, print and online media, including Univision, Telemundo, Fox 11 News in L.A. and the San Jose Mercury News.

Hispanic media and entertainment contributor to Forbes.

Full bio here
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