The McGraw-Hill Companies announced it’s selling its Broadcasting Group, which includes 5 Azteca América stations in Denver, Fort Collins, Colorado Springs, San Diego and Bakersfield, as well as 4 ABC affiliates.
The divestiture is part of a review that the company is undertaking to reevaluate its strategic core and costs across the corporation.
The Broadcasting Group had revenues of almost $100 million in 2010, up 18% over the prior year.