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ZGS sells stations to Telemundo

ZGS Communications is selling all of its stations – 13 in all – to Telemundo.

After weeks of chatter about the sale of the stations, both companies confirmed the transaction.

Both companies will file joint applications for FCC approval, which would give Telemundo ownership of ZGS’s stations in Washington, D.C., Richmond, Hartford, Springfield, Providence, Fort Myers, Tampa, Orlando, Melbourne, Kissimmee, Raleigh, El Paso and Las Cruces.

The deal changes Telemundo’s plans for the launch of its D.C. owned and operated station.

You can read more details about the Telemundo-ZGS deal on Forbes.

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