Gannett will sell 3 TV stations to Knight-Ridder.
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The television stations in Alabama, Oklahoma and Arizona are being sold to Knight-Ridder Newspapers to meet federal requirements for Gannett’s acquisition of Evening News Assn., which is based in Detroit. The $160-million sales agreement is subject to approval by the Federal Communications Commission, Gannett said. The media company is selling Evening News Assn.’s stations to meet FCC rules restricting joint ownership of competing broadcast outlets. Gannett identified the stations being sold as KTVY-TV in Oklahoma City, WALA-TV in Mobile, Ala., and KOLD-TV in Tucson.
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