NewsPublic Affairs / June 11, 2019

WTHR Sold As Part Of $535M TV, Radio Sale

WTHR Sold As Part Of $535M TV, Radio Sale

WTHR Studios Downtown

Evan Robbins/WFYI

COLUMBUS, Ohio (AP) — The Dispatch Broadcast Group is selling its television and radio stations in a $535 million deal marking the end of the Wolfe family media dynasty.

Properties sold to TEGNA, of Tysons, Virginia, in the deal include WTHR-TV in Indianapolis as well as Columbus' WBNS-TV and WBNS-AM and WBNS-FM radio.

TEGNA announced the broadcast sale Tuesday. It follows sale of The Columbus Dispatch newspaper to GateHouse Media for $47 million in 2015. Then-publisher John F. Wolfe died in 2016 at 72.

TEGNA is one of two publicly traded companies created when Gannett Company split in 2015. It owns 49 television stations in 41 markets and is the largest group owner of NBC-affiliated stations and the second-largest group owner of CBS affiliated stations.

At WFYI, our goal is to cover stories that matter to you. Our reporting is rooted in facts. It considers all perspectives and is available to everyone. We don't have paywalls, but we do need support. So if unbiased, trusted journalism is important to you, please join us. Donate now.



Related News

New Laws Take Effect July 1
Judge Blocks New Indiana Panhandling Law From Taking Effect
Utilities Ordered To Keep The Lights On Until Aug. 14 Despite Unpaid Bills