1. $53.8 million sale of ABC40 and FOX 6 in final stages of FCC review

    $53.8 million sale of ABC40 and FOX 6 in final stages of FCC review

    The sale of WGGB, ABC40 and FOX6, to the owners of WSHM, CBS3 Springfield, is awaiting final approval by the Federal Communications Commission. Gormally Broadcasting LLC of Springfield plans to sell WGGB to Meredith Corp. of Des Moines, Iowa, for $53.8 million. Gormally purchased the station from Sinclair Broadcast Group in 2007 for $21.2 million. The 30-day public comment period recently ended and the acquisition is before the FCC for final approval. Under the terms of a 44-page purchase and sale agreement filed with the FCC on June 19, Meredith has up to 60 days after that filing ...

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