Newspaper article THE JOURNAL RECORD
John Blair & Co. Will Sell 3 TV Stations, Including Kokh
NEW YORK - John Blair & Co. said Tuesday it has agreed to sell its three non-Spanish language television stations, including KOKH Channel 25 in Oklahoma City, to Gillett Broadcasting of California Inc. for approximately $86 million in cash.
The deal, which the New York-based media company said it expects to complete by year's end, must be approved by the Federal Communications Commission.
The two other stations being sold are KSBW in Salinas-San Jose, Calif. and KSBY in Santa Barbara-San Luis Obispo, Calif.
KOKH is the only independent UHF station in the package. The two California stations are affiliates of the National Broadcasting Co. television network.
Jim Harmeyer, general manager of KOKH, said the philosophy for programming would probably be the same as in the past under Gillett's ownership. He doesn't expect personnel or management changes will be made.
"I'd say it's going to be business as usual," Harmeyer said.
Gillett Broadcasting is a wholly-owned subsidiary of Gillett Holdings Inc., a Nashville, Tenn., company owned by George N. Gillett Jr.
Gillett owns several television stations, including KOLH in Lincoln, Neb.; WEAU in Eau Claire, Wis.; WLUC in Marchette, Mich.; WMAR in Baltimore; WOKR in Rochester, N.Y.; WRLH in Richmond, Va.; WSMV in Nashville, Tenn. …