ACME Communications Announces the Completion of Three Station Sales

ST. LOUIS, May 24, 2011 (GLOBE NEWSWIRE) -- ACME Communications, Inc. (Pink Sheets:ACME) announced today that it has completed the sale of WBXX-TV, its station in the Knoxville, TN market, WBDT-TV, its station in the Dayton, OH market, and WCWF-TV (formerly WIWB-TV), its station in Green Bay-Appleton, WI market. WBXX was sold to Knoxville TV LLC on May 6, 2011. The FCC licenses, programming agreements, and related assets for WBDT were sold to WBDT Television, LLC. WCWF and the remaining WBDT assets were sold to units of LIN Television Corporation (dba LIN Media, "LIN"). The WBDT and WCWF station sales were completed on May 20, 2011. The aggregate sales price for the three stations was $17.1 million. All three stations are affiliates of the CW Television Network.

Leave a Reply

You must be logged in to post a comment.