After obtaining FCC approval, Meredith, Sander and Gannett announced that the ownership saga of KTVK, which has consumed the past year and a week, has come to a end.
But for KASW, it will be going on longer, indicated by this paragraph in the Meredith press release:
But for KASW, it will be going on longer, indicated by this paragraph in the Meredith press release:
Included in the transaction are (1) KTVK-TV, one of the nation's most successful independent stations and (2) KASW-TV, a leading CW network affiliate. At closing, SagamoreHill of Phoenix, LLC simultaneously purchased certain assets of KASW. As part of Federal Communications Commission approval, Meredith and SagamoreHill have voluntarily agreed to divest KASW through a cash sale, swap transaction or combination thereof.