Emmis Announces Sale of WVUE-TV in New Orleans

Indianapolis…Emmis Communications Corporation (NASDAQ: EMMS) today announced it has signed a definitive agreement to sell Fox affiliate WVUE-TV to Louisiana Media Company, LLC, which is principally owned by Tom Benson, owner of the New Orleans Saints. The purchase price is $41 million, with after-tax proceeds expected to be approximately $35.5 million. In addition, Emmis retains […]

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