Landmark Selling Two TV Stations, Mulls Other Assets

LANDMARK SELLING TWO TV STATIONS, MULLS OTHER ASSETS
[SOURCE: Associated Press]
Landmark Communications Inc. said Tuesday it will sell its two broadcast television stations in Las Vegas and Nashville, Tenn. but is still mulling options for its other businesses, including cable television's The Weather Channel. The family-owned company said it has completed a strategic review of its television broadcasting businesses and will sell KLAS in Las Vegas and WTVF NewsChannel 5 in Nashville with the help of Lehman Brothers. The two stations to be sold are CBS affiliates. Each is the leading television station in its market, providing 30 to 40 hours of local news programming per week, Landmark said. The Norfolk-based company still is evaluating options for its other businesses, including cable television's The Weather Channel and its flagship daily newspaper, The Virginian-Pilot, also in Norfolk.
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