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) Times Mirror sells stations, part 1. (Times Mirror Co. to sell four stations to Argyle Communications Inc.) (Brief Article) - Broadcasting & Cable | HighBeam Research
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Times Mirror sells stations, part 1. (Times Mirror Co. to sell four stations to Argyle Communications Inc.) (Brief Article)

May 3, 1993 | Copyright

Times Mirror has filed with the FCC the first of its two-part, $335 million sale of its four television stations to Argyle Communications (Broadcasting & Cable, March 22). NBC affiliate WVTM-TV Birmingham, Ala., and ABC affiliate KTVI(TV) St. Louis will be purchased for $45 million and $35 million, respectively. Robert Marbut, who with Blake Byrne formed Argyle, said financing for the stations is through a "combination of equity and seller debt. …

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