A private equity firm is buying Tegna Inc., the parent company of New Orleans television stations WWL and WUPL, and 63 other TV stations in the U.S., according to The Times-Picayune | New Orleans Advocate.
Standard General L.P. will pay $8.6 billion for the broadcast group.
The deal must still be approved by Tegna shareholders and regulators. If approved, it is expected to close in the latter half of 2022.
WWL-TV and WWL Radio are owned by separate companies.
Click here to read more from The Times-Picayune | New Orleans Advocate.