WASHINGTON (dpa-AFX) - McGraw-Hill Companies (MHP) announced a definitive agreement to sell its nine-station Broadcasting Group to The E. W. Scripps Company for $212 million in cash. The transaction is subject to regulatory approvals and customary closing conditions.
The Broadcasting Group includes ABC affiliates in Denver, Colorado (KMGH-TV), San Diego, California (KGTV), Bakersfield, California (KERO-TV), Indianapolis, Indiana (WRTV) and Azteca America affiliates in Denver, Fort Collins, Colorado Springs, San Diego and Bakersfield.
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