Newport TV: Now we're smokin'
As I reported in today's Kansas City Star (hey, thanks for the above-the-fold, biz eds!), Newport Television is a going concern — finally. Eleven months after the deal to acquire TV stations in 24 markets was announced, and two months after lawsuits began to fly between the three principal parties — Wachovia, Clear Channel and Providence Equity Partners — the private-equity got the stations it wanted at a lower price. Sandy DiPasquale and his management team are ensconced in the Country Club Plaza and our town has its first headquarters for a TV ownership group.
