After Long Wait, Disney Takes Over Management of KHJ-TV
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Walt Disney Co. has finally assumed management of KHJ-TV, 21 months after announcing that it would buy the Los Angeles independent television station from RKO General Inc. for about $320 million.
The deal was not approved by the Federal Communications Commission until last July, primarily because of long-running challenges to RKO’s fitness as a broadcaster. The final deal called for Burbank-based Disney to pay $217 million to RKO and an additional $103 million to Fidelity Television, a Southern California investor group organized in 1975 to wrest the station’s license from RKO General.
A spokesman for Disney said it was “premature” to discuss likely programming changes at the station.
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