CBS has agreed to sell 3 TV stations in West Palm Beach. Those are WTVX-34, WTCN and WWHB sold to Cereberus Capital Management LP, a private investment firm. CBS4 and MY33 (WBFS) are still owned and operated by CBS. CBS bought WTCN and WWHB in 2004 hoping to expand into the local TV business more by going north to Palm Beach county.
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2 Responses to CBS Ditches 3 Local Stations
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how many people will be losing there jobs? Where will the stations be run out of and when will the new owners take over?
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current info is that WFOR will manage station for 90 days… after that, who knows, because Cerebus is an investment company, not a “media giant”…
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