Comcast and NBC to speed up plans to unload LA TV station
Comcast Corp. and NBC Universal told the Federal Communications Commission they are changing plans on how to unload one of NBC's three Los Angeles television stations.
NBC Universal has three TV stations in the nation's No. 2 market: KNBC-TV Channel 4, KVEA-TV Channel 52 and KHWY-TV Channel 22. The latter two are owned by NBC's Spanish-language broadcasting unit, Telemundo. FCC rules prohibit a company from owning more than two stations in big markets, but NBC has operated the three under a waiver.
After cable giant Comcast struck its deal to acquire a majority stake in General Electric Co.'s NBC Universal, the two companies asked the FCC for permission to unload one of the stations by six months after their deal closed. This week, though, the two companies told the agency that instead they would either divest one of the stations or put it in a trust before the closing of the deal.
The station is most likely to be KHWY, as KNBC and KVEA are powerful outlets for NBC.
-- Joe Flint