Emmis Communications Corp. (EMMS) announced it has completed the sale of CBS affiliate KGMB-TV in Honolulu to HITV Operating Co. Inc., for $40 million in cash.The sale includes KGMB's satellite stations, KGMV and KGMD. HITV is a portfolio company of MCG Capital Corporation (MCGC).
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.