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).
For comments and feedback: editorial@rttnews.com