NBC Affiliate To Be Sold To Alaska, New York Groups
Feb. 09, 1989
NASHVILLE, Tenn. (AP) _ WSMV-TV, the Nashville NBC network affiliate, is to be sold by Gillett Broadcasting of Tennessee Inc. to a partnership formed by a New York group and a company owned by native Alaskans, officials said.
''We are excited about our involvement with WSMV-TV, one of the premier television stations in the United States,'' Roy M. Huhndorf, president of Cook Inlet Region Inc. of Anchorage, said in a news release Wednesday.
Acting with Cook Inlet is Whitcom Partners of New York.
Terms of the transaction, subject to approval by the Federal Communications Commission, were not disclosed.
WSMV President and General Manager Mike Kettenring said no changes were planned by the new owners in management or programming. Officials said they expected the sale to be finalized in April.
Gillett, which has owned WSMV since 1981, also has interests in meat processing and ski resorts.
Cook Inlet has about 6,300 Aleut, Athabascan Indian and Eskimo shareholders. The company was one of 13 corporations formed in 1971 to manage the land and cash payments made to native Alaskans as compensation for their aboriginal land rights.
In partnership with Whitcom, Cook operates WTNH-TV in New Haven, Conn., acquired in 1986, and 11 radio stations acquired from First Media Corp. in 1988.