Posted at: 02/25/2013 8:55 AM
Updated at: 02/25/2013 10:22 AM
WNYT-TV, LLC, announced today that it has entered into a definitive agreement with Venture Technologies Group, LLC to acquire the broadcast assets of WNYA-TV, the My Network affiliate serving the Albany-Schenectady-Troy, New York market (#58).
Hubbard Broadcasting, Inc. of St. Paul, MN, which has a long and successful history in broadcasting, is the owner of WNYT-TV, Albany-Schenectady-Troy’s NBC affiliate. WNYT-TV Vice President and General Manager, Steve Baboulis, said, “We are pleased to be adding WNYA’s programming to the services we currently provide in New York State’s Capital Region. We will work hard to enhance the good work WNYA has done in our market, and we look forward to this exciting opportunity.”
As part of this transaction, Venture Technologies and WNYT-TV also have entered into a Joint Sales Agreement, under which WNYT will provide sales services for WNYA.
This agreement is subject to prior approval by the Federal Communications Commission. FCC action on the sale is anticipated later this year.