NBCU will sell its Spanish-language independent KWHY-TV Los Angeles to investment company The Meruelo Group, whose founder Alex Meruelo typically has targeted real estate, construction and financial services.
The deal, which is subject to FCC approval, comes before the planned close of the Comcast joint venture agreement this Friday. Terms were not disclosed, but Telemundo paid $239 million when it bought the station in 2001.
NBC had originally asked the commission for a temporary, six-month extension of its waiver of the FCC ownership rules to continue owning three stations in the market. The station group promised that within six months of the NBCU-Comcast deal’s close, it would either sell KWHY, one of its three stations there, or put it in a trust. But it subsequently indicated it did not need the waiver and would get a deal done.
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