LOS ANGELES (Reuters) – Walt Disney Co on Wednesday said it reached an agreement to sell two small owned and operated television stations back to their former owner, privately-held SJL Broadcasting Management.
Terms of the deal were not disclosed, but Disney said the transaction involves a station in Flint, Michigan and one in Toledo, Ohio. Disney bought the stations from SJL in 1995.
Disney said the deal is expected to be completed in early 2011.
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