Gaylord Entertainment is selling one of its TV stations to Tribune Broadcasting as part of a settlement of its yearlong legal battle with Warner Bros.’ WB Network.
The station – KHTV Houston – is being sold to Tribune for $95 million and will become an affiliate of the WB on Sept. 20. It is understood that this is the first of many steps Gaylord and WB are taking to resolve their differences.
The battle started last year when Gaylord filed suit to get out of its affiliation agreements with the WB so it could affiliate some of its stations with CBS.
WB then filed a countersuit to keep the stations in the fold, accusing Gaylord of breach of contract and acting in bad faith.
Tribune is involved because it owns 12.5% of the WB netlet and is also looking to increase its station holdings.