Hearst-Argyle nabs Granite state ABC affil

Firm to pay $185 mil in hot primary region

Hearst-Argyle Television said Thursday it has agreed to pay $185 million in cash for a news-heavy ABC affiliate in Manchester, N.H., that’s known for its quadrennial coverage of the Granite State’s presidential primary campaigns.

The New York-based broadcaster, which currently owns 26 television stations, said it will fund the acquisition of WMUR-TV from closely held Imes Communications in part through $160 million in proceeds anticipated from the sale of three Phoenix radio stations to Emmis Communications. The WMUR transaction is expected to close in the first quarter.

“WMUR is one of America’s best television stations,” Hearst-Argyle chairman Bob Marmut said. “It is a news leader which has earned the loyalty and respect of viewers and advertisers throughout New Hampshire and other portions of New England.”

New Hampshire’s only VHF station, WMUR operates a facilities network that allows its newscasts to reach the entire state. The station is licensed for Manchester and included in the Boston designated marked area, the nation’s sixth-largest TV market.

Hearst-Argyle also operates ABC affiliate WCVB in nearby Needham, Mass.

The company announced its acquisition agreement after the close of market trading. Hearst-Argyle shares closed up 44¢ at $22.69 on Thursday.

More TV

  • Durban 2018 Panel on Sexual Harrasment

    For Black Women in South African Film Biz, Equality Still a Struggle

    Hearst-Argyle Television said Thursday it has agreed to pay $185 million in cash for a news-heavy ABC affiliate in Manchester, N.H., that’s known for its quadrennial coverage of the Granite State’s presidential primary campaigns. The New York-based broadcaster, which currently owns 26 television stations, said it will fund the acquisition of WMUR-TV from closely held […]

  • Anthony Anderson

    Anthony Anderson Under Criminal Investigation, Disputes Woman's Claims of Assault

    Hearst-Argyle Television said Thursday it has agreed to pay $185 million in cash for a news-heavy ABC affiliate in Manchester, N.H., that’s known for its quadrennial coverage of the Granite State’s presidential primary campaigns. The New York-based broadcaster, which currently owns 26 television stations, said it will fund the acquisition of WMUR-TV from closely held […]

  • 'Marvel's Cloak & Dagger' Renewed for

    'Marvel's Cloak & Dagger' Renewed for Season 2 at Freeform

    Hearst-Argyle Television said Thursday it has agreed to pay $185 million in cash for a news-heavy ABC affiliate in Manchester, N.H., that’s known for its quadrennial coverage of the Granite State’s presidential primary campaigns. The New York-based broadcaster, which currently owns 26 television stations, said it will fund the acquisition of WMUR-TV from closely held […]

  • Frances McDormand Oscar theft

    Amazon Showrunners Panel: Frances McDormand Will Star as God in 'Good Omens'

    Hearst-Argyle Television said Thursday it has agreed to pay $185 million in cash for a news-heavy ABC affiliate in Manchester, N.H., that’s known for its quadrennial coverage of the Granite State’s presidential primary campaigns. The New York-based broadcaster, which currently owns 26 television stations, said it will fund the acquisition of WMUR-TV from closely held […]

  • Amazon Studios SDCC Roundup: Teaser Trailers,

    Amazon Studios SDCC Roundup: Teaser Trailers, Casting, Release Dates

    Hearst-Argyle Television said Thursday it has agreed to pay $185 million in cash for a news-heavy ABC affiliate in Manchester, N.H., that’s known for its quadrennial coverage of the Granite State’s presidential primary campaigns. The New York-based broadcaster, which currently owns 26 television stations, said it will fund the acquisition of WMUR-TV from closely held […]

  • Buffy the Vampire Slayer

    'Buffy the Vampire Slayer' TV Reboot in Development From Joss Whedon, Monica Owusu-Breen

    Hearst-Argyle Television said Thursday it has agreed to pay $185 million in cash for a news-heavy ABC affiliate in Manchester, N.H., that’s known for its quadrennial coverage of the Granite State’s presidential primary campaigns. The New York-based broadcaster, which currently owns 26 television stations, said it will fund the acquisition of WMUR-TV from closely held […]

  • Iron Fist

    TV News Roundup: Marvel's 'Iron Fist' Gets Season 2 Premiere Date on Netflix

    Hearst-Argyle Television said Thursday it has agreed to pay $185 million in cash for a news-heavy ABC affiliate in Manchester, N.H., that’s known for its quadrennial coverage of the Granite State’s presidential primary campaigns. The New York-based broadcaster, which currently owns 26 television stations, said it will fund the acquisition of WMUR-TV from closely held […]

More From Our Brands

Access exclusive content