Chapter 307: LDS Church sells Bonneville
November 6, 1986
The LDS Church agreed to sell its broadcasting unit Bonneville International, consisting of several radio and television stations to Times-Mirror Broadcasting for $1.7 billion.
The FCC said the church was violated to own a commercial television station.
It is also reported that Tribune would purchase WBNX-TV in Cleveland from the Winston Broadcasting Network for $1.2 billion, and became a commercial station.
The FCC also ruled out that the church did not own a station. Bonneville's TV properties include KTVK in Phoenix, KIRO-TV in Seattle and its flagship station KSL-TV in Salt Lake City, both three of them were CBS affiliates.
The LDS Church agreed to sell its broadcasting unit Bonneville International, consisting of several radio and television stations to Times-Mirror Broadcasting for $1.7 billion.
The FCC said the church was violated to own a commercial television station.
It is also reported that Tribune would purchase WBNX-TV in Cleveland from the Winston Broadcasting Network for $1.2 billion, and became a commercial station.
The FCC also ruled out that the church did not own a station. Bonneville's TV properties include KTVK in Phoenix, KIRO-TV in Seattle and its flagship station KSL-TV in Salt Lake City, both three of them were CBS affiliates.