Richmond Times-Dispatch:
Today’s completion of the sale of WWBT-Channel 12 means the Richmond area has two TV stations with the same owner — temporarily.
Alabama-based Raycom Media Inc. bought WWBT for $583 million and already owns WTVR-Channel 6.
Owning two stations in one market is generally against federal regulations, but the Federal Communications Commission agreed last week to give Raycom six months to sell WTVR.
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Tom Henson of Belmoro Corporate Advisors, which is handling the WTVR sale, said no changes will be made at WWBT in front of the camera or behind it. One exception, Henson said, is that the station will air editorials written and produced by the station staff.
Raycom Vice President Jeff Rosser said the company chose to keep NBC affiliate WWBT and sell CBS affiliate WTVR because WWBT’s has better ratings and financial numbers.