With backing from an Atlanta private equity firm, former Gray exec Bob Prather agrees to pay $115 million for five small-market network affils: Nexstar's WFFT Ft. Wayne, Ind. (Fox, DMA 111) and KQTV St. Joseph, Mo. (ABC, DMA 201), and Media General's KIMT Rochester, Minn.; (CBS, DMA 153), WTHI Terre Haute, Ind. (CBS, DMA 155); and WLFI Lafayette, Ind. (CBS, DMA 187).
http://www.tvnewscheck.com/article/95456/prather-buys-5-tvs-from-nexstarmedia-gen
http://www.tvnewscheck.com/article/95456/prather-buys-5-tvs-from-nexstarmedia-gen