Would You Buy 9 Times Co. TV Stations For $575M?

satellite_dish_nyt.jpgOak Hill Capital Partners, a private equity firm, would.

Sayeth Janet Robinson, Times Co. president and chief executive: “Our focus now should be on the development of our newspapers and our rapidly growing digital businesses and the increasing synergies between them.”

Boring you say? Yes, but the sheer size of the deal — even for the Times — makes it important.

  • Times Co. Agrees to Sell TV Stations to Equity Firm [NYT]