WBUW (Madison's CW) changing ownership

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Posted by 4DFM on December 15, 2011 at 18:35:23:

WBUW channel 57 (or Madison's CW) is in the process of being sold; the deal was announced on Tuesday 12/13.

The seller: ACME Communications, who has been exiting from the TV business, bit by bit, for the past year or so (they sold their Green Bay station last spring).

The buyer: A company called Byrne Acquisition Group, which is co-owned by a founder of Argyle Television (which became part of Hearst Television) and whose only other TV property is a low-power station in South Carolina that mainly airs local lifestyle shows and infomercials. Needless to say, this is quite a step-up for that company.

Official statement from ACME Communications

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: WBUW channel 57 (or Madison's CW) is in the process of being sold; the deal was announced on Tuesday 12/13. : The seller: ACME Communications, who has been exiting from the TV business, bit by bit, for the past year or so (they sold their Green Bay station last spring). : The buyer: A company called Byrne Acquisition Group, which is co-owned by a founder of Argyle Television (which became part of Hearst Television) and whose only other TV property is a low-power station in South Carolina that mainly airs local lifestyle shows and infomercials. Needless to say, this is quite a step-up for that company.

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