Media dynasty of Wolfes ends with $535M TV, radio sale - WFMJ.com News weather sports for Youngstown-Warren Ohio

Media dynasty of Wolfes ends with $535M TV, radio sale

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COLUMBUS, Ohio (AP) - The Dispatch Broadcast Group is selling its television and radio stations in a $535 million deal marking the end of the Wolfe family media dynasty that's influenced Ohio's capital city for more than a century.

Properties sold to TEGNA, of Tysons, Virginia, in the deal include Columbus' WBNS-TV and WBNS-AM and WBNS-FM radio and WTHR-TV in Indianapolis.

TEGNA announced the broadcast sale Tuesday. It follows sale of The Columbus Dispatch newspaper to GateHouse Media for $47 million in 2015. Then-publisher John F. Wolfe died in 2016 at 72.

TEGNA is one of two publicly traded companies created when Gannett Company split in 2015. It owns 49 television stations in 41 markets and is the largest group owner of NBC-affiliated stations and the second-largest group owner of CBS affiliated stations.

Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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