Under the pact, Viacom would acquire KBHK-TV, San Francisco, from News Corp. subsidiary Fox Television Stations Inc., in exchange for KTXH-TV, Houston, and WDCA -TV, Washington, D.C.
Viacom and Fox will now each have seven "duopolies" -- markets where they own more than one station.
Fox Television said the deal brings it closer to compliance with a Federal Communications Commission ruling to reduce the audience reach of its Fox-owned stations, following its recent purchase of rival broadcaster Chris-Craft Industries, owner of 10 stations primarily in major markets. -- Wayne Friedman
Copyright August 2001, Crain Communications Inc.