New York City station sold

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ITT Corp. and Dow Jones & Co. agreed to buy New York City-owned TV station WNYC for $207 million with plans to turn it into a satellite-delivered superstation offering a 24-hour daily mix of sports, entertainment and financial news. The station will be known as WBIS-Plus. WNYC, a UHF station airing on channel 31, carries both a commercial and a public TV broadcast license, but has been operated as a public TV station by the city.

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