HONOLULU - The parent company of Honolulu television station KHON is selling its local broadcast group.
New Vision Television said in a news release Monday it's selling 17 stations in eight television markets to LIN Television Corp. for $330 million and the assumption of some debt.
KHON is included in the deal.
The company says the agreement is subject to regulatory approvals. New Vision expects the acquisition to close before the end of the year.
LIN Television is a subsidiary of LIN TV, a publicly traded company also known as LIN Media. It operates or services 32 network affiliates, more than 50 television and niche websites, and mobile products.
