News for Sale
Local television news stations are bought and sold like cheap stocks. Is that bad news?
Thursday, June 6, 1996
It was a scene perhaps more fitting of a cut-throat, high-stakes corporate take-over than of a relatively routine change in ownership of a small town news station: On the kind of blustery, sunny day typical of the Monterey Peninsula in late spring, 71 employees of KCCN-TV 46 were called into what they though was a casual weekly staff meeting.
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