The license and certain related assets of KASW
will be purchased by a third party - SagamoreHill of Phoenix, LLC - and Meredith will provide certain services for the operation of KASW
pursuant to a customary services agreement with SagamoreHill in accordance with Federal Communications Commission local television ownership rules.
The acquisition comprises in Phoenix, independent station KTVK, and KASW
, a CW affiliate that would be acquired by a third party but Meredith would be offering services for its operation.
These networks include NFL Network HD, Food Network HD, and local stations KASW
HD and KTVK HD featuring exclusive Diamondbacks programming.
While the initial descriptions of the agreement with the Justice Department were sketchy, more came to light today when Gannett, Belo and Sander said that KMOV, KTVK and KASW
would be sold to Meredith Corp.