- Associated Press - Thursday, February 16, 2017

PORTLAND, Maine (AP) - Maine’s oldest television station is expected to be sold to a Georgia media company for $85 million.

The Portland Press Herald (https://bit.ly/2lTs74j ) reports Diversified Communications will divest itself of WABI in Bangor. Atlanta-based Gray Television Inc. would add the station to its portfolio of about 100 television stations that it owns and/or operates in more than 50 markets.

WABI began broadcasting in 1953. It carries programming from CBS and The CW. The station was once owned by former Maine Gov. Horace Hildreth.

Hildreth’s grandson Daniel Hildreth is Diversified’s board chair. He calls the sale “a very difficult decision.”

The Federal Communications Commission must approve the sale.

Diversified is also selling WCJB, a station it owns in Gainesville, Florida.

Copyright © 2019 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.


Click to Read More and View Comments

Click to Hide