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Broadcasting & Cable:
The Walt Disney Company has made an agreement to sell the two smallest O&Os in its 10-station ABC Owned Television Stations Group to the stations' former owner SJL Broadcasting. The stations -- WJRT in Flint, Mich., and WTVG in Toledo, Ohio, - are strong revenue generators in their markets and are expected to remain ABC affiliates. Pending FCC approval, the deal is expected to be completed in early 2011 ... "The proposed sale of these Flint and Toledo properties makes strategic sense for the future direction of the ABC Owned Television Stations Group," Campbell said in her statement. "As we sharpen our focus on larger markets with greater growth potential, we're gratified that these well-run, local stations will be in the able hands of SJL, which is geared toward smaller stations and has a strong history with these two in particular." Prior to ABC's acquisition of both stations in 1995, they were owned and managed by SJL Broadcast Management... Disney to Sell Two Stations (Wed, 11/3)
