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Providence Sells 22 TV Stations In Deals Worth $1B

By Megan Leonhardt ( July 19, 2012, 8:23 PM EDT) -- Providence Equity Partners LLC said Thursday that its Newport Television LLC had struck separate deals with Nexstar Broadcasting Group Inc., Sinclair Broadcast Group Inc. and Cox Media Group to sell off 22 television broadcast stations in transactions totaling $1 billion. ...

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