Exiting manager sells shares in Tidewater TV

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$125K WSKY-TV Norfolk-Portsmouth-Newport News (Manteo NC). 30% of Sky Television LLC from DanBeth Communications Inc. (Glenn V. Holterhaus, 30% of assets, 51% of votes) to remaining Sky shareholders (W.T. Lamm III et al). Full amount into escrow. Holterhaus is also relieved of responsibility for any station liabilities. [FCC file date 2/24/12]