Journal closes KMIR, KPSE sale


Journal CommunicationsJournal Broadcast Group announced the closing of the sale of television stations KMIR-TV (an NBC affiliate) and My 13 KPSE TV (a MyNetwork affiliate) in Palm Springs, CA, to OTA Broadcasting (PSP), LLC, an affiliate of Virginia-based OTA Broadcasting, LLC, for $17 million in cash. Kalil & Co., Inc., represented Journal Communications and Media Venture Partners, LLC, represented OTA.