Northern Lights Media.

• Position: INSIDE ALASKA BUSINESS - Northern Lights Media acquisition of Tanana Valley Television Co. and Chena Broadcasting Co. - Brief article

Northern Lights Media (NLM), operator of Anchorage-based KTUU-TV and Channel 2 News, announced the acquisition of the local NBC (KTVF), CBS (KXD), and Fox (KFXF) television affiliates In Fairbanks from Tanana Valley Television Co. and Chena Broadcasting Co. for $8 million in cash.

Through the acquisition of the Fairbanks stations, NLM will be able to better serve Alaska viewers, businesses, and local Institutions across Its Anchorage television stations (KTUU and KYES) and the new Fairbanks stations. The transaction Is...