Argyle Television II closes first acquisition.SAN ANTONIO--(BUSINESS WIRE)--Jan. 4, 1995--Argyle Television Holding II Inc., a new Delaware corporation A Delaware corporation is a corporation chartered in the U.S. state of Delaware. Delaware is well known as a corporate haven, and thus, over 50% of US publicly-traded corporations and 58% of the Fortune 500 companies are incorporated in the state. recently formed by the senior management of Argyle Television Holding Inc., has closed the transaction to acquire three television stations from Desai Capital Management's Northstar Television Group. Included in the purchase are WZZM-TV, the ABC ABC in full American Broadcasting Co. Major U.S. television network. It began when the expanding national radio network NBC split into the separate Red and Blue networks in 1928. affiliate in Grand Rapids Grand Rapids, city (1990 pop. 189,126), seat of Kent co., SW central Mich., on the Grand River; inc. 1850. The second largest city in the state, it is a distribution, wholesale, and industrial center for an area that yields fruit, dairy products, farm produce, , Mich; WNAC-TV, the Fox affiliate in Providence, R.I.; and WAPT-TV, the ABC affiliate in Jackson, Miss. The Northstar stations are the first acquisitions for Argyle Television II, which is owned by three partnerships controlled by the senior management of Argyle Television Holding -- Bob Marbut, Blake Byrne, Ibra Morales and Harry Hawks. Argyle Television II has no ownership in and is separate from Argyle Television Holding Inc. CONTACT: Argyle Television Holding II Inc., San Antonio San Antonio (săn ăntō`nēō, əntōn`), city (1990 pop. 935,933), seat of Bexar co., S central Tex., at the source of the San Antonio River; inc. 1837. Bob Marbut, 210/828-1700 |
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