Landmark Media Enterprises LLC, parent company of the Las Vegas Optic, announced this week that, because of difficult credit markets, it has largely suspended the process to sell its remaining businesses.
The process was launched in January and led to the sale in September of The Weather Channel Companies and some smaller sales. Landmark announced earlier this month that its agreement to sell WTVF-TV in Nashville was canceled because the buyer lost its financing.
Frank Batten Jr., Landmark’s chairman and CEO, cited the economy as the main reason for the decision.
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