Fly on the Wall 1571 

TV News

WATN and WLMT will be sold to Tegna Inc., according to a co-announcement by Nexstar and Tribune Media. Last December, WREG owner Tribune entered into an acquisition agreement with WLMT/WATN owner Nexstar.

Planning to stay just below the FCC ownership cap for station ownership, Nexstar announced they would be divesting in 13 markets. Nexstar chose to keep WREG when the $6.4-billion merger finally closes.

click to enlarge flyby_fotw.jpg

Neverending Elvis

Forbes ran a story last week titled "Lisa Marie & The Rise and Fall of the Elvis Estate." Lisa Marie Presley filed a lawsuit against Siegel and Provident Financial Management for allegedly "hiding the trust's true financial condition."

"The deal brought in only $40 million after taxes, plus $25 million worth of stock in the future holding company of American Idol," the article says of the 2005 deal to sell 85 percent of Lisa Marie's interests in Elvis Presley Enterprises. "Sadly, between 2005 and 2015, nearly all of this money was gone, and Lisa Marie was left deeply in debt."

According to Forbes' report, Lisa Marie spent $39 million in four years.

Smell-ementary

Caldwell-Guthrie Elementary was evacuated last week because of a weird smell. MLGW crews investigated and found nothing out of the ordinary.

Keep the Flyer Free!

Always independent, always free (never a paywall),
the Memphis Flyer is your source for the best in local news and information.

Now we want to expand and enhance our work.
That's why we're asking you to join us as a Frequent Flyer member.

You'll get membership perks (find out more about those here) and help us continue to deliver the independent journalism you've come to expect.


Favorite

Comments

Subscribe to this thread:

Add a comment

Tags:

ADVERTISEMENT
ADVERTISEMENT

The Latest

News Blog

Mid-South Fair Announces Postponement

News Blog

235 New COVID-19 Cases Reported Thursday

Politics Beat Blog

Doubt Remains after High Court’s Ruling on Absentee Ballots

Food & Wine

My Favorite Burger …

We Recommend

Elvis Week 2020 Kicks Off August 8th

News Blog

SCHD Reports 194 New COVID-19 cases, 7 New Deaths

Beyond the Arc

Has the Bubble Popped for the Grizzlies?

ADVERTISEMENT

More by Chris Davis

Readers also liked…

ADVERTISEMENT
© 1996-2020

Contemporary Media
65 Union, 2nd Floor | Memphis, TN 38103
Visit our other sites: Memphis Magazine | Memphis Parent | Inside Memphis Business
Powered by Foundation