NBC sells KWHY, Channel 22

Buyer of the Spanish-language station is L.A. investor Alex Meruelo, who usually focuses on real estate, construction and financial services. Terms were not disclosed; the station was bought by Telemundo in 2001 for $239 million (NBC bought Telemundo the following year). After the sale is completed, KWHY will no longer share employees with NBC's two other L.A. stations, KNBC and Telemundo affiliate KVEA (critics called the arrangement "co-mingling"). The station has been around, in some fashion or form, since 1954. Its greatest claim to fame came in the 1980s when it became a business news channel for part of the day (remember the ticker tape running at the bottom of the screen?). Later, KWHY switched over to ethnic programming. No word yet on what Meruelo plans to do. Here's the Broadcasting & Cable story.