Local 10 sale deal approved by FCC

WPLG to be owned by Warren Buffett's Berkshire Hathway

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PEMBROKE PARK, Fla. - Local 10 moved one step closer to new ownership on Friday.

The FCC officially approved the deal that will allow Graham Holdings to sell the station to Warren Buffett's Berkshire Hathaway company.

With the approval, the companies will spend the next few days finalizing the deal with completion expected to take place sometime in the near future.

The sale, announced in March, is part of a complicated stock swap between the two companies.

WPLG has been part of Graham Holdings since 1969 when the Graham family purchased the station to become part of Post-Newsweek Stations.

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