The Washington Post Co. sold a phone system.
- Share via
The company said it has agreed to sell its Florida cellular telephone operations to McCaw Communications Cos. It would not reveal the sale price, but a calculation of the price paid by McCaw for each potential subscriber indicated that it was in excess of $200 million. The sale of the Florida properties, which is expected to produce an after-tax gain of about $110 million, must be approved by the Federal Communications Commission.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
