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Lorimar-Telepictures will buy two TV stations.

July 16, 1986

The Culver City-based entertainment company said it plans to buy WPGH-TV, an independent UHF station in Pittsburgh, for $35 million in cash from Meredith Corp. Lorimar-Telepictures said it also agreed in principle to acquire Indianapolis TV station WTTV, an independent VHF station, from Tel-Am Corp. for the assumption of all outstanding debt of about $85 million and "other considerations" worth less than $1 million. If the deals and other pending acquisitions are completed, Lorimar-Telepictures will own 13 TV stations and must sell one in order to comply with FCC rules, a company spokeswoman said.

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