Journal Broadcast Group agreed to sell KFTI(FM) Wichita,...

Journal Broadcast Group agreed to sell KFTI(FM) Wichita, Kansas, to Envision Broadcast Network, Journal said in a news release Friday (http://bit.ly/1ng8S37). Journal Broadcast has to divest an FM station in Wichita in connection with its proposed sale of TV and radio stations to E.W. Scripps “to comply with the FCC’s ownership limits,” the release said. The deal also involves spinning off and merging both companies’ newspaper operations to form Journal Media Group, the release said. The FTC terminated the federally required waiting period for that deal in September, according to Thursday’s Federal Register (http://1.usa.gov/1s0tHyH). That means the deal is only awaiting FCC approval to be completed. The transaction is expected to close in 2015, the release said.