Area broadcaster to buy Fort Myers Fox affiliate for $40M

A Southwest Florida TV and radio station firm, Sun Broadcasting, has agreed to a deal to acquire the Fox affiliate in Fort Myers for $40 million. 

Sun is buying the station, WFTX from the E.W. Scripps Co., according to a statement. Scripps anticipates closing the transaction in the fourth quarter, following receipt of regulatory and other customary approvals. The transaction does not require relief from any of the current rules governing television station ownership, the company adds. 

Sun Broadcasting lists nine radio and TV stations in its portfolio on its website. The list includes Fly 98.5; Fox Sports Radio; and WXCW-TV.