Allen Media Group has hired the investment bank Moelis to market the 28 local stations it owns in an effort to reduce its debt.

Street Talk understands Mike Murphy’s Bain Capital has lobbed a first-round bid for the $500 million unit less than a month after it pulled out of the race for Insignia.

These 9 hit ABC, NBC, FOX and CW shows all remain in limbo and there's a good chance we might never see many of them again.