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Michigan Fox Affiliate Changing Hands

Fox affilate WFQX (ch. 33) in Cadillac/Traverse City, Mich., is changing hands from SDR Rockfleet Holdings to Cadillac Telecasting for "somewhere north of $10 million," according to a source.

Cadillac is not expecting to run the station, but instead plans to enter into a shared services agreement under which Heritage Broadcasting-owned CBS affiliate WWTV in Cadillac would operate the station.

WWTV GM Bill Kring said he thought the stations had "complementary resources."

The deal, which was brokered by Kalil & Co., is subject to FCC approval.