Indianapolis…Emmis Communications Corporation (NASDAQ: EMMS) today announced that the company has completed the sale of four of its television stations to the Montecito Broadcast Group, LLC (an affiliate of the Blackstone Group) for $259 million. The purchase covers KOIN-TV (Ch. 6, CBS affiliate) in Portland, Ore.; KHON-TV (Ch. 2, Fox affiliate) in Honolulu, KSNW-TV (Ch. […]