The buyer appears to be investment firm Hudson Capital, which acquired the Sunset-Gower Studios in Hollywood a while back (and whose managing partner, Victor Coleman, is the former number two man at Arden Realty). The LAT's Roger Vincent reports that the sale by Tribune Co. is not quite done. No price mentioned, but this summer's credit crunch has probably lowered the number. Tribune has been looking to unload the Hollywood property before going private at the end of the year. Even after the sale, KTLA would stay on as a tenant.
KTLA occupies the prominent Colonial-style mansion facing Sunset that was built by Warner Bros. in 1919. Television shows filmed at Tribune's production facilities on the property -- but separate from KTLA -- include "Judge Judy," "Judge Joe Brown" and "Hannah Montana."