Complex sentence: On January 4,2007, the New York Times announced it had reached an agreement to sell all of its television stations to private equity firm Oak Hill Capital, closing the sale and renaming its television-station group Local TV on May 7,2007.
Split into simpler sentences: On January 4,2007, the New York Times announced it had reached an agreement to sell all of its television stations to private equity firm Oak Hill Capital. It closed the sale and renamed its television-station group Local TV on May 7,2007.