COMPANY TOWN ANNEX

* Newspaper publisher Pulitzer Publishing Co. said it will sell nine TV and five radio stations for $1.15 billion in stock to Hearst-Argyle Television Inc. Pulitzer would rename its operation, which includes the St. Louis Post-Dispatch and the Arizona Daily Star in Tucson, Pulitzer Inc.

* NBC plans to sell its one-third stake in the Court TV cable network to partners Time Warner Inc. and Liberty Media Corp., for about $70 million in cash, sources told Bloomberg News. The companies declined to disclose financial terms.

* CBS Corp. agreed to sell its Westinghouse process-control unit to St. Louis-based Emerson Electric Co. for $265 million, as the company sheds its remaining industrial businesses to focus on radio and television.

* Baltimore-based Sinclair Broadcast Group said it is selling Los Angeles radio station KBLA-AM for $21 million in cash to Radio Unica Corp., a Miami-based Spanish-language broadcaster.