OKLAHOMA CITY (AP) — A nonprofit foundation established to support the Oklahoma Educational Television Authority network has agreed to dissolve and hand over millions in assets to a replacement organization.

OETA and OETA Foundation, Inc. announced the agreement in a joint statement Wednesday.

"OETA is glad that the situation has been resolved and it can continue its obligation to provide quality public television to the citizens of the nation and the state of Oklahoma," said Michael Burrage, OETA's attorney.

The foundation must hand over more than $1.6 million to OETA by noon Friday. The foun...