TV Deals

It was the third transaction to involve a "unique" group of low-power TV construction permits, given their construction deadline. And, the deal was first announced in late August. Now, Ravi Kapur has completed his acquisition of two digital mini-TV facilities from Mako Communications.

In early July, a special group of low-power television station permits were put up for sale by a Texas-based company that didn’t wish to build them by their rather unique deadline of 2023. Several buyers stepped forward, and now one of them — a 50/50 partnership between Steven Rubin and Lauren Malek, has completed its deal.

The Philip Falcone-led Sovryn Holdings has struck a deal that will see it add a digital Class A television station in a top DMA to its growing list of properties, pending FCC approval.

It is a low-powered TV station that in summer 2018 was heading to HC2 Holdings, with a $400,000 transaction proposed. Then, HC2 was a much different company, with spending under the guise of former CEO Philip Falcone. He's now at Sovryn Holdings, and that 2018 deal never came to fruition. Now, the LPTV facility has found a new buyer, and it is paying significantly less for it.

In early September, RBR+TVBR first reported on the sale of a low-power CP that doesn’t need to be built until 2023 in Boise, Idaho. The property is one of several put on the market by Corpus Christi, Tex.-based Mako Communications. And, the buyer was an entity headed by the former CEO of HC2 Holdings. Now, a second deal has been consummated between the two parties.

Ahead of a Form 314 filing with the FCC, Mike Flood has announced the consummation of a transaction that, pending regulatory approval, will make his company the largest broadcasting operation in the state of Nebraska.

Frank Copsidas has bought and sold many LPTVs. Now, he's spinning a property licensed to a town of less than 2,000 in the Deep South. The buyer? Gray Television.

In August, RBR+TVBR shared with readers the details of two "unique" low-power TV station permits that had just been sold by Mako Communications. These LPTV permits don't need to be constructed until 2023, giving the buyer a big window for getting the stations on the air. The transaction involving this LPTV-to-be pair just closed.

On July 30, RBR+TVBR first reported on agreement signed by the children of the late Ray Moran that involves the sale of a full-power TV station in Albuquerque and its associated full-power and low-power repeater stations in a transaction brokered by Kalil & Co. The buyer has now closed on the transaction.

The eastern Sierra Nevada town of Bishop, Calif., is, believe it or not, within the Los Angeles DMA. That's exactly why a TV station licensed to this little town has just been purchased by the owner of the MeTV Network and related Oldies radio brand.

The Holladay family has become well-known for their ownership of radio properties across the Deep South. Now, Bryan Holladay is signing of on an acquisition. Pending FCC approval, it will see the transfer of control of three FMs to his Meridian Media Group.

It's no secret that available broadcast TV stations are few and far between for aspiring buyers. As such, there could be some considerable interest in a low-power TV station being marketed by one veteran media broker that serves one of the biggest metropolitan areas in the Southeast U.S.

In early July, a special group of low-power television station permits were put up for sale by a Texas-based company that didn’t wish to build them by their rather unique deadline of 2023. Several buyers stepped forward. Now, the seller has found a buyer for two Construction Permits in the Monterey Bay region of California.

Kagan's Volker Moerbitz's assessment of the transactions landscape through June 30 is a striking one: the first half of 2021 registered a total deal volume that was less than the average monthly deal volume in any of the years between 2011 and 2019. If it weren't for the presence of brokers, how much worse would things have been?

Jeff Winemiller and his Lowcountry 34 Media has engaged in a series of transactions in recent months involving low-power television stations. On Thursday, he moved forward with the sale of six LPTV construction permits. The buyer? The company co-led by Pat LaPlatney and Hilton Howell Jr.