Transactions: 10-19-09
$1.2M KEYU-DT, KAMT-LP/KEAT-LP/KEYU-LP Amarillo TX (Borger, Amarillo); KUWF-LP/KTWW-LP Wichita Falls TX; and KWKO-LP & KUTW-LP Waco-Temple-Bryan TX (Waco, College Station TX) from Borger Broadcasting...
Amarillo acquisition requires waiver
When the seller is bankrupt Equity Media, most stations could be considered failing by definition. That’s certainly what Midessa Broadcasting is claiming as it...
Transactions: 10-13-09
$150K KYNM-LP Albuquerque NM. 50% of Belmax Broadcasting LLC from Aphpa & Omega Communications LLC (Pat Openshaw, Max Jaramillo, Connie Whitley) (50% to 0%)...
Transactions: 10-08-09
$25K WHNE-LP Flint MI from Thomas T. Tait to Tait Broadcasting LLC (Jim Lebrato, Rick Upright, Thomas T. Tait, Robert A. Naismith). $25K cash,...
TV company buys web assets from ex-radio mogul
LIN TV is bolstering its digital assets with the purchase of RM Media. The target company used to be called Red McCombs Media after...
Transactions 9-23-09
$3M KTGF-DT Great Falls MT from Destiny Licenses LLC (Darnell Washington) to RGW Investments LLC (R. Gregory Williams.) Estimated debt forgiveness on 11/24/04 loan....
Montana TV owner succumbs to debt
We’re sure there’s some sort of destiny for the ownership of Destiny Communications, but it will not include owning a television station in Great...
Transactions: 9-21-09
$150M WPXN-TV & WPXU-LP New York NY (New York, Amityville NY); KPXN-TV Los Angeles CA (San Bernardino CA); WCPX-TV Chicago IL; WPPX-TV Philadelphia PA...
Big markets, but big problems
ION Media likes to call itself the #1 station group in terms of audience reach, and with a presence in all of the top...
New backers DIP into ION
A trio of lenders is putting up $150M in debtor-in-possession funding for the troubled ION Media Network, getting a 62.5% stake in the company...
Transactions: 9-14-09
$220M KRON-TV San Francisco-Oakland-San Jose (MNT); WKRN-TV Nashville TN (ABC); WRIC-TV Richmond VA (ABC, Petersburg VA); WTEN-TV & WCDC-TV Albany-Schenectady-Troy NY (ABC, Albany NY,...
Transactions: 9-11-09
$850K KAXT-CA San Francisco-Oakland-San Jose CA (Santa Clara-San Jose CA) from Broadland Properties Inc. (Warren L. Trumbley) to KAXT LLC (Brad Donaldson, Ravi Kapur,...
Transactions: 9-10-09
$40K WEZK-LP & WJZC-LP Knoxville TN (Knoxville, Sevierville TN) from South Central Communications Corporation (John D. Engelbrecht) to Living Faith Ministries Inc. (Michael D....
Equity Media props spin again
Valley Bank applied to take a pair of Equity Media television stations back in July, including a DT in Cheyenne and a Class A...
Transactions: 9-09-09
$9K WCBZ-LP Baton Rouge LA from Louisiana Christian Broadcasting Inc. (Michael Reed) to Community Press LLC (Lewis E. Jenkins). Cash. Buyer is picking up...