Down East TV headed for new owner

By on Mar, 7 2012 with Comments 0

WPXT-DT brings The CW into the Portland-Auburn ME DMA, as well as Me-TV on a digital side channel. Once part of the ill-fated Pegasus group, it was bought in a group deal by New Age Media, and is now moving again to a new owner.

The buyer is Tyche Broadcasting Inc., headed by Frank Copsidea. The seller is headed by John Parente.

The price is a modest $75K, all of which will change hands by closing time.

The station is licensed to broadcast on digital channel 43, but prefers a virtual home on channel 51 for MVPD slotting.

The station came to New Age along with many others in a bankruptcy transaction memorialized in an 8/7/06 contract,

It is said to have been in a JSA with MPS Media’s WPME-DT of Portland, which carries MNT programming. The WPXT contract notes that WPME is also going to be on the move, but nothing has as yet been filed with the FCC.

 

Filed Under Broadcast News TV Deals

About The Author: RBR-TVBR has been reporting on the business of broadcasting for nearly three decades. Beholden to no one, it is independently owned.

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