Meruelo Doubles Down On TV In SoCal

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Some six years after acquiring its first television station, The Meruelo Group has just agreed to purchase its second broadcast property. And, it’s a bit of a bargain, as it’s paying just $10 million for assets tied to a station within the Los Angeles DMA. What’s perhaps most notable about this deal is that it’s the first to involve a post-spectrum auction transfer of control of a channel-sharing agreement. Here are the details in how Bob Behar‘s Miami-based Hero Licenseco is exiting Southern California, pocketing millions with the decision. 

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