A bankruptcy deal is allowing Ted Bartley and Robert Andrews to add to their growing stockpile of television stations. The latest deal will bring in full power stations in Los Angeles and Honolulu and an LPTV serving the San Diego DMA.
The seller is International Media Group, headed by Dennis Davis.
The stations include:
KSCI-TV Long Beach, serving Los Angeles
KIKU-TV Honolulu HI
KUAN-LP Poway CA, serving San Diego
The price, in the form of a credit bid, is $45M.
The stations provide foreign language programming with an emphasis on Asian languages.
NRJ stakeholders include: NRJ Holdings (Ted Bartley, Sharon Bartley and others); 5 Star Spectrum LLC (J. Daniel Sullivan, U. Bertram Ellis Jr., Janet Schoff, David Pulido and James V. Sandry); and Drumcree LLC (W. Lawrence Patrick, Susan Patrick).
It recently filed a $3.5M deal to acquire W50DZ Trenton NJ (Philadephia) and a $12M deal to acquire WSAH-TV Bridgeport CT (New York). It also owns WTVG-TV Reading PA (also Philadelphia), KCNS-TV San Francisco and WMFP-TV Lawrence MA (Boston).