A contract has been signed and an application is being filed with the FCC for the transfer of a television station in Bowling Green, Ky., to Marquee Broadcasting Kentucky. Kalil & Co., Inc. is the exclusive broker for this transaction.
South of the Pittsburgh area is the Monongahela River Valley – known to locals as the “Mon Valley.” That’s where an AM-FM combo is being sold from the estate of the late Stanley Wall. The buyer owns 6 commercial stations and 1 noncommercial FM in the Keystone State. Meanwhile, a familiar Arkansas-based media figure has engaged in a plan to rescue a group of financially distressed low-power TV stations in three markets across the state. These are the deals in detail in RBR + TVBR’s TRANSACTIONS TODAY for April 3, 2017.
The FCC late Thursday released its procedures for submitting financial information required for the disbursement of incentive payment and reimbursement payments after Wednesday's of the Spectrum Auction, and it's a 109-section document full of details on what to do. Here are some of the key highlights on what your TV stations may need to do.
The $3.2 million acquisition of some 60 LPTV stations and 10 LPTV construction permits by Edge Spectrum -- a.k.a. EICB-TV NET -- from a religious non-commercial broadcaster has officially moved forward, following a delay requested by the buyer.
In October 2016, Three Angels Broadcasting agreed to sell a group of television stations to EICB-TV for the purchase price of $3.2 million. This broker-free deal involved the transfer of roughly 70 stations, and it is now known that EICB requested more time, to get its finances in order.
Two full-service television stations and a low-power TV station are being dealt from one not-for-profit entity to another. Two of the properties are in the Volunteer State, while the third is based in Des Moines.
Entercom's CEO has revealed what will happen to Baja California-based XHAS-33 once Telemundo programming moves in July
This deal would give the company a "duopoly" situation, as it already owns the CBS affiliate in this big Southern market
The Wireless Telecommunications Bureau is waiving the Reverse Auction's quiet-period rules
Programming is not expected to change at the facility, which had been the market’s MundoFox affiliate until late 2014
Two low-power television stations in the Midwest have been sold to a Maryland-based broadcaster
DISH will give EchoStar an 80% financial interest in Hughes Retail Group, held in the form of a tracking stock
Also in Transactions Today: An Idaho TV pair sell for below their asking price
A future low-power TV station in Louisiana has been sold in a transaction that gives the broadcast property to a locally based entity.
We can easily conclude that this year was relatively slow, with only a few large deals. What does 2017 foretell?