Christmas Comes Early for Gray, Schurz
DOJ clears the way for the Gray acquisition of Schurz stations to proceed.
Take Two For Meruelo and Hero For L.A.-Market CSA
Some 3 1/2 months after the Bob Behar-led Hero Licenseco backed out of a multi million-dollar deal trading its post-Spectrum Auction Channel-sharing Agreement to a fast-growing media company based in Los Angeles, it appears that the deal is back on. According to a Form 314 filing with the FCC, this "zombie station" will indeed soon become a video service sibling to such iconic radio brands as "Power 106" and KDAY.
FCC OK’s OTA Sales To HC2
An entity which pocketed hundreds of millions of dollars in the FCC’s Incentive Auction, including $72,817,599 for giving up the spectrum for a “zombie” station in the Big Apple, has just received Commission approval of a deal that sends 7 Class A TV stations in the Pittsburgh market to Philip Falcone's HC2 Station Group.
The Rumors Were True: FOX Locks Up 7 From Sinclair
Exactly five months ago, one of the world's most-respected business news organizations reported that Sinclair Broadcast Group would "soon" be making a Form 314 filing with the FCC that would see the transfer of control of "about 10 stations" to 21st Century FOX. They were mostly correct: A deal has finally been struck, and seven TV stations are trading hands.
Nexstar’s Quiet Hawaiian Duopoly Play
One year ago, an independent TV station seen across the Aloha State made headlines for its "David vs. Goliath" fight versus AT&T's DirecTV. This station has had a shared services agreement with Raycom Media, a dominant entity that owns the CBS and NBC affiliates serving Hawaii. That's about to end: K5 and the FOX affiliate are soon to be siblings.
Life. Changing. Transaction: A Texarkana TV Station Is Sold
For television viewers in the Texarkana, Ark./Tex., market, a Class A digital TV station has provided "life-changing" non-secular programming for several years. Now, the future of this property is in question thanks to its sale.
Roseland Grabs A Trio Of LPTV CPs
Three unbuilt construction permits for low-power TV stations in Illinois, New Mexico and North Dakota, respectively, are being purchased by Roseland. OK, so most New Yorkers may only know the former Roseland Ballroom on 52nd Street. One Gothamate knows of another, and it's a Vice President at HC2 — the entity selling the facilities.
Mako Completes Sale of Monterey Bay LPTV Permits
In early July, a special group of low-power television station permits were put up for sale by a Texas-based company that didn’t wish to build them by their rather unique deadline of 2023. Several buyers stepped forward, and now one of them — a 50/50 partnership between Steven Rubin and Lauren Malek, has completed its deal.
Several LPTVs Are Spun By King Forward. Most Are Going to Castelli
King Forward Inc. in recent months has been the seller of low-powered TV stations across the South. Now, the licensee is at it again. The company led by John Kyle II is selling four properties in the region, and two in the Hoosier State. There's also a California LPTV in the mix.
NewsNet Grabs A Salt Lake City Property
Vince Bodiford and his team at the over-the-air all-news digital multicast channel funded and backed by the creator of 5-hour ENERGY has signed off on paperwork that, pending FCC approval, will give it an owned-and-operated property along the Wasatch Front.
Daystar grabs a big chunk of Equity
Marcus Lamb’s Word of God Fellowship, which operates the Daystar Television Network, definitely had its cart full at the end of the recent bankruptcy...
Red Rock Sell-Off Continues In Minnesota
In the final months of 2016, Red Rock Radio Corp., started the process of liquidating its assets. By Dec. 1, 16 of the company’s 20 radio stations were sold and awaited closing. Now, another two stations have been sold by Red Rock, with Kalil & Co. serving as the their broker representative. This is the lead deal in RBR + TVBR’s TRANSACTIONS TODAY for Thursday, April 20.
A Silent San Antonio Stick Set For Rebirth
A full-power VHF station licensed to Del Rio, Texas that fell silent in May 2016 will soon be resuscitated and brought back to life — under new ownership. The facility has just been sold to a pair of individuals very familiar with Spanish-language television, which is a big part of this station's most recent past. Kalil & Co. represented the buyers as the broker in this deal.
Access.1 Says No More On Jersey Shore
Fifteen years ago, a media company primarily known for its radio holdings and its leadership by an African-American woman attracted the industry's attention. Today, this company no longer owns radio stations ... and has just shed its last two owned and operated broadcast holdings. Those properties are low-powered TV stations in the Garden State.
With Rule Change, Nexstar Goes For An Alabama Duopoly
Some 75 miles to the west of Huntsville, Ala., are the cities of Florence and Muscle Shoals. It is here that an affiliate of The CW Network has made headlines throughout 2018 for its inaccessibility to DISH subscribers in the Huntsville DMA for the last six months. Now, it is in the news because of an ownership change. The buyer? Nexstar Media Group.