TV Deals

The transaction between Sinclair and New Age Media will move eight stations in three Nielsen DMAs – involving a significant but not huge amount of broadcast real estate. But it ultimately involves not two but five companies.

In a transaction that the company says will be "highly accretive" to its operating results immediately after a Q4 closing, Nexstar Media Group is acquiring the non-spectrum operating assets of the CW affiliate serving DMA No. 52. It's a nice bonus payday for the seller, which had no pre-Auction CSA but gained one ahead of relinquishing this station's spectrum for a winning bid of $125,932,367.

OTA Broadcasting was one of the big winners in the FCC's Incentive Auction, pocketing hundreds of millions of dollars for giving up the spectrum for eight Class A TV stations and two full-power facilities. But, OTA didn't get bids on all of its properties in Auction 1000, and it has now agreed to three separate deals involving a total of 7 Class A TV stations—and one hedge fund that's swooped in to claim them all.

In the Hawaiian islands, KWHE-14 in Honolulu is known for its "ohana" television offerings. Found on Oceanic Spectrum and Hawaiian Telecom systems across the state, KWHE is known for its mix of classic syndicated family-oriented sitcoms and a slate of religious and ministry programming, including The Dr. Sumrall Teaching Series. Could changes be on the way for KWHE? No. But, there may be some changes at a simulcast partner based on the island of Maui, which is being sold by KWHE's parent.

August has ended with a whimper for RBR+TVBR's TRANSACTIONS TODAY, with just two deals involving Low Power TV stations to discuss. One is in Arizona. The other is in one of America's most popular destinations for outdoor enthusiasts.

A low-power TV station serving a picturesque region of Northern Arizona that includes Sedona and Jerome is being sold. It's the lone deal on a quiet Wednesday for transactions as one big group of brokers holds meetings at NATPE Miami with potential buyers and sellers.

A dissident investor in HC2 Holdings successfully lobbied for his ouster as CEO. Now, less than a year after his exit, he's reemerged as the head of a new entity that is agreeing to purchase two low-power TV stations serving Los Angeles.

It's no secret that available broadcast TV stations are few and far between for aspiring buyers. As such, there could be some considerable interest in a low-power TV station being marketed by one veteran media broker that serves one of the biggest metropolitan areas in the Southeast U.S.

In February 2018, the founder of Lubbock-based radio and TV station owner Ramar Communications passed away. Today, his family continues to run Ramar, and it's growing — it is purchasing a future low-power TV station in the market from a company blessed with a unique set of construction permits.

It's a Fargo-based media company that owns WDAY-AM, flagship TV property WDAY-6 and The Forum newspaper serving this South Dakota city and neighboring Moorhead, Minn. Now, Forum Communications is growing by agreeing to a deal brokered by Kalil & Co.

A proposed transaction that saw the arrival of a new licensee for a low-power television station in the Lone Star State was cancelled by the FCC. On Wednesday, new information was brought to RBR+TVBR's attention as to the circumstances leading to the Commission's decision.

Florida digital TV station sells for $82M.

RBR+TVBR has confirmed that a close partner of Sinclair Broadcast Group has agreed to purchase an unaffiliated UHF station in Dallas that failed to fetch any bids in the FCC's recent Spectrum Auction. The seller of this station now exits TV ownership for good, after previously selling all of its stations to the company now known as TEGNA. Kalil & Co. represented the seller in this TV deal.

Terry Crosby and Randy Nonberg are widely known in the TV industry for their longtime involvement in Hispanic media. Now, the one-time Chairman/CEO and President/COO, respectively, of the former Una Vez Más broadcasting company have opted to sell four TV stations -- including two it acquired in August 2013 from a subsidiary of Viacom. The buyer has emerged in recent weeks as a major player in Hispanic media.

The CW affiliate serving the Duluth, Minn., market, is trading hands. The news comes as the station has been yanked by DISH Network -- a move that's the result of yet another retransmission fee dispute between station owner and a DBS provider.