TV Deals

Edge Spectrum has agreed to acquire 196 television station licenses and construction permits in a deal with EICB-TV and Grace Worship Center valued at $72 million. This involves a promissory note that will cover the entire value of a deal that was originally struck 364 days ago.

Educational Media Foundation is at it again: It's purchased yet another FM, and this time it is a silent facility serving a region of inland Southern California sandwiched between Riverside and San Diego. It's our top deal in RBR+TVBR's TRANSACTIONS TODAY for Oct. 17, 2017.

Gray Television executives are likely displaying a sunny disposition across its Brookhaven headquarters office in northeast Atlanta. The owner of 100+ broadcast TV stations has agreed to acquire a full-power TV station in a market covering a big portion of North Dakota and Minnesota. This deal, if approved, would give Gray control of the MyNetwork TV affiliate, in addition to the DMA's NBC and CBS affiliates. Representing the seller as the broker in this transaction is Kalil & Co. 

In mid-March, Cox Media Group President Kim Guthrie told RBR+TVBR that talk of the company selling off nearly all of its radio stations was unfounded. It turns out that the chatter focused on the wrong media: Cox has confirmed that it "will explore strategic options" for its 14 TV stations, including partnering or merging the stations into a larger company.

In November 2017, the FCC in a 3-2 vote eliminated its cross-ownership rules for newspaper and broadcast media and for radio and TV, respectively. The “Eight-Voices Test” was also erased. Now, one of the biggest TV deals to come since that vote has just been consummated.

It's a station that maintains a post-spectrum auction repack channel sharing agreement with the market's Azteca América affiliate and a facility recently taken over by New York-based RNN. And, this San Francisco Bay Area facility has just been sold by NRJ TV, which scored a multi-million payday by giving up this facility's own spectrum.

In a transaction that saw Kalil & Co. as the exclusive broker, a CBS affiliate serving Meridian, Miss., is being spun. The new owner is headed by Dr. Michael Hogan.

A small broadcaster with TV stations in its home market of Salisbury-Ocean City, Md.; and four other markets has just agreed to acquire a CP for a low-power television station in one of those markets — a move that bolsters its presence there. It's a deal brokered by Bob Heymann of Media Services Group.

John Kyle and his King Forward Inc. has been a busy trader of low-power television stations in recent months. On August 29, the latest deal to involve Kyle — this time as a consultant — was struck. It's a deal that sends a LPTV property to Gray Television.

The Four Corners Region has long relied on broadcast signals from two Colorado cities and Farmington, N. Mex., and among the radio stations in these cities are nine properties. Pending FCC approval, they'll be former stations owned by American General Media. And, we know how much AGM is earning from the sale.

In a transaction brokered by Kalil & Co., the NBC affiliate serving the Redwood Coast some 4 1/2 hours north of San Francisco is trading hands. The buyer owns the crosstown CBS affiliate, and that's now on the market.

Terry Crosby and Randy Nonberg have been actively seeking to build a new TV station serving Bay Area consumers. Now, the principals in Poquito Más Communications LLC are one step closer to making that happen on a much grander level. That's because an entity controlled by Nonberg and affiliated with Poquito Más has just captured a "zombie" station that's emerged from the FCC's Incentive Auction. The deal saw Kalil & Co. represent the seller and serve as escrow agent.

On February 13, RBR+TVBR's TRANSACTIONS TODAY reported on the acquisition of three full-power and two LPTV stations in Wyoming from Mark III Media. The purchase contract contains a requirement that Gray divest that station’s license to a third party promptly, and Gray said it would donate this station’s license to a non-profit entity. That's just happened, with the property going directly from Mark III to an institution of higher learning.