TV Deals

A full-power TV station and its low-power simulcast partner, properties once owned by Equity Media, have traded hands. The new owner is already in control of the pair, which are airing Christian-themed programming in the Rocky Mountain region's biggest DMA. Closing has transpired, with Kalil & Co. representing the seller in this transaction.

There is no reason to invest in low power television as things stand unless

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.

A Delmarva translator is going to the owner of two Ocean City, Md., stations in another silent day for deals

With ATSC 3.0 bringing Broadcast Internet and NEXTGEN TV opportunities, the company led in tandem by Hilton Howell Jr. and Pat LaPlatney has actively been seeking to secure full-DMA over-the-air coverage of its stations through these LPTV deals. The FCC has two more transactions it will need to approve.

Score another one for Philip Falcone's HC2 Station Group. In an asset purchase agreement filed with the Commission on Friday, HC2 is acquiring yet another low-power TV station. This time, it is snagging a Class A facility that just happens to be in one of the nation's biggest revenue markets. Also in TRANSACTIONS TODAY: CNZ Communications completes a Texas TV buy involving both Kalil & Co. and Patrick Communications.

TV station in western Virginia (as opposed to West Virginia) sold out of receivership.

A low-power Iowa TV station operated by Bahakel Communications via a Shared Services Agreement with a company that assumed would be its new owner is heading back to the company that intended to sell it due to "problems" it suffered. Instead, a Georgia LPTV is being assigned.

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.