Another compendium of broadcast closings
The number of station transaction proposals being filed with the FCC seems to have picked up this year, and on the other end keys and cash are being exchanged. Here are notes on a few deals that have made it to the finish line.
Journal spins out of Palm Springs
$17M KMIR-TV/KPSE-LP Palm Springs CA from Journal Broadcast Corporation () to OTA Broadcasting (PSP) LLC (William Tolpegin et al). $1.7M escrow, balance in cash...
Yellowstone goes to Gray
Gray Television group has a deal to expand into three small western DMAs, acquiring three full power signals and one low power.
Another Class A move by Locuspoint
$1.4M WBNF-CD Buffalo NY from Faith Broadcasting Network Inc. (Michael J. Daly) to Locuspoint WBNF Licensee LLC (William deKay, Ravi Potharlanka et al). $10K...
Schurz expands into Rapid City
Citing the difficulty of operating a TV standalone in the modern communications marketplace, Duhamel Broadcasting Enterprises has accepted an offer from Schurz Communications to acquire its Rapid City SD ABC affiliated KOTA-TV and three satellites.
Mission: Move into Binghamton
$15.25M WICZ-TV/WBPN-LP Binghamton NY from Stainless Broadcasting LP (Brian W. Brady) to Mission Broadcasting Inc. (Nancie J.Smith, Dennis P. Thatcher)., $150K escrow, balance in...
Cowles collars Montana TV group
$21.5M KULR-TV Billings MT; KTMF-TV & KTMF-LD Missoula MT (Missoula, Kalispell MT); KWYB-TV Butte MT; KWYB-LD Bozeman MT; KFBB-TV Great Falls MT; and KHBB-TV...
Details on three Nexstar deals
$35.5M WOI-DT Des Moines IA (Ames IA) from Capital Communications Company Inc., related to Citadel Communications Company LP (Philip J. Lombardo) to Nexstar Broadcasting...
Sinclair/New Age sidecar deals
$4.184M WTLH-TV Tallahassee FL (Bainbridge GA) from New Age Media of Tallahassee LLC (John Parente) to Tallahassee (WTLH-TV) Licensee Inc., a subsidiary of Cunningham...
Details on New Age/Sinclair deal
$90M WOLF-TV, WQMY-TV & WSWB-TV Wilkes Barre-Scranton PA (Hazleton, Williamsport, Scranton PA); WTLF-TV & WTLH-TV Tallahassee FL (Tallahassee FL, Bainbridge GA); and WNBW-DT, WGFL-TV...
Family Stations spins Chico Class A
$100K KKPM-CD Chico CA from Family Stations Inc. (Thomas Evans) to One Ministries Inc. (Keith Leitch et al). Cash.
Looking under the hood of Sinclair/New Age deal
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.
Prather resurfaces in upstate New York
Long time Gray Television executive Bob Prather exited the company without explanation during the summer, but now his name has come up as the principal executive of Heartland Media, proposed buyer of WKTV-TV Utica NY.
Max Media hanging around for windfall after sale
Eugene Loving’s Max Media may be giving its Montana television station group a fond farewell kiss, but it
Done deals: Television edition
Deals are announced, deals submit to regulatory review and if the review results in the grant of the transaction, the parties get together one final time to seal the deal. Here are some television deals that have recently made it all the way to the finish line.