NRJ Holdings takes a ride on the Reading with WTVE
The owners of WRNN-TV Kingston NY (part of the New York City DMA) bought WTVE-TV Reading PA (part of the Philadelphia DMA) out of...
Transactions: 9-26-11
$200M KEYE-TV Austin TX; KUTV-TV & KMYU-TV Salt Lake City (Salt Lake City, St. George UT); WLWC-TV Providence RI-New Bedford MA (New Bedford MA);...
Transactions: 9-23-11
$50K WMDF-LP/WMDF-LD Key West FL. 60% of Three Grand TV LLC from Marie Price to Leonard Slazinski. $25K escrow, balance in cash at closing....
Transactions: 9-22-11
250K KRUN-LD Olympia WA from Fiori Media Inc. (John Fiori) to Centro Familiar Cristiano (Arturo Gonzales). $10K escrow, $40K cash at closing, $200K note....
Transactions: 9-21-11
$500K WRDE-LD Salisbury-Ocean City MD (Rehoboth Beach DE) from Price Hill Television LLC (Thomas E. Michel) to Pi Omni Media LLC (Richard Scott). $350K...
TV transactions in the low power zone
Deals have arrived at the FCC spelling out the details that will send two low power television stations outright and a 60% share of...
Transactions: 9-20-11
$300K WTSD-CA Philadelphia PA from Priority Communications Ministries Inc. (Steve Hare) to Loop Media LLC (Lawrence Rogow, Paul Koplin). $15K escrow, balance in cash...
Transactions: 9-19-11
$18M KTAQ-TV Dallas-Fort Worth TX (Greenville TX) from KTAQ of Dallas LLC, related to Platinum Equity LLC (Tom Gores) to KTAQ License Company LLC,...
When Four Points cashes out of television, it really cashes out
In a standard broadcast transaction contract, assets to be sold are listed, and so are excluded assets. One of the things you will find in the excluded asset section is cash on hand. Not this time
London scores Dallas-Fort Worth TV station
Terry London’s relatively young broadcast television group currently has five full-power stations and one low-power in four Texas markets. Now it has a deal...
Transactions: 9-12-11
$784K KPBI-TV Fort Smith-Fayetteville-Springdale-Rogers AR (Eureka Springs AR) from Riverside Media LLC (Gregory Fess) to Local TV Arkansas Licenses LLC (Robert L. Lawrence et...
Sinclair acquiring seven TV stations in four markets
Cerberus Capital Management, L.P. is selling its Four Points television stations to group owner Sinclair Media. For an investment of $200M, Sinclair gets
Local TV tries to waive Arkansas TV into local duopoly
The waiver argument being pursued by Robert Lawrence and Local TV LLC is the good old, tried-and-true failed station waiver, which it hopes will...
Transactions: 9-8-11
N/A KJCS-LP Colorado Springs CO from Beta Broadcasting Inc. (Jack Connolly) to Christian Television Alliance (Chris van de Sande). Transfer of LPTV for no...
Transactions: 9-6-11
$250K KDYW-TV Waco TX from Brazos Valley Public Broadcasting Foundation (Joe Riley) to Community Television Educators of Waco Inc., related to Daystar Television Network...