How Much Did The Lanes Pay For Imagicomm Spins?

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As RBR+TVBR first reported on January 16, the television broadcasting company led by Patricia and Brian Lane has struck a deal to purchase stations in two small West Coast markets from Imagicomm Communications.


How much Marquee Broadcasting is paying Imagicomm for the stations once owned by Brian Brady’s Northwest Broadcasting is the remaining question. And, based on two new FCC filings, the public may never get an answer.

 

Two FCC filings made today share just what Marquee, led on a day-to-day basis by COO Gene Steinberg, reveal that the company agreeing to purchase KIEM-3 and CBS-affiliated sibling KVIQ-17 in Eureka-Arcata, Calif.; and FOX affiliate KMVU-26 and Telemundo-aligned KFBI-48 in Medford-Ashland-Grants Pass, Ore., has blacked out all pricing details in asset purchase agreements filed with the Commission for its approval.

Kalil & Co. served as Imagicomm’s broker of record in the transaction, and it has declined to share details regarding the purchase price per the request of the parties involved in the deal.

What is known is that David Cerullo as President/CEO of Imagicomm signed off on the asset sale, and that Burt Braverman of Davis Wright Tremaine LLP in Washington, D.C., is his legal counsel in front of the Commission. Representing Marquee in this deal in front of the FCC is attorney Dan Kirkpatrick of BakerHostetler. 

Additionally, translator TV stations K26NB, K31GP, K34NO and K32LQ are included in the Southern Oregon deal.

KIEM, billed as “The Spirit of the North Coast,” is Eureka’s first TV station and dates to October 1953, when the Smullin family signed it on the air. Pollack/Belz Broadcasting owned it from 1996 through 2017. KVIQ-LD is a reborn version of what had been KVIQ-6, a property whose ownership included Miller Broadcasting, Ackerley Group and Clear Channel Communications.

KMVU was launched in August 1994 by Salmon River Communications and acquired by Brady’s group in 1998. KFBI, a digital low-power facility, was added in 2013; it signed on the air in 2006 under Sainte Partners II ownership.

Meanwhile, Imagicomm seeks a buyer for its other properties, comprised of:

  • Alexandria, La. – KLAX-31 (ABC)
  • Binghamton, N.Y. – WICZ-40 (FOX)
  • Greenville, Miss. – WABG (ABC), WABG-HD2 (FOX), WNBD (NBC), and WXVT (CBS)
  • Idaho Falls, Idaho – KPVI-6 (NBC)
  • Memphis – WHBQ-13 (FOX)
  • Spokane – KAYU-28 (FOX)
  • Syracuse – WSYT-68 (FOX)
  • Tulsa – KOKI-23 (FOX) and KMYT-41 (MyNetwork TV)
  • Yakima, WA – KFFX-11 (FOX) and simulcast partner KCYU-LD 41 in Tri-Cities, Wash.
  • Yuma, AZ – KYMA-11 (NBC)