As readers of RBR+TVBR have gotten to know over the last year, the man who made his money as the inventor of the 5-Hour Energy product has been in the fast lane when it comes to low-power TV station transactions. With Vince Bodiford as CEO, the Manoj Bhargava-bankrolled Bridge News LLC has been converting leased digital multicast arrangements to owned-and-operated facilities for its NewsNet 24/7 over-the-channel modeled after CNN Headline News’ original model.
Now, Bhargava is making it known that he has acquired “major stakes” in two of the radio broadcasting industry’s largest companies.