On April 2, RBR+TVBR first shared the news that Todd Parkin, who in 2011 owned broadcast television stations in Savannah, Ga.; Youngstown, Ohio; and Topeka, Kansas; had just signed off on a second acquisition agreement — further cementing his return to media ownership. Now, that transaction which saw Kalil & Co. serve as the strategic advisor has closed.
Parkin’s Rincon Broadcasting Group on Friday completion of its acquisition of seven television stations from Imagicomm Communications and its affiliates.
The stations sold by the company that owns the INSP cable TV network led by David Cerullo include:
- KAYU-28 in Spokane
- KFFX-11 in Pendleton, Ore., and simulcast partner KCYU-LD 41 in Yakima, Wash.
- KYMA-11 in Yuma, Ariz.-El Centro, Calif.
- KOKI-23 and KMYT-41 in Tulsa
- WHBQ-13 in Memphis
Terms and the purchase price were disclosed by Kalil & Co.
In an announcement distributed by Rincon, the company said it plans for “seamless transitions to maintain local news, weather, sports coverage, and community‑focused programming across all markets.”
Parkin, who is taking the title of Rincon President, commented, “We’re incredibly excited to expand our regional broadcast footprint into the Pacific Northwest, Southwest, and Mid‑South. These stations have strong local brands and deep viewer loyalty. We look forward to pursuing innovation in broadcast television, while upholding their vital role in serving communities with trusted information.”
The news comes after Parkin earlier this month was given the FCC’s OK to complete a $29.4 million transaction with Sinclair Inc.
