“I am 78 and it is time to smell the roses.” With that, Dan Viles is selling his low-power TV station serving New York’s Capital Region and the Catskills.
Who’s the buyer and what is he earning from the sale of the facility licensed to Cobleskill, N.Y.?
The answer is Pittsburgh-based licensee Ron Bruno, who will be adding WYBN-14 to his stable of low-powered television stations.
Viles’ Cable Ad Net New York Inc. is earning $125,000 in cash, along with other consideration he declined to discuss when sharing the news with RBR+TVBR on Friday.
With Paul Feldman at Fletcher, Heald & Hildreth serving as legal counsel, “CANNY” is receiving a 10% downpayment from Bruno-led Foxwood Partners LLC.
Joan Stewart of Wiley Law served as Bruno’s legal representative to the Commission.
WYBN-14 uses a tower atop Windham Mountain to bring several digital multicast networks to the Albany-Schenectady-Troy DMA; it is also viewable in the far northern areas of the New York DMA.
