In a transaction that sees Greg Guy of Patrick Communications serve as the broker, the parent company of the MeTV Network is adding a Class A low-power television station in Cleveland to its roster of owned properties.
A shift to that network from the facility’s current programming is expected.
An agreement dated March 10 has been filed with the FCC that seeks its approval of the sale of W27EA-D in Cleveland.
The seller is Media-Com Television, an Akron-based operation led by Bill Klaus.
The buyer is Norman Shapiro‘s Weigel Broadcasting, through its Wisconsin-based TV-49 Inc. licensee.
The transaction is valued at $2.2 million, and a $110,000 earnest money deposit is being held by Patrick; the brokerage represented the seller in this transaction.
Weigel’s legal counsel for this deal is Matt DelNero of Covington & Burling LLP.
W27EA-D has been on the air since May 1996 and has aired the Retro tv network since 2009. It’s been a sibling to WNIR-FM, a Talk station serving Akron that Media-Com will continue to own and operate. The Klaus family has owned WNIR since 1972.
