One of the nation's leading media companies serving Spanish-language consumers has scored a Class A television station in Central Florida. It's unclear how the company plans to use the facility, as its owns one property there but sees it and another property its linked to operated by Entravision Communications via an LMA agreement.
Two FM construction permits in Northwest Texas are set to get their kicks with Route 66 ... Route 66 Media, that is. That's the company that's set to take over the unbuilt stations, and it's the top deal in RBR + TVBR's TRANSACTIONS TODAY for Monday, May 1.
Two Class A TV stations that got no takers in the just-concluded spectrum auction have just been sold. In both deals, Kalil & Co. acted as the escrow agent and the buyer's broker, while Patrick Communications represented the seller.
Edge Spectrum has agreed to acquire 196 television station licenses and construction permits in a deal with EICB-TV and Grace Worship Center valued at $72 million. This involves a promissory note that will cover the entire value of a deal that was originally struck 364 days ago.
In the final months of 2016, Red Rock Radio Corp., started the process of liquidating its assets. By Dec. 1, 16 of the company’s 20 radio stations were sold and awaited closing. Now, another two stations have been sold by Red Rock, with Kalil & Co. serving as the their broker representative. This is the lead deal in RBR + TVBR’s TRANSACTIONS TODAY for Thursday, April 20.
A contract has been signed and an application is being filed with the FCC for the transfer of a television station in Bowling Green, Ky., to Marquee Broadcasting Kentucky. Kalil & Co., Inc. is the exclusive broker for this transaction.
South of the Pittsburgh area is the Monongahela River Valley – known to locals as the “Mon Valley.” That’s where an AM-FM combo is being sold from the estate of the late Stanley Wall. The buyer owns 6 commercial stations and 1 noncommercial FM in the Keystone State. Meanwhile, a familiar Arkansas-based media figure has engaged in a plan to rescue a group of financially distressed low-power TV stations in three markets across the state. These are the deals in detail in RBR + TVBR’s TRANSACTIONS TODAY for April 3, 2017.
The FCC late Thursday released its procedures for submitting financial information required for the disbursement of incentive payment and reimbursement payments after Wednesday's of the Spectrum Auction, and it's a 109-section document full of details on what to do. Here are some of the key highlights on what your TV stations may need to do.
The $3.2 million acquisition of some 60 LPTV stations and 10 LPTV construction permits by Edge Spectrum -- a.k.a. EICB-TV NET -- from a religious non-commercial broadcaster has officially moved forward, following a delay requested by the buyer.
In October 2016, Three Angels Broadcasting agreed to sell a group of television stations to EICB-TV for the purchase price of $3.2 million. This broker-free deal involved the transfer of roughly 70 stations, and it is now known that EICB requested more time, to get its finances in order.
Two full-service television stations and a low-power TV station are being dealt from one not-for-profit entity to another. Two of the properties are in the Volunteer State, while the third is based in Des Moines.
Entercom's CEO has revealed what will happen to Baja California-based XHAS-33 once Telemundo programming moves in July
This deal would give the company a "duopoly" situation, as it already owns the CBS affiliate in this big Southern market
The Wireless Telecommunications Bureau is waiving the Reverse Auction's quiet-period rules
Programming is not expected to change at the facility, which had been the market’s MundoFox affiliate until late 2014