Money

LocusPoint Sells TV Duo After Getting No Auction Bids

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.

Univision Adds In Austin

One of the nation's largest media companies serving Hispanic consumers has added a UHF property set to shift channels as part of the FCC's post-Incentive Auction repack process. It's in Texas' state capital, where this company enjoys already owns two TV stations — along with a pair of FMs. Kalil & Co. served as the exclusive broker in this transaction.
Philip Falcone

HC2 Makes A Prime Time Move In Philly DMA

Halfway between the Walt Whitman Bridge and the Steel Pier alongside the Atlantic City Boardwalk is the town of Hammonton, New Jersey. It is here where a digital Class A TV station is being sold. This station debuted 32 years ago and in recent years has focused on the Spanish-speaking audience found in the Vineland, N.J. area in addition to across the Delaware Valley and Southern New Jersey. Now, this station is being sold. The buyer? Philip Falcone's HC2 Station Group.

A Big Player Goes For Maine Market Duopoly

In April, Ironwood Communications closed on the sale of a full-power UHF facility licensed to Lewiston, Maine, to ION Media Networks. Ironwood is in a selling mood once again and it selling an affiliate of The CW that carries MeTV and MyNetworkTV programming on its digital subchannels. The buyer is already in the market, which would create a newly permitted duopoly.
Philip Falcone

Asset Switch Yields Huge Profit For Carolina Operator

Eight weeks ago, RBR+TVBR told you about the transfer of a 117-watt low-power TV station serving a South Carolina market. George Kimble of Kozacko Media Services was the exclusive broker. Now, that buyer is selling a sister property — and making millions of dollars in profit.
Ravi Kapur

Ravi Kapur’s Major Market SoCal Snag

Ravi Kapur has gained notice as the owner of a television broadcasting company that began with a low-power digital facility atop Chicago's Willis Tower and in January 2015 officially took control of KRDK-4, the former KXJB, in Fargo, N.D. Now, Kapur's Major Market Broadcasting is growing again. The seller? A 93-year-old L.A. radio station owner.
Ravi Kapur

Ravi Kapur Adds Florida LPTV Pair

A Bay Area entrepreneur who once appeared on-camera at KGO-7 in San Francisco has been an active buyer of late of low-power TV stations across the U.S. He's at it again. Ravi Kapur has just snagged a pair of LPTVs serving two of the Sunshine State's biggest markets. 

A Magnum Expansion In the Conch Republic

Michael Stapleford-run Magnum Broadcasting has agreed to buy a low-power television station serving Key West, Fla. — a sign that he wishes to operate a multimedia business serving the Florida Keys.

Gray’s LPTV Stable Grows Again

Gray Television is a big believer in low-power TV stations, using them in various ways as NEXTGEN TV's voluntary rollout promises new nontraditional ways to make money while delivering better quality picture and sound to consumers. In its home state, Gray is grabbing another LPTV property.
Erick Salgado

Erick Salgado Adds A Longtime LMA Partner In Suburban N.Y.

Five years ago, the parent of Polskie Radio said goodbye to New York's Long Island by engineering a deal with a broadcast ministry led by Erick Salgado. Today, the two licensees have agreed to another deal.
Democrat and Republican

Max Media hanging around for windfall after sale

Eugene Loving’s Max Media may be giving its Montana television station group a fond farewell kiss, but it

A Deal Craters In Southwest Alabama

In January 2007, WNKU Radio Inc. filed a Form 314 application with the FCC to acquire a Class A FM station serving a rural corner of southwestern Alabama. The Commission gave its nod on March 3, but more than a decade later it has been found unable to pay a sizable amount due to the seller. As a result, it is relinquishing the facility, and it's the top deal in RBR+TVBR's TRANSACTIONS TODAY.
Virginia Flag

Noncomm Operators Merge In Old Dominion

Two public broadcasting entities in the state of Virginia are combining operations. That's the lead item up for discussion in RBR+TVBR's TRANSACTIONS TODAY for Nov. 20, 2017, which also sees the donation of a former FOX affiliate in an area known for its potatoes.

Lubbock’s Home For The CW Shifts Owners

A full-power TV station serving the city of Lubbock, Texas has just been sold. As a result, the CW Network affiliate for this Lone Star market will soon be in the hands of a crosstown company the owner already enjoys a relationship with. It's a transaction that could be the result of relaxed FCC ownership restrictions recently approved by the Ajit Pai-led Commission.

Gray’s Legacy Grows In Nebraska

In August 2014, then-FCC Chairman Tom Wheeler applauded a deal, crafted with the assistance of the MMTC, that saw Gray Television sell several stations to qualified minority and/or women-owned companies. One of these stations is now being reacquired by Gray, thanks to a loosening of local TV ownership rules carried out by the Republican-majority Commission under Chairman Ajit Pai.