New York Broadband LLC proposed to acquire KQHO-LD Houston in a deal filed with the FCC 8/5/13. According to brokerage Kalil and Co., the deal has arrived at the finish line.
The seller was LMO Christian Media Inc., headed by Jesse R. Gonzalez Cantu.
The buyer is headed by Charles M. Naumer.
The price: $900K cash.
According to Kalil, in addition to its new Houston station, the buyer is active in New York, Richmond, Dallas-Fort Worth, Miami, Tampa-St. Petersburg, San Francisco and Atlanta.
What does this mean? Not clear on what the buyer is doing with KQHO. What is a broadband company doing with a TV station?
Hi, John — the fact is that this company, regardless of its name, owns quite a few television properties. It’s possible they are thinking about participating in the incentive auction, although according to the FCC database this station is not a Class A and at this point, it would not be eligible to participate. It’s entirely possible they bought it as a going concern, but there are also people out there trying to get a definitive statement on the status of LPTVs going into the auction. So we’ll have to watch for developments.
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