Equity Media picks up three Big Apple LPTVs

WMBQ-CA, WMBQ-LD and WBQM-LP are headed from Renard Communications to Equity Media Holdings in an 8M deal that will give the buyer access to the nation's largest television market. "We are excited to be able to announce this important acquisition. New York represents a significant opportunity for Equity's growth plan, and adding these three stations will increase our nationwide footprint to 32% of the U.S. population," said Thomas M. Arnost, President/CEO of Equity. One programming possibility is the group's own programming serivice which it is currently marketing for use on HDTV multicast side-channel, Retro Television Network. It's also looking at opportunities that will kick in when the stations go digital. "In addition, these assets will give Equity a platform with multiple digital channels to attract services and networks that need to access the nation's largest market."

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