Two stations, three companies, new foursome

Barrington Broadcasting had a 10M deal in place to acquire two stations in the wide-ranging Traverse City-Cadillac MI DMA: ABC 29 WGTU-TV in Traverse City and, across the lake, ABC 8 WGTQ-TV in Sault Ste. Marie. It already owns NBC 7 WPBN-TV Traverse City and NBC 4 WTOM Cheboygan in the market. With possible cap problems looming, the new buyer has stepped in, Tucker Broadcasting of Traverse City, headed by Benjamin W. Tucker. Barrington will keep its hand in via a pair of agreements, a joint sales agreement (JSA) and a shared services agreement (SSA), and will also plunk down 5.5K for a purchase option on WGTU & WGTQ running for eight years with extension options. The seller is a subsidiary of Max Media LLC.

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