For some, the buying and selling of broadcast media properties over the past 12 months has been nothing short of dismal. Aside from cash-rich non-profit broadcast ministries seeking FM properties they couldn’t get a decade ago, radio industry transactions have come in small trickles. The TV industry, on the other hand, has seen colossal mega-mergers involving companies such as The E.W. Scripps Co. and Gray Television.
Television industry transactions of late have also included deals involving unbuilt low-power TV stations. With a sign-on deadline of Tuesday, time is rapidly ticking for those seeking to spin these facilities and cash out. For those still in need of a facility fire-up, an automatic forfeit of the CP looms.
Then, there’s a group of LPTVs for sale that are a bit unique. How so? They don’t need to be built until 2023.