A vulture’s eye view of Pappas


On the block: Four television stations in California, two in Texas and one each in Washington, Nebraska, Iowa and North Carolina. That’s the geographical scope of the sell-off of Pappas Telecasting stations as ordered by a Delaware bankruptcy court. Bidders can contact Anish M. Aswani of Moelis & Company in Los Angeles, which is handing due diligence requests, and should be prepared to submit 10% of their offer plus $1M. Bids are due 12/4/08; where there are two or more bids, they’ll go to auction 12/11/08; and the court will hold sale approval hearings 12/16/08.

The stations are:

KMPH-TV Fresno-Visalia CA (Visalia CA), Fox

KFRE-TV Fresno-Visalia CA (Sanger CA), CW

KTNC-TV San Francisco-Oakland CA (Concord CA), TuVision

KUNO-TV San Francisco-Oakland CA (Fort Bragg CA), TuVision

KCWK-TV Yakima-Pasco-Richland WA (Walla Walla WA), CW

KAZH-TV Houston TX (Baytown TX), TuVision


KPTM-TV Omaha NE, Fox

KPTH-TV Sioux City IA, Fox

WCWG-TV Greensboro-High Point-Winston Salem NC (Lexington NC), CW