On Tuesday, Philip Falcone‘s HC2 Station Group made headlines by grabbing a Class A TV station serving a growing part of South Florida.
Now, HC2 is adding a Class A in one of the nation’s hippest cities in a deal that could further build a group of owned-and-operated stations for Azteca América.
Caballero Acquisition LLC, an entity led by veteran Hispanic media owner Randy Nonberg, has agreed to sell to HC2 KGBS-CD 19 in Austin, Tex.
The purchase price is $1.75 million.
An $87,500 escrow deposit has been made to Caballero by HC2.
There is no broker or finder involved in this transaction.
Nonberg, along with business partner Terry Crosby, have attributable interest in WLGA-TV in Opelika, Ala.; KYVV-TV in Del Rio, Tex.; and WIWN-TV in Milwaukee.
FROM THE RBR+TVBR ARCHIVES:
Terry Crosby and Randy Nonberg are widely known in the TV industry for their longtime involvement in Hispanic media. Now, the one-time Chairman/CEO and President/COO, respectively, of the former Una Vez Más broadcasting company have opted to sell four TV stations — including two it acquired in August 2013 from a subsidiary of Viacom. The buyer has emerged in recent weeks as a major player in Hispanic media.
Terry Crosby and Randy Nonberg have been actively seeking to build a new TV station serving Bay Area consumers. Now, the principals in Poquito Más Communications LLC are one step closer to making that happen on a much grander level. That’s because an entity controlled by Nonberg and affiliated with Poquito Más has just captured a “zombie” station that’s emerged from the FCC’s Incentive Auction. The deal saw Kalil & Co. represent the seller and serve as escrow agent.