MIAMI BEACH — TV Azteca‘s logo may be emblazoned on every attendee badge at NATPE Miami, but it is Azteca América‘s new owner — the Philip Falcone-led HC2 Station Group — that may deserve more attention from the broadcast TV industry cognoscenti roaming the halls of the Fontainebleau and Nobu Eden Roc hotels.
As RBR+TVBR was first to report on Nov. 30, 2017, HC2 is acquiring the Azteca América Spanish-language broadcast network from affiliates of Mexico’s TV Azteca. HC2 also signed a definitive acquisition agreement to acquire the broadcast TV assets of Northstar Media LLC. Northstar owns a collection of low-power TV stations that comprise the largest Azteca América affiliate group in the U.S.
Among those stations is Class A KPDF-41 in Phoenix. Now, HC2 will have a bigger facility serving the Valley of the Sun.
According to an Asset Purchase Agreement submitted in a Form 314 filing with the Commission on Wednesday (1/17), HC2 is acquiring KMOH-6, licensed to Kingman, Ariz., and its more valuable simulcast partner — KEJR-LD 40 in Phoenix — from Hero Broadcasting.
The purchase price for the facilities is $2.7 million.
A $270,000 escrow deposit has been made, pursuant to the APA, which is dated Dec. 29, 2017.
There is no broker or finder in this transaction.
Hero Broadcasting is led by Bob Behar. Its legal counsel in this transaction is Paul Feldman of Fletcher, Heald & Hildreth.
HC2’s legal counsel is Trey Hanbury of Hogan Lovells US.
KMOH and KEJR were owned by Prime Time Partners some six years ago; by August 2012 Hero Broadcasting took over ownership. The stations served as affiliates of the now-defunct MundoFox network. With that network’s demise, KMOH and KEJR became MundoMax affiliates, until that entity’s end in late 2016. The Miami-based América TeVe has aired on the stations ever since.
It was not immediately known if HC2 will use KMOH and KEJR as Azteca América’s new home.