On May 1, a proposed transaction only made possible by the now-concluded FCC Spectrum Auction was struck. This deal would have allowed The Meruelo Group to pay $10 million for a “zombie station” — a.k.a. a channel-sharing agreement that Bob Behar’s Hero Licenseco had reached with Meruelo upon shedding the spectrum of KBEH-63 in Oxnard, Calif., for a whopping $146.6 million. Hero backed out of the deal, which prompted an FCC Public Notice on May 8 that sought comment on the spin of channel-sharing agreements.
While Hero’s decision to kill the deal made the Public Notice moot, the FCC just may get the chance for a reprise—thanks to Univision and a newly forged deal that would give it the channel-sharing agreement tied to one of its Boston-market stations.