The permitee and owner of five low-power television station construction permits has opted to sell them instead of moving forward with getting the properties up and running itself. The result? David Lampel is getting a check from an individual largely known for his role as the head of Edge Spectrum.
Travel west of Columbus, Miss., and you'll reach the city of Starkville. Here, a low-power TV station's construction permit is being spun. The buyer? The Columbus-based owner of the market's CBS affiliate.
From Ellensburg to Walla Walla, Washington, and down to Pendleton, Oregon, Hispanavisión has established itself over three decades as a home for Spanish-language television content in an area that's long attracted first-generation immigrants from Mexico and Central America. It's now adding a low-power TV facility. HC2 is the seller.
Add three more low-power TV properties to the list of stations that HC2 Holdings is paring down from a roster that will live on as a leaner, but still active, set of broadcast facilities it intends to operate.
Under Wayne Barr Jr. as Chief Executive, HC2 has sold TV stations to Weigel Broadcasting and, most recently, to Gray Television. HC2 is adding to more TV stations to the sell pile.
Former HC2 Holdings head Philip Falcone is now CEO of Sovryn Holdings. According to newly filed FCC documents, Sovryn is on a buying binge. In February, it agreed to purchase two properties in Los Angeles. Now, it is purchasing a Houston station.
“SuperFrank” Copsidas has made a name for himself in New York State, in the Deep South, in the Hoosier State, and across New England for his investment in low-power television operations. Now, the producer of the TV series "Pop Up Psychic," "Just Eat It" and "Ghost Rapper" is adding another television station to his roster of LPTV facilities.
A digital low-power TV station serving Florida's state capital and a sibling LPTV facility located in Auburn, Ala., are being spun. It's a Game Day decision. Really. That's the name of the seller in this transaction.
A dissident investor in HC2 Holdings successfully lobbied for his ouster as CEO. Now, less than a year after his exit, he's reemerged as the head of a new entity that is agreeing to purchase two low-power TV stations serving Los Angeles.
With 99 watts of power from atop the famed Sutro Tower, this FM translator emits enough of a signal to cover all of the city of San Francisco, lower Marin County and East Bay communities including Richmond and Berkeley, Calif. Now, its use as an outlet targeting Asians has been solidified thanks to a newly consummated transaction.
With the last broadcast transaction of the year the broadcast deal volume for 2020 passed the $1 billion line, closing with a total of $1.02 billion. That's an 87% drop from 2019, Volker Mörbitz of S&P Global Market Intelligence notes, clearly highlighting the challenges of the COVID-19 pandemic. It is, however, a volume 27% higher than that of 2010.
The founder and CEO of Diya TV, serving South Asian consumers, has been active in recent weeks for his agreements to purchase low-powered TV stations in various locales across the U.S. His latest deal will put him in the middle of the biggest DMA in America.
In recent years, tuning to Channel 32 in Columbus, Ohio, would have yielded the Movies! affiliate, with the Weigel diginet siblings Heroes & Icons and Start TV networks on its DT signals. Now, the low-power TV station is being sold to a religious broadcaster that's held a Time Brokerage Agreement for the facility since 2019.
Travel between Rocky Mount and Wilmington, N.C., along U.S. 258, and you'll come across the picturesque city of Kinston, in Lenoir County. Here, a low-powered TV station is being sold by Tutt Media Group.
The Colorado cities of Aspen, Steamboat Springs and Vail are famous for their ski resorts. In each of these locales, low-power TV stations have been licensed to serve local viewers. Now, they are being acquired by the founder and CEO of Diya TV.