For media brokers, there's been perhaps no more prolific buyer of radio stations in recent years than Educational Media Foundation, the operator of the Christian Contemporary Music KLOVE and Air1 noncommercial networks. In the TV world, one entity has emerged with a similarly voracious appetite for properties. It's the Philip Falcone-led HC2 Holdings, and the company that's buying Azteca América just landed another low-power TV station.
A Class D AM serving evangelical Latinos in one of South Carolina's biggest markets is trading hands. Up the road in North Carolina's Triad region, a major owner of broadcast TV stations closes on its purchase of a CSA agreement tied to the market's CW affiliate. And, in Austin, Univision has closed on its purchase of a LPTV station. We have the details in the Weekend Edition of RBR+TVBR's TRANSACTIONS TODAY.
The company formerly known as Gannett has formally closed on its acquisition of an AM/FM combo — and a highly coveted CBS-TV affiliate with The CW network on a DT multicast channel — in "America's Finest City." For the everyday consumer of these stations, there's no noticeable difference from yesterday.
A low-power VHF TV operation in a small Deep South town has just been sold. It's the lone deal up for discussion in a soft day at the FCC in RBR+TVBR's TRANSACTIONS TODAY for Wednesday, Feb. 14.
Halfway between the Walt Whitman Bridge and the Steel Pier alongside the Atlantic City Boardwalk is the town of Hammonton, New Jersey. It is here where a digital Class A TV station is being sold. This station debuted 32 years ago and in recent years has focused on the Spanish-speaking audience found in the Vineland, N.J. area in addition to across the Delaware Valley and Southern New Jersey. Now, this station is being sold. The buyer? Philip Falcone's HC2 Station Group.
Gray Television executives are likely displaying a sunny disposition across its Brookhaven headquarters office in northeast Atlanta. The owner of 100+ broadcast TV stations has agreed to acquire a full-power TV station in a market covering a big portion of North Dakota and Minnesota. This deal, if approved, would give Gray control of the MyNetwork TV affiliate, in addition to the DMA's NBC and CBS affiliates. Representing the seller as the broker in this transaction is Kalil & Co.
Fifteen years ago, a media company primarily known for its radio holdings and its leadership by an African-American woman attracted the industry's attention. Today, this company no longer owns radio stations ... and has just shed its last two broadcast holdings. Those properties are low-powered TV stations in the Garden State.
A Florida-based non-profit operation focused on evangelical Christian programming, founded by Bob D'Andrea in 1979, has just expanded with the acquisition of a full-power TV station, Class A sibling, and an LPTV cousin. This brings the Christian Television Network (CTN) into the Crescent City, Sin City, and a key market in the Rockies, thanks to a deal that saw Greg Guy of Patrick Communications represent the seller.
A full-power TV station serving the El Paso market and a collection of 8 Class A and LPTV facilities in five other markets are now officially owned by NBCUniversal's Telemundo Station Group, with four other deals still pending at the FCC. It's the lead item in RBR+TVBR's TRANSACTIONS TODAY for Feb. 1, which also sees two deals involving AM stations in Big Sky Country and the Keystone State.
Trinity Broadcasting Network has just been given a greater opportunity to share the word of Christ to viewers in two of the nation's biggest markets. In a deal brokered by Greg Guy of Patrick Communications, TBN will soon have a deeper presence in the Windy City and the New York Tri-State Area.
A low-power TV station in November 2017 won FCC approval for a minor modification to a construction permit that effectively transports the facility from Lafayette, Ind., southeast to the Indianapolis metropolitan area. Now, this LPTV is being swapped. In exchange, owner DTV America Corp. is getting an LPTV located in the Southern Tier of Western New York.
The owner of the main PBS member station in the Windy City has snatched a "zombie" station. That's because the "station" it is acquiring no longer exists, and is now operating via a Channel Sharing Agreement (CSA) with another station in Chicago. That station just happens to be owned by the company lassoing this former competitor in the non-commercial TV space.
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.
As RBR+TVBR exclusively reported on Friday, LBI Media's nationally distributed Spanish-language broadcast TV network Estrella TV will soon make its grand return to the Miami market, ending a six-month absence from the nation's third-largest Hispanic DMA. We now know what the sale price is, and how the station has been devalued since the seller acquired this property some 12 years ago. We also know who the exclusive broker is in this transaction.
The Spanish-language broadcast TV network known for its prime-time variety program hosted by a man in a clown suit, a host of originally produced reality competition shows, and two weekday newscasts will soon return to Miami after a six-month absence. This results in a perhaps cloudy South Florida future for another Spanish-language TV network -- one that Philip A. Falcone's HC2 Holdings acquired just weeks ago.