South of the Pittsburgh area is the Monongahela River Valley – known to locals as the “Mon Valley.” That’s where an AM-FM combo is being sold from the estate of the late Stanley Wall. The buyer owns 6 commercial stations and 1 noncommercial FM in the Keystone State. Meanwhile, a familiar Arkansas-based media figure has engaged in a plan to rescue a group of financially distressed low-power TV stations in three markets across the state. These are the deals in detail in RBR + TVBR’s TRANSACTIONS TODAY for April 3, 2017.
There's no getting around this bruising bit of data from S&P Global Market Intelligence-owned media research group Kagan: U.S. broadcast station mergers and acquisitions volume reached $189.6 million in Q3 2017. This is the lowest quarterly deal volume of the year. But, the previous two quarters were skewed by two billion-dollar deals.
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.
Here's a transaction that may seem unusual: iHeartMedia is parting ways with a TV station. It's a move that comes more than a decade after predecessor company Clear Channel Communications left the television business.
Three low-powered TV stations located in the Lone Star State, as well as a new facility serving a Northern California city, are trading hands. The buyer is based in Little Rock and led by Julie Huang.
Fresh details were revealed Wednesday regarding Sinclair Broadcast Group's blockbuster merger plans with Tribune Media, thanks to the official filing of a flurry of Form 315 applications with the FCC. While the deal could only be made possible with the pending reinstatement of the FCC's "UHF discount," Sinclair revealed that it could divest stations in no less than 10 different markets.
OTA Broadcasting was a big winner in Auction 1000, the FCC's incentive auction that relinquished broadcast TV spectrum to wireless companies. It pocketed hundreds of millions of dollars, including $72,817,599 for saying farewell to a Class A TV station serving the New York Tri-State Area. Now, the channel-sharing agreement for the disappearing over-the-air station is bringing this "zombie" to one of the nation's best-known PBS member stations.
There is one company that stands out from the pack with respect to TV station acquisitions. Since the end of the FCC's spectrum auction, the Philip Falcone-led HC2 Holdings has been rapidly snapping up television properties — the majority of them low power properties. In the latest deal to involve HC2, a Class A facility in Tennessee that is presently silent is being snapped up.
PBS viewers in the Texas cities of Waco, Temple and Killeen will be losing their local member station at the stroke of midnight. It has nothing to do with a retransmission fee dispute with a MVPD. Instead, it is all about a transaction set to be filed with the FCC that will transfer the noncom TV station to Gray Television.
As RBR+TVBR readers may recall, “TV-49 Inc.” is an entity tied to Norman Shapiro’s Weigel Broadcasting Co. In 2019, it snagged The CW Network affiliation for a Chicago property while also adding a Denver station. Now, Weigel's TV-49 is set to become the licensee of a Hartford LPTV property.
One has to go all the way back to 2006 to find a better year-opening assessment of job and wage prospects.
A noncommercial TV station operated by a community college district in the San Francisco-Oakland-San Jose DMA could have earned millions of dollars from participating in the FCC's Spectrum Auction. That didn't happen, and now the facility is being sold for a fraction of what it could have fetched — allegedly due to one person's error. Who's the buyer? It's a player north of the Golden Gate Bridge that's now salivating at an opportunity to challenge PBS giant KQED.
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.
Exactly five months ago, one of the world's most-respected business news organizations reported that Sinclair Broadcast Group would "soon" be making a Form 314 filing with the FCC that would see the transfer of control of "about 10 stations" to 21st Century FOX. They were mostly correct: A deal has finally been struck, and seven TV stations are trading hands.
One year ago, an independent TV station seen across the Aloha State made headlines for its "David vs. Goliath" fight versus AT&T's DirecTV. This station has had a shared services agreement with Raycom Media, a dominant entity that owns the CBS and NBC affiliates serving Hawaii. That's about to end: K5 and the FOX affiliate are soon to be siblings.