The $3.2 million acquisition of some 60 LPTV stations and 10 LPTV construction permits by Edge Spectrum -- a.k.a. EICB-TV NET -- from a religious non-commercial broadcaster has officially moved forward, following a delay requested by the buyer.
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 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.
In a pair of transactions that saw Greg Guy of Patrick Communications serve as the broker, HC2 Holdings Inc. has completed its acquisition of a LPTV serving one of America's biggest DMAs. At the same time, a leading religious broadcaster has closed on the purchase of two big-market LPTVs.
The rapidly growing company led by Philip Falcone in June 2018 nabbed a full-power UHF station that as of late has been airing This TV programming for viewers in eastern Iowa. The transaction is now complete for HC2 Holdings.
In December 2016, a broadcast TV company led by Louis Wall agreed to acquire a low-power television construction permit in Lake Charles, La., for $80,000, from DTV America Corp. Today, that facility at Channel 19 is a MeTV network affiliate under the calls KWWE-LD. Now, SagamoreHill is getting another construction permit in the Louisiana market.
Earlier this year, Laurence Zimmerman-led Landover Wireless drafted two transactions that saw the transfer of control of unbuilt LPTVs to Jeff Winemiller and his Lowcountry 34 Media. Now, Zimmerman's group is spinning an unbuilt LPTV property in Idaho. The buyer could use it to expand the markets where Evoca is being launched.
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.
There are plenty of concerns surfacing across the nation about the proposed merger between Sinclair Broadcast Group and Tribune Media. The latest entity to voice its opposition to the deal is an association representing some 800 of the smallest, mostly rural cable operators scattered throughout the U.S.
CBS affiliate WJAX-47 in Jacksonville has enjoyed close ties with the market's FOX affiliate, WFOX-30, for a decade. It's the result of a sale of WJAX, formerly known as WTEV, by Clear Channel that closed in March 2008. Since July 2012, Cox Media Group has operated the two stations, with WJAX owned by Bayshore Television — a partner to CMG that would allow the company to avoid breaking the FCC's Top Four rule while maintaining operational control via a shared services and sales agreement. Now, Bayshore is selling WJAX. Nothing is poised to change for viewers, for staff, or for Cox.
Philip Falcone's HC2 Station Group has just filed its third Form 345 FCC filing this week, and this time around the owner of the Azteca América broadcast TV network is acquiring a licensed and silent LPTV facility in a big Midwestern market. An escrow deposit has already been made.
No less than three deals involving TV stations in Wyoming are being filed with the FCC and are expected to appear in the CDBS this week. The trio of transactions saw Kalil & Co. serve as the exclusive broker in each of these station trades.
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.
Former HC2 Holdings leader Philip Falcone has emerged as the head of a new entity seeking to build a collection of low-power TV stations as part of a spectrum play. He's signed off on several deals across 2021. Now, he's putting his signature on an asset purchase agreement involving a California property.
Rep. Maxine Waters (D-CA) will be the guest of honor