In mid-March, Cox Media Group President Kim Guthrie told RBR+TVBR that talk of the company selling off nearly all of its radio stations was unfounded. It turns out that the chatter focused on the wrong media: Cox has confirmed that it "will explore strategic options" for its 14 TV stations, including partnering or merging the stations into a larger company.
Some 75 miles to the west of Huntsville, Ala., are the cities of Florence and Muscle Shoals. It is here that an affiliate of The CW Network has made headlines throughout 2018 for its inaccessibility to DISH subscribers in the Huntsville DMA for the last six months. Now, it is in the news because of an ownership change. The buyer? Nexstar Media Group.
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.
Here's a deal that's full of American Spirit, fueled by FCC "modernization." Raycom Media has forged an agreement with a longtime shared services agreement partner that would give it an Iowa TV station it could not legally obtain 15 years ago, when it owned another crosstown station. At the same time, Raycom is grabbing The CW affiliate serving the capital of the Old Dominion. Both stations will eventually wind up in the hands of Gray Television.
For the third consecutive business day, there's a TV transaction that involves the swiftly growing HC2 Station Group. That's the entity led by Philip Falcone that owns the Azteca América broadcast TV network and a whole bunch of television stations. It's just added a Detroit property.
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.
Since 2001, a low-powered television station with studios and operations in Rocky Mount, N.C., has provided a local voice to Edgecombe, Nash and Wilson Counties. This includes an affiliation with the Youtoo America network, and a local newscast. Now, this LPTV is being sold to a local media group.
In a deal brokered by Patrick Communications, a full-powered UHF facility available across all regional DBS and MVPD providers in southern Georgia is trading hands. It marks the buyer's entry into the Peachtree State, as it already owns properties in the Delmarva Peninsula, and in Ohio, Colorado and West Virginia.
Like the drip-drip-drip of a leaky faucet, the FCC's deal database has offered just a trickle of fresh news of late. Wednesday is no different, with the lone deal involving the sale of a low-power TV station construction permit in Idaho's most populous area. There's also an STA involving Townsquare Media to talk about.
Trinity Broadcasting Network (TBN) has carved an indelible imprint into the nation's broadcast TV industry. Its stations can be found in practically every market in the U.S.; its programming has served multiple generations of Christians. Now, TBN is officially saying goodbye to four major-market channels in the Midwest, following their stations' successful Auction 1000 participation.
If you're stuck in Los Angeles traffic and just saw this headline, beware: We're not talking about the Spanish Broadcasting System FM known as "La Raza." Rather, this KLAX and its sibling are TV stations, and they've just been snatched by an entity connected to the President of El Dorado Broadcasters in a deal brokered by Kalil & Co.
The CW affiliate serving the Duluth, Minn., market, is trading hands. The news comes as the station has been yanked by DISH Network -- a move that's the result of yet another retransmission fee dispute between station owner and a DBS provider.
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.
In the Colorado ski resorts of Aspen and Snowmass is an entity doing business as "Aspen 82." In the lone item up for discussion in TRANSACTIONS TODAY presented by RBR+TVBR, it has just acquired a dormant LPTV in one of those slope-filled cities.
Score another one for Philip Falcone's HC2 Station Group. In an asset purchase agreement filed with the Commission on Friday, HC2 is acquiring yet another low-power TV station. This time, it is snagging a Class A facility that just happens to be in one of the nation's biggest revenue markets. Also in TRANSACTIONS TODAY: CNZ Communications completes a Texas TV buy involving both Kalil & Co. and Patrick Communications.