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.
On Thursday RBR+TVBR exclusively reported on the acquisition of three LPTVs in the San Francisco DMA by HC2 Holdings. It is now known that the seller of these low-power facilities is not leaving the area: It has just acquired a full-power facility, in Mendocino County, in order to continue broadcasts to the market.
In Hollywood, Fla., sits a little-known broadcast TV station owner that, until now, has owned 20 LPTV facilities across Washington, South Dakota, Oregon, North Dakota, and Colorado, and in the city of Marquette, Mich. The company that has just purchased these stations is very widely known: It's the Philip Falcone-led HC2 Station Group.
On Dec. 12, RBR+TVBR's TRANSACTIONS TODAY reported on the sale of a full-power UHF facility licensed to Lewiston, Maine, to ION Media Networks. That deal has now closed, and this has resulted in a programming shift and the arrival of a new set of call letters. Also today: A Utah deal involving the spin of two FM translators is announced.
A newly formed company serving a market that's home to Purdue University is now the owner of one of the nation's newest ABC affiliates. It's a formality, really: This company signed on the station in July 2017, and it has been owned by an affiliated operation. Now, Bill Christian and Mike Reed are simply making a bookkeeping change with the FCC.