In May 2019, Deb McDermott gained the industry’s attention for the acquisition of television stations in Providence, R.I., and Lincoln, Neb., by the company she holds the title of CEO for, Standard Media Group. Six months later, Standard Media added nine properties from Waypoint Media in a deal valued at $59.2 million.
The deals cemented Standard Media’s role as a acquisitor, with McDermott, who is perhaps best-known in the media world for her association with ABC affiliate WKRN-2 in Nashville, partnering with Soo Kim on the company’s build-out.
Now, as 2021 begins, McDermott is shedding her ownership interest in the two stations acquired in May ’19.
