Double deal in Mississippi


Grandfather is expecting to be undisturbed when the Meridian MS CBS affiliate is sold from one party to a second, while the local NBC affiliate goes from a third party to a fourth. The two stations are linked via a program services agreement that will convey to the new owners. The top deal is for CBS WMDN-TV 24 (DT 26), which is going from the Estate of Frank K. Spain to Meridian Media LLC, headed by Sharlyn and Wade Threadgill. That one will go in the books for 5.8M. The smaller deal by far sends NBC WGBC-TV 30 (DT 31) form Robert M. Ledbetter Enterprises to Michael Reed’s WGBC-TV LLC for 700K. The programming services agreement, which was grandfathered and dates back to 8/1/95, has the CBS station at the reins.