HC2’s Not Done Buying Stations Just Yet

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Media brokers largely believe HC2 Holdings has completed its buying spree. Its leader, Philip Falcone, has repeatedly declined interview requests over the last two months.


As speculation grows that HC2 is seeking a merger or outright buyer of its collection of LPTV and full-power signals, it has just added six more Class As.

In the first deal, Media-Com Television is spinning W16DO-D, a Cleveland station which is involved in the post-Spectrum Auction repack process and will relocate to Channel 27 from Channel 16.

With facilities shared with Media-Com’s Talk WNIR-FM in Akron, Ohio, W16DO-D of late has been offering Retro TV programming to northeast Ohio.

Now, it will be up to HC2 to decide what W16DO-D will air, as it is forking over $3,142,000 for the mini-station. A $157,100 escrow deposit has been made to Media-Com.

Serving as the broker in this transaction, representing Media-Com, is Airwaves USA Inc.

The second deal involves Cleveland’s greatest sports rival, a metropolis to the Southeast.

According to an asset purchase agreement dated January 23, filed with the FCC on Friday (2/1), HC2 Station Group is acquiring a low-power facility in Pittsburgh for $2.2 million.

The station is WOSC-CD 26, a digital Class A, and it is being sold by The Video House Inc.

An escrow deposit of $110,000 has been made to Signature Bank, serving as escrow agent.

There is no broker or finder involved in this transaction.

Serving as the seller’s legal counsel is Joan Stewart of Wiley Rein LP. 

The legal counsel for HC2 is Nancy Ory at Lerman Senter.

HC2 Station Group is overseen by COO Les Levi.

WOSC’s tower is in Oakland, in the center of the city. The station presently airs Home Shopping Network on its main over-the-air signal, with Weigel Broadcasting/FOX joint venture Movies! on DT-2, Fremantle North America’s BUZZR on DT-3, and Katz Broadcasting’s Escape on DT-5.

A third deal involves four digital Class A stations — all in the Pittsburgh DMA.

With Fifth Street Enterprises as the seller, HC2 is grabbing the following facilities for $3.3 million:

As shown above, each of these facilities are involved in the repack process.

A $165,000 escrow deposit has been made to Signature Bank.

There is no broker or finder associated with the Fifth Street deal.