Hurricane Damaged PR TV Stations Change Hands


HC2 STATION GROUP, INC., a Delaware corporation (“Buyer”), and MAX MEDIA X LLC, a Virginia limited liability company (“Max Media”), and CMCG PUERTO RICO LLC, a Virginia limited liability company (“CMCG” or “Seller”) have agreed on the sale of television stations WOST in Mayaguez, Puerto Rico, WWKQ-LD in Quebradillas, Puerto Rico, and WQQZ-CD in Ponce, Puerto Rico for $2,850,000.

The Seller was represented by Melodie A. Virtue, Esq. of Garvey, Schubert& Barer, 1000 Potomac St., NW, Suite 200, Washington, DC 20007. The Buyer was represented by Trey Hanbury of Hogan Lovells US LLP, 555 13th St., NW, Washington, DC 20004. The agreement date was August 13, 2018.