Imagicomm Completes Its CMG Spinoff Deal. What’s Next?


On March 30, word first surfaced that a most unlikely entity had signed a deal with Cox Media Group to acquire 18 television stations it needed to sell in order for a bigger deal — the privatization of TEGNA — to gain regulatory approval.

Paperwork was filed on April 11 with the FCC, along with newly released pricing details making the CMG spin a blockbuster of a deal. Now, that transaction has closed, making Imagicomm Communications — to the dislike of at least one Member of Congress — the new owner of a collection of broadcast TV facilities.

Please Login to view this premium content. (Not a member? Join Today!)
You do not have permission to view the comments.

Leave a Reply

Your email address will not be published.