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

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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.

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