Palm Springs TV pair sold

0

SoldJournal Broadcast Corporation is pruning its television portfolio, and the beneficiary will be OTA Broadcasting, which will be buying a pair of stations in the Palm Springs CA DMA. Kalil represented the seller and Media Venture Partners represented the buyer.


The stations are NBC 46 KMIR-TV and MNT 50 KPSE-LP. The price of the stations was not revealed.

“We sincerely appreciate the dedication of our talented team in Palm Springs and their continued development of our television stations over a number of years,” said Steven J. Smith, Chairman and CEO of Journal Communications. “We are confident that OTA will do an excellent job of continuing to guide and build these important local brands in the Coachella Valley.”

“We are pleased to be adding these two stations to our growing roster of television stations,” said Bill Tolpegin, CEO of OTA. “We look forward to serving the Palm Springs market, as well as welcoming the employees of KMIR and KPSE to the OTA family.”

The station’s GM, Craig Marrs, expects the deal to experience the usual lag time while its undergoes regulatory review, and he also expects to still have his job once the review is completed and the deal closed, assuming it passes FCC muster (and there’s no reason to believe it will not).

Marrs told Gannett’s Desert Sun newspaper that he expects no major changes to either the programming or the staffing under the new owners.