Philip Falcone’s New LPTV Venture Grows


Some eight months agoPhilip Falcone exited as the face of an entity that had emerged as a big spender on low-power broadcast TV stations as part of a spectrum play.

Falcone’s departure from HC2 Holdings Inc., was shrouded in negative press, with accusations of loan defaults and the freezing of Falcone’s assets for reportedly failing to compensate his legal representatives.

Today, that’s all in the past. Falcone is now CEO of Sovryn Holdings, and it’s on a buying binge, new FCC documents show.

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