It’s been nine months since Philip Falcone exited HC2 Holdings Inc. under a black cloud, with accusations that Falcone defaulted on loans leading to today’s efforts under new chief executive Wayne Barr Jr. to raise capital by divesting non-core assets.
For Falcone, he’s swiftly moved on, and in Q1 2021 became an active buyer of low-power TV stations through a newly created entity.
He’s at it again, and has just entered the Pacific Northwest’s biggest market.
