Stop the presses: A company best-known for its four radio stations along the Jersey Shore has just landed a low-powered television station in the Big Apple.
The seller had been using the facility at Channel 51 for Spanish-language television programming. A change could be likely under Press Communications ownership.
An asset purchase agreement finalized November 30 and filed with the Commission on December 6 shows Press agreeing to acquire WBQM-LD in New York from BuenaVisión TV Network, an entity led by Luis Isaias.
It marks Press’ second TV station, and immediately begs the question of what the company intends to do with the facility, a former home of MTV2 and The Box, a video music service in operation from 1998-2001.
A MeTV simulcast is a safe bet.
Press is paying $300,000 for WBQM, and a $15,000 escrow deposit is being held with Francisco Montero of Fletcher Heald & Hildreth, the seller’s counsel of record in this deal.
There is no broker or finder in this deal.
Serving as Press’ legal counsel is FHH attorney Anne Goodwin Crump.
Press’ media properties are comprise of Country simulcast WKMK-FM in Eatontown and WTHJ-FM in Bass River Township, N.J.; Classic Rock WWZY-FM in Long Branch, N.J.; Top 40 WBBO-FM in Ocean Acres, N.J.; and Oldies WHTG-AM 1410 in Eatontown.
Press also has live events and digital solutions arms.
The LPTV will be paired with Middletown, NJ-based WJLP-3, a full-powered MeTV affiliate serving the New York DMA from New Jersey. PMCM TV is the licensee; it is directly affiliated with Press.