RNN Lassoes A Philly ‘Zombie’

0

In late July, Lenfest Broadcasting and Philadelphia-area licensee WMCN License Holdings LLC agreed to sell its channel-sharing agreement for a station that relinquished its spectrum in the FCC’s incentive auction.


The buyer then assigned its rights and obligations to acquire the “zombie” station serving the nation’s fourth-largest market to the operator of a regional news network serving the New York Tri-State Area.

The asset purchase agreement has now been filed with the FCC, making this news and information-focused entity’s expansion to the Delaware Valley and Southern New Jersey official. Kalil & Co. served as the exclusive broker in this transaction.

Please Login to view this content. (Not a member? Join Today!)