Savannah Indy Sale Comes Via Bankruptcy Court Bid


In an update to a television station sale originally reported Sept. 26 by RBR+TVBR’s TRANSACTIONS TODAY, a Savannah-market station licensed to Baxley, Ga., has been sold by Southern TV Corp. to Low Country Media 35.

An asset purchase agreement has now been filed with the Commission, and there’s more details now known: Two translator stations are included in the deal — and the buyer is getting the properties thanks to a top bid in a U.S. Bankruptcy Court auction precipitated by the seller’s Chapter 11 bankruptcy protection.

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