Philip Falcone’s New Venture Grabs a Big LPTV Station


Nearly one year ago, Philip Falcone exited HC2 Holdings Inc. under some not-so-favorable circumstances. There were accusations that he defaulted on loans, resulting in HC2’s next chief executive, Wayne Barr Jr., signing off on non-core asset divestments in order to raise capital.

For Falcone, HC2 is very much in his past. He’s now at the helm of Sovryn Holdings, and its just snagged its latest big-market LPTV property.

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