On Monday, RBR+TVBR readers shared with readers the news that Sovryn Holdings, a licensee created to acquire low-power television stations and led by Philip Falcone, had not emerged as the buyer of a Lotus Communications property in Phoenix. RBR+TVBR‘s headline referred to the non-consummation of a July 2021 transaction agreed to by each party as a “flop.”
Falcone took umbrage at the description of the deal’s dissolution, and tells RBR+TVBR it is all part of a bigger plan for Sovryn in the Valley of the Sun.
