The transfer of two stations from McDermott Communications to Paducah Television Operations tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.
WEEK ENDING JAN. 4
Station Trading Roundup: 1 Deal
Multistate Deal — BUYER: Community News Media LLC (Soohyung Kim, managing member/CEO) SELLER: Standard Media Group LLC (Deborah McDermott, president/CEO) COMMENT: Transfer of control of 100% of the membership interests of Standard Media Group LLC, licensee of KLKN-TV Lincoln, NE, WLNE-TV New Bedford, MA, from McDermott Communications LLC to Community News Media LLC’s Paducah Television Operations LLC through the exercise of conversion rights permitting conversion of all of the outstanding principal of, and accrued and unpaid interest on, the Amended and Restated Floating Rate Subordinated Convertible Note made as of December 10, 2020 by and between Transferor and Transferee into SMG membership interests.
Massachusetts: WLNE-TV New Bedford FACILITIES: DTV Ch. 24, 294.000 kW, ant. 991 ft. AFFILIATION: ABC
Nebraska: KLKN-TV Lincoln FACILITIES: DTV Ch.8, 53.000 kW, ant. 1,427 ft. AFFILIATION: ABC
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