The sale of Journal Broadcast Group’s CBS affiliate to Landmark Media Enterprises is one of three TV station transactions submitted to the FCC for its approval during the week ending Sept. 10, according to BIA Kelsey.
WEEKLY STATION TRADING ROUNDUP
WTVF Nashville Sells For $215 Million
California
KEYT and KSBB-LP Santa Barbara and K57BC San Luis Obispo
PRICE: $14.25 million
BUYER: News-Press & Gazette Company (Brian Bradley, president)
SELLER: Smith Media LLC (Ian Guthrie, VP/CFO/treasurer)
FACILITIES: KEYT-TV: DTV Ch. 27, 250 kW, ant. 3,012 ft.; KSBB-LP: DTV Ch. 17, 1.2 kW, ant. -118 ft.; K57BC: DTV Ch. 31, 0.14 kW
AFFILIATION: KEYT-TV: ABC; KSBB-LP: FOX; K57BC: ABC
BROKER: Waller Capital Partners LLC
New York
WGCE-CA Greece
PRICE: $46,000
BUYER: Milachi Media LLC (William Christian, president & managing member)
SELLER: Edu-Cable Corporation (Brian Caterino, president)
FACILITIES: DTV Ch. 25, 4 kW
AFFILIATION: IND
BROKER: Kalil & Co., Inc.
Tennessee
WTVF Nashville
PRICE: $215 million
BUYER: Journal Broadcast Group Inc (Steve Smith, CEO/chairman)
SELLER: Landmark Media Enterprises LLC (Jack Ross, president)
FACILITIES: DTV Ch. 25, 1,000 kW, ant. 1,404 ft.
AFFILIATION: CBS
BROKER: Houlihan Lokey Capital Inc and Methuselah Advisors
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