David Woods is buying Neal Ardman’s Birmingham, Ala., Cozi TV affiliate WIYC to go with WCOV, the market’s Fox affiliate, and low-power WALE, which airs 12 multicast networks.
Veteran broadcaster David Woods is tripling up in Montgomery, Ala., buying Cozi TV affiliate WIYC to go with WCOV, the market’s Fox affiliate.
The seller is Neal Ardman. Woods will pay him $1 million — $700,000 in cash and the balance in a note over time.
Woods says he plans to load the station with several diginets and possibly offer some live sports.
The station is licensed to Troy, Ala., and, according to Woods, its tower is about 22 miles southeast of Montgomery.
Woods is big on multicasting. In addition to WCOV, he owns a low-power station in Montgomery, WALE, which broadcasts 12 diginets.
The FCC earlier this month voted to relax its local ownership rules to permit common ownership of two full-power stations in small markets like Montgomery.
However, those rules have yet to take effect. So, Woods has asked the FCC for a so-called failed station waiver, under which the duopoly is permitted if he can show that the station meets the FCC criteria for a failing station.
In the application, Woods says he believes WIYC meets the criteria, asserting the WIYC has less than a 4% audience share, has had three years of negative cash flow and that a buyer from outside the market could not be found.
Woods also owns CW affiliate KLCW, Lubbock, Tex., but it is operated by Brad Moran’s Ramar Communications, owner of the market’s Fox affiliate, KJTV.
Ardman has no other TV stations, but he has interests in radio stations in Georgia and Florida.