Industry watchers say the equity firm’s quiet decision to sell its TV stations in Baltimore, Detroit and Buffalo suggests a bearish market for the spectrum that will be auction in the upcoming FCC auction. Reuters reports Blackstone sold the stations for about $24 million to HME Equity Fund II.
DMAS 13, 26 & 52
HME Equity Closes On Purchase Of 3 LPTVs
The group has completed its $23.75 million buy of W33BY-D Detroit, WMJF-CD Towson, Md. (Baltimore) and WBNF-CD Buffalo, N.Y., from LocusPoint Networks.
