As previously reported, NRJ TV is purchasing KSCI Los Angeles using a credit bid it obtained by buying up the debt of the bankrupt station, which airs a variety of programming in Chinese, Korean and Tagalog. The amount was revealed Friday in an FCC filing seeking approval of the deal, which also includes KIKU Honolulu and KAUN-LP Los Angeles. The seller is International Media Group, which went into Chapter 11 in January.
The spectrum speculator adds to its growing portfolio of underperforming independent stations by buying the Los Angeles station, which airs programming in Chinese, Korean and Tagalog. NRJ TV is collecting stations, hoping to eventually sell their spectrum through the FCC’s planned incentive auction.
Bankupt owner International Media Group is seeking to transfer KSCI and two other stations to itself as debtors-in-possession while it tries to sell. KSCI currently broadcasts programming in a mix of Asian languages.