OTA Broadcasting Donates Zombie To WNET
In addition to the license and other assets of former LPTV WEBR New York, OTA is also donating $12,500 to WNET.
The Chicago-based broadcaster is paying spectrum aggregator OTA Broadcasting $23.2 million for KFFV and KVOS, both Seattle, and KTLN and low-power KAXT, both San Francisco.
Nexstar Buys Zombie Station WLWC For $4.1M
OTA Broadcasting had sold the spectrum of the Providence, R.I., CW affiliate in the FCC’s incentive auction.
Station Trading Roundup: 1 Deal, $21M
The sale of a full-power and LPTV by OTA Broadcasting to Entravision Communications tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA/Kelsey.
It’s paying OTA Broadcasting $21 million for NBC affiliate KMIR and MNT affil KPSE-LD. Spectrum speculator OTA bought the two from Journal in 2014 for $17 million.
To insure that stations are not forced off the air during the post-auction TV band repack and wireless carriers get prompt access to the spectrum they buy, the FCC should permit stations to share channels during the repack, says OTA Broadcasting.
Exclusives
KMIR-KPSE-LP is a NBC-MNT combo. Known as a spectrum speculator, buyer OTA Broadcasting says it looks foward to serving the market. The price was not disclosed.
Hoping to buy low and sell high in the FCC incentive auction, NRJ TV, OTA Broadcasting and Locus Point have bought 39 stations over the past two years, according to SNL Kagan.
OTA Broadcasting, backed by computer retailing billionaire Michael Dell, agrees to buy low-power WYCN-LP Derry, N.H., from Bill Binnie, who will continue to operate the station. Binnie also owns full-power WBIN Derry. Both stations are in the Boston market.
The buyer of WLWC is OTA Broadcasting, a speculator that has been buying TV stations in anticipation of reselling their spectrum to the government in an eventual auction to wireless carriers. Sinclair is the seller of the CW affiliate, which is among the seven it acquired last year from Cerberus Capital for $200 million.
OTA Broadcasting is buying the low-power station from Uniglobe Central American Network.
The latest buy for the computer billionaire is Me-TV affiliate KVOS. Terms were not disclosed. Earlier this year, he purchased KFFV Seattle and KTLN San Francisco.
OTA Broadcasting won the bankrupt independent with a bid of $5.2 million in auction in Seattle yesterday. Only one other party showed up for the auction, according to broker Kalil & Co. OTA had established a base price for the station with a stalking horse bid of $3.45 milion.
