Philip Falcone is in the crosshairs of an activist investor who wants to remove him — along with the rest of the board — from HC2 Holdings, which owns broadcast properties accross the U.S.
DMA 16: MIAMI
HC2 Holdings Buys Two Florida LPTVs
Prime Time Partners sells WBEH-CD Miami for $4 million and WSPF-CD Tampa for $3.75 million to Philip Falcone’s HC2 Holdings.
Investor Philip Falcone’s HC2 Broadcasting is buying up low-power stations that when aggregated and leveraged with OTT, cloud technology and the new ATSC 3.0 broadcast standard — will offer a near-national platform that he hopes will be attractive to cord-cutters and advertisers.
