DMA 4: PHILADELPHIA
WMCN Atlantic City Sold For $6 Million
Richard French is buying the independent zombie from Lenfest Broadcasting. The deal includes a channel sharing agreement with WPHY-CD Philadelphia.
The aggregator of third-rate TV stations has a deal for its third station: WTVE, licensed to Reading in the Philadelphia DMA. NRJ earlier this year bought two other stations — WMFP Boston and KCNS San Francisco — for $20 million and was a failed bidder for a station in Los Angeles. Seller Richard French bought WTVE three years ago for $13.5 milion.
