Scripps Buying Ion Media For $2.65 Billion

It will combine it with Scripps’ Katz networks and Newsy “to create a full-scale national television networks business” and will spin off  23 of Ion’s 71 stations to comply with FCC ownership regulations. Scripps has agreed to a transaction with a buyer, who has agreed to maintain Ion affiliations for the stations. Warren Buffett’s Berkshire Hathaway gets a warrant to purchase as many as 23.1 million Class A Scripps shares as part of the deal.

WEEK ENDING SEPT. 21

Station Trading Roundup: 2 Deals, $760,500

The purchase of WARZ-CD Raleigh-Durham, N.C., by Capitol Broadcasting tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.

DMA 64: LEXINGTON, KY

Nexstar Closes On WDKY, Names Costes GM

Monte Costes, a local market sales and marketing executive with nearly 30 years of broadcasting experience, will lead the Lexington, Ky., Fox affiliate.

WEEK ENDING SEPT. 14

Station Trading Roundup: 2 Deals, $5.5 Million

The purchase of WJFB Lebanon, Tenn., by Weigel Broadcasting tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.

 

WEEK ENDING AUG. 31

Station Trading Roundup: 2 Deals, $4.2 Million

The purchase of WNAC Providence, R.I., by Mission Broadcasting tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.

Liberman Buying WLII From Univision

Liberman Media Group is buying WLII Caguas-San Juan, Puerto Rico, and two repeaters for an undisclosed price.

FCC OKs Bankruptcy Sale Of Marshall Stations

The FCC’s Media Bureau has approved the sale of KLJB Davenport, Iowa; KMSS Shreveport, La.; and KPEJ Odessa, Texas, from Marshall Broadcasting to Mission Broadcasting, saying the sale — out of bankruptcy — is in the public interest.

WEEK ENDING AUG. 17

Station Trading Roundup: 2 Deals, $2.3 Million

The purchase of KAIL Fresno, Calif. by Radiant Life Ministries tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.

DMA 66: HONOLULU

Byron Allen Buying KITV Honolulu For $30M

The purchase of the Honolulu ABC affiliate from SJL Broadcasting is the 16th station purchase for Allen’s Allen Media Broadcasting division since 2019. He says the group plans “to invest approximately $10 billion to acquire more ABC, CBS, NBC and Fox television stations over the next two years with the goal of being the largest broadcast television group in America.”

WEEK ENDING AUG. 10

Station Trading Roundup: 1 Deal, $125,000

The purchase of KAKZ-LD Cathedral City, Calif., by Broadcast Technical Associates tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.

WEEK ENDING JULY 27

Station Trading Roundup: 2 Deals, $19,840,000

The purchase of WDKY Lexington, Ky., by Nexstar tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.

WEEK ENDING JULY 20

Station Trading Roundup: 1 Deal, $375,000

The purchase of KUTA-LD Logan and KQTI-LD Ogden, both Utah, by Weigel Broadcasting tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.

WEEK ENDING JULY 13

Station Trading Roundup: 2 Deals, $76 Million

The purchase of WPIX New York by Mission Broadcasting tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.

DMA 1: NEW YORK

Mission Broadcasting Buying WPIX From Scripps

Nexstar has transferred its option to purchase Scripps’ New York CW affiliate WPIX to Mission Broadcasting and Mission has exercised its option to purchase the station for $75 million plus accrued interest, to be calculated on the period between the Sept. 19, 2019, purchase date of WPIX by Scripps and the option sale closing date.

WEEK ENDING JUNE 29

Station Trading Roundup: 7 Deals, $18.16M

The purchase of KQTV St. Joseph, Mo., by USA TV Holdings tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.

WEEK ENDING JUNE 22

Station Trading Roundup: 2 Deals, $217,500

The purchase of W26DT-D Myrtle Beach, S.C., by Marquee Broadcasting tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.

WEEK ENDING JUNE 8

Station Trading Roundup: 1 Deal, $200,000

The purchase of WDMY-LP Toledo, Ohio, by VCY America Inc. tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.

WEEK ENDING JUNE 1

Station Trading Roundup: 8 Deals, $7.32M

The purchase of WWJX Jackson, Miss., by Radiant Life Ministries tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.

DMA 207: JUNEAU, AK

Gray Buys Two Stations In Alaska

GCI subsidiary Denali Media Holdings has announced the sale of its NBC affiliates in southeast Alaska — KATH-LD Juneau and KSCT-LP Sitka — to Gray Television. Denali Media Holdings was established in 2012 and also owns KTVA (CBS) in Anchorage along with three CBS stations in Juneau, Sitka and Ketchikan.

WEEK ENDING MAY 25

Station Trading Roundup: 1 Deal, $25,000

The purchase of W21CQ by NYTV tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.

WEEK ENDING MAY 18

Station Trading Roundup: 1 Deal: $50,000

The purchase of WEYW-LP Key West, Fla., by Bleu 24 Communications tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.

WEEK ENDING APRIL 20

Station Trading Roundup: 1 Deal, $25,000

The purchase of KTKO-LP Harrison, Ark., by Springfield TV tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.

WEEK ENDING APRIL 13

Station Trading Roundup: 2 Deals, $49.3M

The purchase of three stations in Iowa, Louisiana and Texas by Mission Broadcasting tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.

Marquee, Low Country Media to Swap LPTVs

Low Country 34 Media and Marquee Broadcasting today announced an agreement to a swap stations. Low Country will be acquiring WEVD-LP Dover, Del., serving Philadelphia in exchange for WHDC-LD Charleston, S.C.; WSCG-LD Beaufort, S.C.; WGCB-LD Savannah, Ga., as well as cash considerations. Lowcountry 34 Media is based out of South Carolina and led by Jeffrey […]

WEEK ENDING MARCH 30

Station Trading Roundup: 1 Deal, $50,000

The purchase of two Mississippi translators by 5GTV tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.

Najafi, Trinity Broadcasting Make Bid For Tegna

The Najafi Companies and Trinity Broadcasting Network have joined the other companies attempting to acquire Tegna Inc. The two companies’ joint offer is $20 per share for the U.S. broadcast, digital media and marketing services of Tegna. The Najafi Companies is a private global investment firm, while TBN is a faith-and-family broadcaster that says it reaches more than 175 nations.

Gray Withdraws Tegna Offer Amid Virus Rout

Gray Television has withdrawn its offer to acquire larger peer Tegna because of concerns about the impact of the coronavirus outbreak on U.S. regional TV station operators, people familiar with the matter said. Gray had offered to buy Tegna for about $8.5 billion, including debt, Reuters reported earlier this month. After Gray’s stock tumbled on the news and concerns about the coronavirus pandemic’s financial impact became widespread, the Atlanta-based company decided this was not the time to pursue the transformative acquisition, one of the sources said.

WEEK ENDING MARCH 15

Station Trading Roundup: 4 Deals, $4,575,000

The purchase of KGMC Clovis, Calif., by Comcast/NBC tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.

Tegna Suitors Will Have To Spin Off Stations

The race to acquire TV station owner Tegna Inc. hinges not just on the price suitors are willing to pay, but also on how much they may give up in terms of assets to win regulatory approval, people familiar with the matter said. All three bidders own TV stations that regulators would require to be divested because of the potential overlap, the sources added.

Byron Allen Makes $8.5B Cash Bid For Tegna

Media entrepreneur Byron Allen has made an all-cash bid for Tegna and is said to be one of three potential buyers circling the Tysons, Va.-based broadcaster, according to a source familiar with the situation. Allen’s Allen Media Group offered $20 a share, or about $8.5 billion, the source said. It is going up against Gray Television, which last week made a offer, also for $20 a share but in a combination of cash and stock. Private equity firm Apollo Global Management, which recently acquired stations from Cox, is also said to have made a bid.

Report: Gray In $8.5B Bid To Acquire Tegna

Gray Television has made an offer to acquire larger peer Tegna Inc for approximately $8.5 billion, including debt, people familiar with the matter said on Friday. A successful bid by Gray would significantly expand its footprint in several TV markets. It underscores the pressure Gray and other companies in the TV station industry are under to gain scale and more pricing power with advertisers and the major networks.

Fox And Nexstar Complete Station Sales

With the deals involving stations in Seattle, Milwaukee, and Charlotte, N.C., Fox Television Stations expands its footprint to 29 stations across the country. Nexstar says it will use the approximately $240 million of net after-tax proceeds from the deals to reduce borrowings under its credit facilities.

WEEK ENDING FEB. 24

Station Trading Roundup: 1 Deal, $175,000

The purchase of WLNM-LD Lansing, Mich., by Gray Television tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.

WEEK ENDING FEB. 17

Station Trading Roundup: 1 Deal, $1

The purchase of WUCB-LD New York by Spirit Broadcasting tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.

Univision Said To Be Nearing A Sale

Univision Communications is in exclusive talks with a bidding group that includes former Viacom CFO Wade Davis for a sale that could value the Spanish-language broadcaster at close to $10 billion including debt, according to people familiar with the matter.

Entertainment Studios Closes On 11-Station Buy

Byron Allen’s Allen Media Broadcasting has completed its $305 million purchase of 11 stations in nine markets from USA Television announced last October.

WEEK ENDING FEB. 3

Station Trading Roundup: 2 Deals, $18M

The purchase of KTBU Conroe, Texas, by Tegna Inc. tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.

DMA 89: SAVANNAH

TCT Buying WSCG Savannah, Ga. For $3M

Lowcountry Media sells the Georgia multicast affiliate to TCT Network’s Radiant Life Minstries.

DMA 39: LAS VEGAS

Ion Media Buys Entravision’s KMCC Las Vegas

The purchase solidifies its position as the nation’s largest TV broadcast UHF spectrum operator.

WEEK ENDING JAN. 20

Station Trading Roundup: 1 Deal, $1.5M

The purchase of WHCT-LD Hartford, Conn., by Weigel Broadcasting tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.