The sale of two stations from Citadel Communications to Standard Media Group tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.
Lowcountry Media sells the Georgia multicast affiliate to Phillip Falcone’s HC2 Holdings.
Deb McDermott’s new Standard Media is buying the Providence, R.I., and Lincoln, Neb., ABC affiliates from Phil Lombardo for $83 million and she says she’s looking for more.
The group says the proposed station buys by Terrier Media, controlled by Apollo Global Management, of properties of Northwest Broadcasting and Cox Broadcasting will “impede competition and diversity and raise prices for consumers.” It urges the FCC to study what it calls “public interest harms” if the deals are approved.
The sale of four stations from Bayou City Broadcasting to Allen Media Broadcasting tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.
U.S. television station deals reached $4.86 billion in the first quarter, dominated by station consolidations and spinoffs, according to Kagan, a media research group within S&P Global Market Intelligence.
The Entertainment Studios CEO’s Allen Media is getting CBS, NBC and Fox affiliates in Evansville, Ind., and Lafayette, La.
Meredith Corp. is preparing to explore a sale of its portfolio of TV stations as it looks to streamline its business, people familiar with the matter tell Reuters. Meredith is discussing its plans with financial advisers and has already received interest in its stations from private equity firm Apollo Global Management, the sources say.
The $521 million deal adds 15 stations in 10 markets to Scripps’ portfolio and bumps up its reach to nearly 21% of U.S. TV households.
The Nexstar CEO says while the FCC’s ownership coverage cap is effectively at 78% now, broadcasters would like the Pai FCC to lock it in at that level so that some future FCC with a Democratic majority cannot easily reset it at 39% by once again repealing the UHF discount.