station trading

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.

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.

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

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.

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

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.

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.

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.”

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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 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.

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.

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.

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.

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.

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.

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.

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 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.

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

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.

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

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

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.