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.
Spectrum aggregator LocusPoint Networks has sold two low-power stations to Trinity Broadcasting Network. Trinity is paying $13 million for WDVB-CD Edison, N.J. (DMA 1, New York) and WLPD-CD Chicago (DMA 3). LocusPoint is owned by Bill deKay and Ravi Potharlanka. Religious broadcaster Trinity owns full- and low-power stations and several broadcast networks. Greg Guy of Patrick Communications brokered the deal.
The religious broadcaster extends its long-term HD and SD North American distribution agreement for another decade.
Viewers who liked Mike Huckabee when he held forth on Fox News Channel on Saturday nights are likely to get a super-serving of him very soon on religious broadcaster Trinity Broadcasting Network. The former Republican governor of Arkansas and presidential candidate is taking his show to Nashville, where he hopes to expand interview segments and host musicians and artists while maintaining many of the elements that kept him on Fox News for nearly seven years.
Crouch and her husband, Paul, started the network in 1973 by renting airtime on an independent California station.
Televangelist Paul Crouch founded the Trinity Broadcasting Network with his wife, Jan, in 1973 and grew it into an international Christian empire. He died at his home in Orange, Calif., on Saturday after a decade-long fight with degenerative heart disease.
A granddaughter of the couple that founded the Trinity Broadcasting Network has gone public with accusations of financial impropriety and excess, which TBN denies.
Televangelists Paul and Jan Crouch, founders of the religious Trinity Broadcasting Network are under attack by their granddaughter Brittany Koper, who recently filed court papers that include allegations of $50 million in financial shenanigans at the world’s largest Christian broadcasting network. Her suit was followed by another from a Koper in-law. The legal skirmish offers a rare window into the secretive world of the sprawling religious nonprofit and exposes a family feud that could draw more outside scrutiny of TBN.