Seller LocusPoint bought the fringe (Wildwood, N.J.) independent for $6 million in hopes of selling it in the incentive auction. That didn’t happen so now it’s selling the station for the same price to the Spanish-language network.
DMA 4 (PHILADELPHIA)
$6M Sale Of WMGM Wildwood, NJ, Closes
The NBC affiliate has been purchased by LocusPoint Networks, an investment firm that is acquiring stations with plans to participate in the FCC’s incentive auction.
DMA 4 (PHILADELPHIA)
WMGM Wildwood, NJ, Selling For $6 Million
The NBC affiliate in the Philadelphia DMA is being sold by Access.1 Communications to spectrum aggregator LocusPoint Networks.
