DMA 58

Hubbard Paying $2.3M For 2nd Albany TV

Hubbard announced its deal to buy WNYA last month, but did not disclose the price. The FCC prohibits the ownership of two stations in markets as small as Albany, but in the application Hubbard asks for a waiver on the grounds that WNYA is “failing.” Hubbard asserts that WNYA meets all four criteria for the waiver, including that it has posted three consecutive years of negative cash flow. “WNYA’s financial condition is dire,” it says.

DMA 58

Hubbard Adding WNYA To Albany Portfolio

Hubbard Broadcasting, owner of NBC affiliate WNYT Albany, N.Y., is buying the market’s MNT affiliate, WNYA, from Venture Technologies.