KMIR-KPSE-LP is a NBC-MNT combo. Known as a spectrum speculator, buyer OTA Broadcasting says it looks foward to serving the market. The price was not disclosed.
DMA 148
Journal Selling Palm Springs Duopoly To OTA
Journal Communications has sold KMIR-KPSE-LP Palm Springs, Calif., to OTA Broadcasting for an undisclosed amount, it was announced Friday afternoon.
“We sincerely appreciate the dedication of our talented team in Palm Springs and their continued development of our television stations over a number of years,” said Journal CEO Steven Smith in a statement.
OTA Broadcasting, backed by billionaire computer retailer Michael Dell, has been buying up independent stations with an eye toward selling the spectrum back to the government in the FCC’s planned incentive auction.
However, in the Journal-issued announcement, OTA head Bill Tolpegin gave no indication that OTA plans to do anything but operate the stations. “We look forward to serving the Palm Springs market, as well as welcoming the employees of KMIR and KPSE to the OTA family.”
KMIR is an NBC affiliate; KPSE-LP, an MNT affiliate.
Media Venture Partners represented the buyer and Kalil & Co. represented the seller.
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The transaction is subject to approval by the FCC.
Comments (10)
Ellen Samrock says:
October 4, 2013 at 6:17 pm
You need to see the whole quote. “We look forward to serving the Palm Springs market”…until the day comes when we can unload these turkeys to the government for a payout.
Wagner Pereira says:
October 4, 2013 at 9:04 pm
There you go making up stuff again.
Ellen Samrock says:
October 4, 2013 at 10:40 pm
Since Michael Dell’s OTA Broadcasting has made no secret that it is in spectrum speculating business there is a very good chance that this is what will ultimately happen with those two Palm Springs stations. You really have an insane obsession with me, don’t you?
Wagner Pereira says:
October 4, 2013 at 11:10 pm
You stated there was a whole quote when there was not. You continue to make up stuff with no regards for the truth.
Ellen Samrock says:
October 5, 2013 at 1:17 am
I was joking! Jeez, you are insane.
Wagner Pereira says:
October 5, 2013 at 9:45 pm
Now we know why CBS renewed Letterman and NBC is moving Fallon up instead of hiring you.
Ellen Samrock says:
October 6, 2013 at 6:18 pm
I wasn’t applying.
Keith ONeal says:
October 4, 2013 at 10:46 pm
Since the FCC is part of the shutdown, it will take longer than usual for them to either approve or disapprove any transactions that involve the buying or selling of TV and Radio Stations.
Joe Jaime says:
October 6, 2013 at 3:01 pm
No surprise here..KMIR once a very strong station made a series of short term cost savings that came home to roost. They never recovered from the decision to feed weather from their Las Vegas station plus the loss of Karen DeVine sealed their fate. GSM and other key personal fled the ship and it started to sink. In addition, market revenue is just to small to support so many Over The Air stations…no pun intended.
James Diaz says:
October 7, 2013 at 9:10 am
There are some very good people at KMIR working with too few resources. Cost-cutting diminishes overall quality, despite the competency of the staff. You can’t starve your team and expect them to play at the top of their game all the time, but that’s what companies do. It’s unfortunate.