The latest buy for the computer billionaire is Me-TV affiliate KVOS. Terms were not disclosed. Earlier this year, he purchased KFFV Seattle and KTLN San Francisco.
DMA 12
Michael Dell Buys Third TV, Second In Seattle
OTA Broadcasting, a new company controlled by Dell computer billionaire Michael Dell, has agreed to purchase KVOS Seattle-Tacoma, Wash. (DMA 12), from Newport Television, according to broker Kalil & Co., which represented Newport. Terms were not disclosed.
The Me-TV affiliate will be OTA’s second station in Seattle-Tacoma. Earlier this year, it bought KFFV for $5 million.
OTA has also acquire KTLM on the northern fringe of the San Francisco market, paying $8 million for it.
Based in Kansas City, Mo., Newport Television was created in 2007 when Providence Equity Partners purchased the TV station group of Clear Channel Communications. It is headed by Sandy DiPasquale, president-CEO.
Comments (3)
Roger Lyons says:
December 4, 2011 at 7:52 pm
Dell isn’t selling as many computers anymore, so he’s gambling on the TV spectrum and underperforming stations now. Kind of like what NRJ is doing.
Gary Hollick says:
December 5, 2011 at 12:09 pm
Typo: The San Rafael, Calif. station referenced is KTLN …
Colin MacCourtney says:
December 5, 2011 at 9:10 pm
KTLN’s channel 47, 41-dbu contour covers about 6.6 Mil. people. In wireless, value metrics are expressed in terms of price-per-MHz-per person. So the $8 Mil. price is equivalent to 20-cents, per-person per MHz. Previous sales of vacated TV spectrum above channel 51 have been at a metrics of over $1.00, so this is a fair gamble.