The sale of WQVC-CA Greensburg, Pa., by Abacus Television to LocusPoint Networks tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Kelsey.
WEEK ENDING MARCH 9
Station Trading Roundup: 4 Deals, $1.4M
WQVC-CA Greensburg, Pa. — PRICE: $1,300,000 BUYER: LocusPoint Networks LLC (Ravi Potharlanka, president/CFO SELLER: Abacus Television (Benjamin Perez, owner) BROKER: Greg Guy and Jason James of Patrick Communications FACILITIES: DTV Ch. 46, 0.674 kW, ant. 545 AFFILIATION: DRK
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W45EC-D Erie, Pa. — PRICE: $37,500 BUYER: DTV America Corp. (John Kyle II, president) SELLER: Channel 45 Media Association (Michael Tonges, managing partner) BROKER: Kristina Bruni of Bella Spectra Corp FACILITIES: DTV Ch. 30, 1.700 kW, ant. 1,024 AFFILIATION: CBS
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K24JP Anchorage, Alaska — PRICE: $20,000 BUYER: Centro Familiar Cristiano (Arturo Gonzalez, president) SELLER: One Ministries Inc. (Keith Leitch, president) FACILITIES: DTV Ch. 24, 2.500 kW
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BRAND CONNECTIONS
K36JH Barstow, Calif. — PRICE: $5,000+ BUYER: Brent Gaddis SELLER: David Primm FACILITIES: Ch. 36, 9.500 kW, ant. 1,506 AFFILIATION: IND
Comments (2)
Keith ONeal says:
March 10, 2015 at 10:57 pm
1.3 Million for a LPTV station that’s dark (off the air). WTF?
Jim Church says:
March 11, 2015 at 1:13 am
This Class A station has an estimated opening bid by the FCC of $87 million using the currently proposed formula of 25% for pop count (423,000), a contour-based interference count of 80, and using the pre-AWS K factor of 900. If the newly proposed EOBC formula’s are used the opening bid prices go much higher. With estimated closing bid prices thought to be about 1/10th of opening, this dark Class A could vetch $8-10 million when done. The selling price may or may not be an indication of the “deal”, just the price associated with the transaction. Hopefully that answers your WTF with the facts as we know them today. Collectively over 400 Class A stations have more than $50 billion in opening bid prices, go figure that one out.