This weekend I’m traveling by car to perhaps my 33rd NAB Show. I say perhaps because I’ve been going since 1983 but missed a couple and lost count. Continue reading NAB Shows of Days Gone By→
iHeartMedia today announced an agreement with its creditors to enter into Chapter 11 reorganization. This long-anticipated move will greatly reduce or eliminate the controlling equity Bain Capital and Thomas H. Lee Partners had held since taking control of Clear Channel Communications in 2008.
In San Diego, iHeartMedia owns five FM and two AM stations. Local operations are not greatly affected except that some equipment vendors are not extending credit.
HC2 filed with the FCC this week to buy KSKT-CD, a 3 kW channel 36 LPTV facility on Mt. Woodson, for $4-million from NRJ. NRJ had recently bought the station to serve as a relay for KSCI Los Angeles to replace KUAN-LD, a decades-old translator that would have been displaced in the repacking auction.
HC2, formerly known as Primus Telecom or PTGI and based in Herndon, Virginia, late last year purchased the Spanish language Azteca America network, and already holds licenses, or has entered into purchase agreements, for over 100 LPTV stations nationwide.