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Six Pappas stations to go on the auction block


Samantha

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It's the chance of a lifetime! We've been talking about them for years! Now NTV Nebraska is going under the hammer! The six-station package includes both NTV full-power stations, KFXL Lincoln, plus their LPTV relays in McCook, O'Neill and North Platte.

 

If you are a qualified bidder, you can get your bids in for the October 19 deadline. If they need an auction, it'll happen at the offices of some law firm in Wilmington, Delaware on the 27th.

 

Mr. Cieloha must be really excited right about now!

 

Pappas will be left with KCWI (awaiting consummation of sale to Nexstar) and KDMI in Des Moines, WLGA Columbus, GA (spectrum bait in all likelihood), and its 80% stake of KAZA Los Angeles (20% stakeholder: Televisión Azteca, which unfortunately for them can't buy the rest).

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Gray certainly can't get them or they would have a crushing load on Nebraska, practically owning the state outside Omaha.

 

Based on who owns in adjacent markets...Media General makes the most logical sense. Would MG also be able to acquire KLKN to get them under common ownership?

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If an actual media company (and not a spectrum speculator) buys them I have a feeling that they will either 1. buy KLKN and merge their operations (in the process putting Fox on the .2 slot) or they will take the affiliation away from KLKN but putting ABC on KFXL (again putting Fox on .2)

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