The rapid acquisition of low-power television stations by the founder of 5-Hour Energy, Manoj Bhargava, as part of a large owned-and-operated strategy being carried out by Vince Bodiford, has continued with an agreement that will give NewsNet a property in Wyoming.
An asset purchase agreement dated January 26, filed with the FCC for regulatory approval on Wednesday, shows NewsNet parent Bridge News LLC strike a deal with the Julie Huang and Matthew Davidge-controlled Roseland Broadcasting that sees it acquire KXCY-LD in Cheyenne.
The station is licensed for Channel 18.
A $400,000 purchase price has been agreed to, with a $40,000 escrow deposit being held by Dan J. Alpert.
Serving as Roseland’s legal counsel in this transaction is Aaron Shainis of Shainis & Peltzman.