A low-power television facility serving the Duluth, Minn., and Superior, Wisc., viewing area is changing hands.
The buyer is the licensee led by CEO Louis Wall with one other Minnesota property, which is operated by Gray Television via a shared services agreement.
Wall-led SagamoreHill Broadcasting is agreeing to purchase KMYD-LD in Duluth from My Central Valley.
A $200,000 purchase price was agreed upon, with Roxzan Castro signing off on the sale for the seller, which is based in the Sacramento area. My Central Valley is a partnership between Roxzan and Josh Castro, and Thomas Driggers.
For SagamoreHill, COO Matthew Davidge was the signee.
Serving as the buyer’s legal counsel is Aaron Shainis of Shainis & Peltzman.
Once the transaction is complete, KMYD will join KXLT “FOX 47” in Rochester, Minn., as SagamoreHill’s second property in Minnesota. KXLT is operated by Gray via a shared services agreement.
Could Gray gain a similar relationship with KMYD? In Duluth, Gray owns KBJR-6 and maintains the “Northern News Now” brand seen across the NBC affiliate on KBJR-6.1, “CBS3” on KBJR-6.2, and “My9” on KBJR-6.3.