In the ATSC 3.0 era, datacasting and broadcast internet could prove to be more lucrative opportunities for TV station licensees than the much ballyhooed NEXTGEN TV promise of better sound and improved picture quality — if the studies showing an irreversible shift to streaming from linear media are true.
This could explain why Edge Spectrum invested in developing a nationwide network of UHF television stations as the infrastructure behind what it envisioned as a new multicast content distribution platform.
Now, Edge Spectrum is divesting three properties. The buyer is a privately held TV station owner which enjoys shared services agreements with five different companies for some of the stations it doesn’t operate itself.
The buyer is SagamoreHill of Portland LLC, and it is agreeing to acquire the following properties from Edge Spectrum:
- WTKJ-LD 19 in Watertown, New York (FCC Facility ID 128834)
- KCKW-LD 25 in Eugene, Oregon (FCC Facility 188579)
- K32FW in Pierre, South Dakota (FCC Facility 129373)
A purchase price of $447,180 has been agreed upon by the parties.
A 50% deposit has been made with the execution of an asset purchase agreement.
There is no broker or finder associated with this deal.
Serving as the seller’s legal counsel is Aaron Shainis of Shainis & Peltzman.
SagamoreHill is today led by Chief Operating Officer Matthew Davidge.