In every transaction there is a buyer and a seller. But, sometimes the buyer may not be the party set to operate the station it is acquiring.
That may be the case here, as a Beaumont, Tex., LPTV facility is going to a company with 11 television properties — and four separate shared service agreements allowing others to operate eight of them.
The station trading hands is K02RA-D, an LPTV facility in the Texas city that until now has been owned by Spirit of Prayer Ministries.
The buyer is SagamoreHill Broadcasting, operating as licensee “SagamoreHill of Beaumont LLC.”
The company is picking up the LPTV facility for just $23,000, and a $2,000 deposit has been made to the seller.
The licensee is led by member Julie Huang, who is based in Little Rock.
Will SagamoreHill run the LPTV facility, or will one of its shared services agreement (SSA) partners take over operations once SagamoreHill closes on the transaction?
Of the company’s stable of 11 stations, only one — NBC affiliate WLTZ-38 in Columbus, Ga. — is operated by the company.
Bahakel Communications operates WNCF-32 in Montgomery, Ala.; and KGLU-LD 17 in Ottumwa, Iowa.
Morgan Murphy Media operates KVCT-19 in Victoria, Tex., and KFJX-14 in Pittsburg, Kan., a station formerly operated via a SSA by Saga Communications.
Quincy Media is the operator of SagamoreHill-licensed KXLT-47 in Rochester, Minn.
Then, there is Cordillera Communications, owner of KRIS-6 in Corpus Christi, Tex., and the operator of SagamoreHill’s KZTV-10 in the market.
TV Companies with a presence in Beaumont include Sinclair Broadcast Group, which owns CBS affiliate KFDM-6; KBMT-12, a TEGNA station with ABC programming on its main signal and NBC programming on KBMT’s DT-2 signal; TEGNA’s KBMT-LD, a MyNetwork TV station; and Deerfield Media-owned and Sinclair-run FOX-affiliated KBTV-4.
With Hispanics comprising 13.4% of the population, K02RA-D could wind up becoming an affiliate of either Azteca América or Telemundo. Houston-based O&Os presently provide programming to the Beaumont-Port Arthur, Tex., DMA.