Media Industry
Industry: Email Alert RSS FeedFor sale: one ABC affiliate, nice location: Paxson may put TV station on the block to concentrate on infomercial network.(Paxson Communications Corp., WPFB-TV of Palm Beach, Florida)
Broadcasting & Cable, July, 1996 by Rathbun, Elizabeth A.
Paxson may put TV station on the block to concentrate on infomercial network
With Paxson Communications Corp.'s radio stations and Infomall TV Network (inTV) its top priorities, the company is considering selling its ABC affiliate in Florida.
Last week, Paxson said it has hired Alex. Brown & Sons Inc. to "advise it on strategic alternatives" for ABC affiliate WPBE-TV Tequesta/Palm Beach, Fla., ch. 25, and for its time brokerage agreement with UPN affiliate WTVX-TV West Palm Beach, ch. 34. WTVX-TV is owned by Whitehead Media Inc.
"The company would benefit through redeploying these assets into its two core businesses: inTV...and its Florida radio group," a Paxson news release says.
Besides a sale, swapping also is possible, Paxson...
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