Waukegan

Digity Acquires NextMedia

Update 10/28: The sale application for the NextMedia stations has been filed with the FCC. Digity will pay $84,972,500 for the 33 stations owned by NextMedia, while an additional $5,527,500 will go to the Mile High Station Trust for WFXF and WZSR. The latter two will be owned by Matrix Broadcasting run by Peter Handy, CEO of media broker Star Media Group and majority owner of Cohan Radio Group, which owns five stations in Sebring, FL. The two stations will have a shared services agreement with Digity in which Digity will supply technical, promotional, back office management, and other services related to the operation of the two stations. We also learned from the filing that Digity intends on completely folding GoodRadio.TV and Palm Beach Broadcasting into the new holding company. Original...[Read More]