Equity Media Holdings auction finds buyers for Michigan TV stations

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As part of its bankruptcy proceedings, Equity Media Holdings has auctioned off a number of its television stations, including the Marquette FOX affiliate and low power outlets in Detroit and Grand Rapids.

FOX affiliate WMQF TV 19 Marquette is Equity's only full-power station in Michigan and will be dealt to an organization identified only as MMMC for $100,000.

Religious operator Daystar Television Network will be acquiring low-power stations WUDT-CA Ch. 23 Detroit, currently an affiliate of the Spanish-language Univision network, and WUHQ-LP Ch. 29 Grand Rapids, current an affiliate of Spanish-language LAT TV as part of a 15-station agreement valued at $7.4 million.

The sales will need to clear hurdles through both bankruptcy court and with federal regulators.

 

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This page contains a single entry by Mike Austerman published on April 22, 2009 9:10 AM.

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