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WBIN to go dark after selling spectrum; NH1 News to go online-only

mvcg66b3r

mvcg66b3r

WBIN-TV announced today that it has been sold to the Federal Communications Commission (FCC) in a recently completed auction. The total proceeds from the complex transaction are estimated to be nearly $100 million dollars.

In a process called the “Spectrum Auction”, the FCC is purchasing local TV stations and reselling their over-the-air rights, or spectrum, to mobile telephone and wireless communications companies. These airwaves will be used to create lightning fast 5G wireless internet.

WBIN-TV sold its television broadcast rights in the auction for $68.1 million dollars. Additionally, it entered into a sale of its remaining television license rights to a major television group for an undisclosed amount but estimated by insiders to be an additional $10-30 million dollars. The total proceeds from these transactions are estimated to be nearly $100 million dollars. WBIN-TV was purchased a little more than five years ago for $9 million dollars.

WBIN-TV and its television operations will cease broadcasting in the coming months. The proceeds from the sale will be used by the company to acquire other media assets in the digital, outdoor and radio areas as well as for continued investment in its 19 radio stations and its digital news web business NH1.com.
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http://www.nh1.com/news/WBIN-TV-sold-in-FCC-Auction-NH1-News-to-invest-in-new-digital-platforms/
 
Contrary to what the title of this particular thread says (the article title doesn't say it; I have no idea where James got the idea from), WBIN is not "go[ing] dark." The article clearly states that its license is being sold to another broadcaster and it will be a channel sharing situation.

- Trip
 
The Union Leader article and the NH1 press release clearly state that WBIN's spectrum was sold in the auction and that the station will cease over-the-air broadcasting. I'm not sure what exactly is being "shared" in this scenario unless it's Binnie's network of translators.
 
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The quote in the first post of the thread says, "Additionally, it entered into a sale of its remaining television license rights to a major television group for an undisclosed amount but estimated by insiders to be an additional $10-30 million dollars." That means the WBIN license, independent of its spectrum, is being sold to another station owner. (Perhaps that's the license NBC is buying?)

- Trip
 
Depends who the channel sharing host is.

- Trip
 
raccoonradio said:
Yes Binnie has translators in places like Nashua but Ch 50 is going dark to sell spectrum space.
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Well, RF-Ch.35 is going dark to sell spectrum space. The eventual status of WBIN:50ʼs identity/programming/intellectual property rights (other than the news operations) is still being debated by us radio/TV geeks! :rolleyes:
 
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