CircleSeven 1804 Posted May 18 Share Posted May 18 (edited) With CBS dropping the CW on WKBD, looks like Nexstar "might" have found a new home.... Looking at this paperwork, Adell Broadcasting is selling WADL to Mission Broadcasting for $75M. Nexstar will provided services to WADL, including an SSA, an option agreement, and sell of commercial time. Quote 1. An Agreement for the Sale of Commercial Time, pursuant to which Nexstar will sell advertising on WADL. 2. A Station Services Agreement (“SSA”), pursuant to which Nexstar will provide certain services to Mission in connection with the operation of WADL. Among other things, the SSA contains a delegation by Mission to Nexstar of authority to negotiate retransmission consent for the station. This is permissible under FCC rules because Nexstar owns no television stations in the Detroit, MI DMA, where WADL operates. 3. An Option Agreement pursuant to which Nexstar may acquire the license and assets of WADL subject to FCC consent. Edited May 18 by CircleSeven 4 Quote Link to comment Share on other sites More sharing options...
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