Newly created Northstar Media bought 30 TV stations...
Newly created Northstar Media bought 30 TV stations from Una Vez Mas, Northstar said in a news release Monday (http://bit.ly/1ePjYmQ). The deal makes Northstar, which is subsidiary to a company whose managing members are also the managing members of corporate…
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lender Northlight Financial, “the largest U.S. affiliate group” of AIC’s Azteca America TV network, Northstar said. The stations in the deal provide Spanish language programming in California, Nevada, Arizona, New Mexico, Texas, Louisiana, Georgia, Maryland and Florida, and include full-power stations in the San Francisco, Dallas and Houston markets, the company said. Azteca America network programming will be shown on Northstar’s TV stations for “a substantial part of the broadcast days,” Northstar said. AIC was also involved in the UVM transaction, as all of UVM’s “remaining non-broadcast operations” were bought by AIC subsidiary Stations Group, it said. Stations Group will provide services to the Northstar-owned stations through a sharing agreement, Northstar said. The FCC approved the transaction, which didn’t require any waivers of the commission’s ownership rules, said broadcast attorney Jack Goodman, who represents Northstar.