OTA Broadcasting Grabs WYCN in Boston Market

Michael Dell pays $4 million for Binnie's independent

By Michael Malone -- Broadcasting & Cable, 1/17/2013 12:24:58 PM

OTA Broadcasting, a subsidiary of computer pioneer Michael Dell's MSD Capital firm, has acquired low-power WYCN, licensed to Nashua and airing in the Boston DMA, for $4.1 million. The seller is Bill Binnie's WBIN-TV.

WYCN is known as TV-13 Nashua and offers the tagline "My Family TV." WBIN, based in Derry, will continue to manage and program WYCN out of the WBIN studios.

"This kind of extraordinary profit shows we are on the right track," said Mark Graham, CFO of WBIN-TV.

Earlier this year, OTA Broadcasting agreed to acquire WLCW Providence, a CW affiliate, from Sinclair for $13.75 million. Last year, it picked up KVOS in Bellingham, Wash.