Equity Media Sets Auction For Stations

By Michael Malone
( Broadcasting & Cable )
published

Equity Media will auction its 100-plus stations at 10 a.m. April 16 in Dallas. The stations are mostly small low-power outlets in markets ranging from Nashville to Las Vegas to Butte, Montana.

Patrick Communications is assisting with the auction. Interested parties are asked to submit a bid on or before April 13 that's at least equal to a minimum bid set out by Equity. Minimums range from $750,000 for KAMT Amarillo and $1.5 million for KKYK Little Rock to as little as $50,000.

Equity Media Holdings is operating under Chapter 11. It sold digital channel RTN for $18.5 million in June to help ease its fiscal woes.

Michael Malone
Michael Malone

Michael Malone, senior content producer at B+C/Multichannel News, covers network programming, including entertainment, news and sports on broadcast, cable and streaming; and local broadcast television. He hosts the podcasts Busted Pilot, about what’s new in television, and Series Business, a chat with the creator of a new program, and writes the column “The Watchman.” He joined B+C in 2005. His journalism has also appeared in The New York Times, The Philadelphia Inquirer, Playboy and New York magazine.