Press Kit
In the sale of KARA, MVP provided the knowledge and the guidance that our Board of Directors and I were seeking. We are very grateful to them for making the sale process smooth, pleasant and profitable. It's a delight to work with the MVP Team.

Bob Kieve
President and GM, Empire Broadcasting Corporation
 
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May 07, 2010
Managing Director Elliot Evers quoted in the Wall Street Journal
Comcast Plans to Sell TV Station

By SHIRA OVIDE

Comcast Corp. said it plans to sell one of NBC Universal's three local TV stations in Los Angeles as the companies try to win regulatory approval for their proposed merger.

NBC Universal owns the NBC station in Los Angeles, a station affiliated with the company's Spanish-language network Telemundo and an independent Spanish-language TV station, KWHY.

The proposal to sell an L.A. station is the latest effort by Comcast to smooth the regulatory path for the company's plans to buy majority control of NBC Universal, which owns the NBC network, a movie studio, and 27 local TV stations around the country. Some rival companies, lawmakers and consumer groups have said the deal is anticompetitive and harmful to consumers.

An attorney for Comcast said in a letter to the Federal Communications Commission that the company would accelerate by six months plans to divest one of the Los Angeles stations, or put it in a trust to sell later. A Comcast spokeswoman confirmed the plans.

In general, FCC rules limit the ability of a single company to own two or more TV stations in the same city, but NBC Universal and other companies have temporary waivers or other exceptions to the rule in some cities.

The likeliest station for the auction block is the independent station, KWHY, according to a source familiar with the situation, but a sale may prove tough. "The market for television stations generally is quite weak," said Elliot Evers, managing director of Media Venture Partners, which handles TV station transactions. "There's no apparent buyer for that in my mind. It's just a classic case of the television industry having an extraordinary surplus of distribution and not enough content."


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