Quote from: mrschimpf;59979Pappas, which has been in wind-down mode for years under a bankruptcy trust, is selling WIWN to a company known as "Caballero Acquisition" for $1.8 million.
They mainly own a bunch of low-power do-nothing MTV Tres stations in California and Texas Viacom unloaded in one of their convoluted 'buy out a competing network and gut them for ours' schemes, but hopefully outside of adding a couple of subchannels, probably won't remove WeatherNation since Tres is already on cable market-wide and running a budding full-power operation is a lot different than little LP's simulcasting re-dubbed MTV programs.
Can someone explain how this channel is worth $1.8 million? Pappas certainly came out ahead on that one. I can't imagine it cost more than a fairly nice car to build this station (I've heard of low power operations that have actual programming being built for under $50k). They don't own their own tower and they don't have studio facilities. There's probably a computer or two sitting in a rack at the transmitter doing everything autonomously.