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| Are WEVV and its sister stations on the block? |
Communications Corp. of America (ComCorp), which owns and operates Evansville's CBS/Fox affiliate, WEVV, has put its TV stations on the market, according to a Broadcasting & Cable report.
The report cites two unnamed sources familiar with the company's plans.
Founded in 1989, ComCorp owns and/or operates 20 stations. Besides Evansville, the company's operations are in five Texas cities and four markets in Louisiana. At one time, ComCorp also owned a number of radio stations in Lafayette, La.; those stations were later sold to Regent Communications (now Townsquare Media).
The company filed for Chapter 11 bankruptcy protection in June 2006. It emerged in late 2007 under the control of Connecticut-based private equity firm Silver Point Capital, which also controls Granite Broadcasting.
ComCorp has not officially commented on its intentions, but Broadcasting & Cable 's Michael Malone points out that increased revenues resulting from the 2012 election have led several station groups (particularly those owned by private equity concerns) to think about cashing out.
When reached via email Tuesday morning, WEVV general manager Tim Black says he's not been told any decision to sell. "I'm not aware of any sale of ComCorp properties," he said. "It's business as usual."
I'll keep you posted.
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