Channel Sharing Would-Be Deal Partners Meet With Media Bureau
Attorneys for two broadcasters involved in a channel sharing deal that are also seeking to have a transaction approved by the FCC met with Media Bureau Chief Michelle Carey and her staff Wednesday, an ex parte filing said. Under the…
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proposed deal, KWHY Los Angeles would buy its incentive auction-related channel sharing partner, KBEH(TV) Oxnard, California (see 1705090067). The stations expect the deal to be approved before they implement the sharing agreement, the broadcasters said. The deal would be a “like-kind exchange” for tax purposes, “pursuant to which KWHY would use the proceeds of its own auction sale to reinvest proceeds in the purchase of KBEH, as permitted under the tax laws,” the filing said (see 1511250050).