LIN TV announced it had entered into an agreement to sell Aloha Partners L.P. 32 lower 700 MHz licenses for an aggregate purchase price of $32.5 million in cash. The licenses are in the lower 700 MHz “C” block (TV channels 54 and 59) and are clustered in the Northeast and upper Midwest markets, as well as in south central Texas.
LIN TV Corp. and its subsidiaries have 29 owned and/or operated TV stations and Web sites in 17 U.S. markets, mostly in the top 75 DMAs. With the addition of the licenses from LIN TV, Aloha Partners will own over 270 of the 700 MHz licenses and coverage nearly 65 percent of the U.S. population and nearly 85 percent of the top 100 market population. Aloha has been testing mobile TV on its 700 MHz spectrum in Las Vegas and wireless broadband on the spectrum it has in Phoenix.
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