trending Market Intelligence /marketintelligence/en/news-insights/trending/QG0nLr0RShTFt3PmdU4S3Q2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Broadcaster pulls spectrum-less station sale

COVID-19 Lockdown Boosted Growth Of Digital Platforms

Asia-Pacific markets improve broadband speeds despite COVID-19 impact

Simplifying The Assessment of Company Fundamental Data

China COVID-19 Trends In TV, Video

Broadcaster pulls spectrum-less station sale

Hero Licenseco LLC has pulled its application to sell the license of KBEH in Los Angeles, a deal that had attracted special attention from the Federal Communications Commission.

Hero had planned to sell the KBEH license to KWHY-22 Broadcasting LLC, a subsidiary of Meruelo Group's broadcast segment, for $10 million. The deal was notable because although KBEH has full-power must-carry privileges, Hero sold the station's spectrum during the FCC's recent 600 MHz broadcast incentive auction. In conjunction with the deal, Hero and Meruelo entered into a channel-sharing agreement, under which the stations planned to share on a jointly licensed basis the 6 MHz channel assigned to KWHY, Meruelo's Los Angeles-based Spanish-language station. In addition, the two companies signed a local marketing agreement stating that Meruelo would program KBEH.

Hero said it was withdrawing the application but gave no reason as to the decision in a May 31 filing with the FCC.

In considering the application, the commission noted in early May that the deal was the first to propose the sale of a station that had relinquished its spectrum in the auction in conjunction with the implementation of a channel-sharing agreement.

While the application to sell the station has been pulled, the application for the channel-sharing agreement remains in place, a lawyer for Hero confirmed. It is unclear how Hero plans to proceed.

KBEH is not the only station that sold its spectrum during the FCC auction while retaining its license and must-carry rights. In February, the New Hampshire station WBIN announced that in addition to selling its spectrum in the auction, it had agreed to sell its remaining television license rights to a major television group for an undisclosed amount. NH1 News, which broadcast on WBIN, estimated the secondary sale to be worth $10 million to $30 million.