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Journal Broadcast Group Closes Sale of KMIR, KPSE

journal broadcast group logoJournal Broadcast Group has closed the sale of two Palm Springs stations, NBC affiliate KMIR and MyNetworkTV affiliate KPSE, to OTA Broadcasting for $17 million in cash.

OTA Broadcasting, which is backed by Dell CEO Michael Dell, has been “buying up independent stations with an eye toward selling the spectrum back to the government in the FCC’s planned incentive auction,” according to a TVNewsCheck report when the sale was announced.

OTA, based in Fairfax, Va., expands their portfolio to 10 stations with the acquisition.

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