Equity Deals 8 LP Stations to Midessa

Equity Media Holdings is selling eight low-power Texas stations to Midessa Broadcasting for $1.2 million. Robert H. Drewry is named as the buyer at Midessa.

The stations, Univision affiliates in Waco, Wichita Falls and Amarillo, include KEAT, KWKO and KUWF.

Equity is dealing its stations out of a bankruptcy agreement. It sold 60 of them, many low power, at auction in April, tallying over $21 million.

Patrick Communications brokered the Midessa deal.

Michael Malone

Michael Malone, senior content producer at B+C/Multichannel News, covers network programming, including entertainment, news and sports on broadcast, cable and streaming; and local broadcast television. He hosts the podcasts Busted Pilot, about what’s new in television, and Series Business, a chat with the creator of a new program, and writes the column “The Watchman.” He joined B+C in 2005. His journalism has also appeared in The New York Times, The Philadelphia Inquirer, Playboy and New York magazine.