Equity Deals 8 LP Stations to Midessa

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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

Michael Malone is content director at B+C and Multichannel News. He joined B+C in 2005 and has covered network programming, including entertainment, news and sports on broadcast, cable and streaming; and local broadcast television, including writing the "Local News Close-Up" market profiles. He also hosted the podcasts "Busted Pilot" and "Series Business." His journalism has also appeared in The New York Times, The L.A. Times, The Boston Globe and New York magazine.