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Equity Stations Get $21 Million in Auction

Equity Media Holdings Corporation auctioned off 60 stations yesterday for a total price of $21.28 million. The big buyer was Daystar Television Network, which purchased seven full-power, eight low-power and one Class A station for $7.4 million, including WNGS Buffalo.

Equity was obligated to bring its stations to auction as part of its bankruptcy agreement. Other buyers include Max Media, which shelled out $1.3 million for three full power and one low-power station, and Valley Bank, which grabbed three outlets, including KQCK in Cheyenne, for just over $7 million.

Patrick Communications acted as the broker.

Several stations remain for sale, including Kansas City Univision outlet KUKC and Cheyenne ABC affiliate KDEV.

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.