Telemundo Station KTLM (TX) Sells for $8.5 Million

Telemundo Rio Grande Valley has acquired KTLM Harlingen-Weslaco-Brownsville-McAllen (TX) for $8.5 million. The seller is Sunbelt Multimedia Company.

KTLM is a Telemundo affiliate airing on channel 40 in DMA No. 88.

Larry Patrick, managing partner of Patrick Communications, brokered the transaction.

Patrick had been appointed the receiver of the struggling station's license in 2012.

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.