Arlington Capital Partners (API) is making its first venture into...
Arlington Capital Partners (API) is making its first venture into TV station ownership, buying KSBY (Ch. 6, NBC) San Luis Obispo, Cal., for $39.5 million and KVII-TV (Ch. 7, ABC) Amarillo, Tex., for $16.85 million. ACP formed New Venture…
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Group, headed by veteran broadcasters Jason Elkin and John Heinen, to manage stations and others it plans to buy. ACP Managing Dir. Perry Steiner said group was close to final deal to purchase 2 more stations (unidentified) and plans to acquire up to 15 underperforming network affiliates. “We believe the fundamentals of TV are strong today,” he said, and “this is an attractive time to enter the broadcasting industry.” SJL Communications is selling KSBY, Marsh Media KVII-TV.