Deal includes three Telemundo affils
NEW YORK — Los Angeles investor Roy P. Disney, through his newly formed Apogee Television, has agreed to buy four Arizona television stations.
Three of the stations, to be acquired from individual owner Jay Tucker for an undisclosed amount, are affiliates of Hispanic TV network Telemundo.
Apogee, which is wholly owned by Roy P. Disney, owns seven radio stations, including three in Tucson. Disney’s father, Roy E., is currently Disney’s vice chairman.
Apogee president Jim Johnson, who is based in Portland, Ore., said the Arizona properties will be run under the umbrella of the Apogee Cos., which was formed in 1992 as a general investment vehicle rather than a media consolidator.
“Our function is to keep Roy’s money diversified,” said Johnson, who noted he has invested in manufacturing, real estate and even cremation services.