You will be redirected back to your article in seconds

Paxson pays $35 mil for Ann Arbor’s WBSX

NEW YORK — Paxson Communications has added another UHF TV station to its lineup of 48 O&Os by purchasing WBSX Ann Arbor, Mich., from Blackstar Communications.

Paxson paid $35 million for WBSX and its sister outlet, the low-power W48AV, which factors out to 22 times cash flow, according to industry sources. James Oxendine, chairman and CEO of Blackstar, said the company sold WBSX and W48AV, which run Home Shopping Network programming, to “reduce our debt.”

But other sources say Blackstar will buy out Fox Broadcasting’s interest in KEVN-TV Rapid City, S.D., and its full-power satellite KIVV-TV. Blackstar and Fox formed a strategic partnership last year to buy the South Dakota stations for $14 million.

When Blackstar completes the buyout of Fox’s stake, these sources say, Home Shopping Network will increase its ownership interest in Blackstar from 33% to 45%. HSN supplies programming to two other Blackstar-owned TV stations, WBSF Melbourne, Fla., and KBSP Salem, Ore.

More Scene

  • Tiffany Haddish

    MTV Movie and TV Awards: 10 Standout Moments

    NEW YORK — Paxson Communications has added another UHF TV station to its lineup of 48 O&Os by purchasing WBSX Ann Arbor, Mich., from Blackstar Communications. Paxson paid $35 million for WBSX and its sister outlet, the low-power W48AV, which factors out to 22 times cash flow, according to industry sources. James Oxendine, chairman and […]

  • Michael B. Jordan

    'Black Panther,' 'Stranger Things' Reign at 2018 MTV Movie and TV Awards (Full List)

    NEW YORK — Paxson Communications has added another UHF TV station to its lineup of 48 O&Os by purchasing WBSX Ann Arbor, Mich., from Blackstar Communications. Paxson paid $35 million for WBSX and its sister outlet, the low-power W48AV, which factors out to 22 times cash flow, according to industry sources. James Oxendine, chairman and […]

  • Brandon Flynn, Timothy Granaderos, Alisha Boe,

    Alisha Boe Says Brock Turner Case Was Her 'Bible' for '13 Reasons Why' Season 2

    NEW YORK — Paxson Communications has added another UHF TV station to its lineup of 48 O&Os by purchasing WBSX Ann Arbor, Mich., from Blackstar Communications. Paxson paid $35 million for WBSX and its sister outlet, the low-power W48AV, which factors out to 22 times cash flow, according to industry sources. James Oxendine, chairman and […]

  • Yara ShahidiMTV Movie & TV Awards,

    Yara Shahidi, Noah Schnapp, More Talk the Dangers of Social Media at MTV Awards

    NEW YORK — Paxson Communications has added another UHF TV station to its lineup of 48 O&Os by purchasing WBSX Ann Arbor, Mich., from Blackstar Communications. Paxson paid $35 million for WBSX and its sister outlet, the low-power W48AV, which factors out to 22 times cash flow, according to industry sources. James Oxendine, chairman and […]

  • A Night in the Writers' Room

    Parity Takes Center Stage at Variety's 'A Night in the Writers' Room' Drama Panel

    NEW YORK — Paxson Communications has added another UHF TV station to its lineup of 48 O&Os by purchasing WBSX Ann Arbor, Mich., from Blackstar Communications. Paxson paid $35 million for WBSX and its sister outlet, the low-power W48AV, which factors out to 22 times cash flow, according to industry sources. James Oxendine, chairman and […]

  • American Black Film Festival opening night

    Trevor Jackson Was Originally Told He Was 'Too Young' to Star in 'Superfly' Remake

    NEW YORK — Paxson Communications has added another UHF TV station to its lineup of 48 O&Os by purchasing WBSX Ann Arbor, Mich., from Blackstar Communications. Paxson paid $35 million for WBSX and its sister outlet, the low-power W48AV, which factors out to 22 times cash flow, according to industry sources. James Oxendine, chairman and […]

More From Our Brands

Access exclusive content