Financially troubled Equity Media has acted quickly to kill some of its debt. The company announced today it will sell five low-power TV stations in southwest
TV Newsday reports the buyer, Luken Communications, is owned by two Equity Media execSs—Chairman, CEO and President Henry Luken and Thomas Arnost, CEO of Equity’s station group.
As I posted yesterday, the second-largest affiliate group of the Univision and TeleFutura networks had a net loss of $ 40. 7 million in 2007 and currently has more liabilities than assets.