10 Pappas Telecasting stations, currently under bankruptcy protection, will go on the auction block Dec. 11, according to B&C.
13 Pappas stations have been operating under Chapter 11 protection since May. Shortly after, three of Pappas’ lenders pushed for involuntary Chapter 7 petitions for Pappas Telecasting chairman Harry Pappas and his wife.
Among the stations to go on the block: El Paso, Omaha and Sioux City.
Pappas owns 27 stations. The company recently sold six stations, mostly low power ones, in Nevada and California to Entravision for $4 million.