Categorized | TV & Radio

Univision buys former NBC affiliate WMGM for $6M

Posted on 12 July 2017. Tags: ,

WMGM TV 40

WMGM was an NBC affiliate until December of 2014.

Univision is shelling out $6 million dollars to buy WMGM-TV 40, a station licensed to Wildwood, N.J., on the fringe of the Philadelphia market.

Now an independent station, it was formerly an NBC affiliate serving Southeast New Jersey until December of 2014.

That’s the year Spectrum speculator LocusPoint Networks bought the station for $6 million, hoping to sell it at a profit in the incentive auction. WMGM had no takers in the auction and LocusPoint opted to sell the station to Univision at the same price it purchased it for three years ago.

Why would Univision buy a station, when the company also participated in the spectrum auction?

“WMGM presented us with an attractive opportunity to act on and we like the options that this asset offers us in a major U.S. market,” a Univision spokesman tells Media Moves. He would not say what the company’s plans are for the station.

Univision already has WUVP 65, an owned and operated station in Philadelphia.

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- who has written 4587 posts on Media Moves.

I'm an Emmy award-winning journalist, who's worked as an on-air reporter in Spanish and English-language television news. I've worked for Univision, Telemundo, CNN en Español and Los Angeles Fox and UPN stations before diving into a convergence model at the San Jose Mercury News. I have also held management positions in the online digital sphere - first as Managing Editor of IntersectionsSouthLA.org, followed by a role as the West Coast Web editor for impreMedia. I was president of the National Association of Hispanic Journalists from 2004 to 2006. I am also a freelance writer, reporter and producer. I founded Media Moves in June of 2007.

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I'm an Emmy award-winning journalist, who's worked as an on-air reporter in Spanish and English-language television news. I've worked for Univision, Telemundo, CNN en Español and Los Angeles Fox and UPN stations before diving into a convergence model at the San Jose Mercury News. I was president of the National Association of Hispanic Journalists from 2004 to 2006, and inducted into the Hall of Fame in August of 2016. As an online news manager, I was West Coast Web Editor for impreMedia and Managing Editor of IntersectionsSouthLA.org. In addition to running Media Moves, which I founded in June of 2007, I'm a regular contributor to Forbes and also do freelance work as writer, reporter and producer.
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