FCC OKs ABC-FOX Duopoly in Greenville, NC

FCC OKs ABC-FOX DUOPOLY IN NORTH CAROLINA
[SOURCE: tvnewsday, AUTHOR: Harry A. Jessell]
The Federal Communications Commission has approved an ABC-Fox duopoly for the Bonten Media Group in Greenville-New Bern-Washington, N.C., the nation’s 105th largest TV market. According to filings at the FCC: 1) Piedmont Television is selling Fox affiliate WFXI along with its WYDO satellite in the market to Esteem Broadcasting for $5.9 million. Esteem is wholly owned by David Bailey of Marshall (IL). 2) At the same time, Piedmont is selling certain tangible assets of the stations to Bonten for $23.5 million. 3) Finally, Bonten has agreements with Esteem that will allow it to operate WFXI-WYDO is tandem with its ABC affiliate in the market, WCTI. In essence, the deals valued WFXI-WYDO at $29.4 million and puts Bonten is control of all the stations.
http://www.tvnewsday.com/articles/2007/11/06/daily.10/