WLNY Owner Spinning Off LPTVs, Too

Michael Pascucci is liquidating all his TV assets. The North Palm Beach (FL) broadcaster who agreed to sell independent WLNY New York to CBS last month for $55 million is now selling the three co-located low-power stations to investors with ties to Hoak Media for $6.5 million, according to a Federal Communications Commission filing.

The facilities: WLNY-CA Mineola (NY), WLIG-LD Morristown (NJ), and W27CD Stamford (CT). The buyer — Local TV Media New York — is principally owned by two groups of investors: Rajendra Singh and family of Miami, and Columbia Capital.