Nearly three years ago, former HC2 Holdings executive Phillip Falcone returned to low-power TV ownership through the acquisition of two stations on the West Coast. Greg Guy, today with Tideline Partners, brokered that deal. A third property, in Seattle, was acquired in a separate deal.

Now, he’s the broker conducting the sale of the three stations from Sovryn Holdings.

For $11.7 million dollars, Sovryn, today led by EVP Thomas Amon, has signed off on the sale of the following properties to Daystar parent Word of God Fellowship:

• KNET-CD, using PSIP Channel 25 and on digital Channel 32
• KNLA-CD, using PSIP Channel 20 and on digital Channel 32 (via a channel-sharing arrangement with KNET)
• KYMU-LD 6 in Seattle

A $585,000 escrow payment has been made to Sovryn, and is being held by Shainis & Peltzman. 

Representing the buyer is Mark Denbo of Smithwick & Belendiuk.

Guy tells RBR+TVBR the acquisition of the three stations by the Daystar operator is designed to provide it more 6 MHz coverage in Los Angeles, and fill-in areas where its Spanish-language religious network has not had a significant presence.

For Sovryn, the sale likely concludes an effort to launch “GoTV” as a comprehensive broadcast over-the-air platform. At present, KNET and KNLA are offering brokered programming to Southern California viewers. This could continue for Word of God, with the content shifting to digital multicast channels.

As of October 2019, KYMU was airing COZI TV on Channel 6.1 and Light TV on its DT2 signal. It has a transmitter on the KIRO-7 tower. RBR+TVBR in August 2019 reported on the launch of KYMU, formerly KDMD-LD. It was purchased by Seattle 6 for $850,000 — sold by Denver Digital Television.

Sovryn agreed to purchase KYMU for $1.75 million while signing an asset purchase agreement for KNET and KNLA valued at $10 million.