[BC] KGMB-KHNL-KFVE

[Jeff Bottalico]

Although I haven't seen anything on whether or not the FCC has approved this arrangement, KFVE is being sold but is to stay in the Hawaii News now mix.  the following is fron the Star Advertiser of 11-27.
 
KFVE-TV is being sold by Arlington, Va.-based MCG Capital Corp. to American Spirit Media LLC.
Under parent company Southeastern Media Holdings Inc., American Spirit Media and President and CEO Thomas Henson own, operate or have interests in six television stations in North Carolina, Virginia, Georgia, Iowa, Ohio and Mississippi.
The purchase price, which was unclear, includes KFVE-TV in Honolulu and its neighbor island sister-stations, KGMV-TV in Wailuku, KGMD-TV in Hilo and other assets. The neighbor island stations had been KGMB-TV sister-stations prior to the purchase of KGMB and the spinoff of KFVE by Alabama-based Raycom Media Inc.
The transaction is part of the $22 million paid by Hawaii News Now owner Raycom to MCG Capital as part of an October 2009 asset-exchange transaction.
Raycom owns KGMB and KHNL-TV in Honolulu, and the three stations operate under a shared services agreement involving combined news and other functions. The new KFVE owner plans to continue that relationship.
KFVE officials did not return calls seeking comment.
The application for transfer of control of the station's license has been added to the station's public file, as is required by law. The application also has been added, via online link, to the public file portion of the KFVE website.
Announcements of pending license transfers generally are required to be broadcast to alert any member of the public wishing to examine related documents or file an objection to the transfer.
------Jeff