Arlington Capital Partners (API) is making its first venture into TV station ownership, buying KSBY (Ch. 6, NBC) San Luis Obispo, Cal., for $39.5 million and KVII-TV (Ch. 7, ABC) Amarillo, Tex., for $16.85 million. ACP formed New Venture Group, headed by veteran broadcasters Jason Elkin and John Heinen, to manage stations and others it plans to buy. ACP Managing Dir. Perry Steiner said group was close to final deal to purchase 2 more stations (unidentified) and plans to acquire up to 15 underperforming network affiliates. “We believe the fundamentals of TV are strong today,” he said, and “this is an attractive time to enter the broadcasting industry.” SJL Communications is selling KSBY, Marsh Media KVII-TV.
Affordable Connectivity Program (ACP)
What is the Affordable Connectivity Program (ACP)?
The Affordable Connectivity Program was a recently expired subsidy for low-income households to lower the cost of purchasing broadband internet and connected devices. The program was signed into law as part of the 2021 Infrastructure Investment and Jobs Act and administered by the FCC up until June 1, 2024, due to expiration of the ACP’s funding.
Will the ACP Return?
Congress continues to debate restoring ACP funding, with immediate next steps likely to come from the Senate Commerce Committee or Congressional discussions on revising the Universal Service Fund.
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