WBIN-TV sold to FCC for $100 million, going off the air

WBIN-TV (BELD Broadband channel 21) announced Friday it has been sold to the Federal Communications Commission in a recently completed auction. Total proceeds from the complex transaction are estimated to be nearly $100 million.

WBIN-TV and its television operations, including NH1 News (as well as BELD Broadband multicasts Grit on channel 77 and ANTtv on channel 81), will cease broadcasting in coming months, it announced. Proceeds from the sale will be used by the company to acquire other media assets in the digital, outdoor and radio areas as well as for continued investment in its 19 radio stations and its digital news web business NH1.com.

WBIN-TV sold to FCC for $100 million, going off the air