Chicago-based radio and television company buying...

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Posted by Insider on May 15, 2010 at 09:08:13:

Polnet Communications Ltd., the Chicago-based radio and television company closed on its purchase of Milwaukee-area TV station WPVS-LP/Channel 29 this week from Sheboygan Community Broadcasting, LLC for a purchase price of $295,000.00. WPVS also has a construction permit for digital channel 30. Bob Heymann, the Director of the Chicago office of Media Services Group, served as the exclusive broker representing the seller in this transaction. Polnet recently purchased television station WPVN in the Chicago area. The company also owns four radio stations in the Chicago market. Obviously, an expansion into the Milwaukee TV market is happening, but is an expansion into the Milwaukee radio market next? Is this purchase of an LP TV station only step #1 of their plan...?

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