WBIN sold at FCC auction for $100M, phasing out NH1 TV presence for digital expansion

Print Friendly
Screenshot from NH1’s website announcing the sale.

CONCORD, NH – The digital times, they are a-changing everything we know about news coverage and, especially delivery.

On Feb. 17, for example, NH-1 News reported that its parent company, WBIN-TV, was sold at auction for an unprecedented $100 million, making it “one of the most valuable media properties in the history of New Hampshire media,” according to owner and company president, Bill Binnie.

“I am incredibly proud of the people in our television, radio and digital media businesses. Many of our employees at WBIN-TV and NH1 News will be transferred to our new division. The sale of our television business makes strategic and financial sense. As a result of this sale, we will be making major new investments in our radio and digital businesses. We have the fastest-growing news web site in the state, NH1.com, with millions of page views per month and we will invest heavily in this area. Our 19 radio stations have experienced huge ratings increases and revenue growth. What we have achieved as a media business in the State of New Hampshire in the last few years is incredible,” said Binnie in the story posted Friday on NH1.

WBIN-TV broadcast operations will be phased out over the coming months. Proceeds from the $100 million sale will be used to acquire “other media assets in the digital, outdoor and radio areas” including digital news and web.

Click here to read the full story.

About Carol Robidoux 5217 Articles
Journalist and editor of ManchesterInkLink.com, a hyperlocal news and information site for Manchester, NH.