KPSE Palm Springs, Calif., Deal Closes

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Mirage Media’s $5.7 million sale of KPSE Palm Springs, Calif., to Journal Broadcast Group closed.

Low-power KPSE is a MyNetworkTV affiliate.

The acquisition creates a duopoly for Journal, which owns NBC affiliate KMIR. “With two television stations in this market, we can better serve advertisers and viewers in the Coachella Valley and build an even stronger presence in the community,” Journal CEO Doug Kiel said when the deal was hatched in September.

Kalil & Co. brokered the transaction.

Michael Malone
Michael Malone

Michael Malone is content director at B+C and Multichannel News. He joined B+C in 2005 and has covered network programming, including entertainment, news and sports on broadcast, cable and streaming; and local broadcast television, including writing the "Local News Close-Up" market profiles. He also hosted the podcasts "Busted Pilot" and "Series Business." His journalism has also appeared in The New York Times, The L.A. Times, The Boston Globe and New York magazine.