Pappas Picks MVP

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Pappas Telecasting  announced it has retained the investment banking firm Media Venture Partners (MVP) to help with strategic options. These options include “joint ventures, sale of KAZH-TV Houston and KAZA-TV Los Angeles, or a strategic alliance with Spanish-language content suppliers and equity investors,” the company said in a release.

Pappas Chairman and CEO Harry J. Pappas stated, “The burgeoning Hispanic media sector represents opportunities for substantial capital asset appreciation. Working with Media Venture Partners, we intend to assure that our companies’ economic interests are maximally served by thoroughly assessing all opportunities.”

Pappas, based in Visalia, Calif., owns 27 stations

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.