Edge Spectrum, Inc. acquires 3ABN television stations

Edge Spectrum Inc. (ESI) announced today the acquisition of 60 operating low-power television stations and 10 LPTV construction permits from Three Angels Broadcasting Network (3ABN) in a move that the companies said “will continue and enhance the 3ABN mission.” The full terms of the transaction were not disclosed.
According to Vern Fotheringham, ESI chairman-CEO, this transaction has mutual benefits for everyone involved. “ESI is a company with a heart for faith-based broadcasters and this is an effort to help 3ABN continue to meet its mission. We are continuing our strategic alignments to help faith-based broadcasters leverage future broadcasting standards and technologies.” This acquisition is sure to be of benefit to IBN Television with it’s close partnership with ESI.