FCC Deputy Video Division Chief Hossein  Hashemzadeh Set To Retire On January 3, 2020

We checked in with Hossein to make sure he is indeed retiring, and here is what he exclusively told us to share with you.

Hi Mike:
It is not a rumor.  My last day will be January 3rd.  I have been with Commission for 38 years . I started back in 1981 when the LPTV service came to life and I have been with Video Division since then. 

It has been a long journey along with LPTV licensees and I have seen ups and downs and I hope going forward they survive all the future challenges  which I have no doubts they will do so.  

I remember when I started with Commission TV spectrum was from channel 2 through 83, then came down to 69 in early 90s I believe, then of course to 51 during the DTV transition and now up  to channel 36. During all these changes the licenses managed to survive.  

I hope that I am remembered as a public servant that have contributed to the success of the TV translators and LPTV stations. I wish them all the best.






HC2 Broadcasting Completes $79 Million Financing
October 24, 2019

NEW YORK, Oct. 24, 2019 (GLOBE NEWSWIRE) -- HC2 Holdings, Inc. ("HC2" or the "Company") (NYSE: HCHC), a diversified holding company, announced today that its Broadcasting segment has completed the issuance of $78.7 million of new notes (the "Notes") by HC2 Broadcasting Holdings Inc. and certain of its operating subsidiaries (together, "HC2 Broadcasting").

Net proceeds from the financing will be used to retire HC2 Broadcasting's existing notes due 2019, as well as fund pending acquisitions, working capital and general corporate purposes.

The privately placed notes are comprised of a $36.2 million Tranche A piece funded by an affiliate of MSD Partners, L.P., along with a $42.5 million Tranche B piece funded by an institutional lender. The Notes, which have a blended PIK coupon rate of 9.6%, mature in October 2020.

"We are pleased to have completed the financing at HC2 Broadcasting," said Philip Falcone, Chairman, President and Chief Executive Officer of HC2. "With the completion of this financing package, we can focus our efforts on completing our technology and infrastructure upgrades, as well as the station buildout for our Broadcasting distribution platform. It's very exciting to see everything coming together as planned.  

We now have 184 operating stations and host over 70 different networks, including our own Azteca America Network, on these stations. With our planned acquisitions and station builds adding to our already expansive geographic coverage, we expect that we will continue to attract and host quality networks that wish to capitalize on the increase in cord cutting in the Cable & Television marketplace."

The Notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or the securities laws of any other jurisdiction, and may not be offered or sold in the United States absent registration or an applicable exemption from registration.

About HC2
HC2 Holdings, Inc. is a publicly traded (NYSE:HCHC) diversified holding company, which seeks opportunities to acquire and grow businesses that can generate long-term sustainable free cash flow and attractive returns in order to maximize value for all stakeholders. HC2 has a diverse array of operating subsidiaries across eight reportable segments, including Construction, Marine Services, Energy, Telecommunications, Life Sciences, Broadcasting, Insurance and Other. HC2's largest operating subsidiaries include DBM Global Inc., a family of companies providing fully integrated structural and steel construction services, and Global Marine Systems Limited, a leading provider of engineering and underwater services on submarine cables. Founded in 1994, HC2 is headquartered in New York, New York.

About HC2 Broadcasting
HC2 Broadcasting Holdings Inc. is the broadcasting subsidiary of HC2 Holdings, Inc. HC2 Broadcasting and its subsidiaries currently operate 184 operational stations, including 9 full-power stations, 52 Class A stations and 123 LPTV stations. In addition, HC2 Broadcasting and its subsidiaries have over 350 silent licenses and construction permits. The total HC2 Broadcasting footprint, excluding construction permits, covers approximately 60 percent of the U.S. population, in over 130 U.S. markets, including 9 of the top 10 markets across the United States. [All data as of 10/23/19]


Syes can help assist you in the filing of your FCC reimbursement forms for channel relocation funding, along with providing your LPTV, TV translator, or FM station with high quality transmitters!

Band I - Band III - Band IV&V & FM Transmitters.
Commissioning and Installations services.

Contact Mr Alessandro Annoni
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Broadcast Electronics has been in the broadcast industry as an American supplier for over 60 years, with an experienced team to help customers through every step of the FCC's repack process.

We have a complete line of LPTV transmitters and translators, and our knowledgeable team can help you identify the right equipment and provide the appropriate paperwork and advice. 

We will walk you through completing and filing your FCC forms, with advice and recommendations, so you can have confidence that the process is done right. The experts at Broadcast Electronics are your partners for a quick and worry-free experience with FCC reimbursement and guarantee the best equipment available.

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