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LPTV deal would have him developing "signature" programing
Morton Downey Jr., whose syndicated talk show in the 1980s was frequently associated with the term "trash TV," is planning a comeback.
Last week Downey's company, Los Angeles-based LDE Media Techniqs, signed a letter of intent to merge with Channel America Broadcasting, a dormant low-power TV network based in Lakeland, Fla.
Select Capital Advisers Inc., a Miami investment banking firm retained by Channel America, estimates the value of the proposed transaction at approximately $5 million.
If the deal goes through, Downey would become chairman of the merged company. He would also produce and co-host at least one new program, a news magazine tided Boyz Night Out. …
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Chicago Sun-Times; April 1, 1997
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