In 2021, Philip Falcone took the helm of Sovryn Holdings, a newly created entity that started signing off on asset purchase agreements for low-powered television stations across the U.S.

Election Night Proves It: Hyperlocal Is LPTV’s Franchise
On election night, nobody with a national budget covers the county commission race. An LPTV station twelve miles away can, and that capability is the most durable franchise in American television.

