The cable TV company that serves most of the communities in the Regional Radio listening area, is getting a new owner. New Wave Communications, based in Sikeston, Missouri, is selling its cable TV systems in Illinois, Indiana and Missouri, to an investment firm based in Overland Park, Kansas, called Rural Broadband Investments, LLC.
The application for transfer of control of New Wave, was filed with the Federal Communications Commission on February 18th.
That application was presented to the Taylorville City Council meeting Monday night, as the city had to OK the transfer of ownership of the cable TV franchise to the new owners. The motion to approve the transfer passed unanimously. New Wave regional manager Bill Flowers was in attendance at the Council meeting, but the Council had no questions on the transaction.
New Wave owns and operates cable TV systems in the Regional Radio listening area in Taylorville, Pana, Shelbyville, Hillsboro, and Litchfield, among other communities across central and southern Illinois.