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Cox looking to sell KIRO?

The headline says one thing, and the article says something else. No where does Cox say they want to sell stations. They want to explore partnerships to make a larger company.
 
TheBigA said:
The headline says one thing, and the article says something else. No where does Cox say they want to sell stations. They want to explore partnerships to make a larger company.
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Yeah, bizjournal got it wrong. Cox is looking how to expand their tv business opportunities. Seattle and Atlanta are good revenue markets the last I checked.
 
I agree Cox is looking to merge versus cash sale. With all the poorly written articles surprised they are not speculating Bonneville will buy CH7 back.

With all the wild guessing, here is my wild prediction! Maybe a Bonneville, Cox Merger! Bonneville has a TV station and radio. Cox has several TV stations and a few radio properties.
 
Maybe if the Sinclair-Tribune deal ultimately is terminated and scrapped, maybe Cox can merge with Tribune? (Except then the new company would have to divest either KIRO or KCPQ here in Seattle)
 
Given the current size of Sinclair and with the recent announced merger of Raycom and Grey, Cox is at risk of becoming a medium-sized group owner. It seems like Cox is sniffing around that they're open to similar options. Those options could include everything from a straight buy-out, or merger, if the conditions were right.
 
https://www.bizjournals.com/baltimo...roadcast-ceo-eyes-deal-for-foxs-regional.html

Yes thats Right Sinclair is named as the rumored party to get Cox TV stations including KIRO-TV

Sinclair Broadcast Group Inc. is eyeing potential deals with its attempted takeover of Tribune Media Co. a thing of the past.

CEO Chris Ripley said Tuesday the pipeline for mergers and acquisitions "is quite full right now." In particular, Hunt Valley-based Sinclair could look at acquiring 14 TV stations currently owned by Cox Enterprises Inc. or 21st Century Fox Inc.'s portfolio of 22 regional sports networks.

Ripley called the regional sports networks an "interesting fit" because Sinclair's already has the infrastructure in place to improve production, administration and sales for the networks. Sinclair (NASDAQ: SBGI) is the largest TV broadcaster in the U.S. with 191 television stations in 89 markets.

The regional sports networks are up for sale because the Walt Disney Co.'s (NYSE: DIS) acquisition of Fox (NASDAQ: FOX). The U.S. Department Justice made the sale of the networks a condition for approval of the $71 billion deal. Guggenheim Securities valued the package at $22.4 billion, the Los Angeles Times reported.

""It’s a very interesting fit," Ripley said "It of course has to be at the right value. It has to be accretive."
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I see Sinclair picking up the RSN's more likely than the Cox group. Sinclair has been dabbling in other sports channels anyway, including the Tennis Channel.

As David mentioned; due to tax implications alone, Cox is probably looking to grow or become a larger player through a merger with an existing similar sized group or groups.
 
What would happen if KIRO gets bought out by Sinclair? KOMO and KUNS are already Sinclair-owned. Does CBS go after KIRO to become an O&O with KSTW?
 
crainbebo said:
What would happen if KIRO gets bought out by Sinclair? KOMO and KUNS are already Sinclair-owned. Does CBS go after KIRO to become an O&O with KSTW?
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I don't know if CBS is in the mode to be expanding their owned stations at this point, but I suppose anything is possible, and Seattle is a strong market by all indications. The fact that they are already in the market with KSTW would perhaps be an advantage, and could bring back local news to KSTW under the KIRO umbrella. Not sure this is in the works, but could be workable. KSTW has a strong history of local news so it wouldn't be such a longshot.
 
I think the big problem with CBS right now is the lack of a CEO. That makes it difficult for them to make these kinds of purchases, at a time when they may be combining with Viacom.
 
TheBigA said:
I think the big problem with CBS right now is the lack of a CEO. That makes it difficult for them to make these kinds of purchases, at a time when they may be combining with Viacom.
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Maybe, but perhaps there are still people in play that can make these decisions. Buying KIRO might indeed be a no-brainer. But all bets are off. Stay-Tuned!
 
seatownmedia said:
KSTW has a strong history of local news so it wouldn't be such a longshot.
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KSTW has been an 'indie' for over twenty years and has been operating with decent margins. Doubt they would have the wherewithal to ramp up an also-ran position for local news in an already saturated local news TV market. Besides, as even you noted, KSTW tried that before and it was a huge failure.
 
Kelly A said:
KSTW has been an 'indie' for over twenty years and has been operating with decent margins. Doubt they would have the wherewithal to ramp up an also-ran position for local news in an already saturated local news TV market. Besides, as even you noted, KSTW tried that before and it was a huge failure.
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Agreed, but I was referring to the other poster's idea of CBS buying KIRO, and then using KSTW as a primetime sister, much like KCAL does for KCBS L.A.
 
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