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Sinclair looks to sell 30 percent of their TV stations and the Tennis Channel

Don CT said:
Tennis Channel is as good as dead now that they lost the French Open.
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The channel already goes into 24/7 rerun mode during the other three Grand Slam tournaments. That's six full weeks with no live tennis on Tennis Channel, soon to be eight -- the only weeks in the year that there's significant interest in tennis! Next up, several weeks of grass-court tournaments no one cares about, followed by a two-week blackout during Wimbledon.

Good luck marketing that to a potential buyer.
 
JeeperOne said:
There's only ONE statewide "Network" in Hawaii (Gray owned Hawaii News Now consisting of KFVE (MyNetwork TV), KGMB (CBS) & KHNL (NBC)). Nexstar owned KHON 2 (Fox) & Allen Media owned KITV 4 (ABC) are stand alone stations with their own translator networks
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In actually, the stations in Hawaii aren’t stand alones. Nexstar owns KHON and KHII, Allen Media owns KITV and KIKU, and Gray owns KGMB and KHNL.
 
Loganfly said:
It's been a while and no updates on it since. Guessing either the sale is dead or they are still looking into it
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It's likely that the announcement of the stations being for sale was a kind of solicitation for offers.

We sold one station before and from the first day of beginning the process (contacting potential buyers) to closing (the station in the buyer's control) was almost 1 year. The biggest delays were get the contract created, reviewed, and agreed upon and the seller lining up the money required. It's possible they are in the middle of this process.

Or it could be that there is no buyers.

Getting money is still pretty difficult right now especially for broadcast stations. Not many want to lend money to buy a rapidly depreciating asset and interest rates make it very hard to pay what buyers want while still having a safety net and rate of return that makes sense.

There also is the problem of not many existing broadcast groups can buy more stations because of ownership limits or debt limits. Then, outside of these broadcasting groups, there is practically nobody lining up to buy television stations.
 
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