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Austin's KEYE sold to Sinclair

M

mmnassour

...along with others for about $200 million.

http://www.tvnewscheck.com/article/...ign=Sinclair+Buys+Four+Points+Media+For+$200M

Any thoughts?

-----------------------------------

DMAs 32, 38, 44 & 53
Sinclair Buys Four Points Media For $200M
The Four Points group includes seven stations in four markets, including the CBS affiliates in Salt Lake City and Austin, Texas. The seller is Cerberus, a private equity firm. Sinclair will operate the stations under an LMA prior to closing.
By Staff
TVNewsCheck, September 8, 2011 12:38 PM EDT

Sinclair Broadcast Group is buying the Four Points Media station group from Cerberus Capital Management for $200 million, Sinclair announced today.

The group comprises seven stations in four markets, reaching 2.65% of U.S. TV households.


The stations:

* KUTV(CBS)/KMYU (MNT) Salt Lake City (DMA 32)
* KEYE(CBS) Austin, Texas (DMA 44)
* WTVX(CW)/WTCN-CA(MNT)/WWHB-CA(Azteca) West Palm Beach-Fort Pierce, Fla. (DMA 38)
* WLWC(CW) Providence, R.I. (DMA 53)

(snip)

(sorry for the long link)
 
i know this a tv site, did sinclair once owned 103.5 in san marcos/austin or some other austin radio station.
 
This is a terrible move! Doesn't Sinclair already own KABB in San Antonio? Isn't there some sort of Overlapping ownership rule, since both markets are right next to each other?

Furthermore, I hate the graphics package that Sinclair has on most of their stations. Cheap cameras and on-air graphics just don't do the trick.
 
wild949austin said:
This is a terrible move! Doesn't Sinclair already own KABB in San Antonio? Isn't there some sort of Overlapping ownership rule, since both markets are right next to each other?
Click to expand...

Separate markets. For instance Belo owns both KVUE in Austin and KENS in San Antonio.
 
mr.ric said:
I thought KEYE was a CBS O&O at first...
Click to expand...

It was under CBS ownership between 2000 and 2007. Granite Broadcasting had it prior to that. Originally under local ownership when launched as KBVO in 1983.
 
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