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Daystar OTA stations DTV question

Eric Stein said:
TexasTom said:
tripinva said:
Daystar has also bought WMAK in Knoxville. $2 million. Why don't I have the money to pick up these stations at bargain basement prices?

- Trip
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Yeah, I know what you mean...we're seeing some of the best deals on broadcast stations in almost twenty years! It would certainly be a great time to come into a few million dollars, wouldn't it?

$2 million isn't a whole lot of money for an on-air station in a market the size of Knoxville. Moving into some much smaller markets, I couldn't help but notice that the price that Max Media is paying for those three Montana Fox affiliates works out to $433,000 each.
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WMAK is a full-powered VHF digital station in Knoxville (and will be one of only two VHF DTV's in Knoxville after the transition is over, if that really makes much of a difference). Raycom could have purchased the station and move WTNZ down the dial, giving them a prime channel position.

TexasTom said:
It makes me wonder what sort of prices the Johnson Broadcasting stations in Dallas and Houston (KLDT/54 and KNWS/51, respectively) will eventually go for? Since Johnson Broadcasting is currently in bankruptcy, I figure there is a pretty good chance that we'll find out...
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WBKI, the CW in the Louisville market, is also on the block and will be sold in an auction (starting bids are at $750,000!). Since Daystar is on a subchannel of WBNA 21, I don't know if they would consider breaking away from their current affiliation and buy the station, but anything can happen. Louisville is a market where TBN doesn't own a station - full-power or translator/low-power - either.

What would be most surprising is if they find a way to buy KRON at a bargain basement price (highly doubtful though)!
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Eric Stein said:
What would be most surprising is if they find a way to buy KRON at a bargain basement price (highly doubtful though)!
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Two problems with this...

1) KRON 4 is the MyNetwork affiliate in the Bay Area (I don't think MyNetwork would let KRON go without a fight ESPECIALLY to Daystar or ION)

2) CBS owns the CW affiliate in the Bay Area as part of a duopoly with KPIX 5 (KBHK 44 I believe & don't think CBS is that desperate to drop the CW)

Nice try though....

Cheers :)
 
Pat Cook said:
Two problems with this...

1) KRON 4 is the MyNetwork affiliate in the Bay Area (I don't think MyNetwork would let KRON go without a fight ESPECIALLY to Daystar or ION)
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I don't think My has much leverage here, especially if the bankruptcy court thinks a sale to Daystar or ION would be the best way to compensate Young's creditors.
 
tripinva said:
PTBoardOp94 said:
On the topic of cheap TV stations

WAZE-TV and its translators (CW, Evansville, IN market) sold in March for the grand total of $50,000!
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WAZE-TV is effectively worthless. There's an analog tower setup and no digital gear. The buyer basically bought the license and has to rebuild the station from the ground up. The digital CP specifies a site that is unusable, I'm told, and the station will be going off the air on June 12 unless something changes and fast.

Actually, it sounds a lot like the Equity stations.

- Trip
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Effectively, they're paying $50k for the license -- functionally, it doesn't sound all that much different from buying a construction permit (although from a legal and regulatory viewpoint, there is a real difference). $50k for a full power TV license would have seemed like an incredible bargain a couple years ago. Now...well, I think that we'll be seeing several more sales at prices that would have been shocking not very long ago.
 
tripinva said:
I have so many ideas that I'd love to implement at some stations as subchannels. This is so frustrating seeing stations going for pocket change.

I can only imagine KLDT and KNWS selling cheap as well.

- Trip
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Which will be painful for Johnson Broadcasting, whenever they sell those stations. In 2000, they actually had KLDT under contract for $35 million, but the sale never consummated.

Today, I think that they would be very lucky if they managed to get as much as $10 million for that station. And my gut feeling is that it might be worth closer to $5 million.

It's got to be a real bear to be on the wrong end of a bursting asset bubble.
 
w9wi said:
Pat Cook said:
Two problems with this...

1) KRON 4 is the MyNetwork affiliate in the Bay Area (I don't think MyNetwork would let KRON go without a fight ESPECIALLY to Daystar or ION)
Click to expand...

I don't think My has much leverage here, especially if the bankruptcy court thinks a sale to Daystar or ION would be the best way to compensate Young's creditors.
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In that case, one of two things would happen....

1) Cox would buy it & make it a Fox/MyNetwork VHF-VHF duopoly with KTVU 2 (There's enough stations in the Bay Area to pull it off)

2) Fox itself would buy it & either have Cox run it for them since Cox owns Fox affiliate KTVU 2 or Fox could run it themselves as a MyNetwork O&O.

Either way, I don't see MyNetwork giving up KRON without a fight & (By your own admission) I don't think a bankruptcy court would give a rats moo who buys the station as long Young Broadcasting's financial obligations to their creditors are met.

Just my opinion....

Cheers :)
 
Pat Cook said:
Two problems with this...

In that case, one of two things would happen....

1) Cox would buy it & make it a Fox/MyNetwork VHF-VHF duopoly with KTVU 2 (There's enough stations in the Bay Area to pull it off)

2) Fox itself would buy it & either have Cox run it for them since Cox owns Fox affiliate KTVU 2 or Fox could run it themselves as a MyNetwork O&O.

Either way, I don't see MyNetwork giving up KRON without a fight & (By your own admission) I don't think a bankruptcy court would give a rats moo who buys the station as long Young Broadcasting's financial obligations to their creditors are met.

Just my opinion....

Cheers :)
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In the case of KRON, MNT just fills up two hours of broadcast time. They don't necessary thrive off of it - they could just give up the affiliation to KOFY or KICU and find other programming to fill those two hours with. MNT would be no big loss for KRON, although it would be hard for them to find quality syndicated product to fill the schedule given their financial situation.

I can just imagine a situation that if KRON was auctioned off, and Daystar (or even TBN) was the highest bidder (tell me, would NBC or FOX want a station that's now considered "damaged goods?"), there would be a lot of community outrage over it (especially given the political climate of the city), and the Mayor of San Francisco and City Council would get involved, turning it into a political issue like the KOCE debacle from a few years back.
 
Eric Stein said:
I can just imagine a situation that if KRON was auctioned off, and Daystar (or even TBN) was the highest bidder (tell me, would NBC or FOX want a station that's now considered "damaged goods?"), there would be a lot of community outrage over it (especially given the political climate of the city), and the Mayor of San Francisco and City Council would get involved, turning it into a political issue like the KOCE debacle from a few years back.
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Not to mention that the station would be the farthest to fall from grace, from one of the nation's best network affiliates, to a lowly religious repeater.
 
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