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Exclusive: Sinclair approaches Tribune Media about possible deal - sources

http://www.adweek.com/tvspy/is-sinclair-making-plans-for-changes-at-fcc/186530

Update Sinclair is allegedly lobbying to change ownership caps? But wait I thought congress and the courts has to debate over ownership caps on tv though? President Trump can't lift ownership caps? But Wait why is Sinclair only using facebook and Google as its talking points for advertisers. Isn't the real issue for the Sinclair/Tribune deal is to really rival the Media General/Nexstar merger as the biggest TV stations merger in history and that was just 2 months ago.

Sinclair Broadcast Group has approached Tribune Media to talk about a potential “combination.” From Reuters:

A deal between Sinclair and Tribune Media, which have market capitalizations of $3.8 billion and $3.3 billion respectively, would combine two of the largest U.S. local TV station owners and face regulatory curbs on how many households they can reach.

Analysts have said the broadcast industry hopes President Donald Trump will lift caps on ownership concentration, allowing it to compete for audiences and advertising dollars against Facebook Inc and Alphabet Inc’s Google.
Under current FCC regulations no station group is allowed to reach more than 39 percent of U.S Households. Sinclair already owns, operates or provides services to 173 stations in 81 markets, putting it at 38 percent. Tribune has 42 owned or operated stations and is at 44 percent.
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KeithE4 said:
Tribune has only owned KTLA since 1985, 32 of its 70 years as a commercial station, 75 years total. It was first licensed as a commercial station in 1947, going through Paramount and Gene Autry/Golden West ownership before that. In any case, history means squat.

WGN is another story, having been owned by the Chicago Tribune under its various corporate banners since Day One in 1948, coming up on 69 years. Still means nothing.
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And let's not forget WPIX, also a Tribune property since Day One (6-15-1948).

KWGN-TV in Denver (acquired in 1966), though now marginalized as the secondary partner to KDVR, can be added to that group also. Tribune's Big Four.
 
i'm surprise no one has mentioned the Dallas-Fort Worth TV market yet.

if this merger goes though, Sinclair would enter the DFW market by buying out KDAF CW 33.

the only impact this thing will have is a ownership change at KDAF and not to mention Ring Of Honor Wrestling would leave it's current DFW TV home of KTXD 47 to move to KDAF owns the Sinclair deal goes though cause ROH is owned by Sinclair and they tend to air ROH on all their stations. right now, Sinclair has no station in this market they own and they are syndicating ROH to KTXD which that station is owned by London Broadcasting (who did not sale this station with the other stations they sold to Gannett/TEGNA a few years ago.)and KTXD is run so cheaply, ROH looks like it airing like it's streamed instead of what it normally looks like on other stations that aired it.

so if Sinclair does buy Tribune and enter the DFW market, hopefully, ROH gets a better TV home out of KDAF then it's current TV home of KTXD.
 
mvcg66b3r said:
No, Sinclair would get WXIN while WTTV/WTTK would go to CBS. BTW, Indy is an AFC market.
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Why would they be split up? Is CBS interested in a mid-20s market, even with an NFL team that they broadcast most weeks?
 
if KDNL gets sold, what happens to The Allman Report? does it move to KTVI/KPLR? would another group actually start a real "fake" news department at KDNL?
 
Where I live either WWMT which Sinclair owns bought it in 2012 5 years ago from Freedom, FOX17 which Tribune owns will have to sell one of the stations. As Nexstar owns 2 full power stations Wood TV & WOTV when they merged with Media General a couple of months ago who got those stations with there merger of LIN TV in 2014.
 
Sinclair may be anticipating that ownership caps will be relaxed under the current administration. The deal doesn't really make sense otherwise. While the cable networks included are high profile, the vast majority of the revenue and profit come from the local stations. I wouldn't mind seeing RoH Wrestling and 'Full Measure with Sharyl Atkisson' get clearance on WGN-A.
 
Rollo-Smokes said:
KWGN-TV in Denver (acquired in 1966), though now marginalized as the secondary partner to KDVR, can be added to that group also. Tribune's Big Four.
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I am surprised KWGN is still owned by Tribune since everyone there is an employee of KDVR. If this does goes through I see Sinclair taking control of both KWGN and KDVR.
 
Will_H_69_9 said:
i'm surprise no one has mentioned the Dallas-Fort Worth TV market yet.

if this merger goes though, Sinclair would enter the DFW market by buying out KDAF CW 33.

the only impact this thing will have is a ownership change at KDAF and not to mention Ring Of Honor Wrestling would leave it's current DFW TV home of KTXD 47 to move to KDAF owns the Sinclair deal goes though cause ROH is owned by Sinclair and they tend to air ROH on all their stations. right now, Sinclair has no station in this market they own and they are syndicating ROH to KTXD which that station is owned by London Broadcasting (who did not sale this station with the other stations they sold to Gannett/TEGNA a few years ago.)and KTXD is run so cheaply, ROH looks like it airing like it's streamed instead of what it normally looks like on other stations that aired it.

so if Sinclair does buy Tribune and enter the DFW market, hopefully, ROH gets a better TV home out of KDAF then it's current TV home of KTXD.
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I would love to see Sinclair enter in the DFW market. Hopefully it'll shape up KDAF (and also KIAH in Houston) to make it look like an actual CW affiliate like most Sinclair-owned CW stations instead of a Fox-wannabe (even though KDAF was affiliate with Fox until the 1994 shake up). Keep the affiliate and programming, add local promos, more sports coverage, and maybe a partnership with another newscast (either with WFAA or perhaps KXAS) instead of their so-called "anchorless newscast" Newsfix (or what I like to call it Newsbroke).

However, I can still see the CW move over to CBS-owned KTXA and have KDAF go indepenedent as well.
 
What about radio stations both Sinclair and Tribune has such as KOMO Radio Seattle and WGN-AM Chicago those stations along with a few other TV stations would either have to turn in their license to the FCC (Like what Entercom did to KDND Sacramento because of a scandal from a decade ago plus the recent pending deal with CBS Radio) or sell some of their tv stations to Gray, Hearst, Raycom, Scripps or to subcontractors like Mission Broadcasting, Vaughan Media and Marshall Broadcasting These are broadcasting companies that own stations but carry Nexstar content.

https://en.wikipedia.org/wiki/Mission_Broadcasting
https://en.wikipedia.org/wiki/American_Spirit_Media
https://en.wikipedia.org/wiki/Vaughan_Media
https://en.wikipedia.org/wiki/Marshall_Broadcasting

If your wondering who these companies are they are owners of the license of certain TV stations, Transmitters and studios. But Companies like Raycom, Nexstar, Tribune and Sinclair provide the News department, network affiliation and cable carriage contracts to the station. This is there mainly to go around the ownership caps in some markets.
 
I think it is more likely that Tribune will sell off some TV stations will not merge with anyone. I just highly doubt that Sinclair can buy Tribune whole and maybe they buy a few stations from Tribune or another TV station group will not know unless it's rumors or that a deal is final Tribune selling a few TV stations to another TV station group.
 
http://nypost.com/2017/03/14/sinclair-tribune-merger-would-surpass-fcc-ownership-rules/

Update by NY post if true

Two of the biggest TV-station owners in the US are nearing a deal for a multibillion-dollar merger that would blow past ownership limits long set by communications regulators, several sources told The Post.

Sinclair Broadcast Group appears ready to acquire all of Tribune Media Co.’s assets, which include stakes in the Food Network and the WGN cable network, as well as 42 local TV stations nationwide, the sources said.

President Trump’s new Federal Communications Commission Chairman Ajit Pai is widely expected to lift ownership caps, which currently prevent media companies from having stations reaching more than 39 percent of households. Sources say the two parties are waiting to see what the FCC does, but could also figure out ways to work around the existing rules.

Sources believe the rule change could come as soon as this week or next. The FCC chairman has said he believes the media ownership rules are ready for a shake-up, and that the days of people waiting for the local news to update them at 11 p.m. date back to the era of “The Love Boat.”

“The talks have been going well. Sinclair expects to close soon,” a source close to the negotiations told The Post. “As soon as it gets the FCC thumbs-up, it’s a done deal.”

The two parties are said to be discussing a price tag of $40 to $41 a share, consisting of an almost all-stock swap plus a small amount of cash.









Tribune Media stock closed the Tuesday session at $38.03. Its shares have risen 18.9 percent over the past month. News of the Sinclair approach on March 1 was first reported by Reuters.


The huge merger is coming together in part because of a close relationship between Sinclair’s executive chairman and former CEO, David Smith, and Trump, sources said. Smith is a well-known contributor to Republican causes.

“David Smith goes to see Trump and Trump says, ‘What do you need to happen in your business?’ ” says a source familiar with the meeting. Another person confirmed that a meeting took place and potential FCC rule changes were discussed.
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Write letters to the FCC NOW to say NO to this. This is horrendous! Tribune/Sinclair can't happen AT ALL.
 
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