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Exclusive: Sinclair approaches Tribune Media about possible deal - sources

RadioPatrol said:
An Update Sinclair's Associated Sidecar companies are in the Spotlight
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As I said in an earlier comment, if Entercom could have done this with the radio stations they bought, they would not have spun off as many stations as they did. If it's illegal for Entercom, then it should also be illegal for Sinclair.
 
TheBigA said:
As I said in an earlier comment, if Entercom could have done this with the radio stations they bought, they would not have spun off as many stations as they did. If it's illegal for Entercom, then it should also be illegal for Sinclair.
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True the problem here is that whenever people talk about media ownership concentration in the past its usually to go after Comcast, Fox, Disney, National Amusements, Iheart and Cumulus for ownership rules. The Problem here is that we overlooked Sinclair and their associated companies over ownership rules but that was when Sinclair was then a smaller regional company and not a national company that it is today.
 
gr8oldies said:
Ask any random people downtown in your town to name the ownership of their local radio and TV stations.
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In My area like San Francisco we are more conscious over who owns media due to the Networks O&O's, KQED inc and Nexstar owns the TV Stations in the Bay area.

Los Angeles is in a similar seat where they are aware that the Networks own the stations in the area plus the Sinclair Takeover of KTLA due to the tribune deal talks.
 
I doubt that my mom knows who owns Wood TV she would still say Lin TV is the owner not that I would ask since she doesn't care and isn't in the loop of media owners.
 
It's currently owned by Nexstar Broadcasting. Similar to us in Hartford/New Haven, WTNH-TV (ABC) channel 8 of New Haven was owned by LIN and is now owned by Nexstar.
 
https://www.fiercecable.com/video/s...xpanding-national-audience-cap-would-increase

An Update on Sinclair

Sinclair is going after Dish Network’s argument that the FCC expanding the national audience reach cap for broadcasters could result in more broadcast channel blackouts on pay TV.

Dish and the ACA have argued that further broadcast consolidation would grant broadcasters more leverage in retransmission negotiations and allow broadcasters to impose “frequent and harmful blackouts.”

In response, Sinclair accused Dish of placing sole blame on broadcasters for breakdowns in retransmission consent negotiations and said that blackouts are “extremely rare.” The company said that of the 39 blackouts that occurred in 2015 and 2016, 17 involved Dish and that those 17 Dish blackouts involved 17 different station owners, most of them smaller broadcasters.

“Moreover, Dish and the ACA are flatly incorrect to suggest that ‘blackouts’ are uniquely harmful to MVPDs and that increased consolidation would lead to more frequent negotiation breakdowns. In reality, broadcasters of all sizes are highly motivated to reach retransmission consent agreements, as they are likely to suffer much larger losses of revenue from any retransmission consent dispute than an MVPD would,” Sinclair wrote in an FCC filing.



Dish is urging to the FCC to maintain the national audience reach cap to guard against the magnified effect of losing both Sinclair’s and Tribune’s stations in a retrans blackout.

Sinclair argued that MVPDs like Dish are in a better financial position than broadcasters to withstand a blackout.

“MVPDs—particularly the top ten that account for approximately 95% of subscribers nationwide—are typically in a much better position than broadcasters to absorb whatever small subscriber losses they suffer from a supply disruption,” Sinclair wrote.

Last month, Dish Network argued that the FCC should maintain the 39% cap and eliminate the UHF discount to prevent further broadcast television consolidation that it says could ultimately hurt consumers. In a filing, Dish warned that further relaxing broadcast ownership rules would result in an imbalance of power between broadcasters and distributors, which could result in higher prices for broadcasters during retransmission and carriage negotiations. That could translate to higher prices for consumers, Dish said.
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http://deadline.com/2018/04/sinclair-tribune-sell-local-tv-stations-deal-ok-1202375877/

Here is an update on Sinclair

Sinclair, with its eyes on the Tribune prize, expressed satisfaction with the sales and optimism about its next chapter.

“After a very robust divestiture process, with strong interest from many parties, we have achieved healthy multiples on the stations we are divesting,” said Chris Ripley, President and CEO of Sinclair. “While we continue to believe that we had a strong and supportable rationale for not having to divest stations, we are happy to announce this significant step forward in our plan to create a leading broadcast platform with local focus and national reach. The combined company will continue to advance industry technology, including the Next Generation Broadcast Platform, and to benefit from significant revenue and expense synergies.”

In a memo to Tribune employees, CEO Peter Kern asked for their continued forbearance.

“There is no reason to assume that this change won’t be for the better,” he wrote. “So try to focus, as you have always done, on the business at hand—delivering outstanding local journalism and great content for our audiences and communities, collaborating with your colleagues, and driving results for our customers.”

Seven of the 23 stations have been designated for sale, without a confirmed buyer having been announced. Those include KCPQ in Seattle, KDVR in Denver and WJW in Cleveland.
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http://www.adweek.com/tvspy/meredith-buys-st-louis-station-kplr/203449

Update 1 Current Tribune Station KPLR goes to Meredith.

The company has singed a deal to acquire KPLR (CW) from Tribune for $65 million, pairing it with KMOV (CBS) which Meredith has owned since 2013. The deal is expected to close when Sinclair Broadcasting completes its $3.9 billion deal to buy Tribune Media. Sinclair already owns KDNL (ABC) and will also own KTVI (FOX) in the market.

“We are excited to be adding to our presence in the important St. Louis market,” said Meredith President and Chief Executive Officer Tom Harty.

Once the acquisition is complete, Meredith will own 18 television stations that reach 11 percent of U.S. TV households. Eight are in the Top 25 markets. Meredith also recently completed a deal to buy Time Inc., but is in the process of selling some of its biggest titles, including TIME, Sports Illustrated, Fortune and Money.
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http://www.adweek.com/tvspy/standard-media-to-acquire-9-stations/203437

Update 2 Standard Media gets 9 stations divested from Sinclair or Tribune.

The price: $441.7 million in cash.

At the same time, Standard General, a hedge fund that owns Standard Media, has hired industry veteran Deb McDermott as CEO. McDermott has most recently been Chief Operating Officer of Media General and, before that, was Chief Executive Officer of Young Broadcasting when it merged with Media General. So, she’s been to the consolidation and divestiture rodeo before.

The stations include:

KOKH (FOX) Oklahoma City – Currently owned by Sinclair
WXMI (FOX) Grand Rapids, MI – Currently owned by Tribune
WPMT (FOX) Harrisburg, PA – Currently owned by Tribune
WXLV (ABC) Greensboro, NC – Currently owned by Sinclair
WRLH (FOX) Richmond, VA – Currently owned by Sinclair
WOLF (FOX) / WSWB (CW) / WQMY (MY) Wilkes Barre, PA – Currently owned by Sinclair
KDSM (FOX) Des Moines, IA – Currently owned by Sinclair

“The stations we are acquiring in this transaction have tremendous potential in excellent markets. We are excited to work with the talented station teams established by Sinclair and Tribune and grow the business for years to come,” said McDermott, who promised more acquisitions in the future.

Fox Broadcasting had reportedly been interested in some of the FOX affiliates that Sinclair will be divesting. At the same time, B&C reports Sinclair is now looking to hold on to what will be its biggest post-merger station, WPIX in New York, but sell Tribune stations in Denver, Houston, Miami and others.
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Hopefully Fox wants to buy back FOX4KC so Decades and Heores and Icons can get on major station and This TV back to KMBC/KCWE along with Antenna TV and TBN to KCTV5/KSMOTV.
 
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