Brother said:
michael hagerty said:
Thanks, Buster. Sadly, the number of people who post without reading what's already been written is astonishing.
The link to the article in the St. Louis paper that explains how all this works is a few posts up, but the Cliff's Notes for the link-averse:
1. Gannett is only keeping Belo properties in markets where they can without having to seek exceptions to cross-ownership rules.
2. The Belo stations that conflict (including Phoenix and St. Louis) will be sold to Jack Sander, a well-respected former Belo executive who has been General Manager of KTVK and KASW (as well as Channel 10 in Phoenix in the early 80s).
3. Gannett will have no ownership interest in the stations once they are sold to Sander.
4. Some of the stations will have shared service agreements with Gannett. Phoenix and St. Louis are expected to have the barest minimum of shared services and Sander will operate those stations as direct competitors to Gannett.
I almost worked for Sander 30 years ago. I worked at Belo during his first year with the company. He likes news and likes to win. He's nobody's puppet and has found a way to enter station ownership with some strong properties.
You've proven in the past that you know what you're talking about, and you've worked for and around these particular folks in the past, so I'll trust what you're saying. That whole "shared services" arrangement, barest minimum though it is, remains a bit of an eyebrow-raiser. Still, I'll wager there are plenty of hidden agreements between rival stations all around the country that the Average Viewer isn't privy to, and would certainly blow the mind of the Average Message Board Poster. When the dust settles, it'll be much ado about nothing.
Brother: I also wouldn't get too worked up over shared service agreements. It may be the only way for the soon-to-be former Belo stations to function without re-inventing the wheel. Station groups have been shutting down entire departments (commercial traffic, graphics, master control operations) at individual stations the past few years and moving them to hubs. If Belo has done that (Scripps and Gannett have), Gannett will own those resources. Jack Sander would have to either re-build those functions at the stations he's buying or contract with Gannett to continue providing those services.
In the broadest sense, shared services can include promotion, sales, helicopters (I believe KTVK, KPHO and KPNX already have a shared service agreement there) and news. But again, the St. Louis article indicates it'll be less, not more, especially in Phoenix and St. Louis.
Beyond my personal respect for Jack, I think it says a lot about the independence of the stations he's about to buy that he's a Belo guy, not a Gannett guy. There's no connection. He's a broadcaster looking to do well...and in his case, I expect that will be accomplished by doing good.