dustintv said:
Didn't KNWS use to be an all news channel? I wonder why it failed, too much competition from local news and local cable news ala TXCN? Too expensive?
Yes, years ago it was an all news outfit - hence the calls "NWS."
The owners did not have enough money to put on a news product that was up to the standards of the market. (which is pretty amazing considering the relatively low quality of news in Houston compared to comparable sized markets) They couldn't promote the station well. The ratings were never good and they had to cut back on news and become a more traditional independent. Finally, when that didn't work, they started selling out for infomercials or home shopping during much of the day. The subsequent ownership of a station in Dallas and a variety of bad financial decisions with both stations put the owners in a huge financial bind. I believe they also had at least one failed attempt to sell the stations or at least refinance their debt. that ultimately led to their decision to go into bankruptcy.