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Nexstar, Mission Purchase Newport Stations

That won't happen here in Rochester since Nexstar already owns Channel 8 (WROC) while Newport owns Channel 13 (WHAM).

I might be wrong but I don't believe that one broadcasting company can own two television stations in one market. If I am wrong and Nexstar can buy 13, then be prepared for heads to roll at one of the two stations since it is very likely such a merger would result in massive layoffs.

But again I don't believe there will be a change of ownership here in Rochester NY.
 
EJM said:
In addition, Sinclair gets several stations...

WKRC in Cincinnati

WOAI in San Antonio

http://rbr.com/newport-spins-1b-worth-of-tvs-to-three-buyers
Click to expand...

In Cincinnati, WKRC gains a duopoly partner in WSTR (MyTV), plus in near-by Dayton, Sinclair already has a duopoly with WKEF (ABC) and WRGT (Fox; "owned" by Cunningham Broadcasting). Meanwhile, in San Antonio, Sinclair also already has a duopoly with KABB (Fox) and KMYS (The CW); I saw on the Texas TV board that Sinclair would sell KMYS to a company called Deerfield Media.
 
Wouldn't the idea of one company controlling four stations in Little Rock and Mobile not pass FCC muster? I know Sinclair has gotten away with third "failing stations" in Nashville and Columbus but all of this is all flavors of dangerous.

Also, Nexstar so bobbled Harrisburg. You finally have a chance to get WLYH and WHP under common ownership and you blow it?
 
Sinclair has bought the CBS affiliate in Cincinnati. While They are waiting on Fox to purchase WSTR 64, they are transferring the licence to Deerfield Media, Inc. Is this a shell company for Sinclair?
 
Wonder what the fate of my local WWTI will be? They ceased all local news operations a few years ago after getting slowly cut for several years. They now import news from WSYR in Syracuse while still selling local ads.

It was nice having local news competition, the only other local station WWNY doesn't do a very good job. They use dated equipment, don't cover enough stories outside of the city, and their newscasts aren't very professional at times. But its all we have so they have no reason to improve.
 
EJM said:
danikayser84 said:
What's the latest on WXXA in Albany? Sinclair recently bought WRGB/WCWN so they're out of the question...
Click to expand...

That's apparently one of the stations not covered in today's deals--although Newport is saying that it still wants to unload them.
Click to expand...

I have a feeling that they'll either end up with LIN or Meredith and if it's the former WHAM will go with them. I'm surprised Nexstar didn't buy them unless Nexstar and their seemingly unlimited funds have eyes on Young exiting and getting their hands on WTEN.
 
microbob said:
Sinclair has bought the CBS affiliate in Cincinnati. While They are waiting on Fox to purchase WSTR 64, they are transferring the licence to Deerfield Media, Inc. Is this a shell company for Sinclair?
Click to expand...

Deerfield Media, Inc. is a "third party", according to the general manager of WEAR-TV, Sinclair's station in Pensacola, Florida. That description does not really answer the question, but that's what I got during my search for information about Deerfield Media.
 
I pity the poor stations which are being bought by Nexstar, as usual; they're about to go from an excellent web platform service down to the actual dumps of television websites, which are like basic HTML combined with the godawful concepts NBC's local sites have finally dumped entirely (this story...bores me? Who gives a crap what you think in two words? Nexstar; it's called Facebook, look into it!) and terrible .biz extension sites ::).

Also, why the heck would Nexstar sell out KUTV to Sinclair in SLC, then come back a few months later to buy KTVX/KUCW in the same market? How does that make any financial or common sense? And if I'm working in the ABC/CW duopoly in Memphis, I'm definitely sending out my resume, because WPTY is by far the worst station to come out of the 1994 affiliate switch outside of WWJ-TV with minuscule news ratings and terrible manager/staff relations; working for Nexstar will suck the last bit of life out of that operation, as WFRV in Green Bay, which is a shadow of it's CBS-owned self a few years ago, is now after only a year.

It's sad when these days Sinclair ownership is an improvement over that of Nexstar; at least with the DTV upgrades out of the way Sinclair is beginning to put cash and effort into their stations.
 
As for WOAI-TV changing hands... I thought Clear Channel owned them along with WOAI radio?
 
mrschimpf said:
Also, why the heck would Nexstar sell out KUTV to Sinclair in SLC, then come back a few months later to buy KTVX/KUCW in the same market? How does that make any financial or common sense?
Click to expand...

They never actually owned KUTV. That arrangement had Nexstar operating Four Points' stations since that company was a pump-and-dump operation that only wanted to spin them off for an easy profit. Nexstar only got an operations fee.

What I don't get is why other companies aren't buying. What's keeping better grounded companies from buying and letting subpar companies eat up all the stations?
 
jdb820 said:
mrschimpf said:
Also, why the heck would Nexstar sell out KUTV to Sinclair in SLC, then come back a few months later to buy KTVX/KUCW in the same market? How does that make any financial or common sense?
Click to expand...

They never actually owned KUTV. That arrangement had Nexstar operating Four Points' stations since that company was a pump-and-dump operation that only wanted to spin them off for an easy profit. Nexstar only got an operations fee.

What I don't get is why other companies aren't buying. What's keeping better grounded companies from buying and letting subpar companies eat up all the stations?
Click to expand...

Most TV ownership groups are sub par companies. It's entirely possible some of the better groups are saving their cash for Tribune's stations. Most of the Newport stations aren't that good anyway. Or, a company may already own a station in that market.
 
jdb820 said:
Wouldn't the idea of one company controlling four stations in Little Rock and Mobile not pass FCC muster? I know Sinclair has gotten away with third "failing stations" in Nashville and Columbus but all of this is all flavors of dangerous.
Click to expand...

One company isn't "controlling" four stations in Little Rock and Mobile. While I agree that there will be more similarities than differences among the stations after these deals, Mission and Deerfield will be controlling KLRT/KASN in Little Rock and WPMI/WJTC in Pensacola respectively. Nexstar and Sinclair will provide sales support and the news departments of the additional stations that choose to air news, but programming contracts will be in the hands of Mission and Deerfield.

When companies enter into SSA's, they send it to the FCC for review, and the FCC can void the SSA if it feels it creates an impermissible transfer of control. I wouldn't expect that to happen since Nexstar and Sinclair are experts at creating SSA's that pass the Commission's requirements.
 
jdb820 said:
mrschimpf said:
Also, why the heck would Nexstar sell out KUTV to Sinclair in SLC, then come back a few months later to buy KTVX/KUCW in the same market? How does that make any financial or common sense?
Click to expand...

They never actually owned KUTV. That arrangement had Nexstar operating Four Points' stations since that company was a pump-and-dump operation that only wanted to spin them off for an easy profit. Nexstar only got an operations fee.

What I don't get is why other companies aren't buying. What's keeping better grounded companies from buying and letting subpar companies eat up all the stations?
Click to expand...

Ahh, that's right. I remember the strange 'management' deal they had KUTV and KEYE in Austin had, along with the very odd news operation in West Palm Beach where the Four Points stations there carried anchoring from SLC and only did one-man-band reporting of their local stories. Still, I don't think it makes sense because now KTVX gets Nexstar's crappy web backend to deal with after KUTV was able to get rid of it.

Also, I'm thinking that Ring of Honor plays a role in this somehow; more stations for Sinclair to try to prop it up, and effectively San Antonio becomes a three news station town with Sinclair grabbing WOAI, with the #3 and #4 newsrooms merging and trying to get what KENS, KSAT and Univision's KWEX haven't gotten yet.
 
mrschimpf said:
Still, I don't think it makes sense because now KTVX gets Nexstar's crappy web backend to deal with after KUTV was able to get rid of it.
Click to expand...

The web presence is insignificant in terms of the revenue it generates. That's part of why companies like Nexstar have such crappy sites in the first place! Of course, whether it makes sense for us doesn't matter much either. What matters is whether the deal makes business sense. If you wanted to argue it doesn't, you might still have a point. I seem to remember Nexstar fighting to keeps its transition digital TV channels at low power because it was 2/3 of a billion dollars in debt. Also, wasn't this the company that told everyone it was putting everything on the block after Four Points announced they were getting rid of their properties?

Also, I'm thinking that Ring of Honor plays a role in this somehow; more stations for Sinclair to try to prop it up, and effectively San Antonio becomes a three news station town with Sinclair grabbing WOAI, with the #3 and #4 newsrooms merging and trying to get what KENS, KSAT and Univision's KWEX haven't gotten yet.
Click to expand...

I thought WOAI and KABB had the #3 and #5 newsrooms with KWEX in-between them. Sinclair is going to say it's legal for them to own both WOAI and KABB because KWEX is in the top-4.
 
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