Are you suggesting that Skydance may sell off the CBS O&O stations, getting out of the TV ownership business?
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Nexstar ready to hook up with TEGNA?
- Thread starter only1moore
- Start date
Are you suggesting that Skydance may sell off the CBS O&O stations, getting out of the TV ownership business?
Rumor in the TV industry practically since this deal was announced was that SkyDance didn't want any part of the broadcasting side of the business, network or O&O's. It was said to only be interested in the Paramount side of the company.
More like Skydance ridding itself of the network and owned-stations. Nexstar is the only logical buyer and the most obvious one.
Shari Redstone made Skydance take CBS along with everything else. That, combined with the absolute humiliation David Ellison was subjected to by Brenden Carr, makes the resale of CBS a foregone conclusion.
I can tell you WSYX dominates everything. WCMH and WBNS are neck and neck for second. WBNS wins the Noon and 11pm.
If The CW moves to WATL, MyNetworkTV would move to WPCH.
MyNetworkTV is not a network. Gray would be stuck with two independent stations and barely enough programming for them both.
Could see that here in Phoenix with KAZT if the Londen family chooses not to sell to Nexstar, who operates the station, & goes independent again (Would give our market 3 independent stations) with CW moving to KPNX 12.2 (which I wouldn't mind being in Goodyear & OTA, KAZT is the one station I have trouble getting a good signal for).
@Nathan Obral There will be divestitures… Just how many stations and which stations in particular remain in question…The deal has been struck and will more than likely be approved within six months with zero divestments. Curious if Carr issues a statement in full support of it to get the ball rolling on congress/senate removing the cap outright.
Nexstar Media Group, Inc. Enters into Definitive Agreement To Acquire TEGNA Inc. for $6.2 Billion in Accretive Transaction | Nexstar Media Group, Inc.
Enhances Nexstar’s Position as a Leading Local Media Company Preserves High-Quality Local Journalism and Diversity of Opinion Strengthens Ability towww.nexstar.tv
Source: Deadline
It couldn't hurt, but like you said, it depends on the Londens. If they were to return to independent status, that would likely mean buh-bye to them on YouTube TV, which doesn't seem to allow indies on their streams (KTVK and KASW have been blocked for several months).
I've noticed a signal improvement from them in the last couple of weeks. I can pick them up on indoor antennas at my house in NE Mesa (25 miles ENE of South Mountain), where I never could before.
Let’s not forget about the opposition (groups and rival broadcasters among them) making their feelings known.
Bold of anyone, including Mr. Lipman, to assume that there will be any divestures or that this can be stopped. How are the FTC or DOJ going to weigh in when neither agency is functional? And because this is a merger Carr likes, he will apply waivers like no one's business and do everything possible to rubberstamp this.
The fix is already in and you and I know it.
*me crying because my market never got a Nexstar or Tegna station (I live in Omaha)*
He's a communications attorney who has experience closing broadcast transactions. He's worked with the legal team at the FCC and has likely worked with the lawyers involved in the Nexstar/TEGNA deal. Not that he couldn't be wrong occasionally or always gets his predictions perfectly, but he's a lot more likely to be right, or at least to be closer, than anyone on these boards.
I expect, in some form or other, this deal will close. If you live in Cleveland, Columbus, Indianapolis, St. Louis, Little Rock, or anywhere else where TEGNA and Nexstar own stations, you will almost certainly have fewer sources for local news. I also expect castoffs from this merger will lead to a consolidation of Big-4 affiliates across multiple markets, probably through swaps. Gray and Scripps have already started on that path. This is just the beginning. It's not going to stop anytime soon.
Newsmax opposes the acquisition.
From Newsmax Money:
Nexstar Seeks $6.2 Billion Tegna Acquisition as Conservatives Cry Foul
“Newsmax Media filed a forceful 33-page objection with the FCC on July 23, urging regulators to preserve the national television ownership cap — the ‘Horizontal Ownership Cap’ — which limits any broadcaster from reaching more than 39% of U.S. television households.”
If there are any divestments, which I highly doubt happens, it'll be to shell companies like "Mission Broadcasting" or "White Knight Broadcasting" which are little more than sidecars for Nexstar.
Bottom line: they're still going to keep them all.
The hilarious part of this is that Newsmax claims NewsNation, the same channel that does stuff like this, is "left-wing". But I guess facts get in the way of the narrative Newsmax wants to push.
But at least you've got Hearst, which puts out a reasonably decent news product.
I'll come back to that thought.
Yep. This is a specialized field of law. Moreover, I would expect this would end up in the courts. Not that the appellate courts are likely to stop the deal, given their recent track record, but a court challenge would delay a deal at the very least.
At the small-market level, NPG has been doing this for years.
Not so fast. If so-called left-wing advocacy groups are smart...and they tend not to be, but hope springs eternal...they would team up with smart conservatives and point out that media concentration is a knife that can cut in either direction to reduce diversity of perspectives and viewpoints. Getting local governmental officials involved could be helpful, too: it's easy to point them to what happened to newspapers and the resulting loss of local news coverage and let them draw the logical conclusion that this would happen in TV, too. That's not to mention competing business interests.
Ultimately this could all be just mating season for dinosaurs.
That is one of the best lines I’ve ever read on the RD forums.😍👍
It reminds me of the phrase “dead clade walking”, otherwise known as “Extinction Debt”. The concept deals with the time it takes species to disappear following environmental changes that ultimately result in their extinction. The parallels to broadcasting are quite striking.
Extinction debt - Wikipedia
The Newsmax objection is that a "left-leaning" network would be getting more reach, and the definition of "left-leaning" is "hosts critics of Donald Trump". Me thinks they would have no such objection to Sinclair doing the same thing.
They revise history: "
"Newsmax noted that President Ronald Reagan instituted the cap to block liberal networks like CBS, NBC, and ABC from owning local market stations across the nation". I didn't think it had anything to do with "liberal networks" since there were no "conservative networks". .