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Station Groups

Nexstar to Buy KASW in Phoenix for $68 Million

nexstar logoNexstar Broadcasting says it’s buying Phoenix CW affiliate KASW from Meredith Corporation and SagamoreHill of Phoenix for $68 million plus working capital.

Nexstar Broadcasting Group president and CEO, Perry Sook said in a statement, “[T]he transaction offers Nexstar entrée to the Arizona and Phoenix markets which represent a natural complement to our existing operations in the Southwestern region of the United States.”

RELATED: Sook tells MediabistroTV local stations are “basically the newspaper of record.”

Sook also said Nexstar plans to have KASW increase its focus on local programming and the community.

Meredith and SagamoreHill bought KASW from Gannett and Sander Media as part of its Belo purchase. “As part of Federal Communications Commission approval, Meredith and SagamoreHill voluntarily agreed to divest KASW to an independent buyer within 90 days of its June 19, 2014 closing.”

The buy is subject to FCC approval.

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‘We’re Basically the Newspaper of Record,’ Nexstar CEO Talks About Local TV

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Nexstar CEO, chairman and president Perry Sook was one of 12 industry leaders to be inducted into the Broadcasting & Cable Hall of Fame Monday night at the Waldorf Astoria in New York City.

MediabistroTV caught up with Sook to ask about Nexstar’s next move and his views about the state of local TV.

“With the decline of newspaper and circulation and also the decline of days of publication, we’re basically the newspaper of record,” said Sook. “I think the services we provide to markets like Burlington, Vt. and Rochester, N.Y. and Salt Lake City, Utah are absolutely essential and hard to duplicate anywhere else.”

KCPQ Will Pay More to Stay With FOX

TribuneMedia_CMYK_pri_LrgTypeTribune Media just signed an affiliation agreement with 21st Century FOX to keep Seattle’s KCPQ on as a FOX affiliate until July 2018.

According to the Tribune press release, “As part of the agreement, FOX has withdrawn its previously delivered termination notice and has agreed that the affiliation will no longer be subject to early termination prior to July 2018.”

The renewal comes at a price, though. Tribune revealed it’s paying FOX more for the privilege of being an affiliate. “As part of the extended affiliation agreement Tribune has agreed, as of January 1, 2015, to pay additional programming fees to FOX for the prime time and sports content provided by the network. Including this additional programming fee, Tribune expects that, for the term of the agreement, KCPQ will deliver profitability in excess of its previously disclosed 2013 annual EBITDA of $13 million.”

FOX previously sent Tribune a notice saying it would pull KCPQ’s affiliation on January 17, 2015. FOX recently bought Bellingham station KBCB, leading to speculation FOX was looking for some leverage in its negotiations with Tribune.

“KCPQ is an outstanding station driven by the high-quality local news, entertainment and sports programming offered by the station and its continued affiliation with FOX,” Larry Wert, president of Tribune Broadcasting said in a statement. “This extension serves the community of Seattle, and reinforces the vibrancy of our station group.”

Media General and LIN Merger Approved by Shareholders

LIN Media G_304The shareholders of Media General and LIN Media have approved the merger between the two companies.

The two station groups announced the news and reaffirmed the newly merged company will be called Media General to be headed by Vincent Sadusky, LIN’s current president and CEO, upon closing of the deal.

The station groups also announced the leadership structure under Sadusky. James Woodward will be SVP and CFO, Deborah McDermott will be SVP and COO, Robert Richter will be SVP and chief digital officer, while Andrew Carington will be VP and general counsel.

The station groups also said the two companies are committed to the deal and ready for approval:

The integration planning teams, co-led by senior leaders of both companies, have been working diligently for the past several months to ensure business continuity, synergy attainment, and customer and talent retention. These teams have developed detailed work plans for their functional areas and based on their integration planning work to date, as well as the substantial progress made to obtain all required regulatory approvals, the companies reaffirm confidence in their ability to realize approximately $70 million of annual run-rate synergies within three years, and expect to close on the transaction in the fourth quarter of 2014.

“This announcement is an important step on the critical path to ensuring the company is prepared to hit the ground running once we receive the necessary regulatory approvals,” Sadusky said in a statement. “After the merger is complete, we will have one of the strongest leadership teams in the industry. Their expertise and dedication gives me even more confidence that we will deliver on our promise to build a stronger, more efficient company that will compete effectively in the rapidly evolving media landscape.”

Sinclair and ABC Sign Long-Term Affiliation Agreements in 13 Markets

Sinclair BroadcastSinclair Broadcast Group has announced it has signed long-term affiliation renewal agreements with ABC in 13 markets.

Three affiliations will expire on August 31, 2o19 while 11 will run until August 31, 2020. Sinclair owns 25 ABC affiliates, the most of any station group.

The stations being renewed are KOMO in Seattle, KATU in Portland, Ore., WHOI in Peoria, Ill., WLOS in Asheville, N.C., WCHS in Charleston, W.V., WTVC in Chattanooga, Tenn., WSYX in Columbus, Ohio, WKEF in Dayton, WXLV in Winston-Salem, N.C., WEAR in Pensacola, Fla., WICD in Champaign-Springfield, Ill., KDNL in St. Louis, Mo., and KHQA in Quincy, Ill.

“As expected, we will continue to pay ABC reasonable fees, which will be invested in high quality broadcast content that enhances the value of our stations,” said Sinclair’s EVP and general counsel, Barry Faber. “We are confident our net retransmission revenues will continue to grow as the retransmission consent market continues to mature and normalize, bringing broadcasters’ payments in line with their consistently dominant ratings among MVPD offerings and allowing Sinclair to realize the value of the programming offered by our stations and the networks with which we affiliate.”

Griffin Communications to Buy KSBI, Create Oklahoma City Duopoly

PrintGriffin Communications has announced it has reached an agreement to buy MyNetworkTV station KSBI from Family Broadcasting, LLC.

“We are excited to add KSBI to our group of companies,” said Griffin Communications chairman and CEO David Griffin. “Our goal will be to integrate KSBI with our current operations while looking for ways to improve KSBI’s programming.”

Griffin owns the Oklahoma City and Tulsa CBS affiliates KWTV and KOTV, along with Tulsa CW affiliate KQCW. The station group said the newest addition will help Griffin expand to Central and Western Oklahoma by creating a duopoly with KWTV.

We reported last week, KSBI stopped production of two of its shows and reportedly laid off staff.

Griffin added, “One of the many things we are excited about is that our viewers will not miss regular CBS and syndicated programming when we are in severe weather or continuous news coverage on News 9, because we will be able to move this programming over to KSBI.”

Raycom and DirecTV Say What They Really Think After Retrans Agreement

directv raycomAfter the retrans dispute between DirecTV and Raycom was settled Sunday, you’d think each company would forgive and forget, after all they’ll have to negotiate all over again one day. Instead, each company took a parting shot at the other on their company websites.

On Sunday, DirecTV posted:

“We thank all of our affected customers for their patience over these past several days and regret that Raycom and too many other broadcast stations are willing to resort to these contrived blackouts to antagonize the public rather than serve it,” said Dan York, chief content officer at DIRECTV.

“Broadcast station groups who ransom their content back into their communities at exorbitant fees deserve the scrutiny of the Federal Communications Commission and local Congressional representatives. Raycom’s intentional recent black outs of DISH, Cox and now DIRECTV customers creates an even greater sense of urgency for lawmakers to review and overhaul this anti-consumer retransmission consent process once and for all.”

Raycom later posted: Read more

ABC Announces All of Its Owned Stations Now Using Rentrak

ABC_304All of ABC’s Owned Television Stations are using Rentrak’s Advanced Demographics ratings info.

The station group announced WABC in New York, KABC in Los Angeles, WLS in Chicago, WPVI in Philadelphia and WTVD in Raleigh-Durham have joined KGO in San Francisco, KTRK in Houston and KFSN in Fresno in using the audience measurement system.

“We believe in providing our advertisers and agencies with the most accurate level of measurement,” Rebecca Campbell, president of the ABC Owned Television Stations Group said in a statement. “We have confidence that Rentrak’s larger sample sizes, along with its automotive and political data, provide us with the information we need.”

Dayton Station to Air Local Reality Show About Teens


WBDT, the LIN Media owned Dayton CW affiliate, has announced it’s airing a reality show about local teens called The Valley.

The locally produced show follows six local high school grads who are “preparing for the next big step in their lives and tackling important issues along the way, including drinking and driving, self-exploration, peer pressure, etc…”

The Valley isn’t your typical reality show. This is reality with a purpose,” said Joe Abouzeid, president and GM of WBDT. “The show is enlightening and entertaining for viewers of all ages. It really captures what teenagers are going through during this important right of passage and helps deepen our connection to the local community.” Read more

Sinclair Buys Las Vegas Station for $120 Million

Sinclair BroadcastSinclair Broadcast Group has announced it has entered into a definitive agreement to buy Las Vegas NBC affiliate KSNV for $120 million.

Since Sinclair already owns CW affiliate KVCW and MyNet affiliate KVMY in Las Vegas, the station group said it plans “to sell the FCC license and related assets (but not the programming) of one of the three stations in Las Vegas.” The NBC, CW and MyNet programming will then air on the remaining two stations. Sinclair didn’t provide any further details.

“We are pleased to add KSNV to our portfolio,” Steve Pruett, co-chief operating officer of  Sinclair’s TV group said in a statement. “With the addition of the station, our news footprint will cover all the major cities in the state of Nevada, allowing us to be a leading provider of local and regional news.”

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