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Posts Tagged ‘Sinclair Broadcast Group’

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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Sinclair CEO in Dispute with Maryland Farmer Over Leased Land and Destroyed Crops

Sinclair BroadcastAccording to The Baltimore Sun, Sinclair CEO David Smith is caught up in a tussle over 95 acres of Maryland farm land he is leasing out.

Stephen Pieper, the farmer who leases Smith’s land, is mad because he said Smith hired someone to plow under about $1000,000 worth of Pieper’s corn crop. Smith’s lawyer said in a lawsuit, Pieper was trespassing when he planted the crop and damaged the soil.

“All he wants is his farm,” said Francis R. Laws, Smith’s attorney. “He wants to enjoy the use of the property that he bought.”

Pieper, 62, said that in more than 30 years of farming from about 50 landlords, farms have been developed and changed hands, but he has never seen a crop destroyed.

“This is devastating to me,” Pieper said after watching the crop fall on July 20, when he tried to head off the tractor hired by Smith. “This crop would have been harvested in 75 days. It’s sickening.” Read more

James Killen Named Sinclair Group Manager

Sinclair BroadcastSinclair Broadcast Group has named James Killen Group Manager of Tulsa, OK, Little Rock, AR, Roanoke-Lynchburg, VA and “other markets to be determined.”

“Having held a key sales management position at Allbritton and given his familiarity with the stations and staff, he is the perfect choice to continue with us as a Group Manager overseeing some of these same markets we recently acquired,” Steve Marks, co-chief operating officer of Sinclair’s TV group said in a statement. “We look forward to building upon that foundation and expanding our market presence.”

Since 2004, Killen has been VP of Sales for Allbritton, overseeing seven stations as well as NewsChannel 8 and Politico. He’s also worked as local sales manager and New York national sales manager at WNBC in New York, and as an account executive at WRAL in Raleigh-Durham and WECT in Wilmington, NC.

Sinclair Launches Original Programming Division

sinclair_304Sinclair Broadcast Group is going to start producing original programming.

The station group announced it’s launching the SOP, or Sinclair Original Programming division which will create and develop entertainment content as well as infomercials and direct response commercials. Sinclair said the content will initially be developed for its CW and MyTV affiliates and will run during prime time and weekend afternoons.

The division will be led by Arthur Hasson who is being named COO of Sinclair Original Programming. Hasson will continue to work as GM of WHP, Sinclair’s Harrisburg, PA, CBS and MyNet affiliate and CW affiliate WLYH.

By developing original content in connection with talented program producers, we can provide cost effective, flexible projects that can be readily monetized,” Hasson said in a statement. “In addition, we believe there is potential to distribute shows beyond our platforms both domestically and internationally. From the creative side, our large footprint of stations allows us to test concepts and talent efficiently.”

It’s Trading Day! Five Station Groups Buy and Sell Ten Stations

station groups cropped

Five station groups have undertaken a station swap similar to what happens at the trading deadline in professional sports. This time, though, the moves affect hundreds of people.

Media General and LIN Media, looking to comply with Federal regulations over ownership rules have initiated a TV station swap involving Sinclair Broadcast, Meredith and Hearst Corporation.

Here’s the breakdown:

Sinclair will buy from Media General: Providence NBC affiliate WJAR

Sinclair will buy from LIN Media: Green Bay FOX affiliate WLUK, Green Bay CW affiliate WCWF and certain assets of Savannah, GA, FOX affiliate WTGS and the rights to acquire the principal assets of WTGS, which is operated by LIN but owned by WTGS Television, LLC.

Media General will buy from Sinclair: Tampa, FL, MyTV affiliate WTTA, creating a duopoly since they already own NBC affiliate WFLA, and Colorado Springs stations KXRM (FOX) and KXTU (CW).

Media General will sell to Hearst: Birmingham, AL NBC affiliate WVTM.

LIN Media will sell to Hearst: Savannah, GA ABC affiliate WJCL.

Meredith will buy from LIN Media: Mobile-Pensacola FOX affiliate WALA. Read more

Sinclair Names GM of WICS

sinclair_304Sinclair Broadcast Group has named Rick Lipps GM of Springfield-Decatur, IL, ABC affiliate WICS.

Lipps will also oversee sales and “other non-programming related services” of FOX affiliate WRSP and CW affiliate WBUI in accordance with joint sales and shared services agreements.

“This is a fantastic opportunity for which I am thrilled,” Lipps said in a statement. “The Springfield/Decatur area is a dynamic market with a growing diverse revenue base. Providing the best local news and entertainment for our viewers has been and will continue to be our top priority.”

Since 2007, Lipps has been the group leader for stations in Savannah and Augusta, GA, as well as serving as GM of WCBD in Charleston, SC. Lipps has also worked as GM of WNWO in Toledo, OH, WTNZ in Knoxville, TN, and KWWL in Waterloo, IA.

FCC Approves Sinclair’s Allbritton Buy

sinclair_304The FCC has approved Sinclair Broadcast Group’s purchase of Allbritton Communications.

The sixteen page document released by the FCC also denied several petitions against the merger.

>UPDATE: William Lake, chief of the FCC Media Bureau released a statement outlining the terms of the deal. Which he wrote was approved “after the parties agreed to amend the proposal in three markets to comply with our ownership rules:

Consistent with DOJ review, Sinclair will divest the station in the Harrisburg market.

To comply with our local TV ownership rule, Sinclair will deliver the programming of stations in the Birmingham and Charleston markets via digital multicasting. This means that Sinclair will put the full programming of the stations on the digital signal of the stations it already owns. The licenses of the Allbritton stations that previously broadcast that programming will therefore be returned to the Commission. Most importantly, consumers will lose no programming currently available to them. Read more

Sinclair Announces Funding for Allbritton Purchase

sinclair_allbrittonSinclair Broadcast Group announced it has lined up the funding to buy Allbritton Communications.

In a press release, the station group announced Sinclair Television Group, a subsidiary, has closed its private offering of $550 million worth of senior unsecured notes due in 2024. Sinclair said it plans to use the money from the funds along with $400 million in loans, a revolving credit line and cash to pay for the deal.

Last July, Sinclair announced it was buying Allbritton for $985 million.

The station group reportedly cleared the last hurdle blocking approval of the deal last week by agreeing to a settlement with the Department of Justice’s Antitrust Division. As part of the deal, Sinclair agreed to sell Harrisburg, PA, ABC affiliate WHTM as soon as the purchase goes through.

Sinclair Launches College Sports Network

sinclair_304Sinclair Broadcast Group announced today it’s getting into the sports programming game by launching a collegiate sports initiative called the American Sports Network.

The network plans to air its programming on Sinclair’s CW and MyNet stations and has deals with Division I conferences like Conference USA, the Colonial Athletic Association, Big South Conference, Southern Conference and Patriot League.

The initiative, headed up by Doron Gorshein, CEO of Sinclair Networks, will air live football, basketball, soccer and other games. The station group also added, “the Company’s plans may include potential development of new cable networks and digital platforms focused on these new content initiatives” if it can secure carriage agreements with distributors.

“This is another example of our foray into the content creation business,” David Smith, president and CEO of Sinclair said in a statement. “The launch of ASN will provide important and valuable content that is directed at serving our local communities, while improving the value of our CW and MyNet affiliates. We are confident in Doron’s ability to lead this endeavor, given his acumen in this arena.”

Sinclair Reportedly Clears Last Hurdle Before Closing Deal for Allbritton

sinclair_304The Wall Street Journal reports Sinclair Broadcast Group is moving closer to sealing its deal for Allbritton Communications by settling a lawsuit brought by the Department of Justice and the Pennsylvania Office of Attorney General.

The DOJ thought Sinclair’s purchase of ABC affiliate WHTM in a market where it already owns CBS affiliate WHP and CW affiliate WLYH would affect the cost of advertising in the market.

Last month Sinclair agreed to sell the station to Media General when the Allbritton deal is finalized.

“The rivalry between the stations has helped to constrain advertising rates, and without the divestiture, advertisers on stations in this area would likely have paid higher prices,” said Bill Baer, assistant attorney general in charge of the Justice Department’s Antitrust Division.

The settlement comes less than two weeks before a one-year clock will run out for Sinclair to get regulatory approval for its Allbritton deal. If approval isn’t reached in time, Sinclair has said the deal may not close.

The settlement will “pave the way in fact for a DOJ approval,” wrote Evercore analyst Doug Arthur. “Next stop: the FCC,” referring to the Federal Communications Commission. Read more

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