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CircleSeven

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Posts posted by CircleSeven

  1. 2 hours ago, DirtyHarry said:

    It's May 22nd. We should know by the end of the day.

    If I remember from Sinclair-Tribune, Tribune announced the termination of that sale the day after the outside date (and of course filing that lawsuit). 

     

    All that wasteful time trying to convince the FCC to change their minds and rescind that HDO, what Soo should have done was to go to the [incumbent] Tegna board and beg them not to sue him for all this waste of time.

     

    If you don't hear anything today, you'll definitely hear something tomorrow.

     

     

    • Like 1
  2. With CBS dropping the CW on WKBD, looks like Nexstar "might" have found a new home....

     

    Looking at this paperwork, Adell Broadcasting is selling WADL to Mission Broadcasting for $75M.

     

    Nexstar will provided services to WADL, including an SSA, an option agreement, and sell of commercial time.

    Quote
    • 1. An Agreement for the Sale of Commercial Time, pursuant to which Nexstar will sell advertising on WADL.
    • 2. A Station Services Agreement (“SSA”), pursuant to which Nexstar will provide certain services to Mission in connection with the operation of WADL. Among other things, the SSA contains a delegation by Mission to Nexstar of authority to negotiate retransmission consent for the station. This is permissible under FCC rules because Nexstar owns no television stations in the Detroit, MI DMA, where WADL operates.
    • 3. An Option Agreement pursuant to which Nexstar may acquire the license and assets of WADL subject to FCC consent.

     

    • Like 4
  3. Small M&A. More LPs are coming their way....

     

    Gray is getting three more LPs from Lowcountry Media for $600k.

    • W16EL-D - Augusta, GA

    • W35DV-D - Augusta, GA

    • W18FC-D - Florence, SC

    Of that $600k, Gray is giving Lowcountry two real estate properties, valued at $450k.

    • The old WRDW studio building in North Augusta ($250k).
    • The tower facility of WSJV ($200k).

    Here's what it says on the asset purchase agreement :

    Quote
    • (iii) at Closing, Buyer [Gray] shall convey to Seller [Lowcountry] (WITHOUT WARRANTY, ON AN AS-IS, WHERE-IS BASIS FOR THE BUILDING AND TOWER, BUT CONVEYS THE LAND BY SPECIAL WARRANTY DEED), Buyer’s land, tower, and building located at 1301 Georgia Avenue, North Augusta, South Carolina, property ID 007-07-04-001, GIS #007-07-04-001 (the “Old WRDW Studio”), valued at Two Hundred Fifty Thousand Dollars ($250,000);
    • (iv) at Closing, Buyer shall convey to Seller (WITHOUT WARRANTY, ON AN AS-IS, WHERE-IS BASIS FOR THE BUILDING AND TOWER, BUT CONVEYS THE LAND BY SPECIAL WARRANTY DEED), Buyer’s land, tower, and building located at 16751 Johnson Road, South Bend, Indiana 46614 (the “WSJV Tower”), valued at Two Hundred Thousand Dollars ($200,000);

    Don't understand why Lowcountry is getting the latter, unless there going to acquire an LP in the Bend in the future.........

    • Like 1
  4. 33 minutes ago, Luis said:

    I thought McKinnon is leaving this station since McKinnon Broadcasting was sold by Nexstar Media Group even if the translator is moving to Channel 3 in Temecula 

    McKinnon is only selling full-power signal to Nexstar. The sale does not include the Temecula repeater.

     

    I think I read in the paperwork that the permit for the LP expires later on this week (5/12), so no word if McKinnon is going extend it or not. And no word on what they'll do with that repeater after the KUSI sale is completed.

    • Thanks 1
  5. 50 minutes ago, Luis said:

    What's going to happen to K12PO Channel 51 in Temecula one of KUSI-TV translators once the sale of Nexstar Media Group is complete? 

    That Temecula translator (which currently have a permit to move to channel 3, becoming "K03JB-D") will stay under McKinnon ownership.

     

  6. Paperwork is now up!!!

     

    On the local tv ownership compliance attachment, it said (according to the Nielsen March 2023 data) KUSI is ranked within the top-4, and KSWB is ranked fifth.

     

    And just to clairify, this is overall viewership (from sign-on to sign-off) and not just during newscast timeslots.

    • Like 2
    • Confused 1
    • Thought-Provoking 3
  7. 42 minutes ago, Nelson R. said:

    WHKY-TV sale to SBN is consummated.  The new call sign WWJS  goes into effect tomorrow. Programming has already switched over. Heard about this on the AVS forum.

    I guess some viewers missed the channel after WJZY drop the diginet two years ago.......

  8. We do have some M&A approvals today.......

    On 6/21/2022 at 2:15 PM, CircleSeven said:

    New M&A. Owners of the former Fox affiliate in the Central Coast is selling its station.

     

    Seal Rock Broadcasters is selling now CW affil KCBA to VistaWest Media for $1M. 

    Nearly ten months after filing the paperwork, the KCBA deal was granted.

     

    On 2/15/2023 at 11:51 AM, CircleSeven said:

    New M&A. Looks like Gray and Marquee are swapping.

     

    From TVNewsCheck, Gray is selling its Boise, Idaho Fox affiliate KNIN to Marquee Broadcasting. Upon the closing of the KNIN deal, Gray will then acquire Macon, Georgia's MeTV outlet WPGA.

    And the KNIN/WPGA swap was also greenlighted today.

  9. 1 hour ago, DENDude said:

    Sooo Is this over now??    Can Tegna get back to gee I don't know, running TV stations & focus on it's news departments?? 

    I'm not going to say its officially over. But any chances of Standard General getting the deal done at this point is pretty much moot.

     

    We're exactly one month away from the outside date (May 22nd). That day in which [the current owners of] Tegna can walk away from the deal without paying the breakup fee.   Also the financial obligations from the banks would run out on that date as well. That's why Soo went on and filed those two suits to the DC court. And let's not forget the FCC Hearing with that ALJ likely won't happen until after that May 22nd date.

     

    But given how desperate Soo's been throughout this whole process, why am I'm thinking he could attempt to appeal to highest court of the land?!! There's no way he would win, but could he be that gutsy to go all the way?......

     

    • Like 6
    • Thought-Provoking 2
  10. On 3/31/2023 at 12:26 PM, mrschimpf said:

    This; they already have Fox on WVII-DT2; wouldn't you just turn in the license rather than pointlessly pay for a redundant one and just keep the branding without the channel? Plus it's VHF; just try to get WVII on UHF instead, it's not like northern Maine/New Brunswick has a crowded UHF band.

     

    They probably don't have any vacant UHF channel available (without interfering with allotments nearby). 

     

    Anywho, unrelated to this, thirteen and a half month since the deal was granted by the FCC, Allen Media has finally completed its acquisition of Montgomery's WCOV/WIYC.

    • Like 1
  11. On 9/1/2022 at 12:14 AM, mrschimpf said:

    There's a new tradition in the subchannel market thanks to chains wanting to own their own networks (it's technically syndication); like for your local colleges, September 1/Labor Day is "Moving Day", and Weigel is seeing a lot of MeTV movement off stations this year thanks to Scripps and Sinclair wanting their own networks on their bandwidth. If you're 'lucky' enough to see MeTV switch to Stadium or Defy, this is why.

    This is somewhat related. The last Scripps' outlet to carry MeTV is dropping the network.

     

    Next Friday (4/21), WPTV is yanking MeTV off of 5.2, and its moving to Hearst's WPBF 25.5.

     

    The memo is on top of the MeTV page:

    Quote

    South Florida Viewers: On Friday, April 21st, MeTV is moving to a new broadcast station in the West Palm Beach / South Florida area.  You can enjoy MeTV on WPBF 25.5 with your antenna by rescanning your TV. MeTV will also be found on Comcast channel 1181 and will continue to be on AT&T Uverse channels 136 and 1136.

    No word on what diginet (likely their own) WPTV will replace on 5.2.

  12. On 5/10/2022 at 6:38 PM, CircleSeven said:
    On 5/10/2022 at 2:42 PM, Samantha said:

    Meanwhile, WMEB Orono ME seeks to move from VHF 9 to UHF 22.

    Should that change go in effect, LP Fox station WFVX-LD would have to find a new channel to go to, since they're on 22. And LPs don't get allotment protection.

    So follow up regarding LP WFVX.

     

    It has now proposed to channel-share with full power WVII on RF 7.

  13. Mr. Desperado is going to fight till the end.....

     

    We have now gone to unchartered waters. In over a decade of following all of these M&As, l have never seen anything like this. For an applicant to go to the courts to overstep a federal agency, just to get a deal approved. 

     

    Hope the courts let this suit sit until May 22.

     

  14. Two R&Os.

     

    One, Virginia PBS outlet getting out of the "VHF-low" hellhole. The other, this Tegna station wants out of VHF, period.

     

    • Like 2
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