ABC 7 Denver

Hahahahahahaha! Dumbasses.

Odds are that they eventually spin this division off again.

Scripps can build more new content than Gray.

My friend was the News Director who got rid of that crap.

Their local stations are so understaffed that they are already as stretched as they can be.

Look at the title of this thread and consider how irrelevant your point is, falling directly under this topic.

I see Scripps and CBS diving into mostly all news-channels. CBS especially because they have the CBS News City streaming channel and KCAL News is an experiment toward this, and Scripps with Ion as a potential programming service (like MyNetworkTV) and Scripps News to cover national programming, mixed with more local news. Gray has a harder path toward cutting ties with CW. Local News Live is their latest attempt, but I'd argue that they simply just don't have the investment in national news to completely program independent (or would-be independent) stations. They are investing in production facilities which could be used for a national news product or other long-term entertainment scaling, but given the current sustainability and debt/equity ratio questions that many groups have, including Gray, I do wonder if this is the best investment for the immediate future of their business model.

You NEVER include a slogan in your logo. Amateur hour.

Dude. It is owned by Saudi Arabia who's noted for their human rights abuses and corruption. It's gross.

Stations haven't invested in digital-first infrastructure to take advantage of streaming. And the fact that they only push linear content, not developing a microtargeted news platform is part of the overall trajectory issue of this industry.

To stream a newscast? Ha! No, it is not that costly at this point, especially considering how much stations are paying for affiliation and syndication fees. If you run it with ads, you can significantly offset the costs. I'd argue that this move by Nexstar is a shortsighted plan because they're effectively laying their own demise. As station groups ask for more money from retransmission fees, the cable subscription costs increase to compensate, decreasing the demand and driving up the retransmission fees, creating a no-win game for groups like this. In the attempt to drive dividends, they are not paying down debt (only the low interests rate) which will come due soon and force Nexstar into administration. Even once the Nexstars of the world are gone, the cable industry won't recover. It's a downward spiral and Nexstar is harming their viewership by not providing up to the minute information, especially as viewers have less access to local news.

They are doing that to get you to pay for Cable to watch it live, to make those retran$.

I propose we start calling it the Black Eye Network.

And with that, here's another nail in Nexstar's coffin.

*Except KCNC who is adopting CBS News Colorado. Re Vice President of Creative Services: No. That's definitely not what happened. I can't go into more detail, but that wouldn't be the decision.

Same stock buy.

Damn. That's young. I'm so sorry for his family and team.

Hi. Are you new here? Not being condescending; legitimately asking. This Shared Services/Local Marketing Agreement structure of side-care station ownership has been an overarching theme over the last ~decade in the consolidation of station ownership, mainly with Nexstar and Sinclair as the culprits. The FCC has seemed disinclined to prevent this market manipulation, though I would have hoped the Biden Administration had taken a firm stance and unraveled these blatant violations of the ownership rule.

It was supposed to be wraparound, but that seems less and less likely to happen.

That's the logo they're going with, but this would be so much better:

That is literally hot trash.

Exactly. From a fiscal perspective, buying this station now to create that kind of product at $1.4 Million with these interest rates and without an affiliate certainly makes me question if there are alternative motives.

Ouch. That's a lot of money for such a tiny purchase. That or inflation is killer.

There are so many things that I think about this, and so many ways that I know this will go wrong.

That's assuming they're still solvent by that time, which, given their PE and debt ratios combined with rising interest rates may be an issue by 2024.