ABC 7 Denver

You're exactly right! And I'm a Social Democrat agreeing with you. So you know this is cold water on the subject. A few thoughts that I will add: As many pension accounts tie themselves to PE, returns are not as strong as they would be using the stock market or index funds. The only people who make out well in Private Equity are managers at the top. That industry itself is a sham. Also, given the debt/equity ratio, companies like Sinclair, Gray, Scripps and Nexstar are known as zombie companies. When the debt comes due in the next few years, these businesses will not be able to refinance at a low interest rate and they will default. They have sold their shareholders a bill of good, mainly in economies of scale, that they cannot live up to. Tegna is one of the few groups of their size that can survive because they've intentionally been structured to pay down debt (the balance sheet transfer made when they split with Gannett).

I know why you say this, but you know that Tegna won't invest more. If the shareholders want to continue to earn dividends, the current structure is ideal. It continues to reduce debt and prioritizes the shareholders.

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.

I think it's a bit weird that they kept the kite box flat.

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.

"I think it's cliche in our industry to say that our new set is state-of-the-art, but this really is." - Jim Webb, VP General Manager, WHSV-TV. No Jim. It's not. Either your trying to poke fun at your industry or your trying to take part in the cliche. It can't be both because that would be something only a stupid man would try to do.

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.

It's cheap.

This set is recycling elements from NewsNation. So I think Clickspring designed this.

Someone really likes Nexstar!

I hope that's not the anchor desk. It's not authoritative. It looks temporary and dinky.

And it's so ugly.

Here are some better photos for the forum: (source for most is The Other Site) I think this set is more traditional because WMTW has a more trim budget.

Definitely Rechner.

And even then, this DDG anchor desk is the same as KYW. KFSN can't afford new design concepts.

This further cements my perspective. https://www.ftvlive.com/sqsp-test/2022/10/26/is-nexstar-headed-for-bankruptcy

Brick like that doesn't age well. Here are the important questions: Why is Nexstar willing to invest in a new set that I'm sure is insanely expensive because of the couple hundred displays, when their previous set was only a few years old, and when they're losing tons of air and news staff due to lack of employment mobility and salary increases? Why is a liability like a news set (can't convert into a ratings bump), more important than the local journalism that your station supposedly produces (and when you're vastly underutilizing historic KWGN)? Why is Nexstar satisfied with a station that doesn't care about or understand it's local market by telling spot news, with green Gen Z-ers (in Market 17 - REALLY!?), and a marketing department who can't put together a worthy brand that won't get their vehicles damaged by Coloradoans who HATE Fox News? - Nexstar isn't interested in Denver and they are willing to tank their stations here to subsidize a Me-Too Cable News Channel that will never go anywhere. It's disgusting. I'm tired of non-local ownership.