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Rusty Muck

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Everything posted by Rusty Muck

  1. Rusty Muck
    This interview of CBS News and Station's Wendy McMahon reads not only as a direct indictment against CBS's prior management team, but a direct indictment on Soo Kim's short-sighted attacks on Dave Lougee and Tegna's attempts to modernize their newscasts. The second Soo throws Dave overboard, CBS will hire him in a heartbeat. And you watch as the former Tegna stations forced to adopt the formula perfected by WFXT, the sixth-place station in a five-station market, are subsequently crippled and stifled by a greedy private equity overlord who only wants to cash out in 1-3 years max. CBS's choice of KXTA as their central "news innovation" hub now looks more and more like the shrewdest move of all time. They're going to take advantage of WFAA's inevitable collapse under Apollo and might have seen this one coming.
  2. Rusty Muck
    lmfao WFXT, the "anchor of a new station group." I think it's be called the S.S. Titanic.
  3. Rusty Muck
    Easiest solution is to let Apollo talk full control of Tegna. If this FCC doesn't bat an eye then the ownership cap is worthless.
  4. Rusty Muck
    It would go away because Soo Kim doesn't care about broadcasting and has it in for Dave Lougee. Expect a massive disinvestment and abandonment of all digital aspects. It'll be an utter shame.
  5. Rusty Muck
    Not when they're operated by private equity vultures who seek to cash out for maximum profits. Soo Kim utterly ruined MediaGeneral and made a killing offloading it to Nexstar. They have to prove they aren't any more than a silent partner in this deal, which I don't think Apollo has the capability to do. I don't trust them for a second even if they eliminated the entirety of their stake in this dumpster fire of a purchase. As @Weeterssaid on the Discord, "If this goes through, the (39%) cap is proven to be entirely pointless". And he's right.
  6. Rusty Muck
    Apollo and Standard General will only be paying for the KPVI look, because KPVI News at 5 is News That Works For You
  7. Rusty Muck
    to be fair, there were two WBKBs in Chicago and the first ultimately wound up on channel 2 lmao Graham, Hearst and Hubbard have not participated in this M&A mayhem because they are diversified entities. I do believe that within 1-3 years, all three will be selling their TV chains outright.
  8. Rusty Muck
    Apollo needs to not have ANY stake in the new iteration of Tegna, and if that needs to be accomplished with further trades of Tegna stations to Apollo to recoup the balance of Apollo's planned stake, then so be it. Otherwise it'll be rejected on its face. For perspective, the Dumont Network died in part because the FCC considered them and KTLA and WBKB/2 Chicago to be co-owned because Paramount Studios (which owned both, neither of which were ever Dumont affiliates!) had a minority stake in Dumont. Thus, Dumont couldn't purchase any more O&Os when they desperately needed to.
  9. Rusty Muck
    The claim made in this filing is that both companies are going to be independent of each other and that Apollo's stake in Tegna is not of importance because they'll not be holding any voting stock. I don't believe it for a second.
  10. Rusty Muck
    The DOJ and FCC should be rejecting this deal outright. It's an atrociously structured deal that benefits no one but the stockholders at Apollo and Standard General. It will cripple local news in a way we haven't seen in a long time. It's also the logical end result of the M&A mania of the past few years, where there's no one left to buy stations but private equity vultures. (BTW, the Federal Reserve is raising interest rates today, so this was filed right at the deadline.)
  11. Rusty Muck
    Standard General can't afford to buy Tegna on their own, so Apollo is allegedly a silent partner with no voting stock (*SNERK*). These station trades are proof of this; Apollo and Standard are simply picking the company apart just to buy it. Nevermind that Byron Allen offered significantly more for Tegna and was rejected.
  12. Rusty Muck
    I can absolutely see Hilton Howell hiring Dave Lougee the second Soo throws him overboard.
  13. Rusty Muck
    The marketplace has clearly collapsed when two private equity vultures are attempting to pick apart a company too big to fail like this. It's an atrocious deal that'll set back local news in a time when they can't afford to. Soo Kim and Apollo are buying Tegna merely to gut it, starve it, then break it up.
  14. Rusty Muck
    Channel 62 not only was a hastily purchased station while the network was under extreme duress (the infamy of purchasing the first Black-owned television station in the mainland notwithstanding), CBS, Inc. ceased to exist two years later as Westinghouse became CBS Corp. And then the original Viacom, Les Moonves and Dunn—Friend simply didn’t give a damn. WDJT has been nurtured and supported by Weigel since day one. Something channel 62 didn’t have… until now.
  15. Rusty Muck
    They definitely have a building. It just needs new equipment. Especially ditching all those old CRTs. I told @Samanthalast night that I wish I could see the purchase orders on this project.
  16. Rusty Muck
    It'd be an amusing way for Gray to backdoor purchase NewsNet, that's for sure.
  17. Rusty Muck
    One thing people forget is that, for the headlines WKYC had with their makeover, WEWS did similarly with Scripps getting their stations to veer away from flashy crime-heavy headlines in favor of “meat and potatoes” news… and WEWS didn’t ballyhoo it at all.
  18. Rusty Muck
    Weigel doesn’t need to buy the station if they’re able to get H&I, Movies! and Decades cleared. And they’d be the only one capable of buying the station if they wanted.
  19. Rusty Muck
    Well given the very questionable financial situation Sinclair is currently in—and it’ll get even worse with no MLB this year—the networks may be simply biding their time.
  20. Rusty Muck
    From how the Marquette fiasco seems to have gone, the mass renewal is less “despite WJMN” and more “because WJMN”
  21. Rusty Muck
    I just remembered that VCBS owns WBXI 47 in Indianapolis. They could have told Perry, “we’ll screw WTTV over and make WBXI the new home for CBS in Indianapolis if you don’t cave immediately”. And Perry folded like a cheap suit.
  22. Rusty Muck
    Pretty much confirms suspicions that this was a poker game Nexstar played with CBS. Not only did they lose, Nexstar ceded all leverage by panic renewing all the other CBS affiliations simultaneously.
  23. Rusty Muck
    They also spent a ton of money on NewsNation and no one is watching that lol
  24. Rusty Muck
  25. Rusty Muck
    I give it a month before WJMN folds their news department outright. There is no way they can be competitive with no wire or feeds.
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