GoldenShine9

No surprise at all really, Granite was definitely a seller all along.

Nexstar was never even in contention for the big guns recently - Local TV, Allbritton, Belo, Young, etc. - as they were FAR outside their price range. I wonder if the top-market netlets would be kept by them or sold (perhaps to networks looking for O&O duopolies) for more cash for further acquisitions, since Nexstar doesn't seem interested in top-25 markets.

 

OMG, Gray is about to have a SHELL???!!

 

TVNewsCheck have posted that News-Press & Gazette Company has announced that it has agreed to sell KJCT Grand Junction to this newly formed company, Excalibur Broadcasting, LLC for over $3M. It also states that other non-FCC licensed assets will be sold by Gray proper for $9M. Excalibur is ran by former Gray Regional VP & GM of leading station WSAZ 3.

 

That sure changes things in the speculation...maybe a sign that NPG is headed for the market, while Gray may be a buyer after all (they were heavily rumored to be for sale)? Although one station could be a blip, it could start a trend...

A shell for one station rarely happens unless it is clear that they are trying to start something...

 

We have another little M&A deal today.

 

TVNewsCheck states that Chambers Communications, which owns the Oregon ABC stations outside of Portland including KEZI & KDRV, is selling Bend's KOHD to Zolo Media, which owns former KOIN 6 satellite station, KBNZ-LD for $2.35M.

 

A sign that the whole company could eventually be for sale? They are dominant stations in their market with weak competition...

 

Wow...Gary England is an Oklahoma broadcasting and meteorological legend. But I am glad that he will still have a role at KWTV though. He's their most valuable asset.

 

At first I thought that was a sign (if he was leaving) that perhaps Griffin was going on the market...