MarkBRollins88
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4 hours ago, T.L. Hughes said:
This basically further buttresses the theory that the company’s debt (exacerbated by Sinclair’s mismanagement of Diamond Sports into bankruptcy) is having an effect on the bottom line enough that it’s choosing not only to cut back on news operations at lower-rated stations in sub-65 markets, but now cut those in (somewhat) larger markets where their newscasts perform well.
It would have been easier for Sinclair to sell off stations to help pay off its debt (setting aside their plans to expand into other non-broadcast businesses until things get stable with their media arms), but their unwillingness to do so means employees at the affected stations suffer the consequences.
I can tell you KTUL’s newscasts have not performed well for sometime.
its not uncommon for their viewers o be in the hundreds. They occasionally perform worse than longtime basement dweller KJRH.
KOTV and KOKI are overwhelmingly dominant in the Tulsa market.
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What I will say is that this was an absolute bloodbath. 30-40 people let go.
the only ones being kept are a handful of MMJs and one anchor. Everyone, and I mean everyone else is gone.
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Sinclair Broadcast Group - General Discussion
in Corporate Chat
Posted
That’s right. I believe sports people are staying as well.