Providence Equity putting Newport Television on the block....

[tyrannical bastard 4084]

http://www.reuters.com/article/2012/03/23/us-exclusive-providence-idUSBRE82M11X20120323

 

Perhaps the Private Equity fad is beginning to die off?

Could Oak Hill be next to spin off Local TV LLC?

 

I wonder if Newport could spin off into its own company and go public?

[TexasTVNews 1379]

Any company would definitively purchase Newport Television, but please not Sinclair. Anything but Sinclair.

[susquvalleywgal 524]

Interesting how this is happing when CBS21 WHP is on the cusp of completing the HD News conversion. Very interesting ...

[stevieboy247 43]

Any company would definitively purchase Newport Television, but please not Sinclair. Anything but Sinclair.

 

For me, I'd like to see the company merge with either Raycom or Nexstar. I just hope Sinturd does'nt even come close to purchasing Newport.

[Samantha 2907]

Raycom or Nexstar would be similarly too large to consider a purchase like this. Raycom would have to divest Memphis, and Nexstar would have to divest Little Rock and something in Jacksonville.

[qunewsguy 380]

Could be interesting to see if LIN picks up some or all of the northeast group, given that they've got a New England cluster in place and a hub in Springfield.

[montevallomatt 0]

If LIN did buy Newport, would they have to sell WPMI or could they form a triopoly with WALA and WPMI?

[TennTV1983 811]

If LIN did buy Newport, would they have to sell WPMI or could they form a triopoly with WALA and WPMI?

Chances are one of the two duopolies in Mobile (Newport also owns WJTC) would have to be sold to another company (with Raycom being the most likely suitor).

[T.L. Hughes 907]

For me, I'd like to see the company merge with either Raycom or Nexstar. I just hope Sinturd does'nt even come close to purchasing Newport.

 

Any company would definitively purchase Newport Television, but please not Sinclair. Anything but Sinclair.

 

I doubt Sinclair would buy it, it would have to divest its San Antonio duopoly of KABB/KMYS in order to get WOAI-TV (unless it transferred those two stations to Cunningham), Sinclair is also too large of a company now to begin with. For Nexstar, WLYH is operated by the company but if it bought the station, it would have to use Mission Broadcasting to purchase it; and Rochester would might not be possible since Nexstar doesn't do virtual triopolies, just virtual duopolies (Newport owns WHAM, Nexstar owns WROC and operates Sinclair's WUHF).

[ColumbusNewsFan 218]

Any company would definitively purchase Newport Television, but please not Sinclair. Anything but Sinclair.

 

I'm about to say this shockingly for me......But you can do MUCH worst then sinclar they are at least showing effort. Nexstar....NOW THAT is worst!