TheRob 920 Posted December 19, 2017 Share Posted December 19, 2017 Gannett sold its last radio stations in the late 1990s. They didn't have many radio stations, but they had some big ones, like KIIS/KIIS-FM, WGCI/WGCI-FM and WCZY. Link to comment Share on other sites More sharing options...
Eat News 4738 Posted December 19, 2017 Share Posted December 19, 2017 This moved on the wire .. SD KFMB Sale Eds: Elisabeth is correct. Anne Bentley at Tegna can be reached at (703) 873-6366 or [email protected]. Patricia Elwood at Midwest Television can be reached at (858) 495-9392. SAN DIEGO (CNS) - Family owned for more than a half century, KFMB-TV and its co-owned San Diego radio stations are being sold to national broadcast company Tegna for $325 million, the McLean, Virginia-based purchaser announced today. Tegna used to be part of Gannett, but was spun off as the owner of the media firm's broadcasting operations in 2015. Tegna owns 46 TV stations throughout the nation, making it one of the largest owners of broadcast properties. The name Gannett remained with the firm that ended up owning print publications, including USA Today. Tegna is acquiring KFMB-TV, the longtime affiliate of the CBS network broadcasting on Channel 8. The station also just started an affiliation with The CW network on a digital channel and cable. The sale also includes rock station KFMB-FM and talk station KFMB-AM, all from family-owned Midwest Television, pending regulatory approval by the Federal Communications Commission. Tegna praised KFMB-TV's ``dedicated colleagues'' who have made the station a ratings success. The San Diego TV market is the country's 29th largest, with 1.1 million households. It is the 17th largest radio market. ``This transaction is a testament to the outstanding value our employees have created serving the San Diego community,'' Midwest owner Elisabeth Kimmel said. ``Having owned these properties for over 55 years, our family believed it imperative to find an excellent steward for television and radio stations that the community has embraced as part of the fabric of San Diego.'' Tegna's 46 TV stations are in 38 markets. Its stations reach about one- third of all television households nationwide, according to the company. ``We have long admired our dedicated colleagues in San Diego and look forward to continuing the stations' high-quality journalism, editorial independence and commitment to their local community,'' said Dave Lougee, Tegna's president and chief executive. The deal is expected to close in the first quarter of 2018. CNS-12-18-2017 17:19 Link to comment Share on other sites More sharing options...
JCB4TV 333 Posted December 19, 2017 Share Posted December 19, 2017 Come on TEGNA, now come to Oklahoma and acquire KFOR and save them from the Tribune/Sinclair merger, just like you just did with KFMB. Link to comment Share on other sites More sharing options...
Eat News 4738 Posted December 19, 2017 Share Posted December 19, 2017 The last time that happened was in the late 70s after Gannett acquired Combined Communications. On that transaction they got KSDO am 1130 (all news...now christian) and KEZL 102.9 FM (Beautiful Music...now latino) in San Diego. Just a dumb factoid I remember that has no bearing on squat. Link to comment Share on other sites More sharing options...
hmaxhanson 650 Posted December 19, 2017 Share Posted December 19, 2017 On that transaction they got KSDO am 1130 (all news...now christian) and KEZL 102.9 FM (Beautiful Music...now latino) in San Diego. Just a dumb factoid I remember that has no bearing on squat. Well, do you remember when 102.9 was CHR "KS-103" in the mid 80's? Link to comment Share on other sites More sharing options...
AJClementeFan69 477 Posted December 19, 2017 Share Posted December 19, 2017 Could be a lot worse (Sinclair), but prepare to see a lot of veterans let go and young, cheap, will-work-for-pennies MMJs (I mean "MSJ"s) hired. Contrary to what another poster said, Tegna has changed quite a bit at the ex-Belo stations. They weren't immune from the buyouts, and the ratings at WFAA and WWL, for example, have suffered quite a bit since the change. No longer are they dominant #1s. That's not to say the other stations in the market haven't caught up, but they're no longer leading the way and have cheaped out on a lot of things. They have MMJs at WFAA now for crying out loud. Link to comment Share on other sites More sharing options...
Eat News 4738 Posted December 19, 2017 Share Posted December 19, 2017 Well, do you remember when 102.9 was CHR "KS-103" in the mid 80's? Whoa! That was a real short run... I totally forgot about that format. Nice sticker...good catch and save. I have a whole briefcase full of them going back to the 70's that I would love to scan and post somewhere. I wish I had an original B-100 Boogie ball...but I do posses an original KPRI-FM 106 Coke sticker...ya know the one that everybody altered to PRIK-106.. KOME....KLOS... Sorry I'm really drifting off topic now. Link to comment Share on other sites More sharing options...
Eat News 4738 Posted December 19, 2017 Share Posted December 19, 2017 Could be a lot worse (Sinclair), but prepare to see a lot of veterans let go and young, cheap, will-work-for-pennies MMJs (I mean "MSJ"s) hired. Contrary to what another poster said, Tegna has changed quite a bit at the ex-Belo stations. They weren't immune from the buyouts, and the ratings at WFAA and WWL, for example, have suffered quite a bit since the change. No longer are they dominant #1s. That's not to say the other stations in the market haven't caught up, but they're no longer leading the way and have cheaped out on a lot of things. They have MMJs at WFAA now for crying out loud. I'm calling the bookie to get the odds on when the first MMJ's will be hired at KFMB.. Ewww...I just threw up a little in my mouth when you mentioned "KFMB MMj's".... Bad thoughts. Link to comment Share on other sites More sharing options...
Rusty Muck 4167 Posted December 19, 2017 Share Posted December 19, 2017 Gannett sold its last radio stations in the late 1990s. They didn't have many radio stations, but they had some big ones, like KIIS/KIIS-FM, WGCI/WGCI-FM and WCZY. Gannett trademarked "KISS FM" for KIIS in the 1980s, that trademark was later used by Jacor and Clear Channel to bring "KISS FM" as a proprietary brand, save for legacy markets like Washington DC, Austin and New York. More specifically, Gannett sold off their last radio stations in April 1997. Link to comment Share on other sites More sharing options...
Breaking News 802 Posted December 19, 2017 Share Posted December 19, 2017 Good News Sinclair didn't get the station. I was hoping Meredith or Hearst. Oh well- http://www.ftvlive.com/sqsp-test/2017/12/19/tegna-buys-socal-station Link to comment Share on other sites More sharing options...
jsn1992 25 Posted December 19, 2017 Share Posted December 19, 2017 TEGNA isn't ideal, but it's certainly not Sincrap. Link to comment Share on other sites More sharing options...
channel2 869 Posted December 19, 2017 Share Posted December 19, 2017 I admit, I'm not sure why people are surprised at the price tag. WTVF sold for a pretty penny five years ago and that was in a similarly-sized market. Link to comment Share on other sites More sharing options...
Georgie56 3066 Posted December 19, 2017 Share Posted December 19, 2017 TEGNA isn't ideal, but it's certainly not Sincrap. TEGNA is head and shoulders above Sincrap. Link to comment Share on other sites More sharing options...
Big Country News 435 Posted December 19, 2017 Share Posted December 19, 2017 Wow! I wonder what will happen NXT. Link to comment Share on other sites More sharing options...
promoguy98 252 Posted December 19, 2017 Share Posted December 19, 2017 Wow! I wonder what will happen NXT. It can't be good, considering they can't afford the letter E from their font collection! Haaa tegna and their trendy shit, making sure they destroy some of America's legacy stations and make laughing stocks of stations that had a fighting chance to rise in the ratings. I'm pretty sure that new look and all of their on-going garbage will help flop the ratings even more on WWL. As for KFMB...... lots of reductions in head counts and "NXT" fonts to come. Sad! Speaking of NXT, maybe their hack-job, underpaid consultant keeps a fresh pack of Marlboro NXT's around, so maybe that's where the NXT inspiration came from? Yeah, using Marlboro's research is cool and trendy and will hook those kids right in while they're still young Link to comment Share on other sites More sharing options...
Conrad 113 Posted December 19, 2017 Share Posted December 19, 2017 Now San Diego is "all within reach" (even though Gannettegna no longer uses this slogan and New Gannett now uses it). Gannettegna is one of my favorite ownership groups. I even have the Deathstar as my profile picture. As for that "certain" ownership group touring KFMB... that was Sincrap. They chose to keep KSWB in the future. Link to comment Share on other sites More sharing options...
MichiganNewsGraphicsJunkie 748 Posted December 19, 2017 Share Posted December 19, 2017 Good News Sinclair didn't get the station. I was hoping Meredith or Hearst. Oh well- http://www.ftvlive.com/sqsp-test/2017/12/19/tegna-buys-socal-station Poor Scott wasn't FIRST to report this ... shocking... Link to comment Share on other sites More sharing options...
TexasTVNews 1366 Posted December 19, 2017 Share Posted December 19, 2017 The announcement made on the station's website. http://www.cbs8.com/story/37101170/tegna-buys-san-diegos-kfmb-tv-radio-stations-for-325m Link to comment Share on other sites More sharing options...
Conrad 113 Posted December 19, 2017 Share Posted December 19, 2017 Good News Sinclair didn't get the station. I was hoping Meredith or Hearst. Oh well- http://www.ftvlive.com/sqsp-test/2017/12/19/tegna-buys-socal-station Neither did Nexstar. Maybe Meredith or Hearst could get KNSD if NBC is willing to sell. If Meredith, that means soon there would be 3 common owners between two cities over 5 hours apart (San Diego and Phoenix): Scripps: KGTV and KNXV TEGNA: KFMB and KPNX Meredith: KNSD and KPHO/KTVK And another pair of two cities about 5 hours apart (San Diego and Las Vegas) Scripps: KGTV and KTNV Meredith: KNSD and KVVU Sinclair: KSWB and KSNV/KVCW That could pressure KFMB and KNSD into swapping affiliations. San Diego will already have 3 common owners with Denver: Scripps: KGTV and KMGH TEGNA: KFMB and KUSA Sinclair: KSWB and KDVR/KWGN (or KWGN only if Fox gets KDVR back) Fox is also reportedly interested in KSWB. If that happens, KSWB and KSAZ would also be under common ownership, leaving San Diego and Phoenix with 4 common owners (there would already be 3 in this scenario)! Also, San Diego and Atlanta would have 3 common owners if Meredith were to get KNSD: TEGNA: KFMB and WXIA/WATL Meredith: KNSD and WGCL/WPCH Fox: KSWB and WAGA Link to comment Share on other sites More sharing options...
Georgie56 3066 Posted December 19, 2017 Share Posted December 19, 2017 Wow! I wonder what will happen NXT. This. Link to comment Share on other sites More sharing options...
Guest Former Member 207 Posted December 19, 2017 Share Posted December 19, 2017 This. or this... Link to comment Share on other sites More sharing options...
Eat News 4738 Posted December 19, 2017 Share Posted December 19, 2017 The announcement made on the station's website. http://www.cbs8.com/story/37101170/tegna-buys-san-diegos-kfmb-tv-radio-stations-for-325m So lemme ask ya all... Would KRON still fetch 880Mil in today's broadcasting climate? (Whoopee...I worked KRON into something before the close of 2017) I win the internet! Link to comment Share on other sites More sharing options...
Breaking News 802 Posted December 19, 2017 Share Posted December 19, 2017 So lemme ask ya all... Would KRON still fetch 880Mil in today's broadcasting climate? (Whoopee...I worked KRON into something before the close of 2017) I win the internet! I think KRON has devalued since those good ole NBC days were apart of them just like ice cream and apple pie. Link to comment Share on other sites More sharing options...
nickp 296 Posted December 19, 2017 Share Posted December 19, 2017 Great purchase for Tegna surprised that CBS did not buy Les said they would be buying TV stations after spin off of radio I think it's a great sell for Elisabeth Kimmel and Midwest Link to comment Share on other sites More sharing options...
ED2 144 Posted December 19, 2017 Share Posted December 19, 2017 Honestly I thought KFMB would have been on its way to becoming a CBS-owned property. Link to comment Share on other sites More sharing options...
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