Weeters 1916 Posted March 10, 2018 Share Posted March 10, 2018 This thread is for people who wish to know the latest news regarding the Tribune and Sinclair merger, without all the discussion. Please only post news updates in this thread. Discussion should take place in the other thread. ---------------- TVNewsCheck is reporting that Sinclair has received final bids for stations they will sell. The official list should be announced next week. Link to comment https://localnewstalk.net/topic/16338-sinclair-and-tribune-just-the-facts/ Share on other sites More sharing options...
NewsMaster 226 Posted March 13, 2018 Share Posted March 13, 2018 This is not directly related to Sin-Trib, but it's definitely relevant to the merger as it is most likely the main reason why this is happening: The FCC [URL='http://www.tvnewscheck.com/article/111926/fcc-sued-over-media-ownership-moves']has been sued[/URL] by Free Press, Common Cause and others over the deregulation of ownership limits. Specifically, it's concerned about the de-attribution of SSA's and JSA's, as well as getting rid of some of the local rules (the top four rule, the eight voice test, etc.). If you want to discuss, going off what @Weeters said, please do so in the other Sin-Trib thread. Link to comment https://localnewstalk.net/topic/16338-sinclair-and-tribune-just-the-facts/#findComment-198929 Share on other sites More sharing options...
dman748 1256 Posted March 14, 2018 Share Posted March 14, 2018 http://www.tvnewscheck.com/article/111986/aca-to-fcc-not-so-fast-on-sinclairtribune Any discussion of the deal should take place in the other thread as Weeters called for The American Cable Association has asked the FCC to put the brakes on its review of the Sinclair-Tribune merger, arguing that Sinclair has withheld information needed to evaluate the deal. “Until Sinclair discloses information regarding the stations it proposes to divest, it has not provided the ‘full and complete record’ necessary to evaluate the proposed transaction. Without such information, the commission cannot proceed with its review,” the trade group told the FCC is a filing dated March 12. The ACA, which represents smaller cable operators, takes aim at Sinclair’s latest change in plans to keep two top 4-rated stations in Indianapolis and Greensboro, N.C. Such duopolies are currently disallowed, but the FCC has said it will consider allowing them on a case-by-case basis. At first, Sinclair said it would place one of the stations in each of the markets in a trust while the FCC conducts its case-by-case review. But then it modified that to say it would ask the FCC for a temporary waiver during the commission's review There’s a big difference in the two approaches, ACA said. If a station is in trust, Sinclair doesn’t own it and so it would not be able to exercise after-acquired clauses. Such clauses allow station groups to automatically raise retransmission fees of newly acquired stations to the higher level of its group-wide retrans agreements. However, ACA explained, if Sinclair gets a temporary waiver to own the stations, it will be able to immediately take advantage of the after-acquired provision. “To be clear, our concern here is not solely with Sinclair’s or any other broadcaster’s use of after-acquired station clauses, although we have expressed concerns with such clauses in the past. The new issue here is that, by combining after-acquired station clauses with temporary ownership waivers, Sinclair could — intentionally or otherwise — automatically increase retransmission consent prices for stations that Sinclair cannot lawfully own.” Link to comment https://localnewstalk.net/topic/16338-sinclair-and-tribune-just-the-facts/#findComment-199048 Share on other sites More sharing options...
NowBergen 685 Posted April 11, 2018 Share Posted April 11, 2018 Just read that there is a WSJ report that the Sinclair plan for WPIX and WGN has hit a snag with the FCC which is not ready to approve it due to concerns over independence from Sinclair and that the purchase prices were below market valuation. Hopefully this will force Sinclair to divest them cleanly without any joint operating agreements. https://www.bizjournals.com/stlouis/news/2018/04/10/fcc-pushes-back-on-sinclair-plan-to-buy-tribune.html Link to comment https://localnewstalk.net/topic/16338-sinclair-and-tribune-just-the-facts/#findComment-201314 Share on other sites More sharing options...
TheRob 938 Posted April 24, 2018 Share Posted April 24, 2018 We just got an email with a new filing today: Meredith will buy KPLR/St. Louis. KCPQ, KDVR, WJW, KTXL, KSTU, KSWB and WSFL are listed as "TBA" (assume most of these will be FOX) WGN will be shelled but WPIX will not. KIAH and KDAF will be shelled. Several others in overlap markets will be listed under an entity called "Standard Media." (p.s., please move to appropriate thread if I clicked on the wrong one. I have the .pdf of the latest filing) Link to comment https://localnewstalk.net/topic/16338-sinclair-and-tribune-just-the-facts/#findComment-202280 Share on other sites More sharing options...
TheRob 938 Posted April 24, 2018 Share Posted April 24, 2018 Link to comment https://localnewstalk.net/topic/16338-sinclair-and-tribune-just-the-facts/#findComment-202290 Share on other sites More sharing options...
Samantha 2896 Posted April 24, 2018 Share Posted April 24, 2018 The official press release: https://www.prnewswire.com/news-releases/sinclair-enters-into-agreements-to-sell-tv-stations-related-to-closing-tribune-media-acquisition-300635743.html Link to comment https://localnewstalk.net/topic/16338-sinclair-and-tribune-just-the-facts/#findComment-202314 Share on other sites More sharing options...
CircleSeven 1955 Posted April 25, 2018 Share Posted April 25, 2018 Here's the updated comprehensive exhibit with all the changes posted. Link to comment https://localnewstalk.net/topic/16338-sinclair-and-tribune-just-the-facts/#findComment-202395 Share on other sites More sharing options...
dman748 1256 Posted April 26, 2018 Share Posted April 26, 2018 https://www.broadcastingcable.com/news/sinclair-deal-shot-clock-still-paused looks like the Justice Department is satisfied with the latest divestment plan and that the clock will restart once the FCC gets the final version of the divestment plan so that it can be put out for public commpents and replies http://www.tvnewscheck.com/article/113162/sinclair-to-reach-58-of-tvhhs-or-is-it-66 http://www.tvnewscheck.com/article/113165/suddenly-time-is-of-essence-for-sinclairtrib My thoughts/takeaways from Harry Jessell's 2-part column are in the other thread for you to read Link to comment https://localnewstalk.net/topic/16338-sinclair-and-tribune-just-the-facts/#findComment-202605 Share on other sites More sharing options...
CircleSeven 1955 Posted April 30, 2018 Share Posted April 30, 2018 More Paperwork tonight..... KDAF/KIAH to Cunningham. Price: $60M. No JSA/SSA, but SBG will op the outlets through a 180-day transition agreement after closing. KAUT/KMYU/KUNS to Howard Stirk. Price: $4.95M ($3.8M for KUNS, $750K for KAUT & $400K for KMYU). JSA/SSA op'd by SBG. All five stations mentioned have option agreements between the proposed buyers & SBG. Also posted last Wednesday: KPLR to Meredith. Price: $65M. 120-day transition agreement between SBG & Meredith after closing. _________________________________________ Re-EDIT (5/1): Standard Media paperwork. It includes an APA, a 180-day transition agreement and a reverse? transition agreement. WSWB wants to duo with WOLF because the former is not in the top-4 (remember the eight voice test is squashed). And wants continued satellite authority for WQMY to repeat WOLF. They also want WOLF to continue the news share agreement with WSBT after closing. The others: KDSM, KOKH, WPMT, WRLH, WXMI, WXLV. Purchase Price: $441.7M. Link to comment https://localnewstalk.net/topic/16338-sinclair-and-tribune-just-the-facts/#findComment-202882 Share on other sites More sharing options...
dman748 1256 Posted May 10, 2018 Share Posted May 10, 2018 dealReporter is reporting that the DOJ is approving the elaborate divestment plan made by Sinclair to gain regulatory approval to acquire Tribune Media https://seekingalpha.com/news/3354673-report-doj-approving-sinclair-tribune-divestitures-deal this will be croosed over into the other thread for discussion EDIT: Justice/FCC is actually not satisfied with parts of Sinclair's latest divestment plan, details are in the other thread https://www.broadcastingcable.com/news/sinclair-hopes-fifth-times-the-charm Link to comment https://localnewstalk.net/topic/16338-sinclair-and-tribune-just-the-facts/#findComment-203528 Share on other sites More sharing options...
CircleSeven 1955 Posted May 15, 2018 Share Posted May 15, 2018 The Paperwork for the divestitures to Fox are up. KCPQ, KDVR, KSTU, KSWB, KTXL, WJW, WSFL. Transaction Description, APA, 180-day transition, reverse transition, KTBC Option, WPWR Option. Purchase Price for the seven: $910M. Link to comment https://localnewstalk.net/topic/16338-sinclair-and-tribune-just-the-facts/#findComment-203961 Share on other sites More sharing options...
dman748 1256 Posted May 16, 2018 Share Posted May 16, 2018 Free Press has responded to the request for evidence of standing more on this in the other thread https://www.broadcastingcable.com/news/free-press-to-court-sinclair-is-exhibit-a-for-uhf-discount-harms The FCC has opened up the merger for public comment, details are in the link and in the other thread Link to comment https://localnewstalk.net/topic/16338-sinclair-and-tribune-just-the-facts/#findComment-204048 Share on other sites More sharing options...
TheRolyPoly 2449 Posted May 22, 2018 Share Posted May 22, 2018 BREAKING and EXCLUSIVE to the Radio+Television Business Report: Another twist to this continuing messy saga: The Meredith acquisition of KPLR 11 (CW) to create a duopoly with KMOV 4 (CBS) may not happen at all! This now leaves as to which station KTVI could pair up with going forward. https://www.rbr.com/meredith-sinclair-station-sale-deny/ Translation: The DOJ has put the sale of KPLR-11 into review, and its sale to Meredith Corp. may not happen. Accordingly, a new filing for KPLR-11 was made — one week ago — with the FCC. The filing shows “KPLR Inc.” and Tribune transferring the station into the Sinclair Divestiture Trust, created in late February and administered by RAFAMEDIA LLC, led by longtime media broker Richard A. Foreman. The filing includes a “Changes in Interest” document, drafted in May 2018. It further confirms the transfer of KPLR into the trust, negating the paperwork that put the Meredith deal in motion. There was no mention of the April 25 filing that saw “KPLR Inc.” and Sinclair — an important differentiator to the May filing — assign KPLR-11 to Meredith. With KPLR-11 now going into trust, Sinclair can’t put its hands on it: The Meredith deal saw Sinclair spinning the station seconds after its Tribune Media merger was to close. Nowhere in the revised paperwork is there mention of Meredith Corp., or its now-scuttled Form 315 filing from April. Link to comment https://localnewstalk.net/topic/16338-sinclair-and-tribune-just-the-facts/#findComment-204434 Share on other sites More sharing options...
mre29 1537 Posted May 22, 2018 Share Posted May 22, 2018 Isn't that old news? Link to comment https://localnewstalk.net/topic/16338-sinclair-and-tribune-just-the-facts/#findComment-204435 Share on other sites More sharing options...
TheRolyPoly 2449 Posted May 22, 2018 Share Posted May 22, 2018 Isn't that old news? No. Link to comment https://localnewstalk.net/topic/16338-sinclair-and-tribune-just-the-facts/#findComment-204464 Share on other sites More sharing options...
Samantha 2896 Posted May 24, 2018 Share Posted May 24, 2018 No. It had not previously been publicly reported, though it had been mentioned in passing in a filing. Link to comment https://localnewstalk.net/topic/16338-sinclair-and-tribune-just-the-facts/#findComment-204577 Share on other sites More sharing options...
mre29 1537 Posted May 24, 2018 Share Posted May 24, 2018 Ah, that must be it. Link to comment https://localnewstalk.net/topic/16338-sinclair-and-tribune-just-the-facts/#findComment-204580 Share on other sites More sharing options...
Eat News 4745 Posted May 24, 2018 Share Posted May 24, 2018 It had not previously been publicly reported, though it had been mentioned in passing in a filing. I should hope nobody's life was put in any danger with this "leak"....or "disclosure"...wink wink. Link to comment https://localnewstalk.net/topic/16338-sinclair-and-tribune-just-the-facts/#findComment-204582 Share on other sites More sharing options...
dman748 1256 Posted July 12, 2018 Share Posted July 12, 2018 Hate to bump a stagnant thread but Fox Business is reporting that the DOJ could sign-off on this deal as early as tomorrow Link to comment https://localnewstalk.net/topic/16338-sinclair-and-tribune-just-the-facts/#findComment-207366 Share on other sites More sharing options...
mre29 1537 Posted September 26, 2018 Share Posted September 26, 2018 I think it's safe to unsticky this thread. Link to comment https://localnewstalk.net/topic/16338-sinclair-and-tribune-just-the-facts/#findComment-213850 Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.