GoldenShine9 1515 Posted August 1, 2018 Posted August 1, 2018 KOLD is higher rated than KVOA. Hearst would be perfect for KVOA, KOAA and WLEX (in the case of KVOA, it would reunite it with most of its former Pulitzer sister stations). It wouldn't be much of a reunion; Pulitzer sold it in 1972, and the only other stations that they owned at the time were KOAT (now with Hearst) and KSD(K) (now with Tegna after a forced trade with Multimedia). They acquired most of their stations in the late 1970s and 1980s.
scrabbleship 429 Posted August 1, 2018 Posted August 1, 2018 It wouldn't be much of a reunion; Pulitzer sold it in 1972, and the only other stations that they owned at the time were KOAT (now with Hearst) and KSD(K) (now with Tegna after a forced trade with Multimedia). They acquired most of their stations in the late 1970s and 1980s. It would reunite them with ex-H&C sisters KCCI and WESH if that's what you're thinking of. When H&C broke up, KVOA went straight to Cordillera (then-d/b/a Evening Post).
dman748 1257 Posted August 2, 2018 Posted August 2, 2018 Well this is a kick in the gut! I was expecting less of this to happen after the Sinclair decision, honestly. I've also been reading about decline in broadcast revenue so far this year - a little concerning since it is an election year. Digital is becoming huge with more ad dollars being allocated there--I imagine Cordillera wants to leave their stations to someone better equipped to compete. Also sort of wondering where these groups selling off now were during the FCC auction. They could have made bank selling some spectrum and channel sharing - certainly enough of an ROI versus whatever these stations may get now. I wonder if Quincy or Hubbard would like to expand...we don't talk about those groups much. Maybe NPG too? Question: Could this class-action lawsuit that was filed earlier today against groups like Gray, Hearst, and others be contributed to the decline of the broadcast revenue? If so then the DOJ/courts ending that garbage may be the only way how media mergers are stopped
C Block 1574 Posted August 2, 2018 Posted August 2, 2018 They are looking to sell, not merge. EPI wants out of the TV business, and they want to cash out. The television business of that company is essentially a retirement plan for shareholders. My guess is one of the big guys buys them. I don't think the overlaps are that big of a deal. They are all pretty much small market, but they all are either market leaders or punch above their weight. Plenty of groups will be interested.
mre29 1588 Posted August 2, 2018 Posted August 2, 2018 Question: Could this class-action lawsuit that was filed earlier today against groups like Gray, Hearst, and others be contributed to the decline of the broadcast revenue? If so then the DOJ/courts ending that garbage may be the only way how media mergers are stopped Wait....what class-action lawsuit?
GoldenShine9 1515 Posted August 2, 2018 Posted August 2, 2018 Also re: Gray and Louisiana being fully covered with KATC, they would almost have the Deep South locked down. Mississippi only missing Greenville and Columbus-Tupelo, Alabama only missing Mobile, Georgia only missing Atlanta and Macon, the Florida Panhandle fully covered. In the Plains and northern Rockies (which I will consider ND, SD, NE, KS, WY, CO and MT), with the MTN cluster Gray would be in every market that is focused on those states except for Denver (not counting rimshots) and Glendive, although they would still be absent from Kansas City, St. Joseph and Sioux City on the fringes. Montana goes from Gray's missing link to the critical piece of the puzzle.
LexTVandRadio 418 Posted August 2, 2018 Author Posted August 2, 2018 They are looking to sell, not merge. EPI wants out of the TV business, and they want to cash out. The television business of that company is essentially a retirement plan for shareholders. My guess is one of the big guys buys them. I don't think the overlaps are that big of a deal. They are all pretty much small market, but they all are either market leaders or punch above their weight. Plenty of groups will be interested. That is what I am thinking, its a great group of stations.
Info Junkie 1286 Posted August 2, 2018 Posted August 2, 2018 Maybe Cordillera and Cox could merge their station groups together - since they’re both selling... Not a chance.
NewsMaster 226 Posted August 2, 2018 Posted August 2, 2018 Wait....what class-action lawsuit? This one.
Eat News 4745 Posted August 2, 2018 Posted August 2, 2018 This one. Just to be clear... It's not a "class action" suit unless the judge rules it class action. So far it's only a plaintiff motion to go C.A. It's possible the judge could rule it continue as a single plaintiff case...or make it class action if the court finds so. It's certainly an interesting complaint , that could have even more serious ramifications for all the respondents named in the filing.
AJClementeFan69 477 Posted August 2, 2018 Posted August 2, 2018 In general, I agree that a few conflicts should not scare off what would otherwise be a good merger, however I wouldn't think that it would be a very good use of Gray's resources to add the entire group when the three largest properties (by far) would all need to be sold off. That's really of no consequence. Despite the Raycom purchase, small market stations are still going to be Gray's bread-and-butter.
mre29 1588 Posted August 2, 2018 Posted August 2, 2018 [W]ith the MTN cluster Gray would be in every market that is focused on those states except for Denver (not counting rimshots) and Glendive... It wouldn't surprise me if ownership of the MTN cluster effectively comes with the right of first refusal for when Stephen Marks decides to sell KXGN.
dman748 1257 Posted August 3, 2018 Posted August 3, 2018 Wait....what class-action lawsuit? The one where the 4 companies that have been mentioned in this thread as potential suitors for Cordillera (plus the other 2 that shall not be named in this thread) got sued over ad inflation rates (which has been the main cause of this M&A craze that we've seen over the last several years)
LexTVandRadio 418 Posted August 7, 2018 Author Posted August 7, 2018 Is Sinclair or Gray max out on stations? Hoping it's not either of them.
channel2 982 Posted August 7, 2018 Posted August 7, 2018 Gray is gonna be at 24% household coverage after the Raycom deal is done.
LexTVandRadio 418 Posted August 9, 2018 Author Posted August 9, 2018 Looks like Cordillera had started to roll out some new/updated websites: https://koaa.com/ https://kristv.com/
dman748 1257 Posted August 10, 2018 Posted August 10, 2018 Is Sinclair or Gray max out on stations? Hoping it's not either of them. They're WAYYYY better off with either Gray or Nexstar than Sinclair if they can't be trusted to handle a large media merger like Tribune, what makes you think they can be trusted to handle a media merger the size of Cordillera? I wouldn't even trust Sinclair to handle anything, that's how much I (don't) trust Sinclair
GoldenShine9 1515 Posted August 11, 2018 Posted August 11, 2018 They're WAYYYY better off with either Gray or Nexstar than Sinclair if they can't be trusted to handle a large media merger like Tribune, what makes you think they can be trusted to handle a media merger the size of Cordillera? I wouldn't even trust Sinclair to handle anything, that's how much I (don't) trust Sinclair The number of possibilities at this point can be counted on our hands.
dman748 1257 Posted August 11, 2018 Posted August 11, 2018 The number of possibilities at this point can be counted on our hands. How many do you think can be counted on our hands?
AJClementeFan69 477 Posted August 11, 2018 Posted August 11, 2018 How many do you think can be counted on our hands? I would say up to 10...
appleachian 135 Posted August 11, 2018 Posted August 11, 2018 I would say up to 10... There’s a guy in Cuba who can count to 12...
tyrannical bastard 4084 Posted August 11, 2018 Posted August 11, 2018 This could be the starting point for Standard Media.... They can buy the whole shebang and have a group from the beginning...
ColtFromGulfcoast 739 Posted August 11, 2018 Posted August 11, 2018 This could be the starting point for Standard Media.... They can buy the whole shebang and have a group from the beginning... I can see it happening.
TSSZNews 1053 Posted August 11, 2018 Posted August 11, 2018 This could be the starting point for Standard Media.... They can buy the whole shebang and have a group from the beginning... Why would they want small market Cordillera when the big kids - Cox / Tribune - are on the block?
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