NowBergen 684 Posted November 29, 2018 Share Posted November 29, 2018 21 minutes ago, Myron Falwell said: The stations in bold, along with WJW (and WSFL and KSTU), would have been sold to Fox anyway. Assuming that Fox would want to go with that deal again (and with the same stations), this rest of the divestiture list is not that long or complex. TEGNA can’t have a triopoly in Denver (KUSA/KTVD), so KWGN may be simply thrown in with KDVR in the inevitable Fox transaction. Ditto with KZJO and KCPQ. And considering the outright mess Sinclair fell into with the KPLR/KTVI duopoly, TEGNA is just better off unloading both stations cleanly, no muss, no fuss. They’d know that right off the bat. Tegna selling KTVI would be much cleaner than the mess Sinclair created. They would also sell the former KPLR facility that both stations operate from to the new owners (Fox?) and move KPLR into KSDK's facility. The issue becomes will KSDK operate a news function for KPLR considering their failed attempt years ago for KDNL. It would probably need to be 6 or 6:30 pm and 10 pm. Link to comment https://localnewstalk.net/topic/16657-the-tribune-saga-part-3-new-sale-talks/page/15/#findComment-217512 Share on other sites More sharing options...
Rusty Muck 4378 Posted November 29, 2018 Share Posted November 29, 2018 11 minutes ago, T.L. Hughes said: I forgot about KTVD; however, it's not out of the realm of possibility that they could flip that for KWGN (assuming Tribune doesn't choose to sell it to Fox along with KDVR, or even sell it piecemeal to either CBS or Scripps to create a new duopoly with either KCNC or KMGH). TEGNA, not Tribune, would be making the divestments to Fox (or whomever). Tribune and their investment bankers want a singular initial transaction for the company, and that’s it on their end. Link to comment https://localnewstalk.net/topic/16657-the-tribune-saga-part-3-new-sale-talks/page/15/#findComment-217513 Share on other sites More sharing options...
T.L. Hughes 890 Posted November 29, 2018 Share Posted November 29, 2018 12 minutes ago, NowBergen said: Tegna selling KTVI would be much cleaner than the mess Sinclair created. They would also sell the former KPLR facility that both stations operate from to the new owners (Fox?) and move KPLR into KSDK's facility. The issue becomes will KSDK operate a news function for KPLR considering their failed attempt years ago for KDNL. It would probably need to be 6 or 6:30 pm and 10 pm. Since KSDK programs a half-hour 4:00 p.m. newscast, such a scenario would necessitate either ceding that newscast to KPLR's existing newscast in that slot or shifting the entire hour-long slot exclusively to KSDK and having KPLR fill it with syndicated shows. KPLR's noon newscast could stay, since KSDK dropped the newscast it aired in that slot a little over a year ago. The prime time newscast could either remain at 7:00 or, if Tegna were to cut a deal with The CW to move the network's prime time lineup back to its recommended time period, move the newscast back to 9:00 as a competitor to KTVI (as had been the case from when KTVI began offering news at 9:00 p.m. in 1997 until the LMA between KPLR and KTVI was formed in 2008). Link to comment https://localnewstalk.net/topic/16657-the-tribune-saga-part-3-new-sale-talks/page/15/#findComment-217514 Share on other sites More sharing options...
Rusty Muck 4378 Posted November 29, 2018 Share Posted November 29, 2018 7 minutes ago, NowBergen said: Tegna selling KTVI would be much cleaner than the mess Sinclair created. They would also sell the former KPLR facility that both stations operate from to the new owners (Fox?) and move KPLR into KSDK's facility. The issue becomes will KSDK operate a news function for KPLR considering their failed attempt years ago for KDNL. It would probably need to be 6 or 6:30 pm and 10 pm. Meredith wanted to pair KPLR with KMOV, but couldn’t because Sinclair wanted an impossible second duopoly in the market. This is different, as there will be one duopoly in the market no matter what (assuming TEGNA is the winner here). If TEGNA feels it’s worth it to pair KPLR with KSDK, I don’t see why they couldn’t. Link to comment https://localnewstalk.net/topic/16657-the-tribune-saga-part-3-new-sale-talks/page/15/#findComment-217515 Share on other sites More sharing options...
ColtFromGulfcoast 709 Posted November 29, 2018 Share Posted November 29, 2018 1 hour ago, T.L. Hughes said: Agreed. Even Nexstar - which started out covering mainly only the sub-60 markets for about its first 13 years of operation - had expanded to include small, mid-sized and a smattering of major markets before submitting bids for Tribune. For Northwest to try to expand into the top 50 (and, for that matter, top 10) markets in one fell swoop is a tough sell. The New York Post said that it wouldn't be a partnership. Apollo would buy Northwest and Tribune at the same time and own both of them. That to me sounds like Apollo will have sole control. I could be reading it wrong. Link to comment https://localnewstalk.net/topic/16657-the-tribune-saga-part-3-new-sale-talks/page/15/#findComment-217516 Share on other sites More sharing options...
mre29 1537 Posted November 29, 2018 Author Share Posted November 29, 2018 3 minutes ago, ColtFromGulfcoast said: The New York Post said that it wouldn't be a partnership. Apollo would buy Northwest and Tribune at the same time and own both of them. That to me sounds like Apollo will have sole control. I could be reading it wrong. So, why does Apollo even need Northwest, then? Link to comment https://localnewstalk.net/topic/16657-the-tribune-saga-part-3-new-sale-talks/page/15/#findComment-217517 Share on other sites More sharing options...
Rusty Muck 4378 Posted November 29, 2018 Share Posted November 29, 2018 1 hour ago, ColtFromGulfcoast said: The New York Post said that it wouldn't be a partnership. Apollo would buy Northwest and Tribune at the same time and own both of them. That to me sounds like Apollo will have sole control. I could be reading it wrong. And what happens if this plan fails? Does Northwest put itself on the block or sell themselves out to Apollo regardless? Link to comment https://localnewstalk.net/topic/16657-the-tribune-saga-part-3-new-sale-talks/page/15/#findComment-217518 Share on other sites More sharing options...
ColtFromGulfcoast 709 Posted November 29, 2018 Share Posted November 29, 2018 1 hour ago, mre29 said: So, why does Apollo even need Northwest, then? Apparently for leverage pertaining to cable contracts. https://www.google.com/amp/s/nypost.com/2018/11/28/apollo-acquiring-local-stations-to-boost-bid-for-tribune-media/amp/ 13 minutes ago, Myron Falwell said: And what happens if this plan fails? Does Northwest put itself on the block or sell themselves out to Apollo regardless? For some reason, I feel like they won't be done. They could use Northwest as bait for Cox. Link to comment https://localnewstalk.net/topic/16657-the-tribune-saga-part-3-new-sale-talks/page/15/#findComment-217520 Share on other sites More sharing options...
The Frog 429 Posted November 29, 2018 Share Posted November 29, 2018 The initial announcement made it sound like Apollo and Northwest were teaming for the bid, but from the NY Post article Apollo is straight up purchasing Northwest. I found this bit interesting: Quote Apollo was as recently as July in talks to buy Nexstar from its chairman and CEO, Perry Sook. Sook has had a long-running ambition to buy Tribune Media and become the nation’s biggest owner of TV stations. But Sook, who founded Nexstar in 1996, changed his mind when regulators stopped Sinclair from completing its buyout of Tribune Media, putting Tribune Media back in play. Sook then reversed himself and pursued Tribune Media. Link to comment https://localnewstalk.net/topic/16657-the-tribune-saga-part-3-new-sale-talks/page/15/#findComment-217523 Share on other sites More sharing options...
dman748 1256 Posted November 30, 2018 Share Posted November 30, 2018 9 hours ago, T.L. Hughes said: Agreed. Even Nexstar - which started out covering mainly only the sub-60 markets for about its first 13 years of operation - had expanded to include small, mid-sized and a smattering of major markets before submitting bids for Tribune. For Northwest to try to expand into the top 50 (and, for that matter, top 10) markets in one fell swoop is a tough sell. Also, why in the world does Apollo think they need to partner with another company to get a deal done? They have an abundance of cash they could get a deal done WITHOUT a partner for crying out loud! Link to comment https://localnewstalk.net/topic/16657-the-tribune-saga-part-3-new-sale-talks/page/15/#findComment-217537 Share on other sites More sharing options...
Greggo 356 Posted November 30, 2018 Share Posted November 30, 2018 1 hour ago, oknewsguy said: Also, why in the world does Apollo think they need to partner with another company to get a deal done? They have an abundance of cash they could get a deal done WITHOUT a partner for crying out loud! Maybe they want someone with broadcast experience?!? Link to comment https://localnewstalk.net/topic/16657-the-tribune-saga-part-3-new-sale-talks/page/15/#findComment-217551 Share on other sites More sharing options...
dman748 1256 Posted November 30, 2018 Share Posted November 30, 2018 4 minutes ago, Greggo said: Maybe they want someone with broadcast experience?!? I'm not saying that neither Apollo or Northwest don't have any experience in broadcasting (they DO have broadcasting experience) but where they DON'T have broadcasting experience at is in markets like Los Angeles, Chicago, New York, Miami, Dallas, and Houston. Link to comment https://localnewstalk.net/topic/16657-the-tribune-saga-part-3-new-sale-talks/page/15/#findComment-217553 Share on other sites More sharing options...
mre29 1537 Posted November 30, 2018 Author Share Posted November 30, 2018 They could simply keep the existing station management. Link to comment https://localnewstalk.net/topic/16657-the-tribune-saga-part-3-new-sale-talks/page/15/#findComment-217561 Share on other sites More sharing options...
StandbyStandby 1 Posted December 2, 2018 Share Posted December 2, 2018 On 11/29/2018 at 9:52 AM, NowBergen said: Tegna selling KTVI would be much cleaner than the mess Sinclair created. They would also sell the former KPLR facility that both stations operate from to the new owners (Fox?) and move KPLR into KSDK's facility. The issue becomes will KSDK operate a news function for KPLR considering their failed attempt years ago for KDNL. It would probably need to be 6 or 6:30 pm and 10 pm. KTVI/KPLR's facility is rented. No sale of the facility. Link to comment https://localnewstalk.net/topic/16657-the-tribune-saga-part-3-new-sale-talks/page/15/#findComment-217710 Share on other sites More sharing options...
GoldenShine9 1513 Posted December 2, 2018 Share Posted December 2, 2018 So we move on to a new chapter: https://www.cnbc.com/2018/12/02/nexstar-said-to-reach-deal-to-buy-tribune-media-for-4point1-billion.html Link to comment https://localnewstalk.net/topic/16657-the-tribune-saga-part-3-new-sale-talks/page/15/#findComment-217735 Share on other sites More sharing options...
Georgie56 3307 Posted December 3, 2018 Share Posted December 3, 2018 Merging certain post over to the Nexstar to acquire Tribune thread. Link to comment https://localnewstalk.net/topic/16657-the-tribune-saga-part-3-new-sale-talks/page/15/#findComment-217879 Share on other sites More sharing options...
LoadStar 364 Posted December 4, 2018 Share Posted December 4, 2018 We now have two separate threads talking about the same thing, it seems to me. Should one get locked, perhaps? Link to comment https://localnewstalk.net/topic/16657-the-tribune-saga-part-3-new-sale-talks/page/15/#findComment-217942 Share on other sites More sharing options...
ColtFromGulfcoast 709 Posted December 4, 2018 Share Posted December 4, 2018 1 hour ago, JCB4TV said: Outsource newscasts to OKC. Didn't you already say this before? I feel like I recall you mentioning that before. They're not going to outsource newscasts. Not trying to be rude but just saying. With Nexstar having built news operations from the ground up in other cities, any chance of that happening is less than slim to none. Also, what makes you think Oklahoma City will put any effort into KDAF when they're just beginning to put any effort into newscasts on KAUT that aren't called Rise and Shine. 18 minutes ago, LoadStar said: We now have two separate threads talking about the same thing, it seems to me. Should one get locked, perhaps? Why not merge them together? Link to comment https://localnewstalk.net/topic/16657-the-tribune-saga-part-3-new-sale-talks/page/15/#findComment-217944 Share on other sites More sharing options...
Rusty Muck 4378 Posted December 4, 2018 Share Posted December 4, 2018 27 minutes ago, JCB4TV said: Outsource newscasts to OKC. I can see Nexstar building a news department for KDAF from scratch. There is precedent; look at what they did to launch WATN from WPTY. Link to comment https://localnewstalk.net/topic/16657-the-tribune-saga-part-3-new-sale-talks/page/15/#findComment-217953 Share on other sites More sharing options...
mre29 1537 Posted December 4, 2018 Author Share Posted December 4, 2018 1 hour ago, LoadStar said: We now have two separate threads talking about the same thing, it seems to me. Should one get locked, perhaps? Probably this one. I mean, the new thread is technically Part 4. Link to comment https://localnewstalk.net/topic/16657-the-tribune-saga-part-3-new-sale-talks/page/15/#findComment-217956 Share on other sites More sharing options...
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