ColtFromGulfcoast 709 Posted October 31, 2018 Share Posted October 31, 2018 Another thing this does is it prevents Gray from having every market in Louisiana covered, although from the sense of it all they probably weren't even a serious bidder for Cordillera (due to having to divest the three largest stations). It appears to be bad timing on their part. If KADN hangs up a for sale sign, we know what will come next. Link to comment https://localnewstalk.net/topic/16752-scripps-to-acquire-cordillera/page/3/#findComment-215892 Share on other sites More sharing options...
TVIntheDesert 183 Posted November 1, 2018 Share Posted November 1, 2018 https://tvnewscheck.com/article/top-news/224512/scripps-buying-15-cordillera-stations-521m/ Some more details: * Cordillera was sold via auction. There were other unnamed buyers. I am guessing Quincy came in 2nd and that is how they ended up with KVOA (I know we mentioned them as a second-tier possibility). I have this feeling (it's not confirmed) that Sinclair had the highest bid, but the bid was denied due to their behavior. * Scripps is still very much in play for other deals, and while Cox wasn't mentioned specifically, that is right up their alley. * This was indeed 2 separate deals from Cordillera - KVOA was off of them, not off of Scripps. It's a lot easier to piece things apart when you don't have shareholders and hedge funds to worry about though, even though I agree Starboard Value is on crack right now. That also gives more flexibility to pick the right buyer, not just the highest bidder. I just have this feeling that Quincy is going to turn around and swap KVOA to Nexstar for some non-strategic midwest market. KELO to Quincy, anyone? Link to comment https://localnewstalk.net/topic/16752-scripps-to-acquire-cordillera/page/3/#findComment-215944 Share on other sites More sharing options...
channel2 979 Posted November 1, 2018 Share Posted November 1, 2018 I was thinking, Champaign could be plenty non-strategic were it not for the WCIA-WCIX duopoly... Link to comment https://localnewstalk.net/topic/16752-scripps-to-acquire-cordillera/page/3/#findComment-215953 Share on other sites More sharing options...
JCB4TV 347 Posted November 2, 2018 Share Posted November 2, 2018 You forgot Bakersfield, which had been the smallest Scripps market (not counting the Twin Falls satellite station) since the McGraw-Hill deal. Pre-2012, I don't think Scripps had anything in markets smaller than 60. I've corrected my post to include Bakersfield as an existing Scripps market, and mentioned that Quincy in also moving to DMA 88 in an unrelated deal. Link to comment https://localnewstalk.net/topic/16752-scripps-to-acquire-cordillera/page/3/#findComment-215964 Share on other sites More sharing options...
CircleSeven 1955 Posted November 13, 2018 Share Posted November 13, 2018 The Paperwork is Up!!! Here's the Transaction Description & Purchase Agreement. No new info but they've asked for continued satellite authority of one of the MT stations (KBZK). And the KRIS app includes the paperwork of the JSA/SSA & Tx/Studio/Office lease for KZTV. The purchase agreement also includes a 90-day transition agreement between the two parties after the deal closes. The paperwork of KVOA was also posted tonight. And Quincy is buying the station for $70M. Link to comment https://localnewstalk.net/topic/16752-scripps-to-acquire-cordillera/page/3/#findComment-216623 Share on other sites More sharing options...
ColtFromGulfcoast 709 Posted November 13, 2018 Share Posted November 13, 2018 And the KRIS app includes the paperwork of the JSA/SSA & Tx/Studio/Office lease for KZTV I wonder if SagamoreHill will continue to play Deerfield/Vaughan for Scripps or will someone else take over? Link to comment https://localnewstalk.net/topic/16752-scripps-to-acquire-cordillera/page/3/#findComment-216628 Share on other sites More sharing options...
GoldenShine9 1513 Posted November 13, 2018 Share Posted November 13, 2018 The deals should be done relatively quickly, since there are no conflicts (due to the split of KVOA) and no new arrangements. Link to comment https://localnewstalk.net/topic/16752-scripps-to-acquire-cordillera/page/3/#findComment-216631 Share on other sites More sharing options...
GoldenShine9 1513 Posted November 13, 2018 Share Posted November 13, 2018 I wonder if SagamoreHill will continue to play Deerfield/Vaughan for Scripps or will someone else take over? Probably status quo, at least for now. Link to comment https://localnewstalk.net/topic/16752-scripps-to-acquire-cordillera/page/3/#findComment-216632 Share on other sites More sharing options...
CircleSeven 1955 Posted November 13, 2018 Share Posted November 13, 2018 I wonder if SagamoreHill will continue to play Deerfield/Vaughan for Scripps or will someone else take over? Probably status quo, at least for now. SagamoreHill will continue to own KZTV after Scripps takes over KRIS. Link to comment https://localnewstalk.net/topic/16752-scripps-to-acquire-cordillera/page/3/#findComment-216635 Share on other sites More sharing options...
T.L. Hughes 890 Posted February 5, 2019 Share Posted February 5, 2019 The DOJ has greenlighted Scripps's acquisition of the Cordillera stations, as noted in an early termination notice released by the Federal Trade Commission, which explains that the antitrust review has concluded early without regulatory issue. Link to comment https://localnewstalk.net/topic/16752-scripps-to-acquire-cordillera/page/3/#findComment-221528 Share on other sites More sharing options...
CircleSeven 1955 Posted February 5, 2019 Share Posted February 5, 2019 An FCC greenlight is imminent at this point...... Link to comment https://localnewstalk.net/topic/16752-scripps-to-acquire-cordillera/page/3/#findComment-221529 Share on other sites More sharing options...
GoldenShine9 1513 Posted February 5, 2019 Share Posted February 5, 2019 Since there are no conflicts in their part of the deal, this is an easy one. Let's see if the FCC will greenlight before February 15. Link to comment https://localnewstalk.net/topic/16752-scripps-to-acquire-cordillera/page/3/#findComment-221530 Share on other sites More sharing options...
LexTVandRadio 418 Posted February 5, 2019 Share Posted February 5, 2019 12 minutes ago, GoldenShine9 said: Since there are no conflicts in their part of the deal, this is an easy one. Let's see if the FCC will greenlight before February 15. That would be quick! Link to comment https://localnewstalk.net/topic/16752-scripps-to-acquire-cordillera/page/3/#findComment-221531 Share on other sites More sharing options...
LexTVandRadio 418 Posted February 19, 2019 Share Posted February 19, 2019 The 15th has passed, we will see if it happens this week or this month. Link to comment https://localnewstalk.net/topic/16752-scripps-to-acquire-cordillera/page/3/#findComment-222194 Share on other sites More sharing options...
bhratbrat 437 Posted March 17, 2019 Share Posted March 17, 2019 Just wondering if anyone has heard the latest in the deal between Cordillera and Scripps? Link to comment https://localnewstalk.net/topic/16752-scripps-to-acquire-cordillera/page/3/#findComment-223356 Share on other sites More sharing options...
CircleSeven 1955 Posted March 17, 2019 Share Posted March 17, 2019 Nothing new at the moment. They're still waiting for that FCC greenlight. Link to comment https://localnewstalk.net/topic/16752-scripps-to-acquire-cordillera/page/3/#findComment-223362 Share on other sites More sharing options...
MidwestTV 1232 Posted March 20, 2019 Share Posted March 20, 2019 I was told that the deal is expected to be finalized between April 1 and 15. Link to comment https://localnewstalk.net/topic/16752-scripps-to-acquire-cordillera/page/3/#findComment-223467 Share on other sites More sharing options...
LexTVandRadio 418 Posted March 20, 2019 Share Posted March 20, 2019 4 minutes ago, MidwestTV said: I was told that the deal is expected to be finalized between April 1 and 15. I heard that as well. Link to comment https://localnewstalk.net/topic/16752-scripps-to-acquire-cordillera/page/3/#findComment-223468 Share on other sites More sharing options...
CircleSeven 1955 Posted April 5, 2019 Share Posted April 5, 2019 The FCC has greenlighted the Scripps-Cordillera deal today. ......Also, the KVOA deal to Quincy, too. Link to comment https://localnewstalk.net/topic/16752-scripps-to-acquire-cordillera/page/3/#findComment-224380 Share on other sites More sharing options...
GoldenShine9 1513 Posted May 2, 2019 Share Posted May 2, 2019 Deal is completed today. Link to comment https://localnewstalk.net/topic/16752-scripps-to-acquire-cordillera/page/3/#findComment-225623 Share on other sites More sharing options...
Samantha 2896 Posted May 12, 2019 Share Posted May 12, 2019 With this deal having been concluded, future discussion should go in the Scripps thread. Link to comment https://localnewstalk.net/topic/16752-scripps-to-acquire-cordillera/page/3/#findComment-226248 Share on other sites More sharing options...
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