TheRolyPoly 2449 Posted January 28, 2020 Share Posted January 28, 2020 As part of a settlement agreement worth $60m, Sinclair is selling WDKY Danville - Lexington to Nexstar and selling "non-license assets" of KGBT Harlingen - Brownsville - McAllen to an unknown buyer (but probably will be to a shell company of Sinclair). https://www.broadcastingcable.com/news/sinclair-pays-nexstar-60m-some-assets-to-settle-tribune-suit Link to comment https://localnewstalk.net/topic/17514-sinclair-settles-with-nexstar-over-failed-tribune-deal/ Share on other sites More sharing options...
ColtFromGulfcoast 709 Posted January 28, 2020 Share Posted January 28, 2020 51 minutes ago, TheRolyPoly said: As part of a settlement agreement worth $60m, Sinclair is selling WDKY Danville - Lexington to Nexstar and selling "non-license assets" of KGBT Harlingen - Brownsville - McAllen to an unknown buyer (but probably will be to a shell company of Sinclair). https://www.broadcastingcable.com/news/sinclair-pays-nexstar-60m-some-assets-to-settle-tribune-suit This really doesn't surprise me. I have quietly speculated for some time that if Sinclair had to cough some stations to Nexstar, these would be two of them (I had assumed that KVEO was in the same situation as KSEE in which it could legally create a duo with KGBT.) What surprises me is that there weren't more stations going to Nexstar in this. I could have seen one or two more markets that Nexstar would have been interested in. Link to comment https://localnewstalk.net/topic/17514-sinclair-settles-with-nexstar-over-failed-tribune-deal/#findComment-239555 Share on other sites More sharing options...
scrabbleship 429 Posted January 28, 2020 Share Posted January 28, 2020 59 minutes ago, TheRolyPoly said: As part of a settlement agreement worth $60m, Sinclair is selling WDKY Danville - Lexington to Nexstar and selling "non-license assets" of KGBT Harlingen - Brownsville - McAllen to an unknown buyer (but probably will be to a shell company of Sinclair). https://www.broadcastingcable.com/news/sinclair-pays-nexstar-60m-some-assets-to-settle-tribune-suit RIP any chance of Nexstar buying Morris, the biggest slam dunk deal of slam dunk deals? Link to comment https://localnewstalk.net/topic/17514-sinclair-settles-with-nexstar-over-failed-tribune-deal/#findComment-239557 Share on other sites More sharing options...
dman748 1256 Posted January 28, 2020 Share Posted January 28, 2020 40 minutes ago, ColtFromGulfcoast said: This really doesn't surprise me. I have quietly speculated for some time that if Sinclair had to cough some stations to Nexstar, these would be two of them (I had assumed that KVEO was in the same situation as KSEE in which it could legally create a duo with KGBT.) What surprises me is that there weren't more stations going to Nexstar in this. I could have seen one or two more markets that Nexstar would have been interested in. I could see Nexstar getting one additional market (Madison, WI) as part of this. Outside of that Scripps, Tegna and Meredith will likely each get 1 to 3 stations a piece (and I also predict that a few of the stations that were involved in the sales Sinclair had agreed to during the Tribune deal will be sold as part of the settlement with the FCC) Also keep this in mind that Perry Sook does have a history with WDKY (which pre-dates his time at Nexstar) so this is a homecoming of sorts for Mr. Sook. Link to comment https://localnewstalk.net/topic/17514-sinclair-settles-with-nexstar-over-failed-tribune-deal/#findComment-239561 Share on other sites More sharing options...
tyrannical bastard 3955 Posted January 28, 2020 Share Posted January 28, 2020 Lexington is kind of a stretch for either company. WDKY's news product is provided by Gray and WKYT, and the closest Nexstar stations are in Knoxville and West Virginia. I believe that they were hubbed out of WSYX/WTTE in Columbus like many other legacy Sinclair stations in the area. Likely, the deal was structured where it was all about the numbers, and hitting the target by both coughing up as little cash as possible and spinning off the right assets to hit that mark. Morris may not be a dead deal, should it ever happen, they could always trade up to WTVQ and flip WDKY to someone like Block or Tegna. Link to comment https://localnewstalk.net/topic/17514-sinclair-settles-with-nexstar-over-failed-tribune-deal/#findComment-239563 Share on other sites More sharing options...
dman748 1256 Posted January 28, 2020 Share Posted January 28, 2020 9 minutes ago, tyrannical bastard said: Lexington is kind of a stretch for either company. WDKY's news product is provided by Gray and WKYT, and the closest Nexstar stations are in Knoxville and West Virginia. I believe that they were hubbed out of WSYX/WTTE in Columbus like many other legacy Sinclair stations in the area. Morris may not be a dead deal, should it ever happen, they could always trade up to WTVQ and flip WDKY to someone like Block or Tegna. They could always pull a WZDX and do it that way (at least WDKY would be able to say they do have a functional in-house news department) I imagine Nexstar would have to do some renovating at WDKY's facility in order to accomodate a full-scale news department. Link to comment https://localnewstalk.net/topic/17514-sinclair-settles-with-nexstar-over-failed-tribune-deal/#findComment-239566 Share on other sites More sharing options...
broadcastfan9751 140 Posted January 28, 2020 Share Posted January 28, 2020 3 hours ago, TheRolyPoly said: As part of a settlement agreement worth $60m, Sinclair is selling WDKY Danville - Lexington to Nexstar and selling "non-license assets" of KGBT Harlingen - Brownsville - McAllen to an unknown buyer (but probably will be to a shell company of Sinclair). https://www.broadcastingcable.com/news/sinclair-pays-nexstar-60m-some-assets-to-settle-tribune-suit KGBT's programming will move to KVEO 23.2 tonight/tomorrow morning at 12:01. https://valleycentral.com/news/local/cbs-4-over-the-air-programming-to-begin-airing-on-channel-232-tuesday Link to comment https://localnewstalk.net/topic/17514-sinclair-settles-with-nexstar-over-failed-tribune-deal/#findComment-239572 Share on other sites More sharing options...
JCB4TV 347 Posted January 28, 2020 Share Posted January 28, 2020 42 minutes ago, broadcastfan9751 said: KGBT's programming will move to KVEO 23.2 tonight/tomorrow morning at 12:01. https://valleycentral.com/news/local/cbs-4-over-the-air-programming-to-begin-airing-on-channel-232-tuesday It also appears that in order to make room, the KVEO sub-channels, Estrella, Court TV Mystery, and Grit will be migrating to KGBT-DT 4, 5, and 6 respectively. Also, I wonder whether Sinclair will be able to take either Fox, CW or both to fill the void. Link to comment https://localnewstalk.net/topic/17514-sinclair-settles-with-nexstar-over-failed-tribune-deal/#findComment-239578 Share on other sites More sharing options...
TheRolyPoly 2449 Posted January 28, 2020 Author Share Posted January 28, 2020 1 hour ago, broadcastfan9751 said: KGBT's programming will move to KVEO 23.2 tonight/tomorrow morning at 12:01. https://valleycentral.com/news/local/cbs-4-over-the-air-programming-to-begin-airing-on-channel-232-tuesday So it looks like KGBT CBS moves to KVEO 23.2 and KGBT 04.1 becomes Esrella TV at 6AM, according to KGBT's schedule. Question... Does Sinclair still have control of KGBT CBS or does it now relinquish that part and KGBT's news department over to Nexstar? Link to comment https://localnewstalk.net/topic/17514-sinclair-settles-with-nexstar-over-failed-tribune-deal/#findComment-239580 Share on other sites More sharing options...
broadcastfan9751 140 Posted January 28, 2020 Share Posted January 28, 2020 32 minutes ago, TheRolyPoly said: So it looks like KGBT CBS moves to KVEO 23.2 and KGBT 04.1 becomes Esrella TV at 6AM, according to KGBT's schedule. Question... Does Sinclair still have control of KGBT CBS or does it now relinquish that part and KGBT's news department over to Nexstar? KGBT's non-license assets (including the programming and news operation) are being relinquished completely to Nexstar. Sinclair will continue to own the KGBT license with Estrella TV and various diginets. Also, with Nexstar getting KGBT's news operation, KVEO 23.1 may finally get actual local news, since KVEO currently has news produced by KTSM in El Paso with only a few local reporters in the Valley. Link to comment https://localnewstalk.net/topic/17514-sinclair-settles-with-nexstar-over-failed-tribune-deal/#findComment-239585 Share on other sites More sharing options...
TheRolyPoly 2449 Posted January 28, 2020 Author Share Posted January 28, 2020 22 minutes ago, broadcastfan9751 said: KGBT's non-license assets (including the programming and news operation) are being relinquished completely to Nexstar. Sinclair will continue to own the KGBT license with Estrella TV and various diginets. Also, with Nexstar getting KGBT's news operation, KVEO 23.1 may finally get actual local news, since KVEO currently has news produced by KTSM in El Paso with only a few local reporters in the Valley. Yeah. Wow. Link to comment https://localnewstalk.net/topic/17514-sinclair-settles-with-nexstar-over-failed-tribune-deal/#findComment-239588 Share on other sites More sharing options...
TheRyan 560 Posted January 28, 2020 Share Posted January 28, 2020 1 hour ago, broadcastfan9751 said: KGBT's non-license assets (including the programming and news operation) are being relinquished completely to Nexstar. Sinclair will continue to own the KGBT license with Estrella TV and various diginets. Also, with Nexstar getting KGBT's news operation, KVEO 23.1 may finally get actual local news, since KVEO currently has news produced by KTSM in El Paso with only a few local reporters in the Valley. Just watched the end to their 10pm newscast tonight (on their website) and they are already running the Nexstar copyright sequence. So apparently Nexstar already has control over the newscast--at least. To clarify, this was their final newscast before the switch of CBS4 programming to KVEO. Link to comment https://localnewstalk.net/topic/17514-sinclair-settles-with-nexstar-over-failed-tribune-deal/#findComment-239590 Share on other sites More sharing options...
T.L. Hughes 890 Posted January 28, 2020 Share Posted January 28, 2020 13 hours ago, oknewsguy said: Also keep this in mind that Perry Sook does have a history with WDKY (which pre-dates his time at Nexstar) so this is a homecoming of sorts for Mr. Sook. To expand on that, Sook was a co-founder of Superior Communications, which owned WDKY and KOCB in Oklahoma City (then a UPN affiliate) from about 1993 until 1996, when Superior sold both stations to Sinclair; Sook founded Nexstar shortly afterward. Link to comment https://localnewstalk.net/topic/17514-sinclair-settles-with-nexstar-over-failed-tribune-deal/#findComment-239605 Share on other sites More sharing options...
LexTVandRadio 418 Posted January 28, 2020 Share Posted January 28, 2020 Sorry, I am late to the party... https://www.hollywoodreporter.com/thr-esq/sinclair-settles-tribune-lawsuit-will-pay-nexstar-60m-1273887?fbclid=IwAR0X_YhBr87i_jf-g4fXEQ2OpycoJG8JWq72eEXAb7Uvy5F8trgqRalFxzs Link to comment https://localnewstalk.net/topic/17514-sinclair-settles-with-nexstar-over-failed-tribune-deal/#findComment-239606 Share on other sites More sharing options...
CBS11 Weatherboy 44 Posted January 28, 2020 Share Posted January 28, 2020 This station has just been transferred to them from Gray. Haven't they been through enough? Link to comment https://localnewstalk.net/topic/17514-sinclair-settles-with-nexstar-over-failed-tribune-deal/#findComment-239609 Share on other sites More sharing options...
dman748 1256 Posted January 28, 2020 Share Posted January 28, 2020 1 hour ago, T.L. Hughes said: To expand on that, Sook was a co-founder of Superior Communications, which owned WDKY and KOCB in Oklahoma City (then a UPN affiliate) from about 1993 until 1996, when Superior sold both stations to Sinclair; Sook founded Nexstar shortly afterward. Which if Sook had a chance to acquire at least some of the conflicts in the Sinclair-Tribune merger he could've easily acquired KOKH/KOCB from Sinclair (but if I had to guess Perry must've saw what Sinclair was doing and decided not to buy the conflicts in that merger) Link to comment https://localnewstalk.net/topic/17514-sinclair-settles-with-nexstar-over-failed-tribune-deal/#findComment-239611 Share on other sites More sharing options...
dman748 1256 Posted January 28, 2020 Share Posted January 28, 2020 1 hour ago, LexTVandRadio said: https://www.hollywoodreporter.com/thr-esq/sinclair-settles-tribune-lawsuit-will-pay-nexstar-60m-1273887?fbclid=IwAR0X_YhBr87i_jf-g4fXEQ2OpycoJG8JWq72eEXAb7Uvy5F8trgqRalFxzs Which that also includes everything but the license assets of KGBT in Harlingen, TX. While Sinclair will more than likely not sell all 170+ stations however, Sinclair selling just a handful of stations (about 4 or 5 stations) would be the most likely outcome as part of their resolution with the FCC (in addition to a pretty hefty fine) I'd be shocked if the WDKY/KGBT sale is the end of the sales made by Sinclair while I'd be additionally shocked if Sinclair sells anymore than 6 stations. Link to comment https://localnewstalk.net/topic/17514-sinclair-settles-with-nexstar-over-failed-tribune-deal/#findComment-239612 Share on other sites More sharing options...
JCB4TV 347 Posted January 28, 2020 Share Posted January 28, 2020 I made a brief mention of this in Out & About, I wonder whether Sinclair will try to make a run for Fox and/or CW in the RGV. At this time, Fox is relayed on two LD sticks and CW is on Mexican XHRIO, whch will shut down at the end of 2021. Link to comment https://localnewstalk.net/topic/17514-sinclair-settles-with-nexstar-over-failed-tribune-deal/#findComment-239616 Share on other sites More sharing options...
LexTVandRadio 418 Posted January 28, 2020 Share Posted January 28, 2020 1 hour ago, oknewsguy said: Which that also includes everything but the license assets of KGBT in Harlingen, TX. While Sinclair will more than likely not sell all 170+ stations however, Sinclair selling just a handful of stations (about 4 or 5 stations) would be the most likely outcome as part of their resolution with the FCC (in addition to a pretty hefty fine) I'd be shocked if the WDKY/KGBT sale is the end of the sales made by Sinclair while I'd be additionally shocked if Sinclair sells anymore than 6 stations. Yep, I would agree with you there. WDKY would be a clean sell. Would that change anything with their partnership with Gray/WKYT? If approved, Nexstar would own 2 towers here in Lexington. WDKY and WTVQ (from the media general days) Link to comment https://localnewstalk.net/topic/17514-sinclair-settles-with-nexstar-over-failed-tribune-deal/#findComment-239624 Share on other sites More sharing options...
dman748 1256 Posted January 28, 2020 Share Posted January 28, 2020 1 minute ago, LexTVandRadio said: Yep, I would agree with you there. WDKY would be a clean sell. Would that change anything with their partnership with Gray/WKYT? If approved, Nexstar would own 2 towers here in Lexington. WDKY and WTVQ (from the media general days) Not in the short term, however I will predict that by either Fall 2020 or in 2021, WDKY will have a full scale in house news department (I do wonder about the size of WDKY's building if it's big enough to leave everything on the outside as is or if it'll require building expansion to accomodate it?) As far as daily newscasts are concerned it'll have the obvious timeslots (Morning, 6 and 10pm to start which doesn't sound like much but as time goes on they can add on with additional newscasts from there) Link to comment https://localnewstalk.net/topic/17514-sinclair-settles-with-nexstar-over-failed-tribune-deal/#findComment-239625 Share on other sites More sharing options...
Weeters 1916 Posted January 28, 2020 Share Posted January 28, 2020 This thread is becoming a bunch of speculation and wishful thinking. Please take it to the Speculation board. Link to comment https://localnewstalk.net/topic/17514-sinclair-settles-with-nexstar-over-failed-tribune-deal/#findComment-239626 Share on other sites More sharing options...
NewsMaster 226 Posted January 28, 2020 Share Posted January 28, 2020 50 minutes ago, LexTVandRadio said: Yep, I would agree with you there. WDKY would be a clean sell. Would that change anything with their partnership with Gray/WKYT? If approved, Nexstar would own 2 towers here in Lexington. WDKY and WTVQ (from the media general days) As far as I know only the land that WTVQ's stick and studios sit on is owned by Nexstar; they probably lease them to Morris. Nexstar has no operational control over WTVQ whatsoever. Link to comment https://localnewstalk.net/topic/17514-sinclair-settles-with-nexstar-over-failed-tribune-deal/#findComment-239630 Share on other sites More sharing options...
NEOMatrix 1299 Posted January 28, 2020 Share Posted January 28, 2020 This is a legitimate question: Where did KGBT move to on Dish and DirecTV? I'm looking and it says channel 4 is EstrellaTV. Link to comment https://localnewstalk.net/topic/17514-sinclair-settles-with-nexstar-over-failed-tribune-deal/#findComment-239633 Share on other sites More sharing options...
ColtFromGulfcoast 709 Posted January 29, 2020 Share Posted January 29, 2020 23 hours ago, scrabbleship said: RIP any chance of Nexstar buying Morris, the biggest slam dunk deal of slam dunk deals? This actually may still be a possibility. I mean, after all, Nexstar simply moved the CBS affiliation as well as the rest of KGBT's spirit to KVEO. What can stop them from simply parking ABC on 56.2, MNT on 56.3 and then selling off WTVQ's license to Gray (which then moves the CW affilation to it) or some small company that would place whatever diginet they wanted on the primary. You know besides the gang of diginets they already have? Link to comment https://localnewstalk.net/topic/17514-sinclair-settles-with-nexstar-over-failed-tribune-deal/#findComment-239656 Share on other sites More sharing options...
Georgie56 3307 Posted January 29, 2020 Share Posted January 29, 2020 5 hours ago, NEOMatrix said: This is a legitimate question: Where did KGBT move to on Dish and DirecTV? I'm looking and it says channel 4 is EstrellaTV. 24 on DirecTV, 4 on Dish. Link to comment https://localnewstalk.net/topic/17514-sinclair-settles-with-nexstar-over-failed-tribune-deal/#findComment-239657 Share on other sites More sharing options...
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