Samantha 2895 Posted August 17, 2020 Share Posted August 17, 2020 Reported by Deadline this evening... Link to comment https://localnewstalk.net/topic/17932-byron-allen-buys-kitv-for-30-million/ Share on other sites More sharing options...
dman748 1256 Posted August 17, 2020 Share Posted August 17, 2020 I think the biggest deal out of all of this is that the D.C. News Bureau is included in the deal. It's going to be interesting to see what Allen does with the bureau. Otherwise this is a good pickup for Allen. Link to comment https://localnewstalk.net/topic/17932-byron-allen-buys-kitv-for-30-million/#findComment-249140 Share on other sites More sharing options...
jbnews 344 Posted August 18, 2020 Share Posted August 18, 2020 3 hours ago, oknewsguy said: I think the biggest deal out of all of this is that the D.C. News Bureau is included in the deal. It's going to be interesting to see what Allen does with the bureau. Otherwise this is a good pickup for Allen. Why would Lilly/SJL want to get rid of their D.C. bureau? They have other stations, too. I thought one of their big "missions" was local reporting like this. Link to comment https://localnewstalk.net/topic/17932-byron-allen-buys-kitv-for-30-million/#findComment-249148 Share on other sites More sharing options...
dman748 1256 Posted August 18, 2020 Share Posted August 18, 2020 30 minutes ago, jbnews said: Why would Lilly/SJL want to get rid of their D.C. bureau? They have other stations, too. I thought one of their big "missions" was local reporting like this. When I read the article and saw that I was thinking "why would they do that?" I think the reason why may be that I think Lilly/SJL may be getting ready to cash out completely and getting rid of the D.C. Bureau is one of the signs that I see that Lilly/SJL as a whole may be going on the block pretty soon. Link to comment https://localnewstalk.net/topic/17932-byron-allen-buys-kitv-for-30-million/#findComment-249150 Share on other sites More sharing options...
ScottJ 134 Posted August 18, 2020 Share Posted August 18, 2020 9 hours ago, jbnews said: Why would Lilly/SJL want to get rid of their D.C. bureau? They have other stations, too. I thought one of their big "missions" was local reporting like this. I think that was a mistake and/or unclear writing by Deadline. This Pacific Business News article doesn't mention the D.C. bureau, and RBR's article about the sale mentions the station has access to a D.C. bureau: Quote For “Island News,” there’s access to a Washington, D.C.-based news bureau and correspondent. It is unclear if this will continue following the station’s sale. I don't think Allen is getting the D.C. bureau as part of the acquisition. Link to comment https://localnewstalk.net/topic/17932-byron-allen-buys-kitv-for-30-million/#findComment-249158 Share on other sites More sharing options...
scrabbleship 429 Posted August 18, 2020 Share Posted August 18, 2020 9 minutes ago, ScottJ said: I think that was a mistake and/or unclear writing by Deadline. This Pacific Business News article doesn't mention the D.C. bureau, and RBR's article about the sale mentions the station has access to a D.C. bureau: I don't think Allen is getting the D.C. bureau as part of the acquisition. Might it be easier to sell the bureau with the condition that WENY and WICU/WSEE still have access to it? Link to comment https://localnewstalk.net/topic/17932-byron-allen-buys-kitv-for-30-million/#findComment-249160 Share on other sites More sharing options...
jbnews 344 Posted August 18, 2020 Share Posted August 18, 2020 1 hour ago, ScottJ said: I think that was a mistake and/or unclear writing by Deadline. This Pacific Business News article doesn't mention the D.C. bureau, and RBR's article about the sale mentions the station has access to a D.C. bureau: I don't think Allen is getting the D.C. bureau as part of the acquisition. Oooh. Thanks for clearing that up. Link to comment https://localnewstalk.net/topic/17932-byron-allen-buys-kitv-for-30-million/#findComment-249164 Share on other sites More sharing options...
Samantha 2895 Posted October 9, 2020 Author Share Posted October 9, 2020 Sale approved by the FCC today. Link to comment https://localnewstalk.net/topic/17932-byron-allen-buys-kitv-for-30-million/#findComment-251843 Share on other sites More sharing options...
MidwestTV 1232 Posted October 20, 2020 Share Posted October 20, 2020 I thought KITV was owned by Hearst? Link to comment https://localnewstalk.net/topic/17932-byron-allen-buys-kitv-for-30-million/#findComment-252298 Share on other sites More sharing options...
ScottSchell 356 Posted October 20, 2020 Share Posted October 20, 2020 16 minutes ago, MidwestTV said: I thought KITV was owned by Hearst? No it used to be then SJL bought it from Hearst. Link to comment https://localnewstalk.net/topic/17932-byron-allen-buys-kitv-for-30-million/#findComment-252300 Share on other sites More sharing options...
CircleSeven 1955 Posted January 21, 2021 Share Posted January 21, 2021 Byron Allen has completed the KITV acquisition. Link to comment https://localnewstalk.net/topic/17932-byron-allen-buys-kitv-for-30-million/#findComment-255869 Share on other sites More sharing options...
JCB4TV 347 Posted January 21, 2021 Share Posted January 21, 2021 7 minutes ago, CircleSeven said: Byron Allen has completed the KITV acquisition. I know that we talk in other threads about Allen acquiring more stations, Meredith and Quincy, yet with the completion of KITV, Hawai'i is now Allen's largest market at DMA 67, twelve ahead of Huntsville while all his other stations are sub 100. Here's the clip from KITV announcing the new ownership where the anchor has to mention that her new boss happens to own a home in Hawai'i. Aloha indeed. Link to comment https://localnewstalk.net/topic/17932-byron-allen-buys-kitv-for-30-million/#findComment-255870 Share on other sites More sharing options...
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