ColtFromGulfcoast 709 Posted June 8, 2021 Share Posted June 8, 2021 1 hour ago, GoldenShine9 said: Apollo and Sinclair also bid up according to the article. It even went past the revised Gray offer, but Meredith stuck with it. I think those at Meredith stations are breathing a sigh of relief right now. Hedge funds are BAD, and Sinclair is even worse. I thought they meant that Sinclair, Cox and Standard would merge together from the way that was written. Link to comment https://localnewstalk.net/topic/18278-gray-television-to-buy-meredith/page/5/#findComment-261002 Share on other sites More sharing options...
GoldenShine9 1513 Posted June 18, 2021 Share Posted June 18, 2021 On 6/7/2021 at 9:36 PM, JCB4TV said: I'm surprised that Sinclair put in a bid as I don't see them as a buyer, and divestures would have been required in six markets. Meredith probably deep-sixed their bid before even reading it. Link to comment https://localnewstalk.net/topic/18278-gray-television-to-buy-meredith/page/5/#findComment-261336 Share on other sites More sharing options...
nathannah 2446 Posted June 18, 2021 Share Posted June 18, 2021 1 hour ago, GoldenShine9 said: Meredith probably deep-sixed their bid before even reading it. WGGB's GM probably had an all caps email to corporate; 'we dodged their worst once, don't make us go through being owned by them again! ' Link to comment https://localnewstalk.net/topic/18278-gray-television-to-buy-meredith/page/5/#findComment-261338 Share on other sites More sharing options...
Yankees4life 559 Posted June 19, 2021 Share Posted June 19, 2021 Hope and pray this deal goes through soon without any further interruptions. Only one station to divest so that should be an easy task Link to comment https://localnewstalk.net/topic/18278-gray-television-to-buy-meredith/page/5/#findComment-261370 Share on other sites More sharing options...
AdamTheJ 90 Posted June 19, 2021 Share Posted June 19, 2021 Am I the only reader on this site actually hoping for those stations to be sold to Cox, instead of Gray? I, too, don’t want to see the Meredith graphics hub destroyed. I hope someone else has the Heart to resurrect it if it Is destroyed. Link to comment https://localnewstalk.net/topic/18278-gray-television-to-buy-meredith/page/5/#findComment-261373 Share on other sites More sharing options...
tyrannical bastard 3955 Posted June 19, 2021 Share Posted June 19, 2021 On 6/7/2021 at 9:13 PM, GoldenShine9 said: Apollo and Sinclair also bid up according to the article. It even went past the revised Gray offer, but Meredith stuck with it. I think those at Meredith stations are breathing a sigh of relief right now. Hedge funds are BAD, and Sinclair is even worse. Mobile/Pensacola would have been a deal breaker with WALA. Sinclair owns the two in Pensacola and staffs the other two Deerfield stations in Mobile. Unless WJTC was killed off since it's an independent, but still, the market share Sinclair already has would have set off alarm bells with the DOJ. Standard General probably wanted Meredith since they were heavily invested with LIN/Media General and their original merger with Meredith was dashed by Nexstar's unsolicited offer & hostile takeover. Link to comment https://localnewstalk.net/topic/18278-gray-television-to-buy-meredith/page/5/#findComment-261376 Share on other sites More sharing options...
Action Newsroom 1283 Posted July 14, 2021 Share Posted July 14, 2021 WJRT is yet another Gray station formerly owned by Quincy to be acquired by Allen Media Group. Link to comment https://localnewstalk.net/topic/18278-gray-television-to-buy-meredith/page/5/#findComment-262242 Share on other sites More sharing options...
CircleSeven 1955 Posted July 14, 2021 Share Posted July 14, 2021 1 hour ago, Action Newsroom said: WJRT is yet another Gray station formerly owned by Quincy to be acquired by Allen Media Group. It's actually an incumbent Gray station that's being spun off to Allen, because Gray is getting Meredith's WNEM. So Byron Allen is getting the spinoffs from BOTH Quincy & Meredith transactions. Link to comment https://localnewstalk.net/topic/18278-gray-television-to-buy-meredith/page/5/#findComment-262251 Share on other sites More sharing options...
Action Newsroom 1283 Posted July 14, 2021 Share Posted July 14, 2021 35 minutes ago, CircleSeven said: It's actually an incumbent Gray station that's being spun off to Allen, because Gray is getting Meredith's WNEM. So Byron Allen is getting the spinoffs from BOTH Quincy & Meredith transactions. Ahh, I see, thanks. I skimmed through the linked article before posting and read it as a Gray station previously owned by Quincy. Link to comment https://localnewstalk.net/topic/18278-gray-television-to-buy-meredith/page/5/#findComment-262254 Share on other sites More sharing options...
CircleSeven 1955 Posted July 14, 2021 Share Posted July 14, 2021 From Gray's release, current WJRT GM Pete Veto will be reassigned to a new position within the Gray organization. So Allen would have to appoint a new GM for the station post-closing. Link to comment https://localnewstalk.net/topic/18278-gray-television-to-buy-meredith/page/5/#findComment-262258 Share on other sites More sharing options...
GoldenShine9 1513 Posted July 15, 2021 Share Posted July 15, 2021 That was a pretty obvious purchase. Cap issues hit Nexstar and Scripps, and it doesn't fit anyone else. Link to comment https://localnewstalk.net/topic/18278-gray-television-to-buy-meredith/page/5/#findComment-262261 Share on other sites More sharing options...
tyrannical bastard 3955 Posted July 15, 2021 Share Posted July 15, 2021 WJRT is a good station for Byron Allen to get, especially since WJRT can be seen in parts of the Detroit market. If Adell ever sells WADL, it may be a good Allen target as well. Link to comment https://localnewstalk.net/topic/18278-gray-television-to-buy-meredith/page/5/#findComment-262263 Share on other sites More sharing options...
JCB4TV 347 Posted July 15, 2021 Share Posted July 15, 2021 According to the Deadline article, Allen plans on investing $10B to acquire more stations. My question would be, where are these stations going to come from? Link to comment https://localnewstalk.net/topic/18278-gray-television-to-buy-meredith/page/5/#findComment-262264 Share on other sites More sharing options...
scrabbleship 429 Posted July 15, 2021 Share Posted July 15, 2021 1 hour ago, GoldenShine9 said: That was a pretty obvious purchase. Cap issues hit Nexstar and Scripps, and it doesn't fit anyone else. Scripps could've uploaded a few smaller Ion markets to Inyo and have been fine. Also, Graham...exists. Link to comment https://localnewstalk.net/topic/18278-gray-television-to-buy-meredith/page/5/#findComment-262267 Share on other sites More sharing options...
nathannah 2446 Posted August 31, 2021 Share Posted August 31, 2021 A TV antenna outfit called "Mr. Antenna" is claiming that Meredith refuses to air antenna company ads because of them 'cutting into retransmission consent revenue' and placed an FCC objection to stop the Gray/Meredith merger. Personally, this is laughable; I watched a Mr. Antenna ad on KTNV when I was in Vegas a couple weeks ago and it was tacky as hell with an awful mascot (claiming you could get '40 high-quality networks' in the same way those 'as seen on TV' antennas that never work do). I think KVVU just didn't want to take anymore money from a sketchy antenna outfit (they've been on KLAS's advertorial shows) in the same vein as the Clear TV thing that's a garbage piece of metal that only works close to the transmitter site. MA is also not BBB accredited, and going by the one review there, charges way too much for an antenna install to begin with. Also, Mr. Antenna is talking about a policy that Meredith apparently made up suddenly in July in the middle of being acquired. Considering Gray's multiple FCC VHF>UHF apps and transmitter moves and I've never heard of this with Gray stations, if said policy exists, Gray would revoke it the moment Meredith came under their control. Link to comment https://localnewstalk.net/topic/18278-gray-television-to-buy-meredith/page/5/#findComment-264096 Share on other sites More sharing options...
AmericanErrorist 149 Posted August 31, 2021 Share Posted August 31, 2021 5 hours ago, mrschimpf said: Personally, this is laughable; I watched a Mr. Antenna ad on KTNV when I was in Vegas a couple weeks ago and it was tacky as hell with an awful mascot (claiming you could get '40 high-quality networks' in the same way those 'as seen on TV' antennas that never work do). I think KVVU just didn't want to take anymore money from a sketchy antenna outfit (they've been on KLAS's advertorial shows) in the same vein as the Clear TV thing that's a garbage piece of metal that only works close to the transmitter site. MA is also not BBB accredited, and going by the one review there, charges way too much for an antenna install to begin with. Even if the things worked perfectly, you could only really get 6 "high-quality" networks (8 if you also spoke Spanish, and maybe a few more in other languages in the big cities). Link to comment https://localnewstalk.net/topic/18278-gray-television-to-buy-meredith/page/5/#findComment-264105 Share on other sites More sharing options...
tyrannical bastard 3955 Posted September 2, 2021 Share Posted September 2, 2021 On 8/31/2021 at 6:47 AM, AmericanErrorist said: Even if the things worked perfectly, you could only really get 6 "high-quality" networks (8 if you also spoke Spanish, and maybe a few more in other languages in the big cities). I'm sure it also has problems with VHF stations, which many Meredith use for digital broadcasting, and have little hope of moving from given the packed spectrum in the places they operate. So what's a viewer to do? I guess they're forced to get PAY tv to watch their FREE TV station they have trouble getting over the air! Link to comment https://localnewstalk.net/topic/18278-gray-television-to-buy-meredith/page/5/#findComment-264224 Share on other sites More sharing options...
CircleSeven 1955 Posted September 10, 2021 Share Posted September 10, 2021 This is a true surprise. The FCC has greenlighted Byron Allen's acquisition of WJRT. I find it surprising that they would approve this before the main transaction (it would normally happen concurrently.) But not to fret. Gray is basically in the driver's seat, despite that laughable & wasteful informal objection from that Antenna guy. Gray & Meredith have written rebuttals to Mr. Antenna's comments. Link to comment https://localnewstalk.net/topic/18278-gray-television-to-buy-meredith/page/5/#findComment-264672 Share on other sites More sharing options...
GoldenShine9 1513 Posted September 10, 2021 Share Posted September 10, 2021 33 minutes ago, CircleSeven said: This is a true surprise. The FCC has greenlighted Byron Allen's acquisition of WJRT. I find it surprising that they would approve this before the main transaction (it would normally happen concurrently.) But not to fret. Gray is basically in the driver's seat, despite that laughable & wasteful informal objection from that Antenna guy. Gray & Meredith have written rebuttals to Mr. Antenna's comments. That's probably a sign the green light is about to come soon, maybe next week, and the deal could close in October. Link to comment https://localnewstalk.net/topic/18278-gray-television-to-buy-meredith/page/5/#findComment-264673 Share on other sites More sharing options...
CircleSeven 1955 Posted September 10, 2021 Share Posted September 10, 2021 53 minutes ago, GoldenShine9 said: That's probably a sign the green light is about to come soon, maybe next week, and the deal could close in October. There's alot that has to happen. Not only they need the FCC (& DOJ) greenlight, but also the approval from Meredith shareholders. And of course, they have to complete the spinoff of the National Media assets. But getting the WJRT approval this soon is a big plus. And Allen could close this deal before Gray completes the Meredith acquisition. Link to comment https://localnewstalk.net/topic/18278-gray-television-to-buy-meredith/page/5/#findComment-264680 Share on other sites More sharing options...
CircleSeven 1955 Posted September 23, 2021 Share Posted September 23, 2021 Byron Allen has closed its purchase of WJRT today. This is the first time WJRT & WTVG have not been commonly-owned in over 30 years. Also, I don't think I remember a time where the divested station gets their deal closed before the big transaction get completed. I believe this is also a first. Normally, all of related deals be completed simultaneously. Link to comment https://localnewstalk.net/topic/18278-gray-television-to-buy-meredith/page/5/#findComment-265308 Share on other sites More sharing options...
channel2 979 Posted September 23, 2021 Share Posted September 23, 2021 Yup... Disney sold WJRT in 2011 for $16 million (and WTVG for $14 million). I wonder if they regret selling when they did... Link to comment https://localnewstalk.net/topic/18278-gray-television-to-buy-meredith/page/5/#findComment-265310 Share on other sites More sharing options...
dman748 1256 Posted September 23, 2021 Share Posted September 23, 2021 I think the interesting part is this Quote "All of our media assets will work in concert to amplify our free-streaming services, Local Now and theGrio.” I have a feeling as Byron starts buying more TV stations I think the picture will become more clearer in terms of what he wants to do with moreso Local Now than theGrio Link to comment https://localnewstalk.net/topic/18278-gray-television-to-buy-meredith/page/5/#findComment-265315 Share on other sites More sharing options...
CircleSeven 1955 Posted October 7, 2021 Share Posted October 7, 2021 I know this is not related to this transcation. But it appears that Barry Diller's IAC/InterActiveCorp. will acquire the rest of Meredith (its magazine biz) for $2.7B. IAC will merge Meredith's biz with its exisiting Dotdash unit, and the combined entity will be known as Dotdash Meredith. Don't know why you want to keep the "Meredith" name but whatever. Link to comment https://localnewstalk.net/topic/18278-gray-television-to-buy-meredith/page/5/#findComment-265790 Share on other sites More sharing options...
qunewsguy 377 Posted October 7, 2021 Share Posted October 7, 2021 9 hours ago, CircleSeven said: the combined entity will be known as Dotdash Meredith. The new name sounds like a morse code mistake. Link to comment https://localnewstalk.net/topic/18278-gray-television-to-buy-meredith/page/5/#findComment-265798 Share on other sites More sharing options...
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