Adell sells WADL to Mission.

[CircleSeven 1963]

With CBS dropping the CW on WKBD, looks like Nexstar "might" have found a new home....

 

Looking at this paperwork, Adell Broadcasting is selling WADL to Mission Broadcasting for $75M.

 

Nexstar will provided services to WADL, including an SSA, an option agreement, and sell of commercial time.

Quote

• 1. An Agreement for the Sale of Commercial Time, pursuant to which Nexstar will sell advertising on WADL.
• 2. A Station Services Agreement (“SSA”), pursuant to which Nexstar will provide certain services to Mission in connection with the operation of WADL. Among other things, the SSA contains a delegation by Mission to Nexstar of authority to negotiate retransmission consent for the station. This is permissible under FCC rules because Nexstar owns no television stations in the Detroit, MI DMA, where WADL operates.
• 3. An Option Agreement pursuant to which Nexstar may acquire the license and assets of WADL subject to FCC consent.

 

Edited May 18, 2023 by CircleSeven

[GoldenShine9 1515]

I think that appears to be the case. I'm sure Nexstar would love a news-producing outlet there, but that is virtually impossible. I know Nexstar is capped out.

[nathannah 2536]

Kevin Adell certainly bided his time and got the result he wanted; he probably gets to keep a couple subchannels for the Word Network and Sonlife/whatever he wants, Nexstar gets a station in the state's prime market (and no more sub-deals for debates for Detroit coverage), and Adell no longer has to deal with the headaches of running a TV station to focus on 910. If WMYD would've taken the CW, they would've by now and LIV wouldn't be in the WDIV subchannel purgatory.

[tyrannical bastard 4084]

Makes me wonder if Nexstar or Mission is trying to fill out their presence in the top markets.  They would have to play the "mission" card if there was a full-powered station they wanted to get their hands on. Otherwise, they could stumble onto a Class A station, which Nexstar could acquire outright, and if it was part of a channel sharing arrangement with a full-powered station, all the better.

 

If such a station existed in Atlanta, there's your new CW station right there.

Edited May 18, 2023 by tyrannical bastard

[CircleWXYZ 186]

Just heard about this.  Wow!!!

[GoldenShine9 1515]

3 hours ago, tyrannical bastard said:

Makes me wonder if Nexstar or Mission is trying to fill out their presence in the top markets.  They would have to play the "mission" card if there was a full-powered station they wanted to get their hands on. Otherwise, they could stumble onto a Class A station, which Nexstar could acquire outright, and if it was part of a channel sharing arrangement with a full-powered station, all the better.

 

If such a station existed in Atlanta, there's your new CW station right there.

 

They could talk to CBS about acquiring WUPA there. Also that could be a way to fill market gaps as well.

[Georgie56 3346]

It appears Adell was under investigation for missing taxes.

[RaleighTVBOI1 86]

WADL has a talk News show, don’t know if a full fledged news department would work especially with the recent addition of WWJ CBS News Detroit. But go for it WKBD losing CW they can take the 10pm news legacy.

[Megatron81 289]

I didn't see Mission buying WADL which will be branded CW38 guessing MYNet TV will be aired late at night.

[Yankees4life 565]

3 hours ago, Megatron81 said:

I didn't see Mission buying WADL which will be branded CW38 guessing MYNet TV will be aired late at night.

Yeah...basically. Either that or WJBK scoops it up and put it on 2.2

[NYTV 124]

A lawsuit is in the works to stop Nexstar from buying WADL Detroit 

https://cordcuttersnews.com/the-american-television-alliance-asks-the-fcc-to-block-nexstar-from-buying-a-detroit-tv-station/?amp=1

 

[Yankees4life 565]

2 hours ago, NYTV said:

A lawsuit is in the works to stop Nexstar from buying WADL Detroit 

https://cordcuttersnews.com/the-american-television-alliance-asks-the-fcc-to-block-nexstar-from-buying-a-detroit-tv-station/?amp=1

 

Yeah...I don't see how that's gonna stop Nexstar. Worse case scenario, they'll just give WADL the CW affiliation

Edited June 26, 2023 by Yankees4life

[CircleSeven 1963]

Advocacy groups American TV Alliance & NCTA filed an informal objections (not Petitions to Deny) to the FCC over the WADL deal.

 

They're basically saying Mission is buying the station on behalf of Nexstar. And that (in their eyes) violates the national ownership cap. 

Quote

“Nexstar and not Mission is the real party in interest here” stated ATVA spokesperson, Cora Mandy in a statement.  “In other words, the proposed transaction is a smokescreen.  It will allow Nexstar to violate Congress’s national ownership rule.  And it will allow Nexstar to continue to inflate retransmission consent prices for consumers in Detroit and elsewhere.”

 

 

[Adam MadMan 285]

Jesse Jackson wants the deal done.

 

Kinda late for that...

[tyrannical bastard 4084]

1 hour ago, Adam MadMan said:

Jesse Jackson wants the deal done.

 

Kinda late for that...

The only way Mission is going to buy that station is if Kevin Adell is out of the picture.  He alone screwed the pooch on that sale.

[Megatron81 289]

Yup, Kevin Adell screwed it why he needs Jesse Jackson to speak, although I'm surprised that Mission didn't drop the sale as of yet is Nexstar just running the clock out until May when the deal becomes dead?

[Adam MadMan 285]

How many nails can this coffin fit?

[AmericanErrorist 161]

6 hours ago, Adam MadMan said:

How many nails can this coffin fit?

The ruling has a direct effect on this deal. Since Nexstar doesn't own any stations in Detroit, the FCC has just ruled that this deal would put Nexstar even more over the ownership cap then it already had been with PIX11.

[GraphicsMan 160]

14 hours ago, AmericanErrorist said:

The ruling has a direct effect on this deal. Since Nexstar doesn't own any stations in Detroit, the FCC has just ruled that this deal would put Nexstar even more over the ownership cap then it already had been with PIX11.

He gonna fight to keep Detroit and New York because there crucial CW markets.

[ABC 7 Denver 1741]

7 hours ago, GraphicsMan said:

He gonna fight to keep Detroit and New York because there crucial CW markets.

 

They will lose.

[AmericanErrorist 161]

16 hours ago, GraphicsMan said:

He gonna fight to keep Detroit and New York because there crucial CW markets.

Given that the CW is already on WMYD, I don't think Nexstar is going to do any fighting as far as WADL is considered.

[GraphicsMan 160]

10 hours ago, ABC 7 Denver said:

 

They will lose.

Yeah but I think they will give up some stations for WPIX it's the network flagships that like ABC giving up WABC, giving up WPIX who gonna take care of the East Coast Feed. I see them divesting to keep PIX and Detroit though the D isn't that important. But if they lose to the FCC thryll probably divest some stations to keep 11.

[mer764KCTV5 158]

15 hours ago, ABC 7 Denver said:

 

They will lose.

They could sell off smaller stations since those have less significance for Nexstar anyway, I think. (If Mission Broadcasting doesn't sell off WPIX, they can sell off some other stations yo keep the ownership cap at an FCC approved level.) 

[Megatron81 289]

I don't see Nexstar/Mission fighting for Detroit Kevin Adell blew it just like blowing that CBS deal in 94.  

[Recovering Producer 234]

Another 90-day extension between the two parties... (which, again, considering the FCC news last week feels like a moot point to close the deal)

https://thedesk.net/news/wadl-termination-date-mission-extended-june-fcc/