Imagicomm Communications plans to sell its TV stations

[channel2 978]

I think people forget that Graham isn't exactly some mom-and-pop shop. Graham Holdings is a diversified conglomerate and their TV stations are just one of their many businesses.

 

And Graham Holdings is still headquartered in Washington.

[AmericanErrorist 148]

1 hour ago, channel2 said:

And Graham Holdings is still headquartered in Washington.

 

Actually the suburb of Arlington, VA.

[VulcanSphere 8]

17 hours ago, channel2 said:

I think people forget that Graham isn't exactly some mom-and-pop shop. Graham Holdings is a diversified conglomerate and their TV stations are just one of their many businesses.

 

And Graham Holdings is still headquartered in Washington.

Yeah, they own Slate and other diversified businesses such as Old Ebbitt Grill restaurant.

[johnintx 20]

On 1/24/2025 at 3:46 AM, Georgie56 said:

 

Griffin also has their food business keeping them afloat.

Pancake syrup!

[Georgie56 3303]

KAYU, KOKI/KMYT, KFFX, KCYU, KYMA, and WHBQ will be sold to Rincon.

Edited April 3 by Georgie56

[GoldenShine_10 96]

5 hours ago, Georgie56 said:

KAYU, KOKI/KMYT, KFFX, KCYU, KYMA, and WHBQ will be sold to Rincon.

 

That leaves the stations in Greenville and Pocatello.

[tyrannical bastard 3948]

5 hours ago, Georgie56 said:

KAYU, KOKI/KMYT, KFFX, KCYU, KYMA, and WHBQ will be sold to Rincon.

We'll see if this is a real company or just another disguise by Sinclair to own more stations. 

Rincon is the company headed by Todd Parkin that just agreed to "buy" several Sinclair stations including WICS/WICD, KTVO, KHQA and WVTV.

 

It may be a legit sale since there are strong operational ties between all of the Sinclair divestitures except WVTV.   I know KHQA's news was coming out of WICD's building and that's since shifted to KTVO.

But we'll see...

Edited April 3 by tyrannical bastard

[tyrannical bastard 3948]

31 minutes ago, GoldenShine_10 said:

 

That leaves the stations in Greenville and Pocatello.

and WICZ in Vestal/Binghamton as well.

 

It was an early Gannett station when they were headquartered in Rochester.  Doubt Tegna would ever go for it...especially now!

[TDNProd 5]

Remaining properties have been sold

 

Not familiar with Deltavision Media....

[TheRolyPoly 2410]

1 hour ago, TDNProd said:

Remaining properties have been sold

 

Not familiar with Deltavision Media....

 

I'm not either but the article does say and sound like WABG/WXVT/WNBD will be the flagship stations...

 

"It’s an entity owned and operated by Webb Collums, who has a strong family history in media in southwest Mississippi and is currently invested in the Mississippi Delta region."

[GoldenShine_10 96]

18 hours ago, TheRolyPoly said:

 

I'm not either but the article does say and sound like WABG/WXVT/WNBD will be the flagship stations...

 

"It’s an entity owned and operated by Webb Collums, who has a strong family history in media in southwest Mississippi and is currently invested in the Mississippi Delta region."

 

I'm surprised they are buying the others too, since they would essentially be a local owner in Greenville.

[Rusty Muck 4368]

On 4/9/2025 at 11:11 AM, GoldenShine_10 said:

 

I'm surprised they are buying the others too, since they would essentially be a local owner in Greenville.

Outside of KPVI (which is itself in a small market) those stations are super small and borderline afterthoughts. Does WICZ/WSYT have any local output to speak of?

 

The funny thing is I bet INSP didn't get anything close to a return on their investment a few years ago.

Edited Monday at 11:22 PM by Rusty Muck

[norcalTVfan 14]

1 hour ago, Rusty Muck said:

Outside of KPVI (which is itself in a small market) those stations are super small and borderline afterthoughts. Does WICZ/WSYT have any local output to speak of?

 

The funny thing is I bet INSP didn't get anything close to a return on their investment a few years ago.

KPVI is an afterthought in a two-newsroom market. Its quality is on par with its former sister KIEM. Longtime users of this forum know that KIEM and quality typically aren’t mentioned in the same sentence. 

[mer764KCTV5 150]

11 hours ago, Rusty Muck said:

Outside of KPVI (which is itself in a small market) those stations are super small and borderline afterthoughts. Does WICZ/WSYT have any local output to speak of?

 

The funny thing is I bet INSP didn't get anything close to a return on their investment a few years ago.

 

WICZ is a distant 2nd place between WBNG-TV, so yea.

[nathannah 2428]

Without the Sony game shows (there by default because Nexstar and Sinclair aren't throwing money into a perceived 'dead market' like Syracuse) WSYT would probably be a Coastal station like WYDC nearby. It really feels like an complete afterthought since Sinclair spun it off with WNYS.

Edited 21 hours ago by nathannah

[jjj 19]

We now have the complete prices paid for the Imagicomm stations.   Imagicomm previously paid $488 million for the stations and has now sold them for $94.9 million.

 

$2.9 million:

KIEM / KVIQ (Eureka, CA)

 

$1 million:

KMVU / KFBI (Medford, OR)

 

$63 million:

KOKI / KMYT (Tulsa, OK)

WHBQ (Memphis, TN)

KAYU (Spokane, WA)

KFFX / KCYU (Yakima, WA)

KYMA (Yuma, AZ)

 

$28 million:

WSYT (Syracuse, NY)

WICZ (Binghamton, NY)

WNYS-CD (Ithaca, NY)

KLAX (Alexandria, LA)

KPVI (Pocatello, ID)

WABG / WNBD / WXVT (Greenville, MS)

 

 

 

 

 

 

 

 

Edited 5 hours ago by jjj

[channel2 978]

On 4/14/2025 at 6:39 PM, norcalTVfan said:

KPVI is an afterthought in a two-newsroom market. Its quality is on par with its former sister KIEM. Longtime users of this forum know that KIEM and quality typically aren’t mentioned in the same sentence. 

 

Isn't KIFI itself kinda lousy?