channel2 979 Posted January 24 Share Posted January 24 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. 6 Link to comment https://localnewstalk.net/topic/21616-imagicomm-communications-plans-to-sell-its-tv-stations/page/2/#findComment-303122 Share on other sites More sharing options...
AmericanErrorist 149 Posted January 24 Share Posted January 24 On 1/24/2025 at 2:54 PM, channel2 said: And Graham Holdings is still headquartered in Washington. Expand Actually the suburb of Arlington, VA. 1 Link to comment https://localnewstalk.net/topic/21616-imagicomm-communications-plans-to-sell-its-tv-stations/page/2/#findComment-303123 Share on other sites More sharing options...
VulcanSphere 8 Posted January 25 Share Posted January 25 On 1/24/2025 at 2:54 PM, 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. Expand Yeah, they own Slate and other diversified businesses such as Old Ebbitt Grill restaurant. 1 Link to comment https://localnewstalk.net/topic/21616-imagicomm-communications-plans-to-sell-its-tv-stations/page/2/#findComment-303140 Share on other sites More sharing options...
johnintx 20 Posted January 28 Share Posted January 28 On 1/24/2025 at 9:46 AM, Georgie56 said: Griffin also has their food business keeping them afloat. Expand Pancake syrup! 1 Link to comment https://localnewstalk.net/topic/21616-imagicomm-communications-plans-to-sell-its-tv-stations/page/2/#findComment-303201 Share on other sites More sharing options...
Georgie56 3307 Posted April 3 Share Posted April 3 (edited) KAYU, KOKI/KMYT, KFFX, KCYU, KYMA, and WHBQ will be sold to Rincon. Edited April 3 by Georgie56 1 Link to comment https://localnewstalk.net/topic/21616-imagicomm-communications-plans-to-sell-its-tv-stations/page/2/#findComment-304852 Share on other sites More sharing options...
GoldenShine_10 96 Posted April 3 Share Posted April 3 On 4/3/2025 at 12:40 PM, Georgie56 said: KAYU, KOKI/KMYT, KFFX, KCYU, KYMA, and WHBQ will be sold to Rincon. Expand That leaves the stations in Greenville and Pocatello. 1 Link to comment https://localnewstalk.net/topic/21616-imagicomm-communications-plans-to-sell-its-tv-stations/page/2/#findComment-304855 Share on other sites More sharing options...
tyrannical bastard 3953 Posted April 3 Share Posted April 3 (edited) On 4/3/2025 at 12:40 PM, Georgie56 said: KAYU, KOKI/KMYT, KFFX, KCYU, KYMA, and WHBQ will be sold to Rincon. Expand 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 1 Link to comment https://localnewstalk.net/topic/21616-imagicomm-communications-plans-to-sell-its-tv-stations/page/2/#findComment-304856 Share on other sites More sharing options...
tyrannical bastard 3953 Posted April 3 Share Posted April 3 On 4/3/2025 at 6:14 PM, GoldenShine_10 said: That leaves the stations in Greenville and Pocatello. Expand 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! 1 Link to comment https://localnewstalk.net/topic/21616-imagicomm-communications-plans-to-sell-its-tv-stations/page/2/#findComment-304857 Share on other sites More sharing options...
TDNProd 5 Posted April 8 Share Posted April 8 Remaining properties have been sold Not familiar with Deltavision Media.... 1 Link to comment https://localnewstalk.net/topic/21616-imagicomm-communications-plans-to-sell-its-tv-stations/page/2/#findComment-304933 Share on other sites More sharing options...
TheRolyPoly 2441 Posted April 8 Share Posted April 8 On 4/8/2025 at 7:45 PM, TDNProd said: Remaining properties have been sold Not familiar with Deltavision Media.... Expand 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." 1 Link to comment https://localnewstalk.net/topic/21616-imagicomm-communications-plans-to-sell-its-tv-stations/page/2/#findComment-304936 Share on other sites More sharing options...
GoldenShine_10 96 Posted April 9 Share Posted April 9 On 4/8/2025 at 8:54 PM, 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." Expand I'm surprised they are buying the others too, since they would essentially be a local owner in Greenville. 1 Link to comment https://localnewstalk.net/topic/21616-imagicomm-communications-plans-to-sell-its-tv-stations/page/2/#findComment-304959 Share on other sites More sharing options...
Rusty Muck 4378 Posted April 14 Share Posted April 14 (edited) On 4/9/2025 at 3:11 PM, GoldenShine_10 said: I'm surprised they are buying the others too, since they would essentially be a local owner in Greenville. Expand 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 April 14 by Rusty Muck 1 Link to comment https://localnewstalk.net/topic/21616-imagicomm-communications-plans-to-sell-its-tv-stations/page/2/#findComment-305052 Share on other sites More sharing options...
norcalTVfan 15 Posted April 15 Share Posted April 15 On 4/14/2025 at 11:22 PM, 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. Expand 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. 1 Link to comment https://localnewstalk.net/topic/21616-imagicomm-communications-plans-to-sell-its-tv-stations/page/2/#findComment-305056 Share on other sites More sharing options...
mer764KCTV5 150 Posted April 15 Share Posted April 15 On 4/14/2025 at 11:22 PM, 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. Expand WICZ is a distant 2nd place between WBNG-TV, so yea. 1 Link to comment https://localnewstalk.net/topic/21616-imagicomm-communications-plans-to-sell-its-tv-stations/page/2/#findComment-305064 Share on other sites More sharing options...
nathannah 2435 Posted April 15 Share Posted April 15 (edited) 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 April 15 by nathannah 1 Link to comment https://localnewstalk.net/topic/21616-imagicomm-communications-plans-to-sell-its-tv-stations/page/2/#findComment-305068 Share on other sites More sharing options...
jjj 19 Posted April 16 Share Posted April 16 (edited) 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 April 16 by jjj 2 Link to comment https://localnewstalk.net/topic/21616-imagicomm-communications-plans-to-sell-its-tv-stations/page/2/#findComment-305077 Share on other sites More sharing options...
channel2 979 Posted April 16 Share Posted April 16 On 4/15/2025 at 12:39 AM, 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. Expand Isn't KIFI itself kinda lousy? 1 1 Link to comment https://localnewstalk.net/topic/21616-imagicomm-communications-plans-to-sell-its-tv-stations/page/2/#findComment-305079 Share on other sites More sharing options...
nathannah 2435 Posted April 16 Share Posted April 16 On 4/16/2025 at 1:22 PM, channel2 said: Isn't KIFI itself kinda lousy? Expand I imagine in that market most of the viewers (if they are) mainly hate-watch for certain political reasons and posting said hate-watching on the station's socials, so neither news org needs to put their best foot forward in the first place and the out-of-state staff is doing their 2-3 and fleeing. Link to comment https://localnewstalk.net/topic/21616-imagicomm-communications-plans-to-sell-its-tv-stations/page/2/#findComment-305086 Share on other sites More sharing options...
Rusty Muck 4378 Posted April 16 Share Posted April 16 (edited) On 4/16/2025 at 9:19 AM, jjj said: 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. Expand What in the hell possessed INSP to incinerate $393M like that in less than three years? That's Enron levels of fraud. Did Marc Rowan (Apollo's CEO) have incriminating evidence against INSP CEO David Cerullo and threatened to release it if INSP didn't blow all that money on KOKI, WHBQ and a bunch of spare parts and scrap? Cause there's no other way to explain why they would engage in such a horrible transaction. Edited April 16 by Rusty Muck 2 1 Link to comment https://localnewstalk.net/topic/21616-imagicomm-communications-plans-to-sell-its-tv-stations/page/2/#findComment-305090 Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now