Nexstar to sell WOI 5/ABC - Sold to Tegna

[jdcyclone19]

Will be curious to see who they sell too. Hopefully since 13/NBC will be merged into Nexstar, we can finally get them on a streaming platform.

https://www.cordcuttersnews.com/the...nexstar-tribune-owned-abc-cbs-fox-nbc-locals/

 

[keepngoal]

FU BOR 4 selling it to begin with.

 

[pulse]

I thought it was Jischke’s stupid ******* idea.

 

[theshadow]

It was Pomerantz's idea, whispered into his ear by people at UI. Branstache was in his corner, too.

 

[kingcy]

It will be interesting to see how this plays out. Since they have KCWI in Des Moines also and WHOTV does the whole 17 thing.

I thought also thought WOI was already in the process of being sold off.

I really think these huge companies hurt local stations and news coverage as a whole. The silver lining is maybe 13 can get some good new on air talent. Some of the new people they have been hiring struggle at times.

 

[alarson]

Hopefully not bought up by Sinclair.

 

[jdcyclone19]

Hopefully not bought up by Sinclair.

IIRC, Sinclair and Meredith tried to buy them a year ago. M

 

[BigJCy]

Will that help them get a better Over-the-air signal strength?

 

[JD720]

Hopefully not bought up by Sinclair.

They already own KDSM - 17. They'd have to sell that in order to buy WOI.

 

[jdcyclone19]

They already own KDSM - 17. They'd have to sell that in order to buy WOI.

Why is that?

 

[JD720]

IIRC, Sinclair and Meredith tried to buy them a year ago. M

Sinclair tried to buy Tribune, which would have included WHO. I'm not aware of them trying to buy Nexstar/WOI.

 

[JD720]

Why is that?

FCC rules don't allow one company to own two top four stations in the same market. Since KCWI is 5th (I'm assuming), they can can be owned by a company that owns the others, but 5, 8, 13 and 17 need to be owned by different companies.

Edit - This is the whole reason for this sale. Nexstar, (which owns WOI) is buying tribune (who owns WHO). Nexstar can only own one of the stations, so they are selling the less valuable one.

 

[1UNI2ISU]

FCC rules don't allow one company to own two top four stations in the same market. Since KCWI is 5th (I'm assuming), they can can be owned by a company that owns the others, but 5, 8, 13 and 17 need to be owned by different companies.

Edit - This is the whole reason for this sale. Nexstar, (which owns WOI) is buying tribune (who owns WHO). Nexstar can only own one of the stations, so they are selling the less valuable one.

Sinclair owns both CBS2 (KGAN) and FOX28 (KFXA) in Eastern Iowa. I don't believe that rule exists anymore.

 

[JD720]

Sinclair owns both CBS2 (KGAN) and FOX28 (KFXA) in Eastern Iowa. I don't believe that rule exists anymore.

KFXA is operated by Sinclair, but they are owned by a different company. Some argue that's effectively the same thing since they control the programming, but it is allowed within the rules.

 

[CysRage]

IIRC, Sinclair and Meredith tried to buy them a year ago. M

Sinclair tried to buy Tribune which owned WHO but the FCC stopped it so they don't have a monopoly in the DSM market.

 

[JRE1975]

Sinclair tried to buy Tribune which owned WHO but the FCC stopped it so they don't have a monopoly in the DSM market.

Funny! There is no way the DSM market would be what held up a $6.4 billion deal.

 

[aauummm]

FU BOR 4 selling it to begin with.

I need to read this:

 

[mapnerd]

This is ******* confusing.

 

[CloneLawman]

It was Pomerantz's idea, whispered into his ear by people at UI. Branstache was in his corner, too.

 

[CloneLawman]

I need to read this:
View attachment 66848

Jinx. I just posted that too, not having carefully reviewed the thread. I have read it. I'm not Harl's biggest fan on everything, but pretty compelling stuff.