Gray acquiring various stations in 7 transactions

Discussion in 'Corporate Chat' started by CRThell, Jul 1, 2015.

  1. newsbot

    newsbot Primary Anchor

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    WABI has a news sharing arrangement with WMTW in Portland; it will be interesting to see if that arrangement survives the Gray takeover. WGME is partnered with WVII. I have to wonder if WVII is now in play. Will Sinclair or Hearst make Rockfleet an offer they can't refuse?
     
  2. atlnews2

    atlnews2 News Director

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    Not a surprise at all. It seemed inevitable that Gray would buy another station in Maine given that it seemed ridiculous to have WAGM all by itself. Will be interesting to see if Gray makes WAGM a semi-satellite of WABI or let's it continue to be it's own station.

    The plus side to this is that WABI and WCJB will now finally have a decent graphics package.
     
  3. NewsMaster

    NewsMaster Zonie for now

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    I highly doubt Hearst would be interested in WVII, considering that it is by far the last-placed station in what would by far be Hearst's smallest market. Sinclair could make the move though, because...Sinclair. Whomever purchases WVII would have to put a fairly large investment into the station considering that they don't even have a weather department.

    And, in WABI's case, better music. CBS Local, anyone?
     
  4. GoldenShine9

    GoldenShine9 News Director

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    Gray has almost no way to complete a statewide network in Maine though, unless they swap assets or some blockbuster deal forces a divestment there (like Tegna and Hearst merging) given that Portland is pretty much locked up.

    If they want to expand their reach in the peripheral Northeast, WCAX might be another target for them.
     
  5. newsbot

    newsbot Primary Anchor

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    Unless Hearst wants out of Portland, of course...
     
  6. newsbot

    newsbot Primary Anchor

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    Sinclair might have an interest in WVII; they are not allergic to third-place stations, unlike Gray, and there's that existing news sharing relationship...
     
  7. newsbot

    newsbot Primary Anchor

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    Gray has already indicated that there would be news and resource sharing between WABI and WAGM, but Presque Isle is 2-1/2 hours away from Bangor (a half-hour further away than even Portland) so there are limits as to what would be practical.
    http://www.wagmtv.com/content/news/WABI-Purchased-by-Gray--413988913.html
     
  8. scrabbleship

    scrabbleship Primary Anchor

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    At least Gray would have the will to upgrade WMTW to HD. At that point they might as well toss WPTZ in too.

    A wild way in would be WPXT. The local owners who bought them from New Age have wanted out for a while but they don't want to lose the grandfathered LMA with WPME and hitching up with Hearst or Tegna would be a massive headache
     
  9. newsbot

    newsbot Primary Anchor

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    The acquiring party might still be able to get a failing station waiver, which is how the WPME LMA was cleared at the FCC in the first place. The station has no chance of staying on the air without the support of a rich uncle. A wild card is the spectrum auction - we don't know if either WPXT or WPME (or both) put their license assets up for bid. I have thought that the only reason both stations remained on the air was as spectrum bait.
     
    #49 newsbot, Feb 17, 2017
    Last edited: Feb 17, 2017
  10. CircleSeven

    CircleSeven Midnight Presenter

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  11. GoldenShine9

    GoldenShine9 News Director

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    Have the deals completed yet? I know Gray is shown as the copyright on the WABI and WCJB sites, and they are using Gray resources now at those stations as well.
     
  12. CircleSeven

    CircleSeven Midnight Presenter

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    #52 CircleSeven, Apr 16, 2017
    Last edited: Apr 16, 2017
  13. CircleSeven

    CircleSeven Midnight Presenter

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    The WABI/WCJB deal was greenlighted today. The WDTV/WVFX one is still waiting for the greenlight.

    Sixty-four years of family ownership of television stations is about to come to an end soon.
     
    #53 CircleSeven, Apr 18, 2017
    Last edited: Apr 18, 2017
  14. GoldenShine9

    GoldenShine9 News Director

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    WABI had been family owned since day 1?

    There are still a few left - WRAL/WRAZ, WBRZ, KTBS, WOAY, WINK, WPSD, WSIL, WBOC, WMDT, WFMJ, WWTV/WWUP...those off the top of my head...

    How many of those will still be independent a few years from now though?
     
  15. WSVNFan

    WSVNFan Station Group CEO

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    Yes. In fact, Diversified signed on WABI. It was family owned since Day 1. Today's that day that WABI is no longer locally owned and operated. Welcome to Gray, TV5.
     
  16. CircleSeven

    CircleSeven Midnight Presenter

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    The deal has not been finalized yet. It has been approved, but not wrapped up. They have 90 days to consummate the deal, but they'll probably close it out far sooner than that.

    Once it's closed, then you can say "Welcome to Gray, TV5".
     
    #56 CircleSeven, Apr 18, 2017
    Last edited: Apr 18, 2017
  17. AJClementeFan69

    AJClementeFan69 Forum Contributor

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    As far as still owned by the original family signing it on and owning it...

    Add:

    KSTP (Hubbard)
    WBNS (Wolfe)
    KOBI/KOTI (Smullin)
    WISC (Murphy [Burns])
    *KRGV (I think it's been owned by the Manships the entire time)

    You can also count WGEM, but Quincy, to me, has expanded a bit beyond the point of a mom-and-pop operator despite being a family company. Same goes for original Cox/Hearst stations.

    And, although, not since "Day 1"...WCAX has been owned by the Martin family for all but the first four years of its existence.
     
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  18. GoldenShine9

    GoldenShine9 News Director

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    Yeah some of them are better described as companies though and not independents. I created a new thread in Speculatron about the future of the independent stations (I mean by that those which are locally/separately owned, and not stations without an affiliation). Somehow I think Gray will get quite a few of them, as they fit their portfolio and are missing in those markets...
     
    AJClementeFan69 likes this.
  19. WSVNFan

    WSVNFan Station Group CEO

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    Oh whoops. Misread your post. Apologies.
     
  20. CircleSeven

    CircleSeven Midnight Presenter

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    The WDTV/WVFX deal was greenlighted today. FSW paper (in doc.)

    Wouldn't be surprised if both Diversifed & Withers deals get closed in tandem.
     

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