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Continuing Coverage Sinclair and Tribune: Just the Facts

Discussion in 'General TV' started by Weeters, Mar 9, 2018.

  1. Weeters

    Weeters Director of Operations
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    This thread is for people who wish to know the latest news regarding the Tribune and Sinclair merger, without all the discussion.

    Please only post news updates in this thread. Discussion should take place in the other thread.

    ----------------

    TVNewsCheck is reporting that Sinclair has received final bids for stations they will sell. The official list should be announced next week.
     
  2. NewsMaster

    NewsMaster News Director

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    This is not directly related to Sin-Trib, but it's definitely relevant to the merger as it is most likely the main reason why this is happening:

    The FCC has been sued by Free Press, Common Cause and others over the deregulation of ownership limits. Specifically, it's concerned about the de-attribution of SSA's and JSA's, as well as getting rid of some of the local rules (the top four rule, the eight voice test, etc.).

    If you want to discuss, going off what @Weeters said, please do so in the other Sin-Trib thread.
     
    Spectrum27 and oknewsguy like this.
  3. oknewsguy

    oknewsguy News Director

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    http://www.tvnewscheck.com/article/111986/aca-to-fcc-not-so-fast-on-sinclairtribune
    Any discussion of the deal should take place in the other thread as Weeters called for

     
    #3 oknewsguy, Mar 14, 2018
    Last edited: Mar 14, 2018
  4. NowBergen

    NowBergen Primary Anchor

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    Just read that there is a WSJ report that the Sinclair plan for WPIX and WGN has hit a snag with the FCC which is not ready to approve it due to concerns over independence from Sinclair and that the purchase prices were below market valuation. Hopefully this will force Sinclair to divest them cleanly without any joint operating agreements. https://www.bizjournals.com/stlouis...hes-back-on-sinclair-plan-to-buy-tribune.html
     
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  5. TheRob

    TheRob News Director

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    We just got an email with a new filing today:

    Meredith will buy KPLR/St. Louis.

    KCPQ, KDVR, WJW, KTXL, KSTU, KSWB and WSFL are listed as "TBA" (assume most of these will be FOX)

    WGN will be shelled but WPIX will not.

    KIAH and KDAF will be shelled.

    Several others in overlap markets will be listed under an entity called "Standard Media."

    (p.s., please move to appropriate thread if I clicked on the wrong one. I have the .pdf of the latest filing)
     
  6. TheRob

    TheRob News Director

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  7. Ramona

    Ramona Fluffy Fox Girl

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  8. CircleSeven

    CircleSeven Midnight Presenter

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  9. oknewsguy

    oknewsguy News Director

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    https://www.broadcastingcable.com/news/sinclair-deal-shot-clock-still-paused looks like the Justice Department is satisfied with the latest divestment plan and that the clock will restart once the FCC gets the final version of the divestment plan so that it can be put out for public commpents and replies

    http://www.tvnewscheck.com/article/113162/sinclair-to-reach-58-of-tvhhs-or-is-it-66
    http://www.tvnewscheck.com/article/113165/suddenly-time-is-of-essence-for-sinclairtrib
    My thoughts/takeaways from Harry Jessell's 2-part column are in the other thread for you to read
     
    #9 oknewsguy, Apr 26, 2018
    Last edited: Apr 27, 2018
  10. CircleSeven

    CircleSeven Midnight Presenter

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    More Paperwork tonight.....

    KDAF/KIAH to Cunningham. Price: $60M. No JSA/SSA, but SBG will op the outlets through a 180-day transition agreement after closing.

    KAUT/KMYU/KUNS to Howard Stirk. Price: $4.95M ($3.8M for KUNS, $750K for KAUT & $400K for KMYU). JSA/SSA op'd by SBG.

    All five stations mentioned have option agreements between the proposed buyers & SBG.

    Also posted last Wednesday:

    KPLR to Meredith. Price: $65M. 120-day transition agreement between SBG & Meredith after closing.
    _________________________________________

    Re-EDIT (5/1): Standard Media paperwork.

    It includes an APA, a 180-day transition agreement and a reverse? transition agreement.

    WSWB wants to duo with WOLF because the former is not in the top-4 (remember the eight voice test is squashed). And wants continued satellite authority for WQMY to repeat WOLF.

    They also want WOLF to continue the news share agreement with WSBT after closing.

    The others: KDSM, KOKH, WPMT, WRLH, WXMI, WXLV.

    Purchase Price: $441.7M.
     
    #10 CircleSeven, Apr 30, 2018
    Last edited: May 1, 2018
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  11. oknewsguy

    oknewsguy News Director

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    dealReporter is reporting that the DOJ is approving the elaborate divestment plan made by Sinclair to gain regulatory approval to acquire Tribune Media
    https://seekingalpha.com/news/3354673-report-doj-approving-sinclair-tribune-divestitures-deal this will be croosed over into the other thread for discussion

    EDIT: Justice/FCC is actually not satisfied with parts of Sinclair's latest divestment plan, details are in the other thread
    https://www.broadcastingcable.com/news/sinclair-hopes-fifth-times-the-charm
     
    #11 oknewsguy, May 9, 2018
    Last edited: May 13, 2018
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  12. CircleSeven

    CircleSeven Midnight Presenter

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    #12 CircleSeven, May 15, 2018
    Last edited: May 15, 2018
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  13. oknewsguy

    oknewsguy News Director

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    #13 oknewsguy, May 16, 2018
    Last edited: May 21, 2018
  14. NCFLMedia

    NCFLMedia Station Group CEO

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    BREAKING and EXCLUSIVE to the Radio+Television Business Report:

    Another twist to this continuing messy saga: The Meredith acquisition of KPLR 11 (CW) to create a duopoly with KMOV 4 (CBS) may not happen at all! This now leaves as to which station KTVI could pair up with going forward.

    https://www.rbr.com/meredith-sinclair-station-sale-deny/

     
  15. mre29

    mre29 AM Anchor

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    Isn't that old news?
     
  16. NCFLMedia

    NCFLMedia Station Group CEO

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    No.
     
  17. Ramona

    Ramona Fluffy Fox Girl

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    It had not previously been publicly reported, though it had been mentioned in passing in a filing.
     
  18. mre29

    mre29 AM Anchor

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    Ah, that must be it.
     
  19. Eat News

    Eat News Station Group CEO

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    I should hope nobody's life was put in any danger with this "leak"....or "disclosure"...wink wink.
     
  20. oknewsguy

    oknewsguy News Director

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