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Continuing Coverage Sinclair and Tribune Part 2: The Redux

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

  1. channel2

    channel2 Primary Anchor

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    I feel like Tribune hasn't been right since they hitched their wagon to The WB. That network - and Warner Bros. as a whole - was riddled with management issues, and you had ill-advised deals and ideas on Tribune's own end like the Times Mirror merger, the local TV buying spree (Renaissance's quartet of Fox stations and KCPQ seem to be the only big contributions to the chain that have been worthwhile), and Tribune's push into cheap first-run syndication.

    I admit I was someone who had confidence in Ligouri to put WGN America on the map but of course that went wrong, or was shorted out by the Sinclair deal.
     
  2. mre29

    mre29 AM Anchor

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    Didn't Albritton treat their non-WJLA stations in a similar way?
     
  3. Weeters

    Weeters Director of Operations
    Administrator

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    Mod note: The off-topic rules are being strictly enforced in this thread. If it doesn't have to do with the Sinclair/Tribune merger, it doesn't go in this thread. Its already against the rules, but I added it to the thread rules for emphasis.

    A casual mention of "Well I think this deal is better/worse than this completely other deal" is fine, but doubling down and going off on the aspects of the other deal is off-topic. Your post will be deleted and you'll be given an off-topic strike.
     
    oknewsguy and DonDonP1 like this.
  4. mardek1995

    mardek1995 News Director

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    Sinclair did want to get dibs on Renaissance before Tribune did. I guess this deal also nets them the stations that were once with Renaissance when Tribune acquired them, except WSFL of course.
     
  5. NEOMatrix

    NEOMatrix aka Raycom's God of Destruction

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    NewsFix, EyeOpener, and News With a Twist are reason enough that Tribune was in trouble.
     
  6. LTSC1980

    LTSC1980 Primary Anchor

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    Didn't Tribune replaced EyeOpener with Morning Dose?
     
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  7. MetroCity

    MetroCity Haver of Worst Nightmares & Hater of Tired Clichés

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    Do they have any kind of ratings?
     
  8. scrabbleship

    scrabbleship Managing Editor

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    Prior to ending up with everyone that WUSA cast aside and the move from Upper Northwest to Rosslyn, WJLA wasn't treated all that well given its market size and the competition. Heck, their Metropolis-era look was on KATV nearly two years before it made it to DC.
     
  9. ColDayNews

    ColDayNews Managing Editor

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    IMO, Tribune should have sold its’ stake in the WB network to ACME, which was owned by Jamie Kellner and some WB execs, and as a result, these stations were de-facto WB O&Os. Acme was quite successful with their Dayton, Green Bay and Champaign stations, with WBDT/Dayton being the WB’s strongest affiliate at one point. They bought these stations from Pax for cheap around the time Tribune yanked the WB off of WGN Superstation. They kept Pax on the station’s schedules via secondary affiliation.
     
    #29 ColDayNews, Mar 12, 2018
    Last edited: Mar 12, 2018
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  10. channel2

    channel2 Primary Anchor

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    I feel like the better course of action would have been to buy ACME, but of course, the then-AOL Time Warner wasn't in much position to do that. Tribune really wasn't of much help to The WB as a network, as far as I can tell.
     
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  11. mardek1995

    mardek1995 News Director

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    And as I said before, Sinclair could've gotten the Renaissance stations back in the 90s before Tribune gobbled them up. Now, they're still getting all of them with the acquisition of Tribune, except of course, WSFL, WPMT, and, if they don't get the greenlight to the whole big-4 duopoly in Indianapolis, WXIN.
     
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  12. oknewsguy

    oknewsguy News Director

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    Some Sinclair/Tribune related news:

    Free Press has joined Common Cause, Communications Workers of America and the Office of Communication of the United Church of Christ to file suit against FCC efforts to repeal local media-ownership limits http://www.tvnewscheck.com/article/111926/fcc-sued-over-media-ownership-moves

    The ACA has asked the FCC to put the brakes on its review of the Sinclair-Tribune merger, arguing that Sinclair has withheld information needed to evaluate the deal.http://www.tvnewscheck.com/article/111986/aca-to-fcc-not-so-fast-on-sinclairtribune
     
    #32 oknewsguy, Mar 13, 2018
    Last edited: Mar 14, 2018
  13. tyrannical bastard

    tyrannical bastard Assistant VP of Aspect Ratio Correction

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    This whole deal is just a mess. But it just goes to show you what happens when you rack up untold amounts of debt and grow too big too fail.

    Fast forward 20 years and Sinclair and Nexstar will be in the same predicament as IHeart and Cumulus. If these companies were subject to the free market much like Toys R Us, they would be liquidating too....

    I can only hope the smaller companies and individuals can get back in the TV business. There are some blessings when you're fortunate enough to be spun off from a larger company that is caught up in a merger....
     
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  14. H4UL4U

    H4UL4U VP of Media Content

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    This post is timely as iHeart filed for Chapter 11...
     
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  15. bmasters1

    bmasters1 AM Anchor

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    That's smart on their part (the Fox O&Os, that is). I personally believe that Fox stations (O&Os and otherwise) should have news coverage that is far different than that of the Fox News Channel cable network (don't know why I believe that, but I do believe it).
     
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  16. Myron Falwell

    Myron Falwell Director of Graphic Blandishment and Chroma Cues

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    Funny thing is, the game is rigged for iHeart and Cumulus to continue functioning as companies. They’re only in restructuring phase, not liquidation. Those two companies actually make money, but it all was going back to paying off massive amounts of debt.

    Sinclair has, to the best of my knowledge, not been invested upon by private equity firms like iHeart and Cumulus have (and Toys R Us had). That’s another thing to keep in mind.
     
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  17. TheRob

    TheRob News Director

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    Sinclair has a decent deal on its debt, and should be able to pay off the coming notes in 2020 and beyond. The debt to buy Tribune will come due in 2024, I think. I am curious though, how much SBG is spending in legal fees, the structuring, and so on, considering it's taken nearly a year.

    As long as banks think companies are good for it, the line of credit will always be there.
     
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  18. Megatron81

    Megatron81 AM Anchor

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    If Sinclair didn't drag it's feet and try and keep everything the merger would have already been a done deal. Glad that DOJ hasn't backed down on their demands of Sinclair divesting the stations they need.
     
  19. bmasters1

    bmasters1 AM Anchor

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    Thought you might find this funny-- an editorial cartoon in the 4/20 Charlotte Observer (Mike Luckovich for the AJC) about how Sinclair treats the news on all the stations they own...

    sinclaircartoon.jpg
     
  20. NowBergen

    NowBergen Primary Anchor

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    So does this mean WPIX will be completely divested or will thy keep it without a shell?
     

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