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oknewsguy

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Everything posted by oknewsguy

  1. So Tegna has finally responded to Soo Kim's request to talk about the bid's and apparently 2 of the parties (one of them presumably Apollo the other being Gray) has dropped out of the running for Tegna due to COVID-19 concerns https://www.tegna.com/tegna-reports-on-acquisition-approaches/ So that leaves the Najafi/TBN and Byron Allen unless Soo Kim comes in to takeover.
  2. Looking at the schedule on the TV Guide app, they replaced the 12pm newscast with Inside Edition. I imagine it's just a temporary move.
  3. If I had to guess some of the stations within Scripps are in a disagreement in terms of how they want to get the new pkg rolled out to their stations I can tell some want to get it done as soon as possible (KGTV, KSHB) others think that a new pkg is the least of their worries right now and I don't think WXYZ is the only one in that camp, I'm sure there has to be other Scripps stations that likely feel the same way as WXYZ right now.
  4. Apollo and Allen was the best hope. Problem isn't those groups or COVID-19, the problem is Tegna's Board of Directors' resistence and their attitude towards these groups who are bidding for them have become a problem in fact throughout the lengthy filing I read I saw no mention of either of the bidders for Tegna in the filing whereas Standard General was mentioned a bunch of times in the filing. Overall in my eyes, the attitude on the part of the board of directors tells me they'd much rather be taken over by Soo Kim than to do the right thing and sell.
  5. Meanwhile just reading some of the information from the filings Tegna made earlier today it seams as if Tegna is not preparing to be sold they're preparing to be taken over by Soo Kim https://www.streetinsider.com/SEC+Filings/Form+PRER14A+TEGNA+INC/16660413.html The reason you're not seeing the figure information on here is because right now all the parties involved are sitting in some form of video call, etc. figuring up the costs associated with the Standard General takeover of Tegna.
  6. COVID-19 hasn't prevented TV stations in general from rolling out new graphics. If it hasn't stopped Tegna from rolling out new graphics on their stations it wouldn't stop the Scripps stations from rolling out new graphics either. My thinking here is Scripps is likely getting feedback from their stations that have already rolled out this package and what they want different within the pkg to make it work for their market I don't think COVID-19 has anything to do with why we haven't seen new Scripps stations rolling out this pkg in a while because it started slowing down even before COVID-19 took hold.
  7. That's because the tech people haven't had the chance to remove the Eyewitness News 13 from the link yet, they will eventually. It takes time for things like that to change over it can't just happen overnight and besides I'd be willing to bet that the people who have been working on this project just recently started working from home amid COVID-19.
  8. Wait, are you saying that Henrich can't come into the building on April 1 to start his new job?
  9. Actually Lucas is correct, per NMSA WXIA did use Locals Only from 2014-17 (primarily for their lifestyle show Atlanta Alive) and then for a year (2015-16) when as he mentioned launched their 5pm newscast they used This is The Place.
  10. Is Tegna actually looking into going to a new website or no? Because it could be anything at this point
  11. If that's the case then I'd suggest taking it to the mods and admins in a direct message and see if they can help you get that resolved.
  12. In other words if I go into say anchoring, producing, directing, etc. and a situation like what were dealing with now comes up I am considered to be a first responder.
  13. I mean even WBNS rolled out the Tegna gfx/music even when the national emergency was just getting underway so I'm not really surprised.
  14. Here's the screenshot of what it would look like and there should be a button that looks something like that down below in this post In other news, the heat and the pressure on Tegna to either sell the company or face being taken over is being turned up and turned up by quite a bit. Standard General Founding Partner Soo Kim has come out with this statement regarding the situation within Tegna that's been an evolving situation over the last 2 weeks. Is Soo Kim acting like a bully in this situation? Yes but that's only because Tegna (who's just as much responsible for this as Kim is) put him in this spot by not being negotiable with Kim and by rejecting every nominee that Kim has sent to be on Tegna's board that are more qualified for the job and has years of experience working at various station groups in some capacity than what some of the people on Tegna's board are. After all Kim didn't buy nearly 10% of Tegna for nothing.
  15. I say Gray and Tegna have been the 2 most aggressive companies so far. Speaking of Tegna you might want to read the DMs when you get a chance. Things just got even more interesting with them but I'll save that topic for a much different thread as well as in the DMs related to them.
  16. So people like anchors, directors, etc. have access to the buildings while everything else comes from home
  17. I wonder how the TV stations in California, Illinois and New York are going to handle the COVID-19 coverage now that their governors have issued some form of a shelter in place order? Are they still able to access their studios or is everything coming from their homes?
  18. All big three Oklahoma City stations are doing social distancing, currently watching KOKH and it's being solo anchored by Dan Snyder.
  19. Exactly and I think both Apollo and Allen present the best of the best options Tegna can ask for and it shows. Btw, I've been anticipating this potential Apollo-Tegna marriage since this post I made below when the rumors started flowing about Apollo and Tegna, Apollo-Tegna back in August would've not made any sense but now they have Cox everything just fits in perfectly for the Cox stations.
  20. I can't foresee Standard General selling Tegna for pennies on the dollar any smart hedge fund company wouldn't just sell some piece of property like television stations for pennies on the dollar just because the economy is tanking, the preference here is to get the most money out of it they can get with the conditions you have and right now given the circumstances were in I think $20 a share is the most likely outcome since how nobody wants to go north of $20 a share right now (likely because Tegna's stock just can't seem to go north of $18 a share)
  21. That makes sense, KFOR probably doesn't have the Nexstar school/business closings ticker yet but I'm sure that will be implemented at some point
  22. My thinking here is very simple a sale would most likely be to someone like Apollo (which they clearly seem to have the deepest pockets right now out of the groups that remain in the running) I don't think Najafi stands a chance given what they're offering which is an all-stock deal. Clearly they want to meet the same demise as Gray in my eyes.
  23. Only if that was from The Onion. In this case, this isn't from the Onion.
  24. They can refuse to sell but by doing that they risk being taken over by Soo Kim and given that Tegna's stock has been holding generally in the mid teens a share (in spite of the huge stock market plunge) they're a prime candidate to be taken over by Soo Kim. So right now Tegna has 2 clear choices, they can avoid the takeover by selling to someone like Apollo or Allen or they say no to both of them and then eventually get forced into a takeover.
  25. That's the biggest drawback to that bid for that joint group if it was all cash like Apollo and Allen this would've worked instead they chosed stock and we all know that's not a good idea at this point in time. Right now at this point I say it's coming down to Apollo and Allen for Tegna with the Najafi/TBN bid likely coming in 3rd due to the stock based bid.
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