Weeters 1805 Posted December 18, 2017 Share Posted December 18, 2017 I’ve just been informed that TEGNA employees have been informed of the purchase. KFMB in San Diego is slated to be purchased by TEGNA pending the usual FCC review. Link to comment Share on other sites More sharing options...
TheRob 919 Posted December 18, 2017 Share Posted December 18, 2017 News release http://www.tegna.com/tegna-to-acquire-midwest-television-inc-s-broadcasting-stations-in-san-diego-ca/ Link to comment Share on other sites More sharing options...
NEOMatrix 1295 Posted December 18, 2017 Share Posted December 18, 2017 It will be a speedy process that's approved quickly by the FCC. I'm actually surprised they're acquiring the radio stations as well. Link to comment Share on other sites More sharing options...
atlnews2 557 Posted December 18, 2017 Share Posted December 18, 2017 Pleasant surprise. This had Sinclair / Nexstar bait written all over it. Link to comment Share on other sites More sharing options...
DonDonP1 113 Posted December 18, 2017 Share Posted December 18, 2017 Wow. Link to comment Share on other sites More sharing options...
Georgie56 3059 Posted December 18, 2017 Share Posted December 18, 2017 Well, this came out of nowhere. I had a feeling TEGNA would enter that market in some way (and by "some way" I mean purchasing KUSI). And they're getting radio stations, too. Wow. Link to comment Share on other sites More sharing options...
GoldenShine9 1509 Posted December 18, 2017 Share Posted December 18, 2017 Color me shocked! I figured Tegna was for sale... Agreed this should fly through the FCC, since there are no complications at all. Link to comment Share on other sites More sharing options...
Samantha 2876 Posted December 18, 2017 Share Posted December 18, 2017 Get ready for the ax to fall on the staff, and eventually for the ratings to fall too. However, this is a good acquisition for them and they will be able to realize quite a few economies of scale with the television station. And at a staggering purchase price of $325 million, holy heck they are cashing out. Link to comment Share on other sites More sharing options...
TheOneManHerd 553 Posted December 18, 2017 Share Posted December 18, 2017 Link to comment Share on other sites More sharing options...
oklahomanewsman 210 Posted December 18, 2017 Share Posted December 18, 2017 Thank goodness Sinclair didn't get KFMB, don't mind Nexstar with KFMB (at least Nexstar is not as evil as Sinclair is) Link to comment Share on other sites More sharing options...
C Block 1487 Posted December 18, 2017 Share Posted December 18, 2017 There were far worse outcomes, that's for sure. Link to comment Share on other sites More sharing options...
Ntropolis 593 Posted December 18, 2017 Share Posted December 18, 2017 [in b4 “I wonder when they’ll get the new Tegna gfx”] Link to comment Share on other sites More sharing options...
SFTV 484 Posted December 18, 2017 Share Posted December 18, 2017 Does this mean they can finally stream their newscasts online?! Even KUSI beat them to that after not having a news website for the longest time. Link to comment Share on other sites More sharing options...
Rusty Muck 4159 Posted December 19, 2017 Share Posted December 19, 2017 [in b4 “I wonder when they’ll get the new Tegna gfx”] HOW DARE. Link to comment Share on other sites More sharing options...
TennTV1983 742 Posted December 19, 2017 Share Posted December 19, 2017 [in b4 “I wonder when they’ll get the new Tegna gfx and website”] There. I fixed that for you. Link to comment Share on other sites More sharing options...
jbnews 344 Posted December 19, 2017 Share Posted December 19, 2017 *Phew* sort of. While it's not my top choices of Hearst, Meredith, or Dispatch, it is not Nexstar or Sinclair. I think if done right, *right* being the keyword here, Tegna could be a good fit for San Diego. But, I have a feeling that with the recent staff turnovers and a company that has given legacy stations "Tegna-itis" buying a legacy station, that this will be the downfall of KFMB. But, hopefully, I'm wrong. If I'm not, the other stations in the market better step it up A LOT. Link to comment Share on other sites More sharing options...
The Frog 392 Posted December 19, 2017 Share Posted December 19, 2017 So...they'll end up with Nexstar, just taking the long way around. Link to comment Share on other sites More sharing options...
TexasTVNews 1366 Posted December 19, 2017 Share Posted December 19, 2017 Is this the first time Tegna Media will own Radio Staions with the acquisition of KFMB Radio & TV? Link to comment Share on other sites More sharing options...
A3N 996 Posted December 19, 2017 Share Posted December 19, 2017 Disappointed that it wasn't COX, but hopefully TEGNA will leave KFMB alone and not mess with the format Link to comment Share on other sites More sharing options...
CaptainNews 285 Posted December 19, 2017 Share Posted December 19, 2017 Not a shocker. However, I thought Sinclair would’ve bought them. Better outcome though. Link to comment Share on other sites More sharing options...
TennTV1983 742 Posted December 19, 2017 Share Posted December 19, 2017 Is this the first time Tegna Media will own Radio Staions with the acquisition of KFMB Radio & TV? The last time that happened was in the late 70s after Gannett acquired Combined Communications. Link to comment Share on other sites More sharing options...
Eat News 4738 Posted December 19, 2017 Share Posted December 19, 2017 The outcome is still not gonna be real pretty. There is gonna be a giant blood letting. Just how bad we will see. But yes...it could have been worse. But plenty heads will be lopped-off. I wonder what Smegma will do to keep the "natives" in line. Link to comment Share on other sites More sharing options...
TSSZNews 1046 Posted December 19, 2017 Share Posted December 19, 2017 I did not think they would get anywhere near $325M, even for the combined operations. Good on Midwest TV! While it's not totally out of the question they sell the radio stations to a company more well versed in that business down the road (including Cox), this does diversify their portfolio somewhat, and if TEGNA is committed to trying something different in that regard, buying other radio stations in this environment isn't super expensive to do. They don't seem to mess with their top performing stations (read: Belo acquisitions) an insane amount like they do with the old Gannett fold, so in that respect it's a bullet dodged. Though, I do wonder now about the future of Cox, given this was a no-brainer for them and they either couldn't get or didn't want the cluster... Link to comment Share on other sites More sharing options...
GoldenShine9 1509 Posted December 19, 2017 Share Posted December 19, 2017 I did not think they would get anywhere near $325M, even for the combined operations. Good on Midwest TV! While it's not totally out of the question they sell the radio stations to a company more well versed in that business down the road (including Cox), this does diversify their portfolio somewhat, and if TEGNA is committed to trying something different in that regard, buying other radio stations in this environment isn't super expensive to do. They don't seem to mess with their top performing stations (read: Belo acquisitions) an insane amount like they do with the old Gannett fold, so in that respect it's a bullet dodged. Though, I do wonder now about the future of Cox, given this was a no-brainer for them and they either couldn't get or didn't want the cluster... Considering many of the radio giants are probably on life support, TV companies may decide to bulk up and purchase same-market radio stations? Although that is a topic for the Speculatron. Link to comment Share on other sites More sharing options...
bhratbrat 423 Posted December 19, 2017 Share Posted December 19, 2017 Admittedly, the one thing I will give Sinclair credit for is their hands-off style when it comes to KOMO-AM/FM and how it was practically the same from when I was there in 2006. Still sad admittedly though to drive by FISHER Plaza and it now being called KOMO Plaza. Doesn't have the same ring, the same pride that FISHER had in Seattle Link to comment Share on other sites More sharing options...
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