GoldenShine9 1445 Posted April 16, 2017 Share Posted April 16, 2017 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. Quote Link to comment Share on other sites More sharing options...
CircleSeven 1804 Posted April 16, 2017 Share Posted April 16, 2017 The Diversified & Withers deals are still pending. The Diversified one didn't include a LMA when they filed the paperwork last month. Quote Link to comment Share on other sites More sharing options...
CircleSeven 1804 Posted April 18, 2017 Share Posted April 18, 2017 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. The Diversified & Withers deals are still pending. The Diversified one didn't include a LMA when they filed the paperwork last month. 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. 1 Quote Link to comment Share on other sites More sharing options...
GoldenShine9 1445 Posted April 18, 2017 Share Posted April 18, 2017 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. 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? Quote Link to comment Share on other sites More sharing options...
TheRolyPoly 1815 Posted April 19, 2017 Share Posted April 19, 2017 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? 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. 1 Quote Link to comment Share on other sites More sharing options...
CircleSeven 1804 Posted April 19, 2017 Share Posted April 19, 2017 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. 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". 1 Quote Link to comment Share on other sites More sharing options...
AJClementeFan69 471 Posted April 19, 2017 Share Posted April 19, 2017 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? 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. 4 Quote Link to comment Share on other sites More sharing options...
GoldenShine9 1445 Posted April 19, 2017 Share Posted April 19, 2017 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. 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... 1 Quote Link to comment Share on other sites More sharing options...
TheRolyPoly 1815 Posted April 19, 2017 Share Posted April 19, 2017 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". Oh whoops. Misread your post. Apologies. 2 Quote Link to comment Share on other sites More sharing options...
CircleSeven 1804 Posted April 24, 2017 Share Posted April 24, 2017 The WDTV/WVFX deal was greenlighted today. FSW paper (in doc.) Wouldn't be surprised if both Diversifed & Withers deals get closed in tandem. Quote Link to comment Share on other sites More sharing options...
TheMassMediaGeek 98 Posted May 3, 2017 Share Posted May 3, 2017 The WDTV/WVFX deal was greenlighted today. FSW paper (in doc.) Wouldn't be surprised if both Diversifed & Withers deals get closed in tandem. As of May 1st, the sale closed and withers is no more (I think). Edit- I thought wrong, withers still owns Radio stations. 1 Quote Link to comment Share on other sites More sharing options...
NewsMaster 225 Posted May 4, 2017 Share Posted May 4, 2017 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, WCAX...those off the top of my head... How many of those will still be independent a few years from now though? There is now one less of them. Gray is buying WCAX in Burlington, Vermont for $29 million. Quote Link to comment Share on other sites More sharing options...
GoldenShine9 1445 Posted May 4, 2017 Share Posted May 4, 2017 There is now one less of them. Gray is buying WCAX in Burlington, Vermont for $29 million. One that I correctly called...and an excellent purchase for them to build up the "inland" Northeast. Unfortunately, there isn't much left to take there, unless WNEP is forced to go back on the market due to conflicts, or they go after WWNY (and, by extension, KEYC). The next closest market to there that I can see Gray taking a good shot at is Salisbury, MD - WBOC seems ripe for them. Quote Link to comment Share on other sites More sharing options...
scrabbleship 427 Posted May 4, 2017 Share Posted May 4, 2017 One that I correctly called...and an excellent purchase for them to build up the "inland" Northeast. Unfortunately, there isn't much left to take there, unless WNEP is forced to go back on the market due to conflicts, or they go after WWNY (and, by extension, KEYC). WWNY and KEYC would be perfect for them thinking about it. Quote Link to comment Share on other sites More sharing options...
NewsMaster 225 Posted May 4, 2017 Share Posted May 4, 2017 WWNY and KEYC would be perfect for them thinking about it. I have a feeling that Bob Prather's Heartland Media may be more interested in that pair. KEYC is often carried as an alternate CBS affiliate in parts of the Rochester, MN market (alongside KIMT in Mason City, Iowa, which Heartland owns), and WWNY would be their second station in upstate NY after WKTV in Utica. 4 Quote Link to comment Share on other sites More sharing options...
scrabbleship 427 Posted May 4, 2017 Share Posted May 4, 2017 I have a feeling that Bob Prather's Heartland Media may be more interested in that pair. KEYC is often carried as an alternate CBS affiliate in parts of the Rochester, MN market (alongside KIMT in Mason City, Iowa, which Heartland owns), and WWNY would be their second station in upstate NY after WKTV in Utica. Both are a good fit for either at this point and given Prather's past connections to Gray I wouldn't be shocked to see some swapping between the two going on eventually based on Gray presence. Prior to today, I actually had Heartland as #2 on my potential WCAX suitors list given how their coverage area and WKTV's touch in the Adirondacks (but not as much as in the analog era). 3 Quote Link to comment Share on other sites More sharing options...
atlnews2 515 Posted May 5, 2017 Share Posted May 5, 2017 WCAX says they are the last non-group CBS affiliate in the country. Is that true? if so it's a bittersweet day in local television http://www.wcax.com/story/35342251/wcax-sold-to-gray-television Quote Link to comment Share on other sites More sharing options...
A3N 989 Posted May 5, 2017 Share Posted May 5, 2017 WCAX says they are the last non-group CBS affiliate in the country. Is that true? if so it's a bittersweet day in local television http://www.wcax.com/story/35342251/wcax-sold-to-gray-television They're wrong. There's KFMB which is a locally/family owned CBS affiliate. 2 Quote Link to comment Share on other sites More sharing options...
CircleSeven 1804 Posted May 5, 2017 Share Posted May 5, 2017 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. The Diversified & Withers deals are still pending. The Diversified one didn't include a LMA when they filed the paperwork last month. I've made a discovery while reading the Q1 earnings report this morning (this was before they'd announce they acquiring WCAX). On February 16, 2017, we announced that we had agreed to acquire WABI-TV (CBS/CW) in the Bangor, Maine market (DMA 156) and WCJB-TV (ABC/CW) in the Gainesville, Florida market (DMA 161) (collectively, the "Diversified Acquisition") for a total purchase price of $85.0 million. On April 1, 2017, we began operating these stations, subject to the ultimate control of the seller, under a standard pre-closing local programming and marketing agreement (an "LMA"). On May 1, 2017, we completed the Diversified Acquisition, at which time the LMA expired. So they did operate the outlets under an LMA on April 1st. No wonder why they launched the websites so early. But was surprised they didn't place the LMA on the paperwork, like they did with the Withers deal. Now they're keeping up with the same LMA practice with the WCAX deal starting June 1. Is Gray going to scrape up every other Independent entity in the country? Some of y'all mentioned the United stations. If I had my way, I would piecemeal it. Give Prather KEYC, and give Gray WWNY. But both Watertown & Mankato marekts are closer to the incumbent Prather markets (Utica & Rochester, MN) even though Plattsburgh, NY (which is in the Burlington market) and Watertown are both closer to the Canadian border. But should United sell its stations wholesale, then I would say Gray over Prather. Quote Link to comment Share on other sites More sharing options...
GoldenShine9 1445 Posted May 5, 2017 Share Posted May 5, 2017 They're wrong. There's KFMB which is a locally/family owned CBS affiliate. KFMB is outside Gray's size range as well, but someone else may want it. Quote Link to comment Share on other sites More sharing options...
GoldenShine9 1445 Posted May 5, 2017 Share Posted May 5, 2017 I've made a discovery while I read the Q1 earnings report this morning (this was before they'd announce they getting WCAX). So they did operate the outlets under an LMA on April 1st. No wonder why they launched the websites so early. But was surprised they didn't place the LMA on the paperwork, like they did with the Withers deal. Now they're keeping up with the same LMA practice with the WCAX deal starting June 1. Is Gray going to scrape up every other Independent entity in the country? Some of y'all mentioned the United stations. If I had my way, I would piecemeal it. Give Prather KEYC, and give Gray WWNY. But both Watertown & Mankato marekts are closer to the incumbent Prather markets (Utica & Rochester, MN) even though Plattsburgh, NY (which is in the Burlington market) and Watertown are both closer to the Canadian border. But should United sell its stations wholesale, that I would say Gray over Prather. Gray does have one major advantage: looking at the remaining independent entities, NONE of them are in Gray markets from what I can tell. The limitations are the paperwork mess acquiring each and every one (time consuming) and there are at least 3 markets that have multiple independent entities (Salisbury, Paducah-Cape Girardeau and Fort Myers-Naples, maybe a couple more) of which they can only take one. Gray has nothing in Minnesota, which is another limiting factor towards KEYC, and few prospects due to the fact Hubbard and Quincy are the leading companies in that state. WWNY might be isolated as well, since Nexstar and Sinclair pretty much have the rest of upstate New York sewn up (and the markets may be too large for them anyway). Unless Sinclair or Nexstar acquires Tribune and Gray scoops up WNEP in a forced divestiture, there will likely be a forced gap in their coverage between northern New England and, at a minimum, the Delmarva. In the Speculatron, I posted the following stations remain independent (may be a few others): KFMB KIEM (?) KJTV KOBI+ KOMU (special case) KRGV KTBS WBOC WBRZ WFMJ WINK WMDT WOAY WPSD WRAL/WRAZ WSIL WWTV+/WFQX+ Of those, NONE are in Gray markets. I think Gray might want all of them except: * KFMB and WRAL/WRAZ, too big and too expensive for them * KOBI+, KJTV and WMDT, they are laggards in their markets (last place among news outlets) * KIEM, would be isolated in the portfolio with no west coast stations and few prospects * Although KOMU would fit very well with Gray, would Mizzou really give it up? At a minimum, a "reverse LMA" would be kept probably with the news operation outsourced back to the school. * Since Paducah/Cape Girardeau have two stations on the list and both rank up there, obviously they can only take one of them. Quote Link to comment Share on other sites More sharing options...
atlnews2 515 Posted May 5, 2017 Share Posted May 5, 2017 They're wrong. There's KFMB which is a locally/family owned CBS affiliate. how could I forget about KFMB. Thank you 4 Quote Link to comment Share on other sites More sharing options...
A3N 989 Posted May 5, 2017 Share Posted May 5, 2017 how could I forget about KFMB. Thank you It's not on you to get the info right. They decided to do a write up touting the change, the least they could have done is taken less than 30 seconds to google other non-group/family owned CBS affiliates and the info would have popped up. 1 Quote Link to comment Share on other sites More sharing options...
scrabbleship 427 Posted May 5, 2017 Share Posted May 5, 2017 Gray has nothing in Minnesota, which is another limiting factor towards KEYC, and few prospects due to the fact Hubbard and Quincy are the leading companies in that state. They have nothing in Minnesota but the state is surrounded otherwise especially to Mankato's west with KVLY and KSFY. This could be a good foothold especially if a Hubbard suitor doesn't want KAAL and WDIO/WIRT. WWNY might be isolated as well, since Nexstar and Sinclair pretty much have the rest of upstate New York sewn up (and the markets may be too large for them anyway). The Watertown and Burlington markets border each other so it isn't as bad as it seems but otherwise...no. Unless Sinclair or Nexstar acquires Tribune and Gray scoops up WNEP in a forced divestiture, there will likely be a forced gap in their coverage between northern New England and, at a minimum, the Delmarva. I think if anyone gets divested in Scranton, it's WOLF. Whether Gray would take that if offered would be a massive question mark. There are bigger coverage gaps out there in the Northeast: Hubbard from Rochester to Minneapolis, Meredith from Hartford to Saginaw, Tegna from Portland to Buffalo/DC, Quincy from Binghamton to Fort Wayne. Gray wouldn't be alone there. In the Speculatron, I posted the following stations remain independent (may be a few others): * KOBI+, KJTV and WMDT, they are laggards in their markets (last place among news outlets) * KIEM, would be isolated in the portfolio with no west coast stations and few prospects KOBI: Notice how Gray and Heartland don't overlap. I think there is a reason for this so that when the time comes, Gray can take Heartland in as a clean deal. Then again, the Medford and Reno markets do technically border each other and Gray is in Reno. KIEM: This has Heartland written all over it, especially with their presence in Medford and Redding. Quote Link to comment Share on other sites More sharing options...
tyrannical bastard 3058 Posted May 5, 2017 Share Posted May 5, 2017 I wonder what the deal with Bob Prather leaving Gray was all about. Was there bad blood with him and the board? If so, he may be resistant to ever consider being swallowed up by his former company. Quote Link to comment Share on other sites More sharing options...
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