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Standard Media to acquire both Waypoint Media Group and Vision Communications


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Since Sheldon Galloway has his other stations (WLAJ and WXXA) tied to Nexstar, could we possibly see WMDN being tied into WJTV and WHLT which are both Nexstar-owned CBS affiliates?

 

The way WHLT is being ran, what's another station to run WJTV's newscasts on and run the whole show out of Jackson?

 

It wouldn't be the first time, as WGBC's predecessor WLBM was a satellite of WLBT in Jackson, and ran until the station had a fire in the early 90s....

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Since all three are separate markets, Sheldon Galloway could foreseeably turn the keys over to Nexstar (WJTV) and have them take over WMDN, much like they run WHLT down in Hattiesburg. 

A separate schedule of market-specific programs and commercials, and the full slate of WJTV newscasts with a WMDN bug pasted over it.  Nexstar largely gave up trying to produce local segments in Hattiesburg (or even FOR Hattiesburg) and just simulcasts WJTV for the most part now.

 

Ownership-wise, Nexstar could possibly squeeze in this station, since it's a tiny fraction of a percent due to Meridian's market size and the UHF discount.  But that may be a ways off as Nexstar is still trying to digest Tribune and may have other swaps and options they are pursuing first...cough cough.....WPIX....cough cough.  Without being maxed out, WMDN is free and clear since Meridian is a totally separate market.

 

The end result could possibly be a third news option in tiny Meridian, even if it is piped in from Jackson.  Adding in more counties to WJTV's "coverage" area news-wise would dilute their coverage even further. 

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I'm bumping this thread to let all of you know that this transaction is still active. And It has yet to close.

 

The parties have filed their third extension of consummation. That basically means filing for extension of time to complete the sale.

 

They wrote their reasoning for this extension:

Quote

The parties are committed to working towards a closing. However, there remain a few outstanding issues to be resolved before the closing can take place. The parties expect to consummate this transaction in the near term.


But this is basically the same thing they wrote when they filed their second extension in August.

 

So. What's the hold up? What "outstanding issues" need to be "resolved" to get this deal to the finish line? Will this deal ever close? We'll see what happens.

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10 hours ago, CircleSeven said:

I'm bumping this thread to let all of you know that this transaction is still active. And It has yet to close.

 

The parties have filed their third extension of consummation. That basically means filing for extension of time to complete the sale.

 

They wrote their reasoning for this extension:


But this is basically the same thing they wrote when they filed their second extension in August.

 

So. What's the hold up? What "outstanding issues" need to be "resolved" to get this deal to the finish line? Will this deal ever close? We'll see what happens.

I wonder if they let COVID get in the way of closing the deal on time. 

 

Because I did read from your post back on February 13th that the FCC did greenlight the deal they had at least a month to complete the deal before the COVID shutdowns took place that's enough ample time for them to do so.

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