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Byron Allen buys KITV for $30 million


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I think the biggest deal out of all of this is that the D.C. News Bureau is included in the deal.

 

It's going to be interesting to see what Allen does with the bureau.

 

Otherwise this is a good pickup for Allen.

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3 hours ago, oknewsguy said:

I think the biggest deal out of all of this is that the D.C. News Bureau is included in the deal.

 

It's going to be interesting to see what Allen does with the bureau.

 

Otherwise this is a good pickup for Allen.

Why would Lilly/SJL want to get rid of their D.C. bureau? They have other stations, too. I thought one of their big "missions" was local reporting like this.

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30 minutes ago, jbnews said:

Why would Lilly/SJL want to get rid of their D.C. bureau? They have other stations, too. I thought one of their big "missions" was local reporting like this.

When I read the article and saw that I was thinking "why would they do that?" I think the reason why may be that I think Lilly/SJL may be getting ready to cash out completely and getting rid of the D.C. Bureau is one of the signs that I see that Lilly/SJL as a whole may be going on the block pretty soon.

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9 hours ago, jbnews said:

Why would Lilly/SJL want to get rid of their D.C. bureau? They have other stations, too. I thought one of their big "missions" was local reporting like this.

I think that was a mistake and/or unclear writing by Deadline. This Pacific Business News article doesn't mention the D.C. bureau, and RBR's article about the sale mentions the station has access to a D.C. bureau:

Quote

For “Island News,” there’s access to a Washington, D.C.-based news bureau and correspondent. It is unclear if this will continue following the station’s sale.

I don't think Allen is getting the D.C. bureau as part of the acquisition.

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9 minutes ago, ScottJ said:

I think that was a mistake and/or unclear writing by Deadline. This Pacific Business News article doesn't mention the D.C. bureau, and RBR's article about the sale mentions the station has access to a D.C. bureau:

I don't think Allen is getting the D.C. bureau as part of the acquisition.

 

Might it be easier to sell the bureau with the condition that WENY and WICU/WSEE still have access to it?

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1 hour ago, ScottJ said:

I think that was a mistake and/or unclear writing by Deadline. This Pacific Business News article doesn't mention the D.C. bureau, and RBR's article about the sale mentions the station has access to a D.C. bureau:

I don't think Allen is getting the D.C. bureau as part of the acquisition.

Oooh. Thanks for clearing that up.

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