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Nexstar Acquires 75% of The CW


Georgie56

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Whose Line will film its 20th season in January, and 11th and final season for The CW...surprised at this one because it was reasonable and cost-effective to film, but obviously it wasn't going to stay on the Perry version of the network unless it filmed in Branson or some other cheap tourist hell.

 

 

Edited by mrschimpf
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13 hours ago, mrschimpf said:

Whose Line will film its 20th season in January, and 11th and final season for The CW...surprised at this one because it was reasonable and cost-effective to film, but obviously it wasn't going to stay on the Perry version of the network unless it filmed in Branson or some other cheap tourist hell.

 

 

 

Knowing the way revivals are big these days, I wouldn't be surprised to see Whose Line come back eventually, plus of how cheap it is to produce. Maybe ABC can give it another go alongside its other game shows.

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On 11/5/2022 at 2:12 PM, Newsjunkie24 said:

 

Knowing the way revivals are big these days, I wouldn't be surprised to see Whose Line come back eventually, plus of how cheap it is to produce. Maybe ABC can give it another go alongside its other game shows.

 

Wasn't it already a revival?

 

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As confirmed during a investment firm conference earlier today, Nexstar will use the proceeds -- $155 million of net cash -- from the sale of its Chicago property the Freedom Center (to Bally's for a future billion-dollar casino on the site) to invest in operations of The CW. (The pending sale was already publicly disclosed recently.)

 

https://deadline.com/2022/11/nexstar-cw-investment-funded-by-proceeds-from-sale-chicago-property-casino-1235173891/

Edited by Action Newsroom
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1 hour ago, Action Newsroom said:

As confirmed during a investment firm conference earlier today, Nexstar will use the proceeds -- $155 million of net cash -- from the sale of its Chicago property the Freedom Center (to Bally's for a future billion-dollar casino on the site) to invest in operations of The CW.

I would not have thought a printing plant sale to fund a television network resulting in a Chicago paper being printed in Milwaukee and Milwaukee paper being printed in Peoria would have been a result of the Tribune/Nexstar merger...but here we are!

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2 hours ago, tyrannical bastard said:

Now if Nexstar wasnt in BILLIONS of dollars in debt, they should have held out and leased the land to Bally for them to build the casino on, but as we saw with the CBS negotiations earlier this year where WJMN was stripped, Uncle Perry isn't a very good poker player...

It's a rock and a hard place situation though; the Illinois Gaming Board likely requires casino land to be purchased outright and owned (and for some part of it to touch some form of water; even the Des Plaines Rivers casino has stilts with water below its original building), and they've been extremely strict about where casinos in the Chicago area can go and this one will have to be over some water, thus this location (this in-city license was being talked about in the 90s and been under consideration that long).

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4 hours ago, mrschimpf said:

It's a rock and a hard place situation though; the Illinois Gaming Board likely requires casino land to be purchased outright and owned (and for some part of it to touch some form of water; even the Des Plaines Rivers casino has stilts with water below its original building), and they've been extremely strict about where casinos in the Chicago area can go and this one will have to be over some water, thus this location (this in-city license was being talked about in the 90s and been under consideration that long).

 

That rule has been relaxed, to where even the downtown/riverfront Aurora and Joliet casinos have inked plans to move near their respective expressways.

Edited by 24994J
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15 hours ago, Megatron81 said:

Nexstar will have full control in 2024 they got $54 million who wouldn't want to take it I know I would do that deal in a hart beat.

 

That's assuming they're still solvent by that time, which, given their PE and debt ratios combined with rising interest rates may be an issue by 2024.

Edited by ABC 7 Denver
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