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Waterman Selling WBBH To Hearst


Georgie56

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9 hours ago, Recovering Producer said:

The FCC paperwork makes it very clear: Hearst agreed to buy the option to purchase WZVN that Waterman held should it become legal for them to do so. Any talk of an outside sale is pure fantasy.

 

Exactly. That's probably a big reason why the price is over $200M as well. If it was only WBBH and not the LMA as well, it would likely have been around $125M to $150M I would think.

 

I know the market is over twice the size, but what was the purchase price when Tegna acquired KFMB in San Diego? That was the last large market standalone station sold that I can think of.

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On 5/23/2023 at 2:31 PM, CubsFan79 said:

Is WZVN TV included.

Yes it is included according to NBC 2's website. Surprisingly they run two news operations on at competing times instead of similcasting or reducing the other to a junior station.

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I'll be interested in seeing if WBBH gets the current standard Hearst TV station website design, which is several years old now, or if the company is planning on using them to launch a new design.

 

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On 5/23/2023 at 11:31 AM, CubsFan79 said:

Is WZVN TV included.

 

The best way to phrase that is that the license is not, but Hearst replaces Waterman as its service provider and will handle all the operations under (an amended version of) the original 1994 LMA.

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12 hours ago, Samantha said:

 

The best way to phrase that is that the license is not, but Hearst replaces Waterman as its service provider and will handle all the operations under (an amended version of) the original 1994 LMA.

 

Wouldn't it be better to just lease time on one of these sidecar stations? Or does the FCC not allow that?

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On 7/1/2023 at 11:10 AM, CircleSeven said:

Well its a dawn of brand new day at WBBH. Hearst completed its acquisition of the station yesterday (6/30).

 

It'll be interesting to see what WBBH's website looks like when it gets relaunched. Hearst's station sites are due for a redesign.

 

It's a shame Waterman sold WVIR a few years ago; Hearst could've acquired that station, too.

 

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