CircleSeven 1804 Posted May 18 Share Posted May 18 (edited) With CBS dropping the CW on WKBD, looks like Nexstar "might" have found a new home.... Looking at this paperwork, Adell Broadcasting is selling WADL to Mission Broadcasting for $75M. Nexstar will provided services to WADL, including an SSA, an option agreement, and sell of commercial time. Quote 1. An Agreement for the Sale of Commercial Time, pursuant to which Nexstar will sell advertising on WADL. 2. A Station Services Agreement (“SSA”), pursuant to which Nexstar will provide certain services to Mission in connection with the operation of WADL. Among other things, the SSA contains a delegation by Mission to Nexstar of authority to negotiate retransmission consent for the station. This is permissible under FCC rules because Nexstar owns no television stations in the Detroit, MI DMA, where WADL operates. 3. An Option Agreement pursuant to which Nexstar may acquire the license and assets of WADL subject to FCC consent. Edited May 18 by CircleSeven 4 Quote Link to comment Share on other sites More sharing options...
GoldenShine9 1446 Posted May 18 Share Posted May 18 I think that appears to be the case. I'm sure Nexstar would love a news-producing outlet there, but that is virtually impossible. I know Nexstar is capped out. Quote Link to comment Share on other sites More sharing options...
mrschimpf 1634 Posted May 18 Share Posted May 18 Kevin Adell certainly bided his time and got the result he wanted; he probably gets to keep a couple subchannels for the Word Network and Sonlife/whatever he wants, Nexstar gets a station in the state's prime market (and no more sub-deals for debates for Detroit coverage), and Adell no longer has to deal with the headaches of running a TV station to focus on 910. If WMYD would've taken the CW, they would've by now and LIV wouldn't be in the WDIV subchannel purgatory. 3 Quote Link to comment Share on other sites More sharing options...
tyrannical bastard 3060 Posted May 18 Share Posted May 18 (edited) Makes me wonder if Nexstar or Mission is trying to fill out their presence in the top markets. They would have to play the "mission" card if there was a full-powered station they wanted to get their hands on. Otherwise, they could stumble onto a Class A station, which Nexstar could acquire outright, and if it was part of a channel sharing arrangement with a full-powered station, all the better. If such a station existed in Atlanta, there's your new CW station right there. Edited May 18 by tyrannical bastard 4 Quote Link to comment Share on other sites More sharing options...
CircleWXYZ 128 Posted May 18 Share Posted May 18 Just heard about this. Wow!!! Quote Link to comment Share on other sites More sharing options...
GoldenShine9 1446 Posted May 18 Share Posted May 18 3 hours ago, tyrannical bastard said: Makes me wonder if Nexstar or Mission is trying to fill out their presence in the top markets. They would have to play the "mission" card if there was a full-powered station they wanted to get their hands on. Otherwise, they could stumble onto a Class A station, which Nexstar could acquire outright, and if it was part of a channel sharing arrangement with a full-powered station, all the better. If such a station existed in Atlanta, there's your new CW station right there. They could talk to CBS about acquiring WUPA there. Also that could be a way to fill market gaps as well. Quote Link to comment Share on other sites More sharing options...
Georgie56 2801 Posted May 22 Share Posted May 22 It appears Adell was under investigation for missing taxes. 2 1 Quote Link to comment Share on other sites More sharing options...
RaleighTVBOI1 47 Posted May 23 Share Posted May 23 WADL has a talk News show, don’t know if a full fledged news department would work especially with the recent addition of WWJ CBS News Detroit. But go for it WKBD losing CW they can take the 10pm news legacy. 1 Quote Link to comment Share on other sites More sharing options...
Megatron81 144 Posted May 23 Share Posted May 23 I didn't see Mission buying WADL which will be branded CW38 guessing MYNet TV will be aired late at night. Quote Link to comment Share on other sites More sharing options...
Yankees4life 504 Posted May 23 Share Posted May 23 3 hours ago, Megatron81 said: I didn't see Mission buying WADL which will be branded CW38 guessing MYNet TV will be aired late at night. Yeah...basically. Either that or WJBK scoops it up and put it on 2.2 Quote Link to comment Share on other sites More sharing options...
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