Station Trading Roundup: 1 Deal, $200,000
The purchase of KPPI-LD Garapan-Saipan, Northern Mariana Islands by DB Media tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.
Station Trading Roundup: 3 Deals, $20,600,000
The purchase of 12 stations, by Coastal TV Broadcasting tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.
Red River Broadcast Co., the owner of Fox affiliates KVRR Fargo, N.D., and KQDS Duluth, Minn., is selling the stations to Coastal Television. Coastal operates 10 TV stations in Alaska, Wyoming, New York, Mississippi, Tennessee, Arkansas and Indiana.
Station Trading Roundup: 1 Deal, $8,900,000
The purchase of WIWN Fond du Lac, Wis., by Family Worship Center Church Inc. tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.
Station Trading Roundup: 1 Deal, $1,200,000
The purchase of WJYL-CD Jeffersonville, Ind., by Bridge News tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.
Station Trading Roundup: 1 Deal, $20,000
The purchase of K26CV-D Ogallala, Neb., by Flood Communications tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.
Station Trading Roundup: 1 Deal, $100,000
The purchase of WQHI-LD Myrtle Beach, S.C., by Daystar TV Network tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.
Station Trading Roundup: 2 Deals, $1,500,000
The purchase of four low-power stations by Bridge News tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.
Station Trading Roundup: 3 Deals, $4,500,000
The purchase of four stations by Bridge News LLC tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.
Reports that Disney CEO Bob Iger is in talks to sell the ABC network are greatly exaggerated, according to sources — and some have a hard time seeing how a deal gets done at all. Insiders emphasize that no banker has been hired and no sales book is circulating. As for reported potential buyer Nexstar, the TV station conglomerate isn’t in a good position to pay what Disney would likely be asking for ABC, according to sources close to the situation.
The storied television network and its stations have been part of Disney for 27 years. But the company’s streaming ambitions may put the unit on the block.
Station Trading Roundup: 5 Deals, $19,700,000
The purchase of three Michigan stations by Morgan Murphy Media tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.
The Disney-owned newsroom was jolted on Thursday after a report suggested that the outlet could soon be expelled from the Magic Kingdom. Bloomberg’s Christopher Palmeri and Thomas Buckley reported that Disney has “held exploratory talks” about selling ABC to Nexstar Media Group. The duo also reported that media mogul Byron Allen has also spoken with Disney about a possible deal.
The Walt Disney Co. said in a statement Thursday that it is “open to considering a variety of strategic options for our linear businesses,” but shot down a report that it was in active discussions to sell its ABC broadcast network and stations. “At this time The Walt Disney Company has made no decision with respect to the divestiture of ABC or any other property and any report to that effect is unfounded,” the statement continued.
Comedian and media mogul Byron Allen has made a $10 billion offer for ABC and other linear networks owned by the Walt Disney Co., a spokesman for Allen and Allen Media Group confirmed. TV station owner Nexstar, which bought the CW Network, also has expressed interest in buying ABC and its stations from Disney.
The purchase of eight stations from Marks Media Group includes WBKB-TV, WBUP-TV and WBKP-TV.
Walt Disney Co. has held exploratory talks about selling its ABC network and TV stations to local broadcaster Nexstar Media Group Inc., according to people familiar with the discussions. The talks are preliminary and haven’t involved a specific valuation, according to one of the people, who asked not to be identified because the discussions aren’t public. Nexstar would only be interested at the right price. A spokesperson for Nexstar declined to comment.
Tom Carter, a longtime former Nexstar exec who is now a senior adviser to the CEO and board of directors, says the company could acquire Disney’s local ABC-TV stations with “little friction” if they become available.
Station Trading Roundup: 2 Deals, $500,000
The purchase of KMJD-LD and K26DD-D Kalispell, Mont., by Valley Broadcast Network tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.
Station Trading Roundup: 2 Deals, $8,447,180
The purchase of WHTV-LD New York by Bridge News tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.
Station Trading Roundup: 5 Deals, $4,230,000
The purchase of WVCC-LD Westmoreland, N.H., by Bridge News tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.
Station Trading Roundup: 1 Deal, $50,000
The purchase of KEVA-LD Boise, Idaho, by Roseland Broadcasting tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.
If Disney Sells Off TV, It Won’t Be Simple
If CEO Bob Iger follows through on his desire to sell off the company’s linear TV business, the sale is likely to happen in pieces, experts say, and any potential buyer among broadcasters faces numerous complications.
Station Trading Roundup: 2 Deals, $20,000
The purchase of KHWB-LD Eugene, Ore., by Channel 18 LLC tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.
FCC Nixes Another Deal With Deafening Silence
Fargo, N.D.-based Forum Communications has learned the hard way just how much this FCC hates broadcast deals of any size.
The addition of NBC affiliate adds a 12th NBC affiliate to the Hearst station group. Hearst will now operate two NBC and two ABC stations in Florida.
Station Trading Roundup: 1 Deal, $1,060,000
The purchase of KTVV Hot Springs, KHMF-LD Fort Smith and KKAF Fayetteville, all Arkansas, by Bridge News tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.
The American Television Alliance says the purchase would give operational control of the Detroit MyNetworkTV affiliate to Nexstar, in violation of federal ownership rules.
The purchase of W36EX-D Alton, Ill., by Bridge News tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.
Station Trading Roundup: 1 Deal, $1,550,000
The purchase of KVVV-LD Houston by Bridge News tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.
A deal for Forum Communications Company to acquire Fox affiliates KVRR Fargo, N.D., and KQDS Duluth, Minn., has come undone. The deal failed to materialize as both Forum Communications and Red River Broadcasting awaited what is called a “Big Four waiver request” from the FCC. The waiver would have allowed Forum to acquire a second “Big Four” network affiliate in the Fargo market.
Station Trading Roundup: 2 Deals, $275,000
The purchase of W33ER-D Augusta, Ga., by Bridge News tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.
In Killing Kim’s Deal For Tegna, The FCC Showed Its Prejudice
Thwarted in his bid to buy Tegna by an overlong and deal-breaking FCC review process, Soo Kim (and his right hand Deb McDermott) is indeed a victim of prejudice and discrimination. Only it’s probably not the sort you may think.
Station Trading Roundup: 1 Deal, $1,000,000
The purchase of WSNN-LD Sarasota, Fla., by Nexstar Media Group tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.
Station Trading Roundup: 1 Deal, $75,000,000
The purchase of WADL Detroit by Mission Broadcasting tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.
Television station operator Tegna Inc. said on Monday it has terminated its merger agreement with hedge fund Standard General after several regulatory hurdles. Tegna last year agreed to be taken private by Standard General in a deal valued at $8.6 billion, including debt. At the time, the acquisition was expected to close in the second half of 2022. However, the deal attracted criticism from some members of Congress on concerns of potentially higher TV prices for consumers and job losses. Then, in February, the FCC decided to hold a hearing on the hedge fund’s bid in a step that has historically led deals to collapse.
The purchase of the MNT affiliate from Adell Broadcasting gives Mission its 30th station and its second in Michigan.
Station Trading Roundup: 1 Deal, $600,000
The purchase of three low-power stations by Gray Television tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.
Station Trading Roundup: 3 Deals, $35,605,000
The purchase of KUSI San Diego, by Nexstar Media Group tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.
It’s paying $35 million to McKinnon Broadcasting to add the independent to its station portfolio that already includes the market’s Fox affiliate, KWSB.