Cox Puts Four TV Stations on Block After Acquiring Four From Newport
Stations in El Paso, Johnstown, Reno and Steubenville, Ohio, go on market
By Michael Malone -- Broadcasting & Cable, 7/20/2012 2:05:04 PM
Cox has also put its radio outlets in Birmingham, Greenville, Hawaii, Louisville, Richmond and southern Connecticut on the block.
"This simplified structure will enable CMG to capitalize on continued growth and synergies, while retaining its size financially," said CMG president Doug Franklin. "All of our media outlets, regardless of size, are valuable, profitable brands with strong futures thanks to the hard work and dedication of our talented professionals who serve their audiences, advertisers and communities. We thank the leaders and employees in the locations we're selling for their outstanding contributions to this company over the years and the valuable service they will continue to provide their respective communities."
CMG is also realigning its leadership structure to "provide even more focus on the specific media platforms (newspaper, radio, TV), while continuing to drive collaboration and growth," it said in a statement. Former Group VP Kim Guthrie is now CMG's senior VP for radio, and former Austin American-Statesman Publisher Jane Williams is the new senior VP for TV. Both report to Bill Hoffman, executive VP of broadcast.
"Our new business realignment enables us to simplify our structure and continue our strategic initiatives of driving cash flow, extending our strong local brands into digital, and continuing the development of our talented people," said Franklin. "We will also continue to bolster our core portfolio with new, high-growth initiatives that focus on emerging advertising and scalable content."
Given WTOV's reach into multiple markets including Pittsburgh, I could see them going to Gray, maybe Nexstar. Wishful tinking would be Scripps, but I know that won't happen.
WJAC can't "legally" go to Nexstar since the already own WTAJ (10 CBS)but they could do a Mission Brodcasting scam, but that would leave WATM ABC23 and WWCP Fox 8 out in the cold newswise.
that guy - 8/20/2012 11:08:25 PM EDT
Don't know if Meredith would be able to acquire the Reno Fox affiliate... and owning the Las Vegas Fox affiliatte. Don't about the El Paso Fox affiliate. Don't know if Post-Newsweek would be interested in owning 2 more VHF stations in the form of WJAC and WTOV.
In the case of Newport stations... I see Scripps or Allbritton wanting WHAM.
Eric - 7/20/2012 6:50:13 PM EDT
No related content found.
Most Popular Pages
No Top Articles