News Articles

Private Property

Broadcasting moves away from Wall Street 4/13/2007 08:00:00 PM Eastern

Since November, four of the country’s biggest station groups—Ion, Univision, Tribune Co. and Clear Channel—have announced plans to be acquired by private-equity firms.

In February, CBS sold seven of its stations to private equity firm Cerberus Capital Management for $185 million.

And two more groups that aren’t among Broadcasting & Cable’s Top 25 Station Groups—The New York Times Co. and Bluestone Television—are taking shelter under a private-equity umbrella.

More than half of the companies on the annual B&C list changed rank. CBS fell to No. 2 (exchanging places with Fox) because of the sale of seven stations. E.W. Scripps dropped from 11th to 16th because it sold off several stations that were part of the Shop at Home network it abandoned. But on next year’s list at least eight stations will be privately held, double this year’s number.

“Wall Street has walked away from broadcast investments because they don’t see the growth that the industry has had over the past 20-30 years,” says Larry Patrick, president of station brokerage Patrick Communications. “Growth has slowed, but broadcasting is a tremendously high free-cash-flow business. If you are a big hedge fund or a private-equity fund and you have $10 billion-$20 billion, you have to find places to park that. A television company has 35%-40% operating margin. You can’t put your money in anything else that gets that kind of return.”

Privately owned broadcasters don’t have to keep making deals to make their stock grow. The firm can quietly grow its investment for several years and then sell it for a 20%-plus profit, a perfectly acceptable return for private firms.

Second, private equity typically doesn’t invest much cash in these deals. That significantly reduces the risk for the investor, although it can increase pressure on the assets if the deal is over-leveraged.

Private investors tend to approach these deals conservatively, protecting themselves and the assets from excessive risk. “The really good hedge funds don’t over-borrow,” says Patrick. If they do, he says, “then all you’ve done is create a giant bankruptcy.”

For example, he explains, he recently sat in a meeting in which investors were told by the bank that they could invest $150 million in broadcast properties valued at $800 million and have no problem covering the debt. But they decided it was better to put $300 million down and finance the rest.

That example also reveals the trick to the leveraged buyout: Invest the right amount of cash, borrow against a company’s assets and then grow the company while servicing the debt using the assets’ cash flows. If the investors in the example sell their new company in five years for $1.4 billion, as they expect to, they will earn $1.1 billion profit on their initial investment.

TV stations are not like real estate. They have to be well run in order to increase in value. In today’s digital world, that has become a tricky proposition.

Most private-equity firms understand that, says Randy Bongarten, chairman/CEO of Bonten Media Group, which in November teamed with private-equity firm Diamond Castle to buy the Bluestone Television group of eight full-power and two low-power stations for $230 million.

“Private-equity firms own businesses in every segment of the economy,” Bongarten says, “and they are experts at evaluating potential and finding people to run them.”

The move to privatizing stations might be advantageous for some broadcast groups, says Scott Schneider, chairman of media and communications and an operating partner of Diamond Castle: “I think it’s wonderful for TV broadcasters because they are moving into the hands of very strong, dedicated operating management whose sole focus is the rebuilding, rebranding and remarketing of these television stations. For many of the big media conglomerates, these stations were either an afterthought or at best a stepchild.”

Schneider insists that private ownership won’t lead to poor performance. Even under private-equity rule, television stations will continue to be compelled to serve their communities: “Content is still the driver of value in the media business. And there’s been a resurgence in terms of viewer loyalty. I don’t think we have seen viewer loyalty this strong ever; it’s driving American culture. The ability to be the preferred outlet for that content is an opportunity that creates tremendous value.”

The Big Deals
Five recent transactions will create new privately owned TV groups
MEDIA COMPANY BUYER VALUE
Source: B&C research
CBS Corp. (7 stations) Cerberus Capital Management $185.0M
Ion Citadel Investment Group $2.4B
Tribune Co. Sam Zell $8.4B
Univision Broadcasting Media Partners, a consortium led by Texas Pacific Group and Thomas H. Lee Partners and including Madison Dearborn, Providence Equity and Saban Capital Group $12.3B
Clear Channel Thomas H. Lee Partners, Bain Capital $26.7B

How They Were Ranked

The Top 25 Station Groups in B&C’s annual list are ranked according to the percentage of U.S. TV homes they reach. Measured by Nielsen Media Research, this is calculated in two ways. Total coverage assumes the station reaches everyone in the Designated Market Area (DMA). The FCC, meanwhile, discounts by half the reach of UHF stations, those using channels 14 and above. B&C ranks groups according to the FCC method but also shows total coverage. If a group owns more than one station in the market, the additional coverage is not counted.

BIA Financial Network provided baseline data, compiling the list of stations and computing coverage. It also provided affiliate status for stations and channels. The station listing includes BIA data for deals announced before March 8; subsequently announced transactions are noted where possible.

Each group’s list includes wholly owned stations and those run under local marketing agreements. Data for those operated under time-brokerage deals were not available, and they are excluded from the Top 25, as are joint sales and joint marketing agreements. Digital stations, low-power stations, satellite stations, translators, and stations with only cable distribution are left out because their coverage is duplicative. Thus, a group’s station list may differ significantly from that on its Website.

The data for the rankings and listings was compiled from BIA and company sources by Paige Albiniak and George Winslow during a four-week period in March and April.

1. Fox Television Stations NWS

(subsidiary of News Corp. Ltd.)
36.60% coverage (FCC)
35 stations
44.70% coverage (total)
1211 Avenue of the Americas, 21st Floor
New York, NY 10036
Phone: 212-301-5400
Website: www.newscorp.com
K. Rupert Murdoch, chairman, News Corp.
Roger Ailes, chairman, Fox Television Stations
Jack Abernethy, CEO, Fox Television Stations
Dennis Swanson, president, Fox Television Station Operations

Station Market (affiliate, ch.) DMA FCC% Coverage Total%
WNYW New York (Fox, 5) 1 6.616 6.616
WWOR New York (My, 9) 1
KTTV Los Angeles (Fox, 11) 2 5.039 5.039
KCOP Los Angeles (My, 13) 2
WFLD Chicago (Fox, 32) 3 1.552 3.103
WPWR Chicago (My, 50) 3
WTXF Philadelphia (Fox, 29) 4 1.321 2.642
KDFW Dallas-Ft. Worth (Fox, 4) 6 2.136 2.136
KDFI Dallas-Ft. Worth (My, 27) 6
WFXT Boston (Fox, 25) 7 1.065 2.130
WTTG Washington (Fox, 5) 8 2.041 2.041
WDCA Washington (My, 20) 8
WAGA Atlanta (Fox, 5) 9 1.981 1.981
KTXH Houston (My, 20) 10 0.890 1.780
KRIV Houston (Fox, 26) 10
WJBK Detroit (Fox, 2) 11 1.741 1.741
WTVT Tampa-St Petersburg, Fla. (Fox, 13) 12 0.789 1.577
KSAZ Phoenix (Fox, 10) 13 1.549 1.549
KUTP Phoenix (My, 45) 13
KMSP Minneapolis-St. Paul (Fox, 9) 15 1.507 1.507
WFTC Minneapolis-St. Paul (My, 29) 15
WJW Cleveland-Akron, Ohio (Fox, 8) 17 1.381 1.381
KDVR Denver (Fox, 31) 18 0.643 1.286
WOFL Orlando-Daytona Beach, Fla. (Fox, 35) 19 0.627 1.254
WRBW Orlando-Daytona Beach, Fla. (My, 65) 19
KTVI St. Louis (Fox, 2) 21 1.104 1.104
WUTB Baltimore (My, 24) 24 0.493 0.985
WDAF Kansas City, Kan.-Mo. (Fox, 4) 31 0.820 0.820
WITI Milwaukee, Wis. (Fox, 6) 34 0.793 0.793
KSTU Salt Lake City, Utah (Fox, 13) 35 0.377 0.754
WBRC Birmingham, Ala. (Fox, 6) 40 0.650 0.650
WHBQ Memphis (Fox, 13) 44 0.299 0.597
WGHP Greensboro-High Point, NC (Fox, 8) 47 0.593 0.593
KTBC Austin, Tex. (Fox, 7) 52 0.541 0.541
WOGX Gainesville, Fla. (Fox, 51) 162 0.054 0.107

OTHER MEDIA INTERESTS: Fox Television Network; MyNetworkTV; Fox Entertainment; Fox Television Studios; 20th Century Fox Television; Twentieth Television; 20th Century Fox; cable channels include Fox News Channel, Fuel, Fox Movie Channel, FX, Speed Channel, Fox College Sports, Fox Reality, Fuel TV, Fox Sports en Español, Fox Sports Net, Fox Soccer Channel, 50% of National Geographic Channel; largest shareholder in Gemstar Guide International; controlling shareholder of DirecTV Group; international DTH platforms (BSkyB, Star TV, etc.); 175 newspapers; HarperCollins and other book imprints; MySpace.com; Intermix; ign.com; Fox.com and Websites for channels and newspapers

2. CBS Corp. CBS, CBS A

35.76% coverage (FCC)
27 stations
38.73% coverage (total)
CBS Corp.
51 West 52nd St.
New York, NY 10019
Phone: 212-975-4321
Website: cbslocal.com; www.cbscorporation.com
Sumner M. Redstone, chairman

Leslie Moonves, president/CEO
Tom Kane, president/CEO, CBS Television Stations

Station Market (affiliate, ch.) DMA FCC% Coverage Total%
WCBS New York (CBS, 2) 1 6.616 6.616
KCBS Los Angeles (CBS, 2) 2 5.039 5.039
KCAL Los Angeles (Ind, 9) 2
WBBM Chicago (CBS, 2) 3 3.103 3.103
KYW Philadelphia (CBS, 3) 4 2.642 2.642
WPSG Philadelphia (CW, 57) 4
KPIX San Francisco-Oakland (CBS, 5) 5 2.141 2.141
KBCW San Francisco-Oakland (CW, 44) 5
KTVT Dallas-Ft. Worth (CBS, 11) 6 2.136 2.136
KTXA Dallas-Ft. Worth (Ind, 21) 6
WBZ Boston (CBS, 4) 7 2.130 2.130
WSBK Boston (Ind, 38) 7
WUPA Atlanta (CW, 69) 9 0.991 1.981
WKBD Detroit (CW, 50) 11 0.871 1.741
WWJ Detroit (CBS, 62) 11
WTOG Tampa-St Petersburg, Fla. (CW, 44) 12 0.789 1.577
KSTW Seattle-Tacoma (CW, 11) 14 1.549 1.549
WCCO Minneapolis-St. Paul (CBS, 4) 15 1.507 1.507
WFOR Miami-Ft. Lauderdale (CBS, 4) 16 1.382 1.382
WBFS Miami-Ft. Lauderdale (My, 33) 16
KCNC Denver (CBS, 4) 18 1.286 1.286
KOVR Sacramento-Stockton, Calif. (CBS, 13) 20 1.229 1.229
KMAX Sacramento-Stockton, Calif. (CW, 31) 20
KDKA Pittsburgh (CBS, 2) 22 1.045 1.045
WPCW Pittsburgh (CW, 19) 22
WJZ Baltimore (CBS, 13) 24 0.985 0.985
WGNT Norfolk-Portsmouth, Va. (CW, 27) 42 0.320 0.640

OTHER MEDIA INTERESTS: CBS Television Network; joint venture with Warner Bros. in The CW; Showtime; CSTV Networks; CBS Paramount Network Television; CBS Television Distribution Group; CBS Radio; CBS Outdoor; Simon & Schuster Inc.; CBS Consumer Products; CBS Interactive (formerly CBS Digital Media), CBS Records; CBS Home Entertainment and CBS Feature Films

3. Ion Media Networks ION

31.337% coverage (FCC)
53 stations
62.67% coverage (total)
601 Clearwater Park Rd.
West Palm Beach, FL 33401
Phone: 561-659-4122
Fax: 561-659-4252
Website: www.ionmedia.tv
BRANDON BURGESS, president/CEO, Ion Media Networks

Ion and key shareholders are entertaining a proposal that would take the company private, with Citadel Investment Group buying 50 million common shares of stock at $1.41 per share. In early April, Citadel said it would additionally infuse $100 million in cash into the company, which is valued at $2.4 billion. The deal would give Citadel 100% of the voting stock and control of Ion. The remaining stakeholders—including insurance firm AIG, hedge fund Gradient and Avenue Capital—would retain debt convertible into non-voting shares. Their stakes have not been made public. NBCU, which has a significant preferred claim, would remain a non-voting investor through convertible preferred stock with a face value of about $400 million.

Station Market (affiliate, ch.) DMA FCC% Coverage Total%
WPXN New York (Ion, 31) 1 3.308 6.616
KPXN Los Angeles (Ion, 30) 2 2.519 5.039
WCPX Chicago (Ion, 38) 3 1.551 3.103
WPPX Philadelphia (Ion, 61) 4 1.321 2.642
KKPX San Francisco-Oakland (Ion, 65) 5 1.071 2.141
KPXD Dallas-Ft. Worth (Ion, 68) 6 1.068 2.136
WBPX Boston (Ion, 68) 7 1.065 2.130
WPXW Washington (Ion, 66) 8 1.021 2.041
WPXA Atlanta (Ion, 14) 9 0.991 1.981
KPXB Houston (Ion, 49) 10 0.890 1.780
WPXD Detroit (Ion, 31) 11 0.871 1.741
WXPX Tampa-St Petersburg, Fla. (Ion, 66) 12 0.789 1.577
KPPX Phoenix (Ion, 51) 13 0.775 1.549
KWPX Seattle-Tacoma (Ion, 33) 14 0.775 1.549
KPXM Minneapolis-St. Paul (Ion, 41) 15 0.754 1.507
WPXM Miami-Ft. Lauderdale, Fla. (Ion, 35) 16 0.691 1.382
WVPX Cleveland-Akron, Ohio (Ion, 23) 17 0.691 1.381
KPXC Denver (Ion, 59) 18 0.643 1.286
WOPX Orlando-Daytona Beach, Fla. (Ion; 56) 19 0.627 1.254
KSPX Sacramento-Stockton, Calif. (Ion; 29) 20 0.615 1.229
KPXG Portland, Ore. (Ion, 22) 23 0.502 1.004
WIPX Indianapolis (Ion, 63) 25 0.476 0.952
WHPX Hartford-New Haven, Conn. (Ion, 26) 28 0.456 0.911
WRPX Raleigh-Durham, N.C. (Ion, 47) 29 0.452 0.904
WFPX Raleigh-Durham, N.C. (Ion, 62) 29
WNPX Nashville, Tenn. (Ion, 28) 30 0.424 0.848
KPXE Kansas City, Kan.-Mo. (Ion, 50) 31 0.410 0.820
WPXE Milwaukee (Ion, 55) 34 0.397 0.793
KUPX Salt Lake City (Ion, 16) 35 0.377 0.754
KPXL San Antonio (Ion, 26) 37 0.348 0.696
WPXP West Palm Beach, Fla. (Ion, 67) 38 0.347 0.693
WZPX Grand Rapids, Mich. (Ion, 43) 39 0.330 0.660
WPXH Birmingham, Ala. (Ion, 44) 40 0.325 0.650
WPXV Norfolk-Portsmouth, Va. (Ion, 49) 42 0.320 0.640
KOPX Oklahoma City (Ion, 62) 45 0.298 0.595
WGPX Greensboro-High Point, N.C. (Ion, 16) 47 0.297 0.593
WPXJ Buffalo, N.Y. (Ion, 51) 49 0.288 0.575
WPXC Jacksonville, Fla. (Ion, 21) 50 0.287 0.574
WPXQ Providence, R.I. (Ion, 69) 51 0.285 0.569
WQPX Scranton-Wilkes Barre, Pa. (Ion, 64) 53 0.265 0.530
WYPX Albany-Schenectady-Troy, N.Y. (Ion, 55) 56 0.249 0.498
WPXK Knoxville, Tenn. (Ion, 54) 60 0.235 0.470
KTPX Tulsa, Okla. (Ion, 44) 62 0.231 0.461
WUPX Lexington, Ky. (Ion, 67) 63 0.217 0.434
WLPX Charleston-Huntington, W.Va. (Ion, 29) 65 0.214 0.428
WPXR Roanoke-Lynchburg, Va. (Ion, 38) 68 0.200 0.400
KPXO Honolulu (Ion, 66) 72 0.188 0.376
KFPX Des Moines, Iowa (Ion, 39) 73 0.188 0.375
KGPX Spokane, Wash. (Ion, 34) 77 0.178 0.355
WSPX Syracuse, N.Y. (Ion, 56) 79 0.174 0.348
KPXR Cedar Rapids-Waterloo, Iowa (Ion, 48) 89 0.150 0.299
WEPX Greenville-New Bern, N.C. (Ion, 38) 107 0.122 0.243
WTPX Wausau-Rhinelander, Wis. (Ion, 46) 134 0.081 0.162

OTHER MEDIA INTERESTS: Low-power TV stations; Ion television network; Ion Life digital network; 51% interest in kids’ TV network, qubo

4. NBC Universal GE

(subsidiary of General Electric Co., 80% owner; 20% owned by Vivendi Universal)
30.49% coverage (FCC)
26 stations
35.87% coverage (total)
30 Rockefeller Plaza
New York, NY 10112
Phone: 212-664-4444
Fax: 212-664-4085
Website: www.nbc.com
JEFFREY IMMELT, chairman/CEO, GE
BOB WRIGHT, chairman of the board, NBC Universal; vice chairman, General Electric
JEFF ZUCKER, president/CEO, NBC Universal
JAY IRELAND, president, NBC Universal Television Stations and Network Operations

Station Market (affiliate, ch.) DMA FCC% Coverage Total%
WNBC New York (NBC, 4) 1 6.616 6.616
WNJU New York (Tel, 47) 1
KNBC Los Angeles (NBC, 4) 2 5.039 5.039
KWHY Los Angeles (Tel, 22) 2
KVEA Los Angeles (Tel, 52) 2
WMAQ Chicago (NBC, 5) 3 3.103 3.103
WSNS Chicago, (Tel, 44) 3
WCAU Philadelphia (NBC, 10) 4 2.642 2.642
KNTV San Francisco-Oakland (NBC, 11) 5 2.141 2.141
KSTS San Francisco-Oakland (Tel, 48) 5
KXAS Dallas-Ft. Worth (NBC, 5) 6 2.136 2.136
KXTX Dallas-Ft. Worth (Tel, 39) 6
WNEU Boston (Tel, 60) 7 1.065 2.130
WRC Washington (NBC, 4) 8 2.041 2.041
KTMD Houston (Tel, 47) 10 0.890 1.780
KTAZ Phoenix (Tel, 39) 13 0.775 1.549
WTVJ Miami-Ft. Lauderdale (NBC, 6) 16 1.382 1.382
WSCV Miami-Ft. Lauderdale (Tel, 51) 16
KDEN Denver (Tel, 25) 18 0.643 1.286
KNSD San Diego (NBC, 39) 27 0.463 0.925
WVIT Hartford-New Haven, Conn. (NBC, 30) 28 0.456 0.911
KVDA San Antonio (Tel, 60) 37 0.348 0.696
KBLR Las Vegas (Tel, 39) 43 0.302 0.603
KNSO Fresno-Visalia, Calif. (Tel, 51) 55 0.251 0.501
KHRR Tucson, Ariz. (Tel, 40) 70 0.195 0.389
WKAQ San Juan, Puerto Rico (Tel, 2) 999

OTHER MEDIA INTERESTS: NBC TV Network; Spanish-language Telemundo network; NBC Universal Television Studios; NBC Universal Television Distribution; Universal Pictures; cable channels Bravo, Sci Fi Channel, USA Networks, Universal HD, CNBC, MSNBC (with Microsoft Inc.), A&E Television Networks (joint venture with Disney and Hearst), mun2 and Telemundo International; GE Equity and NBC Universal own 40% of ShopNBC; Universal Parks and Resorts; many Websites tied to channels and products

5. Tribune Co. TRB

27.58% coverage (FCC)
23 stations
35.51% coverage (total)
435 N. Michigan Ave.
Chicago, IL 60611
Phone: 312-222-3333
Fax: 312-329-0611
Website: www.tribune.com
DENNIS J. FITZSIMONS, chairman/CEO
JOHN E. REARDON, president, Tribune Broadcasting
On April 2, Tribune Co. announced that billionaire Sam Zell would buy the company for approximately $8.2 billion, with expectations that he will immediately divest the Chicago Cubs and the company’s interest in Comcast SportsNet Chicago. The deal requires FCC and stockholder approval and is not expected to close until the fourth quarter. If it is approved, the company will be privately held.

Station Market (affiliate, ch.) DMA FCC% Coverage Total%
WPIX New York (CW, 11) 1 6.616 6.616
KTLA Los Angeles (CW, 5) 2 5.039 5.039
WGN Chicago (CW, 9) 3 3.103 3.103
WPHL Philadelphia (My, 17) 4 1.321 2.642
KDAF Dallas-Ft. Worth (CW, 33) 6 1.068 2.136
WDCW Washington (CW, 50) 8 1.021 2.041
KHCW Houston (CW, 39) 10 0.890 1.780
KCPQ Seattle-Tacoma (Fox, 13) 14 1.549 1.549
KMYQ Seattle-Tacoma (My, 22) 14
WSFL Miami-Ft. Lauderdale (CW, 39) 16 0.691 1.382
KWGN Denver (CW, 2) 18 1.286 1.286
KTXL Sacramento-Stockton, Calif. (Fox, 40) 20 0.615 1.229
KPLR St. Louis (CW, 11) 21 1.104 1.104
KRCW Portland, Ore. (CW, 32) 23 0.502 1.004
WTTV Indianapolis (CW, 4) 25 0.952 0.952
WXIN Indianapolis (Fox, 59) 25
KSWB San Diego (CW, 69) 27 0.463 0.925
WTXX Hartford-New Haven, Conn. (CW, 20) 28 0.456 0.911
WTIC Hartford-New Haven, Conn. (Fox, 61) 28
WXMI Grand Rapids, Mich. (Fox, 17) 39 0.330 0.660
WPMT Harrisburg-Lancaster, Pa. (Fox, 43) 41 0.321 0.641
WGNO New Orleans (ABC, 26) 54 0.255 0.509
WNOL New Orleans (CW, 38) 54

OTHER MEDIA INTERESTS: 11 English-language daily newspapers (including Chicago Tribune, Newsday and Los Angeles Times); Spanish-language newspaper Hoy in Los Angeles and Chicago; Tribune Entertainment; TV Food Network (31%); Comcast SportsNet Chicago (25%); Tribune Media Services; CLTV Chicago cable news channel; WGN(AM) Chicago; Superstation WGN; CareerBuilder (42.5%); Classified Ventures (28%); ShopLocal (42.5%); Topix.net (33.7%); Chicago Cubs; Tribune Interactive.

6. ABC TV Stations Group DIS

(subsidiary of Walt Disney Co.)
23.28% coverage (FCC)
10 stations
23.53% coverage (total)
77 W. 66th St.
New York, NY 10023
Phone: 212-456-7777
Fax: 212-456-6850
Website: www.abc.com
ROBERT IGER, president/CEO, Disney
WALTER LISS, president, ABC Owned Television Stations

Station Market (affiliate, ch.) DMA FCC% Coverage Total%
WABC New York (ABC, 7) 1 6.616 6.616
KABC Los Angeles (ABC, 7) 2 5.039 5.039
WLS Chicago (ABC, 7) 3 3.103 3.103
WPVI Philadelphia (ABC, 6) 4 2.642 2.642
KGO San Francisco-Oakland (ABC, 7) 5 2.141 2.141
KTRK Houston (ABC, 13) 10 1.780 1.780
WTVD Raleigh-Durham, N.C. (ABC, 11) 29 0.904 0.904
KFSN Fresno-Visalia, Calif. (ABC, 30) 55 0.251 0.501
WJRT Flint-Saginaw, Mich. (ABC, 12) 66 0.426 0.426
WTVG Toledo, Ohio (ABC, 13) 71 0.382 0.382

OTHER MEDIA INTERESTS: ABC TV Network; ESPN Radio; Radio Disney; ABC Entertainment TV Group (production and primetime development); Walt Disney Television International; ABC Television Studios; Buena Vista Domestic Television Distribution; Buena Vista Television International; cable networks: Disney Channel, Toon Disney, ABC Family, SOAPnet, 80% of ESPN, 50% of Lifetime Television (with Hearst Corp.), A&E Television Networks (joint venture with NBC and Hearst); Walt Disney Pictures; Touchstone Pictures; Miramax Films; Buena Vista Motion Picture Group; Walt Disney Parks and Resorts; Hyperion Books; Walt Disney Internet Group

7. Univision

(owned by Broadcasting Media Partners, a consortium composed of private-equity investors led by Texas Pacific Group and Thomas H. Lee Partners: Madison Dearborn, Providence Equity and Saban Capital Group. This deal closed March 29.)
22.11% coverage (FCC)
40 stations
43.84% coverage (total)
5999 Center Dr.
Los Angeles, CA 90045
Phone: 310-216-3434
Website: www.univision.net
JOE UVA, CEO

Station Market (affiliate, ch.) DMA FCC% Coverage Total%
WXTV New York (Uni, 41) 1 3.308 6.616
WFUT New York (Tlf, 68) 1
KMEX Los Angeles (Uni, 34) 2 2.520 5.039
KFTR Los Angeles (Tlf, 46) 2
WXFT Chicago (Tlf, 60) 3 1.552 3.103
WGBO Chicago (Uni, 66) 3
WUVP Philadelphia (Uni, 65) 4 1.321 2.642
KDTV San Francisco-Oakland (Uni, 14) 5 1.071 2.141
KFSF San Francisco-Oakland (Tlf, 66) 5
KUVN Dallas-Ft. Worth (Uni, 23) 6 1.068 2.136
KSTR Dallas-Ft. Worth (Tlf, 49) 6
WUTF Boston (Tlf, 66) 7 1.065 2.130
WFDC Washington (Tlf, 14) 8 1.021 2.041
WUVG Atlanta (Uni, 34) 9 0.991 1.981
KXLN Houston (Uni, 45) 10 0.890 1.780
KFTH Houston (Tlf, 67) 10
WFTT Tampa-St Petersburg, Fla. (Tlf, 50) 12 0.789 1.577
KFPH Phoenix (Tlf, 13) 13 0.775 1.549
KTVW Phoenix (Uni, 33) 13
WLTV Miami-Ft. Lauderdale (Uni, 23) 16 0.691 1.382
WAMI Miami-Ft. Lauderdale (Tlf, 69) 16
WQHS Cleveland-Akron (Uni, 61) 17 0.691 1.381
KTFD Denver (Tlf, 14) 18 0.643 1.286
WOTF Orlando-Daytona Beach, Fla. (Tlf, 43) 19 0.627 1.254
KUVS Sacramento-Stockton, Calif. (Uni, 19) 20 0.615 1.229
KTFK Sacramento-Stockton, Calif. (Tlf, 64) 20
WUVC Raleigh-Durham, N.C. (Uni, 40) 29 0.452 0.904
KUTH Salt Lake City (Uni, 32) 35 0.377 0.754
KNIC San Antonio (Tlf, 17) 37 0.348 0.696
KWEX San Antonio (Uni, 41) 37
KTFQ Albuquerque-Santa Fe (Tlf, 14) 45 0.298 0.595
KAKW Austin, Texas (Uni, 62) 52 0.271 0.541
KFTV Fresno-Visalia, Calif. (Uni, 21) 55 0.251 0.501
KTFF Fresno-Visalia, Calif. (Tlf, 61) 55
KFTU Tucson, Ariz. (Tlf, 3) 70 0.389 0.389
KUVE Tucson, Ariz. (Uni, 46) 70
KUVI Bakersfield, Calif. (My, 45) 126 0.095 0.189
WSTE* San Juan, PR (Ind, 7) PR
WLII San Juan, PR (Ind, 11) PR
WSUR San Juan, PR (Ind, 9) PR

OTHER MEDIA INTERESTS: Univision and TeleFutura broadcast networks; Galavisión cable network; Univision Radio, which owns and/or operates 69 radio stations in 16 of the top 25 U.S. Hispanic markets and four stations in Puerto Rico; Univision Music Group, which includes Univision Records, Fonovisa Records, La Calle Records and Mexico-based Disa Records, as well as Fonomusic and America Musical Publishing companies; Univision Online at Univision.com; a 50% interest in TuTv, a joint venture formed to broadcast Televisa’s five pay-television networks in the U.S.; and a non-voting 14.9% interest in Entravision Communications Corp., a public Spanish-language media company.

8. Trinity Broadcasting Network Private

17.61% coverage (FCC)
24 stations
35.22% coverage (total)
2442 Michelle Dr.
Tustin, CA 92780
Phone: 714-832-2950
Fax: 714-665-2191
Website: www.tbn.org
PAUL F. CROUCH, president
AL BROWN, chief financial officer

Station Market (affiliate, ch.) DMA FCC% Coverage Total%
WTBY New York (TBN, 54) 1 3.308 6.616
KTBN Los Angeles (TBN, 40) 2 2.520 5.039
WWTO Chicago (Ind, 35) 3 1.552 3.103
WGTW Philadelphia (Ind, 48) 4 1.321 2.642
KDTX Dallas-Ft. Worth (Ind, 58) 6 1.068 2.136
WHSG Atlanta (TBN, 63) 9 0.991 1.981
KPAZ Phoenix (TBN, 21) 13 0.775 1.549
KTBW Seattle-Tacoma (TBN, 20) 14 0.775 1.549
WHFT Miami-Ft. Lauderdale (Ind, 45) 16 0.691 1.382
WDLI Cleveland-Akron, Ohio (Ind, 17) 17 0.691 1.381
WTGL Orlando-Daytona Beach, Fla. (Ind, 52) 19 0.627 1.254
WCLJ Indianapolis (Ind, 42) 25 0.476 0.952
WPGD Nashville, Tenn. (TBN, 50) 30 0.424 0.848
WTJP Birmingham, Ala. (TBN, 60) 40 0.325 0.650
WBUY Memphis, Tenn. (Ind, 40) 44 0.299 0.597
KNAT Albuquerque-Santa Fe (Ind, 23) 45 0.298 0.595
KTBO Oklahoma City (TBN, 15) 46 0.298 0.595
WKOI Dayton, Ohio (TBN, 43) 58 0.239 0.477
WMPV Mobile, Ala.-Pensacola, Fla. (Ind, 21) 59 0.236 0.471
KDOR Tulsa, Okla. (TBN, 17) 62 0.231 0.461
KAAH Honolulu (Ind, 26) 72 0.188 0.376
WELF Chattanooga, Tenn. (TBN, 23) 86 0.156 0.312
WMCF Montgomery, Ala. (TBN, 45) 117 0.109 0.217
KTAJ St. Joseph, Mo. (TBN, 16) 201 0.021 0.041

OTHER MEDIA INTERESTS: more than 240 low-power TV stations; cable channels TBN, The Church Channel, TBN Enlace USA, JCTV, TBN Europe, TBN Africa, TBN Asia-South Pacific; Trinity Christian Center International; Trinity Music City USA; International Production Center; TBN Films; Smile of a Child; TBN Radio Paradise; KTBN short-wave radio

9. Gannett Broadcasting GCI

16.66% coverage (FCC)
22 stations
18.05% coverage (total)
7950 Jones Branch Dr.
McLean, VA 22107
Phone: 703-854-6000
Fax: 703-854-2002
Website: www.gannett.com
CRAIG A. DUBOW, chairman/president/CEO, Gannett Co. Inc.
ROGER L. OGDEN, president/CEO, Gannett Broadcasting

Station Market (affiliate, ch.) DMA FCC% Coverage Total%
WUSA Washington (CBS, 9) 8 2.041 2.041
WXIA Atlanta (NBC, 11) 9 1.981 1.981
WATL Atlanta (My, 36) 9
WTSP Tampa-St Petersburg, Fla. (CBS, 10) 12 0.789 1.577
KPNX Phoenix (NBC, 12) 13 1.549 1.549
KARE Minneapolis-St. Paul (NBC, 11) 15 1.507 1.507
WKYC Cleveland-Akron, Ohio (NBC, 3) 17 1.381 1.381
KUSA Denver (NBC, 9) 18 1.286 1.286
KTVD Denver (My, 20) 18
KXTV Sacramento-Stockton, Calif. (ABC, 10) 20 1.229 1.229
KSDK St. Louis (NBC, 5) 21 1.104 1.104
WZZM Grand Rapids, Mich. (ABC, 13) 39 0.330 0.660
WFMY Greensboro-High Point, N.C. (CBS, 2) 47 0.593 0.593
WGRZ Buffalo, N.Y. (NBC, 2) 49 0.575 0.575
WTLV Jacksonville, Fla. (NBC, 12) 50 0.574 0.574
WJXX Jacksonville, Fla. (ABC, 25) 50
KTHV Little Rock-Pine Bluff, Ark. (CBS, 11) 57 0.485 0.485
WBIR Knoxville, Tenn. (NBC, 10) 60 0.470 0.470
WCSH Portland-Auburn, Maine (NBC, 6) 74 0.367 0.367
WLTX Columbia, S.C. (CBS, 19) 83 0.170 0.339
WMAZ Macon, Ga. (CBS, 13) 121 0.104 0.207
WLBZ Bangor, Maine (NBC, 2) 152 0.129 0.129

OTHER MEDIA INTERESTS: Captivate, an elevator-based video advertising network; 90 daily U.S. newspapers, including USA Today and USA Weekend; more than 1,000 non-daily publications; UK-based Newsquest plc with 17 daily newspapers and 300 non-daily publications; several newspaper-related businesses. Career Builder.com (42.5%); Classified Ventures (23.6%); ShopLocal.com (42.5%); Topix.net (31.9%); Shermans Travel (23.3%); mobile information service 4INFO (minority interest). Online interests: usatoday.com and many other Websites linked to TV stations and newspapers

10. Hearst-Argyle Television Inc. HTV

(72% owned by privately held Hearst Corp.)
16.40% coverage (FCC)
29 stations
18.11% coverage (total)
888 Seventh Ave.
New York, NY 10106
Phone: 212-887-6800
Fax: 212-887-6875
Website: www.hearstargyle.com
VICTOR GANZI, president/CEO, Hearst Corp./chairman, Hearst-Argyle Television
DAVID BARRETT, president/CEO, Hearst-Argyle Television

Station Market (affiliate, ch.) DMA FCC% Coverage Total%
WCVB Boston (ABC, 5) 7 2.130 2.130
WMUR Boston (ABC, 9) 7
WMOR* Tampa-St Petersburg, Fla. (Ind, 32) 12 0.789 1.577
WESH Orlando-Daytona Beach, Fla. (NBC, 2) 19 1.254 1.254
WKCF Orlando-Daytona Beach, Fla. (CW, 18) 19
KCRA Sacramento-Stockton, Calif. (NBC, 3) 20 1.229 1.229
KQCA Sacramento-Stockton, Calif. (My, 58) 20
WTAE Pittsburgh (ABC, 4) 22 1.045 1.045
WBAL Baltimore (NBC, 11) 24 0.985 0.985
KMBC Kansas City, Kan.-Mo. (ABC, 9) 31 0.820 0.820
KCWE* Kansas City, Kan.-Mo. (CW, 29) 31
WLWT Cincinnati (NBC, 5) 33 0.797 0.797
WISN Milwaukee, Wis. (ABC, 12) 34 0.793 0.793
WYFF Greenville-Spartanburg, S.C. (NBC, 4) 36 0.742 0.742
WPBF* West Palm Beach, Fla. (ABC, 25) 38 0.347 0.693
WGAL Harrisburg-Lancaster, Pa. (NBC, 8) 41 0.641 0.641
KOAT Albuquerque-Santa Fe (ABC, 7) 45 0.595 0.595
KOCO Oklahoma City (ABC, 5) 46 0.595 0.595
WXII Greensboro-High Point, N.C. (NBC, 12) 47 0.593 0.593
WLKY Louisville, Ky. (CBS, 32) 48 0.291 0.582
WDSU New Orleans (NBC, 6) 54 0.509 0.509
KITV Honolulu (ABC, 4) 72 0.376 0.376
KCCI Des Moines-Ames, Iowa (CBS, 8) 73 0.375 0.375
WMTW Portland-Auburn, Maine (ABC, 8) 74 0.367 0.367
KETV Omaha, Neb. (ABC, 7) 75 0.362 0.362
WAPT Jackson, Miss. (ABC, 16) 87 0.155 0.309
WPTZ Burlington, Vt.-Plattsburgh, N.Y. (NBC, 5) 90 0.294 0.294
KHBS Ft. Smith-Fayetteville, Ark. (ABC, 40) 102 0.126 0.252
KSBW Monterey-Salinas, Calif. (NBC, 8) 124 0.196 0.196

OTHER MEDIA INTERESTS: Two radio stations; approximately 24% of Internet Broadcasting Systems Inc. (site developer). Parent Hearst Corp. owns Hearst Entertainment, 50% of Lifetime Television (joint venture with Disney), New England Cable News (with MediaOne), 20% of ESPN, A&E Television Networks (joint venture with NBC and Disney); newspapers, monthly consumer magazines including Esquire, Town & Country, Good Housekeeping, Harper’s Bazaar

11. Belo Corp. BLC

12.93% coverage (FCC)
21 stations
14.00% coverage (total)
P.O. Box 655237
Dallas, TX 75265
Phone: 214-977-6606
Fax: 214-977-6603
Website: www.belo.com
ROBERT W. DECHERD, chairman/CEO
DUNIA SHIVE, president, COO

Station Market (affiliate, ch.) DMA FCC% Coverage Total%
WFAA Dallas-Ft. Worth (ABC, 8) 6 2.136 2.136
KHOU Houston (CBS, 11) 10 1.780 1.78
KTVK Phoenix (Ind, 3) 13 1.549 1.549
KASW Phoenix (CW, 61) 13
KING Seattle-Tacoma (NBC, 5) 14 1.549 1.549
KONG Seattle-Tacoma (Ind, 16) 14
KMOV St. Louis (CBS, 4) 21 1.104 1.104
KGW Portland, Ore. (NBC, 8) 23 1.004 1.004
WCNC Charlotte, N.C. (NBC, 36) 26 0.470 0.939
KCWX* San Antonio (CW, 2) 37 0.696 0.696
KENS San Antonio (CBS, 5) 37
WVEC Norfolk-Portsmouth, Va. (ABC, 13) 42 0.320 0.640
WHAS Louisville, Ky. (ABC, 11) 48 0.582 0.582
KVUE Austin, Texas (ABC, 24) 52 0.271 0.541
WWL New Orleans (CBS, 4) 54 0.509 0.509
WUPL New Orleans (My, 54) 54
KMSB Tucson, Ariz. (Fox, 11) 70 0.389 0.389
KTTU Tucson, Ariz. (My, 18) 70
KREM Spokane, Wash. (CBS, 2) 77 0.355 0.355
KSKN Spokane, Wash. (CW, 22) 77
KTVB Boise, Idaho (NBC, 7) 118 0.215 0.215

OTHER MEDIA INTERESTS: Low-power TV stations; daily newspapers including The Dallas Morning News, Providence Journal, The Press-Enterprise (Riverside, Calif.) and Denton Record-Chronicle (Texas); specialty publications targeting youths and Hispanics; owns three cable news channels, including NorthWest Cable News and Texas Cable News; operates four other cable news channels in partnership with Cox Communications; more than 30 Websites affiliated with its newspaper and TV properties

12. Sinclair Broadcast Group SBGI

11.76% coverage (FCC)
55 stations
21.52% coverage (total)
10706 Beaver Dam Rd.
Hunt Valley, MD 21030
Phone: 410-568-1500
Fax: 410-568-1533
Website: www.sbgi.net
DAVID D. SMITH, president/CEO
STEVEN M. MARKS, COO, television

Station Market (affiliate, ch.) DMA FCC% Coverage Total%
WTTA Tampa-St Petersburg, Fla. (My, 38) 12 0.789 1.577
WUCW Minneapolis-St. Paul (CW, 23) 15 0.754 1.507
KDNL St. Louis (ABC, 30) 21 0.552 1.104
WPMY Pittsburgh (My, 22) 22 0.523 1.045
WPGH Pittsburgh (Fox, 53) 22
WBFF Baltimore (Fox, 45) 24 0.493 0.985
WNUV* Baltimore (CW, 54) 24
WLFL Raleigh-Durham, N.C. (CW, 22) 29 0.452 0.904
WRDC Raleigh-Durham, N.C. (My, 28) 29
WZTV Nashville, Tenn. (Fox, 17) 30 0.424 0.848
WUXP Nashville, Tenn. (My, 30) 30
WNAB Nashville, Tenn. (CW, 58) 30
WSYX Columbus, Ohio (ABC, 6) 32 0.807 0.807
WTTE* Columbus, Ohio (Fox, 28) 32
WSTR Cincinnati, Ohio (My, 64) 33 0.399 0.797
WVTV Milwaukee, Wis. (CW, 18) 34 0.397 0.793
WCGV Milwaukee, Wis. (My, 24) 34
WLOS Greenville-Spartanburg, S.C. (ABC, 13) 36 0.371 0.742
WMYA* Greenville-Spartanburg, S.C. (My, 40) 36
KABB San Antonio (Fox, 29) 37 0.348 0.696
KMYS San Antonio (My, 35) 37
WTTO Birmingham, Ala. (CW, 21) 40 0.325 0.650
WABM Birmingham, Ala. (My, 68) 40
WTVZ Norfolk-Portsmouth, Va. (My, 33) 42 0.320 0.640
KVMY Las Vegas (My, 21) 43 0.301 0.603
KVCW Las Vegas (CW, 33) 43
KOKH Oklahoma City (Fox, 25) 46 0.298 0.595
KOCB Oklahoma City (CW, 34) 46
WXLV Greensboro-High Point, N.C. (ABC, 45) 47 0.297 0.593
WMYV Greensboro-High Point, N.C. (My, 48) 47
WUTV Buffalo, N.Y. (Fox, 29) 49 0.288 0.575
WNYO Buffalo, N.Y. (My, 49) 49
WKEF Dayton, Ohio (ABC, 22) 58 0.239 0.477
WRGT* Dayton, Ohio (Fox, 45) 58
WEAR Mobile, Ala.-Pensacola, Fla. (ABC, 3) 59 0.471 0.471
WFGX Mobile, Ala.-Pensacola, Fla. (My, 35) 59
WRLH Richmond-Petersburg, Va. (Fox, 35) 61 0.233 0.465
WDKY Lexington, Ky. (Fox, 56) 63 0.217 0.434
WCHS Charleston-Huntington, W.Va. (ABC, 8) 65 0.428 0.428
WVAH* Charleston-Huntington, W.Va. (Fox, 11) 65
WSMH Flint-Saginaw-Bay City, Mich. (Fox, 66) 66 0.213 0.426
KDSM Des Moines-Ames, Iowa (Fox, 17) 73 0.188 0.375
WGME Portland-Auburn, Maine (CBS, 13) 74 0.184 0.367
WNYS* Syracuse, N.Y. (My, 43) 79 0.174 0.348
WSYT Syracuse, N.Y. (Fox, 68) 79
KBSI Paducah-Cape Girardeau, Mo. (Fox, 23) 80 0.173 0.345
WDKA* Paducah-Cape Girardeau, Mo. (My, 49) 80
WICS Champaign-Springfield, Ill. (ABC, 20) 82 0.170 0.340
WMSN Madison, Wis. (Fox, 47) 85 0.166 0.332
KGAN Cedar Rapids-Waterloo, Iowa (CBS, 2) 89 0.299 0.299
WTAT* Charleston, S.C. (Fox, 24) 100 0.131 0.261
WMMP Charleston, S.C. (My, 36) 100
WTWC Tallahassee, Fla. (NBC, 40) 108 0.120 0.239
WGGB Springfield-Holyoke, Mass. (ABC, 40) 109 0.119 0.238
WYZZ Peoria-Bloomington, Ill. (Fox, 43) 116 0.109 0.218

OTHER MEDIA INTERESTS: Sinclair Ventures has equity interests in such companies as G.1440, Jadoo Power Systems and VisionAir; Acrodyne Industries Inc.

13. Cox Enterprises Private

10.14% coverage (FCC)
15 stations
10.28% coverage (total)
6205 Peachtree Dunwoody Rd.
Atlanta, GA 30328
Phone: 678-645-0000
Fax: 678-678-0079
Website: www.coxenterprises.com
JAMES C. KENNEDY, chairman/CEO, Cox Enterprises
JIMMY W. HAYES, president/COO, Cox Enterprises
PATRICK J. ESSER, president, Cox Communications
ANDREW S. FISHER, president, Cox Television
BRUCE R. BAKER, executive VP, Cox Television

Station Market (affiliate, ch.) DMA FCC% Coverage Total%
KTVU San Francisco-Oakland (Fox, 2) 5 2.141 2.141
KICU San Francisco-Oakland (Ind, 36) 5
WSB Atlanta (ABC, 2) 9 1.981 1.981
KIRO Seattle-Tacoma, Wash. (CBS, 7) 14 1.549 1.549
WFTV Orlando-Daytona Beach, Fla. (ABC, 9) 19 1.254 1.254
WRDQ Orlando-Daytona Beach, Fla. (Ind, 27) 19
WPXI Pittsburgh (NBC, 11) 22 1.045 1.045
WSOC Charlotte, N.C. (ABC, 9) 26 0.939 0.939
WAXN Charlotte, N.C. (Ind, 64) 26
WHIO Dayton, Ohio (CBS, 7) 58 0.477 0.477
WJAC Johnstown-Altoona, Pa. (NBC, 6) 98 0.264 0.264
KFox El Paso, Texas (Fox, 14) 99 0.132 0.264
KRXI Reno (Fox, 11) 110 0.235 0.235
KAME* Reno (My, 21) 110
WTOV Wheeling, W.Va. (NBC, 9) 155 0.127 0.127

OTHER MEDIA INTERESTS: Cox Newspapers, Cox Radio Inc.; Cox Communications, Cox AutoTrader.com, Cox Radio Interactive, Manheim Auctions

14. Clear Channel Communications CCU

(Sale pending)**
8.75% coverage (FCC)
33 stations
12.47% coverage (total)
200 Basse Rd.
San Antonio, TX 78209
Phone: 210-822 2828
Website: www.clearchannel.com
L. LOWRY MAYS, chairman
MARK MAYS, CEO
DONALD PERRY, president/CEO, Clear Channel Television

Station Market (affiliate, ch.) DMA FCC% Coverage Total%
KFTY San Francisco-Oakland (Ind, 50) 5 1.071 2.141
KVOS Seattle-Tacoma, Wash. (Ind, 12) 14 1.549 1.549
WKRC Cincinnati, Ohio (CBS, 12) 33 0.797 0.797
KTVX Salt Lake City (ABC, 4) 35 0.754 0.754
KUCW Salt Lake City (CW, 30) 35
WOAI San Antonio (NBC, 4) 37 0.696 0.696
WHP Harrisburg-Lancaster, Pa. (CBS, 21) 41 0.641 0.641
WLYH* Harrisburg-Lancaster, Pa. (CW, 15) 41
WPTY Memphis, Tenn. (ABC, 24) 44 0.299 0.597
WLMT Memphis, Tenn. (CW, 30) 44
WAWS Jacksonville, Fla. (Fox, 30) 50 0.287 0.574
WTEV Jacksonville, Fla. (CBS, 47) 50
KGPE Fresno-Visalia, Calif. (CBS, 47) 55 0.251 0.501
WXXA Albany-Schenectady, N.Y. (Fox, 23) 56 0.249 0.498
KLRT Little Rock-Pine Bluff, Ark. (Fox, 16) 57 0.243 0.485
KASN Little Rock-Pine Bluff, Ark. (CW, 38) 57
WPMI Mobile, Ala.-Pensacola, Fla. (NBC, 15) 59 0.236 0.471
WJTC Mobile, Ala.-Pensacola, Fla. (Ind, 44) 59
KOKI Tulsa, Okla. (Fox, 23) 62 0.231 0.461
KMYT Tulsa, Okla. (My, 41) 62
KSAS Wichita-Hutchinson, Kan. (Fox, 24) 67 0.200 0.400
KMTW* Wichita-Hutchinson, Kan. (My, 36) 67
WHAM Rochester, N.Y. (ABC, 13) 78 0.177 0.353
WSYR Syracuse, N.Y. (ABC, 9) 79 0.348 0.348
KMTR Eugene, Ore. (NBC, 16) 120 0.104 0.208
KCOY Santa Barbara Calif. (CBS, 12) 122 0.204 0.204
KION Monterey-Salinas, Calif. (CBS, 46) 124 0.098 0.196
KGET Bakersfield, Calif. (NBC, 17) 126 0.095 0.189
WIVT Binghamton, N.Y. (ABC, 34) 157 0.062 0.124
WETM Elmira, N.Y. (NBC, 18) 173 0.044 0.087
WJKT Jackson, Tenn. (Ind, 16) 174 0.043 0.085
WWTI Watertown, N.Y. (ABC, 50) 176 0.042 0.084
KTVF Fairbanks, Alaska (NBC, 11) 202 0.030 0.030

OTHER MEDIA INTERESTS: Low-power TV stations; Clear Channel Radio; Clear Channel Outdoor (billboards); with partners, owns more than 240 radio stations in Mexico, Australia and New Zealand; Premiere Radio Networks (syndication); Katz Media Group rep firm

15. Pappas Telecasting Companies Private

8.65% coverage (FCC)
22 stations
12.56% coverage (total)
500 S. Chinowth Rd.
Visalia, CA 93277
Phone: 559-733-7800
Fax: 559-733-7878
Website: www.pappastv.com
HARRY J. PAPPAS, chairman/CEO
DENNIS J. DAVIS, president/COO
HOWARD H. SHRIER, senior executive VP/COO, TV stations group

Station Market (affiliate, ch.) DMA FCC% Coverage Total%
KAZA Los Angeles (AZT, 54) 2 2.520 5.039
KUNO San Francisco-Oakland (INS, 8) 5 2.141 2.141
KTNC San Francisco-Oakland (AZT, 42)*** 5
KAZH Houston (AZT, 57)*** 10 1.780 1.780
WCWG Greensboro-High Point, N.C. (CW, 20) 47 0.297 0.593
KFRE Fresno-Visalia, Calif. (CW, 59) 55 0.251 0.501
KMPH Fresno-Visalia, Calif. (Fox, 26) 55
WWAZ Green Bay-Appleton, Wis. (Ind, 68) 69 0.195 0.390
KCWI Des Moines-Ames, Iowa (CW, 23) 73 0.188 0.375
KPTM Omaha, Neb. (Fox, 42) 75 0.181 0.362
KXVO* Omaha, Neb. (CW, 15) 75
KDBC El Paso, Texas (CBS, 4) 99 0.264 0.264
KHGI Lincoln-Hastings, Neb. (ABC, 13) 104 0.248 0.248
KSNB* Lincoln-Hastings, Neb. (Fox, 4) 104
KTVG* Lincoln-Hastings, Neb. (Fox, 17) 104
KREN Reno, Nev. (CW, 27) 110 0.118 0.235
KCWK Yakima-Pasco, Wash. (CW, 9) 125 0.192 0.192
WLGA Columbus, Ga. (CW, 66) 128 0.093 0.186
KPTH Sioux City, Iowa (Fox, 44) 143 0.071 0.141
KMEG Sioux City, Iowa (CBS, 14) 143
KSWT Yuma, Ariz.-El Centro, Calif. (CBS, 13) 167 0.096 0.096
KWNB North Platte, Neb. (ABC, 6) 209 0.014 0.014

OTHER MEDIA INTERESTS: Low-power TV stations; owns 16 on-air digital channels and operates three others under lease management agreements; KTRB(AM) and KMPH(AM); construction permits for one AM station and 10 additional TV stations

16. E.W. Scripps Co. SSP****

8.03% coverage (FCC)
10 stations
10.00% coverage (total)
312 Walnut St.
Scripps Center 2800
Cincinnati, OH 45202
Phone: 513-977-3000
Fax: 513-977-3721
Website: scripps.com
WILLIAM R. BURLEIGH, chairman
KENNETH W. LOWE, president/CEO
WILLIAM B. PETERSON, senior VP, Television Station Group

Station Market (affiliate, ch.) DMA FCC% Coverage Total%
WXYZ Detroit, Mich. (ABC, 7) 11 1.741 1.741
WFTS Tampa-St Petersburg, Fla. (ABC, 28) 12 0.789 1.577
KNXV Phoenix (ABC, 15) 13 0.775 1.549
WEWS Cleveland-Akron (ABC, 5) 17 1.381 1.381
WMAR Baltimore (ABC, 2) 24 0.985 0.985
KMCI Kansas City, Kan.-Mo. (Ind, 38) 31 0.410 0.820
KSHB Kansas City, Kan.-Mo. (NBC, 41) 31
WCPO Cincinnati (ABC, 9) 33 0.797 0.797
WPTV West Palm Beach, Fla. (NBC, 5) 38 0.693 0.693
KJRH Tulsa, Okla. (NBC, 2) 62 0.461 0.461

OTHER MEDIA INTERESTS: Cable networks: HGTV, Food Network, DIY Network, Fine Living and Great American Country, plus stake in Sports South; United Media; daily and community newspapers in 17 markets; Scripps Howard News Service; online comparison-shopping services Shopzilla and UK-based uSwitch; other online operations include hgtv.com, HGTVPro.com, HGTVKitchenDesign.com, Foodtv.com, DIYnet.com, fineliving.com and comics.com

17. Raycom Private

7.96% coverage (FCC)
32 stations
10.29% coverage (total)
RSA Tower, 20th Floor
201 Monroe St.
Montgomery, AL 36104
Phone: (334) 206-1400
Fax: (334) 206-1555
Website: www.raycommedia.com
PAUL McTEAR, president/CEO
WAYNE DAUGHERTY, executive VP/COO
MARTY EDELMAN, LEON LONG, JEFF ROSSER, VPs, television

Station Market (affiliate, ch.) DMA FCC% Coverage Total%
WOIO Cleveland-Akron (CBS, 19) 17 0.691 1.381
WUAB Cleveland-Akron (My, 43) 17
WXIX Cincinnati (Fox, 19) 33 0.399 0.797
WFLX West Palm Beach, Fla. (Fox, 29) 38 0.347 0.693
WMC Memphis, Tenn. (NBC, 5) 44 0.597 0.597
WAVE Louisville, Ky. (NBC, 3) 48 0.582 0.582
WTNZ Knoxville, Tenn. (Fox, 43) 60 0.235 0.470
WTVR Richmond-Petersburg, Va. (CBS, 6) 61 0.465 0.465
KOLD Tucson, Ariz. (CBS, 0) 70 0.195 0.389
WTOL Toledo, Ohio (CBS, 11) 71 0.382 0.382
KFVE Honolulu (My, 5) 72 0.376 0.376
KHNL Honolulu (NBC, 13) 72
KFVS Paducah-Cape Girardeau, Mo. (CBS, 12) 80 0.345 0.345
KSLA Shreveport, La. (CBS, 12) 81 0.342 0.342
WIS Columbia, S.C. (NBC, 10) 83 0.339 0.339
WAFF Huntsville-Decatur, Ala. (NBC, 48) 84 0.169 0.337
WLBT Jackson, Miss. (NBC, 3) 87 0.309 0.309
WAFB Baton Rouge, La. (CBS, 9) 93 0.290 0.290
WTOC Savannah, Ga. (CBS, 11) 97 0.268 0.268
WFIE Evansville, Ind. (NBC, 14) 101 0.130 0.260
KLTV Tyler-Longview, Texas (ABC, 7) 111 0.232 0.232
WSFA Montgomery, Ala. (NBC, 12) 117 0.217 0.217
WTVM Columbus, Ga. (ABC, 9) 128 0.186 0.186
WECT Wilmington, N.C. (NBC, 6) 136 0.156 0.156
WALB Albany, Ga. (NBC, 10) 145 0.138 0.138
KCBD Lubbock, Texas (NBC, 11) 147 0.136 0.136
WPGX Panama City, Fla. (Fox, 28) 156 0.063 0.126
WLOX Biloxi-Gulfport, Miss. (ABC, 13) 160 0.061 0.121
WDAM Hattiesburg-Laurel, Miss. (NBC, 7) 165 0.100 0.100
WDFX Dothan, Ala. (Fox, 34) 172 0.045 0.089
KPLC Lake Charles, La. (NBC, 7) 175 0.085 0.085
KAIT Jonesboro, Ark. (ABC, 8) 180 0.080 0.080

OTHER MEDIA INTERESTS: Raycom Sports (production, marketing, events management); Raycom Post (a post-production facility); Broadview Media (a post-production/telecommunications company) and CableVantage (a cable-advertising sales group)

18. Media General MEG, MEG-A

7.94% coverage (FCC)
23 stations
9.46% coverage (total)
333 E. Franklin St.
Richmond, VA 23219
Phone: 804-649-6000
Fax: 804-775-4603
Website: www.mediageneral.com
J. STEWART BRYAN III, chairman, Media General Inc.
MARSHALL N. MORTON, president/CEO
JAMES A. ZIMMERMAN, president, Broadcast Division

Station Market (affiliate, ch.) DMA FCC% Coverage Total%
WFLA Tampa-St Petersburg, Fla. (NBC, 8) 12 1.577 1.577
WNCN Raleigh-Durham, N.C. (NBC, 17) 29 0.452 0.904
WCMH Columbus, Ohio (NBC, 4) 32 0.807 0.807
WSPA Greenville-Spartanburg, S.C. (CBS, 7) 36 0.742 0.742
WNEG Greenville-Spartanburg, S.C. (CBS, 32) 36
WYCW Greenville-Spartanburg, S.C. (CW, 62) 36
WVTM Birmingham, Ala. (NBC, 13) 40 0.325 0.650
WCWJ Jacksonville, Fla. (CW, 17) 50 0.287 0.574
WJAR Providence, R.I.. (NBC, 10) 51 0.569 0.569
WKRG Mobile, Ala.-Pensacola, Fla. (CBS, 5) 59 0.471 0.471
WTVQ Lexington, Ky. (ABC, 36) 63 0.217 0.434
WSLS Roanoke-Lynchburg, Va. (NBC, 10) 68 0.400 0.400
WJTV Jackson, Miss. (CBS, 12) 87 0.309 0.309
WJHL Tri-Cities, Tenn.-Va. (CBS, 11) 92 0.293 0.293
WSAV Savannah, Ga. (NBC, 3) 97 0.268 0.268
WCBD Charleston, S.C. (NBC, 50) 100 0.261 0.261
WBTW Myrtle Beach-Florence, S.C. (CBS, 13) 105 0.123 0.245
WNCT Ft. Wayne, Ind. (CBS, 10) 106 0.243 0.243
WJBF Augusta, Ga. (ABC, 6) 114 0.222 0.222
WRBL Columbus, Ga. (CBS, 3) 128 0.186 0.186
WMBB Panama City, Fla. (ABC, 13) 156 0.063 0.126
WHLT Hattiesburg-Laurel, Miss. (CBS, 22) 165 0.050 0.100
KALB Alexandria, La. (NBC, 5) 179 0.080 0.080

OTHER MEDIA INTERESTS: Parent owns 25 daily newspapers, including The Tampa Tribune; more than 150 weekly newspapers and periodicals; Media General News Service; online interests include Blockdot.com, Boxerjam.com, and more than 75 other Websites

19. Meredith Corp. MDP

7.68% coverage (FCC)
12 stations
9.20% coverage (total)
1716 Locust St.
Des Moines, IA 50309
Phone: 515-284-3000
Fax: 515-284-2393 or -2700
Website: www.meredith.com
WILLIAM T. KERR, chairman, Meredith Corp.
STEPHEN M. LACY, president/CEO
PAUL KARPOWICZ, president, Meredith Broadcasting Group

Station Market (affiliate, ch.) DMA FCC% Coverage Total%
WGCL Atlanta (CBS, 46) 9 0.991 1.981
KPHO Phoenix (CBS, 5) 13 1.549 1.549
KPTV Portland, Ore. (Fox, 12) 23 1.004 1.004
KPDX Portland, Ore. (My, 49) 23
WFSB Hartford-New Haven, Conn. (CBS, 3) 28 0.911 0.911
WSMV Nashville, Tenn. (NBC, 4) 30 0.848 0.848
KCTV Kansas City, Kan.-Mo. (CBS, 5) 31 0.820 0.820
KSMO Kansas City, Kan.-Mo. (My, 62) 31
WHNS Greenville-Spartanburg, S.C. (Fox, 21) 36 0.371 0.742
KVVU Las Vegas (Fox, 5) 43 0.603 0.603
WNEM Flint-Saginaw-Bay City, Mich. (CBS, 5) 66 0.426 0.426
WFLI Chattanooga, Tenn. (CW, 53) 86 0.156 0.312

OTHER MEDIA INTERESTS: Low-power TV stations; more than 25 consumer magazines, including Better Homes and Family Circle, and about 200 special-interest publications; Meredith Hispanic Ventures publishes five Spanish-language titles; Meredith Books; 32 Websites

20. LIN TV Corp. TVL

7.51% coverage (FCC)
26 stations
8.64% coverage (total)
1 Richmond Square
Providence, RI 02906
Phone: (401) 454-2880
Fax: (401) 454-5286
Website: www.lintv.com
VINCENT SADUSKY, president/CEO
BART CATALANE, chief financial officer
SCOTT BLUMENTHAL, executive VP, television
GREG SCHMIDT, executive VP, digital media
DENISE PARENT, VP, general counsel
ROBB RICHTER, VP, Internet

Station Market (affiliate, ch.) DMA FCC% Coverage Total%
WISH Indianapolis (CBS, 8) 25 0.952 0.952
WNDY Indianapolis (My, 23) 25
WTNH Hartford-New Haven, Conn. (ABC, 8) 28 0.911 0.911
WCTX Hartford-New Haven, Conn. (My, 59) 28
WWHO Columbus, Ohio (CW, 53) 32 0.404 0.807
WOOD Grand Rapids-Kalamazoo, Mich. (NBC, 8) 39 0.660 0.660
WOTV Grand Rapids-Kalamazoo, Mich. (ABC, 41) 39
WAVY Norfolk-Portsmouth, Va. (NBC, 10) 42 0.640 0.640
WVBT Norfolk-Portsmouth, Va. (Fox, 43) 42
KASA Albuquerque-Santa Fe (Fox, 2) 45 0.595 0.595
KRQE Albuquerque-Santa Fe (CBS, 13) 45
WIVB Buffalo, N.Y. (CBS, 4) 49 0.575 0.575
WNLO Buffalo, N.Y. (CW, 23) 49
WPRI Providence, R.I.. (CBS, 12) 51 0.569 0.569
WNAC* Providence, R.I. (My, 64) 51
KXAN Austin, Texas (NBC, 36) 52 0.271 0.541
KNVA* Austin, Texas (CW, 54) 52
WDTN Dayton, Ohio (NBC, 2) 58 0.477 0.477
WALA Mobile, Ala.-Pensacola, Fla. (Fox, 10) 59 0.471 0.471
WBPG Mobile, Ala.-Pensacola, Fla. (CW, 55) 59
WLUK Green Bay-Appleton, Wis. (Fox, 11) 69 0.390 0.390
WUPW Toledo, Ohio (Fox, 36) 71 0.191 0.382
WANE Ft. Wayne, Ind. (CBS, 15) 106 0.122 0.244
WWLP Springfield-Holyoke, Mass. (NBC, 22) 109 0.119 0.238
WTHI Terre Haute, Ind. (CBS, 10) 151 0.130 0.130
WLFI Lafayette, Ind. (CBS, 18) 188 0.029 0.058

OTHER MEDIA INTERESTS: Local weather cable channels; 50% of Banks Broadcasting (KWCV Wichita, Kan., KNIN Boise, Idaho); WAND is managed by but only one-third owned by LIN; also owns 20.38% of NBC’s KXAS Dallas and KNSD San Diego

21. Post-Newsweek Stations WPO

(subsidiary of Washington Post Co.)
7.43% coverage (FCC)
6 stations
7.43% coverage (total)
550 W. Lafayette Blvd.
Detroit MI 48226-3123
Phone: (313) 223-2260
Fax: (313) 223-2263
Website: www.washpostco.com
DONALD E. GRAHAM, chairman/CEO, The Washington Post Co.
ALAN FRANK, president/CEO, Post-Newsweek Stations

Station Market (affiliate, ch.) DMA FCC% Coverage Total%
KPRC Houston (NBC, 2) 10 1.780 1.780
WDIV Detroit (NBC, 4) 11 1.741 1.741
WPLG Miami-Ft. Lauderdale (ABC, 10) 16 1.382 1.382
WKMG Orlando-Daytona Beach, Fla. (CBS, 6) 19 1.254 1.254
KSAT San Antonio (ABC, 12) 37 0.696 0.696
WJXT Jacksonville, Fla. (Ind, 4) 50 0.574 0.574

OTHER MEDIA INTERESTS: Parent owns The Washington Post and other daily and weekly newspapers; Newsweek magazine; Arthur Frommer’s Budget Travel magazine; PostNewsweek Tech Media Group; Kaplan Inc. (educational and career services); Cable One Inc. (cable systems); Washingtonpost.Newsweek Interactive, which oversees such online properties as washingtonpost.com, newsweek.com, slate.com and Budget Travel Online

22. Entravision Communications Corp. EVC

(14.9% owned by Univision, which was bought by Broadcast Media Partners on March 29)
7.02% coverage (FCC)
22 stations
12.73% coverage (total)
2425 Olympic Blvd., Ste. 6000 W
Santa Monica, CA 90404
Phone: 310-447-3870
Fax: 310-447-3899
Website: www.entravision.com
WALTER F. ULLOA, chairman/CEO
PHILIP C. WILKINSON, president/COO

Station Market (affiliate, ch.) DMA FCC% Coverage Total%
WUNI Boston (Uni, 27) 7 1.065 2.130
WJAL Washington (Ind, 68) 8 1.021 2.041
WVEA Tampa-St Petersburg, Fla. (Uni, 62) 12 0.789 1.577
KCEC Denver (Uni, 50) 18 0.643 1.286
KTFD* Denver (Tlf, 14) 18
WVEN Orlando-Daytona Beach, Fla. (Uni, 26) 19 0.627 1.254
XETV* San Diego (Fox, 6) 27 0.925 0.925
XHAS San Diego (Tel 33) 27
XDTV* San Diego (My, 49) 27
WUVN Hartford-New Haven, Conn. (Uni, 18) 28 0.456 0.911
KINC Las Vegas (Uni, 15) 43 0.302 0.603
KLUZ Albuquerque-Santa Fe (Uni, 41) 45 0.298 0.595
XRIO Harlingen-Weslaco, Texas (Fox/My/tr3; 2) 91 0.294 0.294
KNVO Harlingen-Weslaco, Texas (Uni, 48) 91
KINT El Paso, Texas (Uni, 26) 99 0.132 0.264
KTFN El Paso, Texas (Tlf, 65) 99
KPMR Santa Barbara, Calif. (Uni, 38) 122 0.102 0.204
KSMS Monterey-Salinas, Calif. (Uni, 67) 124 0.098 0.196
KORO Corpus Christi, Texas (Uni, 28) 129 0.087 0.174
KUPB Odessa-Midland, Texas (Uni, 18) 159 0.061 0.121
KVYE Yuma, Ariz.-El Centro, Calif. (Uni, 7) 167 0.096 0.096
KLDO Laredo, Texas (Uni, 27) 187 0.030 0.059

OTHER MEDIA INTERESTS: 25 low-power TV stations; 52 radio stations in 20 markets; Spanish-language radio network; 10,700 billboards; company holds a minority, limited voting interest in licensees of XHAS and XUPN and provides programming and related services under a time-brokerage arrangement.

23. Young Broadcasting YBTVA

5.79% coverage (FCC)
11 stations
5.83% coverage (total)
599 Lexington Ave.
New York, NY, 10022
Phone: 212-754-7070
Fax: 212-758-1229
Website: www.youngbroadcasting.com
VINCENT J. YOUNG, chairman/CEO
DEBORAH A. McDERMOTT, president

Station Market (affiliate, ch.) DMA FCC% Coverage Total%
KRON San Francisco-Oakland (My, 4) 5 2.141 2.141
WKRN Nashville, Tenn. (ABC, 2) 30 0.848 0.848
WTEN Albany-Schenectady, N.Y. (ABC, 10) 56 0.498 0.498
WATE Knoxville, Tenn. (ABC, 6) 60 0.470 0.470
WRIC Richmond-Petersburg, Va. (ABC, 8) 61 0.465 0.465
WBAY Green Bay-Appleton, Wis. (ABC, 2) 69 0.390 0.390
KWQC Davenport, Iowa-Rock Island, Ill. (NBC, 6) 96 0.277 0.277
WLNS Lansing, Mich. (CBS, 6) 112 0.230 0.230
KELO Sioux Falls-Mitchell, S.D. (CBS, 11) 115 0.222 0.222
KLFY Lafayette, La. (CBS, 10) 123 0.203 0.203
KCLO Rapid City, S.D. (CBS, 15) 177 0.042 0.084

OTHER MEDIA INTERESTS: Satellite TV stations

24. Gray Television GTN

5.18% coverage (FCC)
30 stations
6.02% coverage (total)
4370 Peachtree Rd. NE
Atlanta, GA 30319
Phone: 404-504-9828
Website: www.graycommunications.com
J. MACK ROBINSON, chairman/CEO
HILTON H. HOWELL JR., vice chairman
ROBERT S. PRATHER JR., president/COO

Station Market (affiliate, ch.) DMA FCC% Coverage Total%
WVLT Knoxville, Tenn. (CBS, 8) 60 0.470 0.470
WKYT Lexington, Ky. (CBS, 27) 63 0.217 0.434
WYMT Lexington, Ky. (CBS, 57) 63
WSAZ Charleston-Huntington, W.Va. (NBC, 3) 65 0.428 0.428
KAKE Wichita-Hutchinson, Kan. (ABC, 10) 67 0.400 0.400
0WOWT Omaha, Neb. (NBC, 6) 75 0.362 0.362
WMTV Madison, Wis. (NBC, 15) 85 0.166 0.332
WNDU South Bend-Elkhart, Ind. (NBC, 16) 88 0.150 0.300.
KKTV Colorado Springs-Pueblo, Colo. (CBS, 11) 94 0.284 0.284
KBTX Waco-Temple, Texas (CBS, 3) 95 0.280 0.280
KWTX Waco-Temple, Texas (CBS, 10) 95
KOLN Lincoln-Hastings, Neb. (CBS, 10) 104 0.248 0.248
WITN Greenville-New Bern, N.C. (NBC, 7) 107 0.243 0.243
WCTV Tallahassee, Fla. (CBS, 6) 108 0.239 0.239
KOLO Reno, Nev. (ABC, 8) 110 0.235 0.235
WILX Lansing, Mich. (NBC, 10) 112 0.230 0.230
WRDW Augusta, Ga. (CBS, 12) 114 0.222 0.222
WEAU La Crosse-Eau Claire, Wis. (NBC, 13) 127 0.094 0.188
WIFR Rockford, Ill. (CBS, 23) 133 0.083 0.166
WSAW Wausau-Rhinelander, Wis. (CBS, 7) 134 0.162 0.162
WIBW Wausau-Rhinelander, Wis. (CBS, 13) 134
WSWG Albany, Ga. (My, 44) 145 0.069 0.138
WJHG Panama City, Fla. (NBC, 7) 156 0.126 0.126
KXII Sherman, Texas-Ada, Okla. (CBS, 12) 161 0.112 0.112
WTVY Dothan, Ala. (CBS, 4) 172 0.089 0.089
WHSV Harrisonburg, Va. (ABC, 3) 181 0.079 0.079
WBKO Bowling Green, Ky. (ABC, 13) 183 0.035 0.069
WTOK Meridian, Miss. (ABC, 11) 185 0.067 0.067
KKCO Grand Junction, Colo. (NBC, 11) 186 0.062 0.062
WTAP Parkersburg, W.Va. (NBC, 15) 189 0.029 0.057

OTHER MEDIA INTERESTS: 36 digital second channels, with plans to launch 4 more in 2007

25. Nexstar Broadcasting Group NXST

4.81% coverage (FCC)
28 stations
6.94% coverage (total)
909 Lake Carolyn Parkway, Ste. 1450
Irving, TX 75039
Phone: 972-373-8800
Fax: 972-373-8888
Website: www.nexstar.tv
PERRY A. SOOK, president/CEO/director
MATT DEVINE, CFO

Station Market (affiliate, ch.) DMA FCC% Coverage Total%
WHAG Washington (NBC, 25) 8 1.021 2.041
WBRE Wilkes Barre-Scranton, Pa. (NBC, 28) 53 0.265 0.530
KARK Little Rock-Pine Bluff, Ark. (NBC, 4) 57 0.485 0.485
KSFX Springfield, Mo. (Fox, 27) 76 0.181 0.361
WROC Rochester, N.Y. (CBS, 8) 78 0.353 0.353
KTAL Shreveport, La. (NBC, 6) 81 0.342 0.342
WCIA Champaign-Springfield, Ill. (CBS, 3) 82 0.340 0.340
WCFN Champaign-Springfield, Ill. (My, 49) 82
WTAJ Johnstown-Altoona, Pa. (CBS, 10) 98 0.264 0.264
WFFT Ft. Wayne, Ind. (Fox, 55) 106 0.122 0.244
WMBD Peoria-Bloomington, Ill. (CBS, 31) 116 0.109 0.218
KAMR Amarillo, Texas (NBC, 4) 131 0.171 0.171
WQRF Rockford, Ill. (Fox, 39) 133 0.083 0.166
KBTV Beaumont-Port Arthur, Texas (NBC, 4) 140 0.150 0.150
WJET Erie, Pa. (ABC, 24) 142 0.071 0.142
WFXP* Erie, Pa. (Fox, 66) 142
KSNF Joplin, Mo.-Pittsburg, Kan. (NBC, 16) 144 0.070 0.139
KFDX Wichita Falls, Texas (NBC, 3) 146 0.137 0.137
KLBK Lubbock, Texas (CBS, 13) 147 0.068 0.136
WTWO Terre Haute, Ind. (NBC, 2) 151 0.130 0.130
KMID Odessa-Midland, Texas (ABC, 2) 159 0.121 0.121
KTAB Abilene-Sweetwater, Texas (CBS, 32) 164 0.052 0.103
WFXV Utica, N.Y. (Fox, 33) 169 0.048 0.095
KHMT* Billings, MT (Fox, 4) 170 0.093 0.093
KSVI Billings, MT (ABC, 6) 170
WDHN Dothan, Ala. (ABC, 18) 172 0.045 0.089
KLST San Angelo, Texas (CBS, 8) 197 0.048 0.048
KQTV St. Joseph, Mo. (ABC, 2) 201 0.041 0.041

OTHER MEDIA INTERESTS: None

Abbrevations:
Uni = Univision TLf = Telefutura
Tel = Telemundo AZT = Azteca America
Ind = Independent INS = Independent Spanish
Rel = Religious Tr3 = MTV Tr3s
Sources:B&C research, BIA Financial Network, Nielsen Media Research, companies and public filings
March