Tuesday, September 12, 2006

KFSM-TV Looking for New Owner

Source: Associated Press The New York Times Co. said Tuesday that it intends to sell its group of nine network-affiliated TV stations in order to concentrate on its newspaper and digital businesses.
Chief Executive Janet L. Robinson said in a statement that while the stations were profitable and well-run, the sales would “allow us to sharpen our focus on developing our newspaper and rapidly growing digital businesses, and the synergies between them.”

The stations accounted for 4 percent of the company’s revenue last year. The Times said the station group is expected to have revenue of about $150 million this year and operating profit of about $33 million.

The stations being sold by the Times include:

-WHO-TV in Des Moines, Iowa, an NBC affiliate

-KFSM-TV in Ft. Smith, Ark., a CBS affiliate

-WHNT-TV in Huntsville, Ala., CBS affiliate

-WREG-TV in Memphis, Tenn., a CBS affiliate

-WQAD-TV in Moline, Ill., an ABC affiliate

-WTKR-TV in Norfolk, Va., CBS affiliate

-KFOR-TV in Oklahoma City, Okla., an NBC affiliate

-KAUT-TV in Oklahoma City, Okla., a MyNetworkTV affiliate, and

-WNEP-TV in Scranton, Penn., an ABC affiliate.

51 Comments:

At 11:44 PM, September 12, 2006, Anonymous Anonymous said...

WOW! I'm a little worried about this. NYT did a GREAT job with KFSM! They always had the money to do what they needed to do, and NYT always made sure they were well-run. Let's keep our fingers crossed that they will find a quality owner.

 
At 8:44 AM, September 13, 2006, Anonymous Anonymous said...

Maybe Gannett will buy KFSM. It might help their LR station, KTHV.

 
At 9:16 AM, September 13, 2006, Anonymous Anonymous said...

get ready, Bridget
Mike, Jared, et al.

New owners many times don't care how long you've been in the market or what kind of job you do...

 
At 10:51 AM, September 13, 2006, Anonymous Anonymous said...

NYT gave KFSM a sense of stability that other area stations didn't always have. KFSM has always been known as a "steady ship." I'd hate to see that change.

 
At 11:48 AM, September 13, 2006, Anonymous Anonymous said...

Chances are the Times will sell the group as a whole, and only a handful of companies could afford that - only good ones.

 
At 12:08 PM, September 13, 2006, Anonymous Anonymous said...

Just make sure Ashley Beck stays. She's a good girl.

Eric Sullivan

 
At 1:38 PM, September 13, 2006, Anonymous Anonymous said...

How interesting would it be if Hearst bought KFSM and the rest. Just like Orlando, there would be a duopoly there, as would KFOR and KOCO in OKC.

Gannett or Belo may be interested in those though. Those are the only other two I can think of that would have the kind of money to buy all of those great stations.

 
At 2:46 PM, September 13, 2006, Anonymous Anonymous said...

I would put my money on Nexstar... These are the size stations they like to buy...

 
At 4:11 PM, September 13, 2006, Anonymous Anonymous said...

Yup! Get ready for another Nexstar station in NWA.

 
At 4:27 PM, September 13, 2006, Anonymous Anonymous said...

You guys are nuts. This will be a one billion dollar deal (that's billion with a B).

Most companies (Nexstar for example) can't even dream of playing in that range.

Expect one of the big players to buy them. In fact, rumor is that it is an inside deal to carve the stations off of the newspapers any how.

 
At 5:39 PM, September 13, 2006, Anonymous Anonymous said...

I wouldn't be surprised if it was Gannett who ends up buying the stations. It can't be Hearst because owning so many stations in a single market is against FCC rules (they would be owning three stations in Oklahoma City, two of them major, therefore creating a monolopy).

 
At 7:44 PM, September 13, 2006, Anonymous Anonymous said...

The channels would most likely be broken up into regions... if that is the case, Belo would most likely come in and buy KFSM, WREG, KFOR and KAUT...

 
At 9:00 PM, September 13, 2006, Anonymous Anonymous said...

Gray could also be a choice, they love college towns and the chance to use their sister-company: Host Communications.

Memphis, OKC, Fayetteville, Norfolk, Des Moines all have decent-sized colleges.

Or, Marty Houston could buy them all and nationally syndicate The Huddle.

 
At 10:37 PM, September 13, 2006, Anonymous Anonymous said...

What's the feeling inside of KFSM? Are people concerned about losing their jobs with a new company eventually taking over? I know when Hearst took over 40/29, some people lost their jobs.

 
At 1:26 AM, September 14, 2006, Anonymous Anonymous said...

What would be great is if CBS coporate bought KFSM

 
At 8:20 AM, September 14, 2006, Anonymous Anonymous said...

How would CBS buy KFSM?

 
At 8:28 AM, September 14, 2006, Anonymous Anonymous said...

The inside feeling is that we'll be better off. Big newspapers haven't been doing well over the last few years and the fight to keep them propped up has been sucking us dry.

 
At 9:52 AM, September 14, 2006, Anonymous Anonymous said...

I think it's hilariously funny that NYTBroadcast is being sold... yet at the NLGJA convention over the weekend, a recruiter was there at the job fair.

 
At 9:57 AM, September 14, 2006, Anonymous Anonymous said...

I just heard that 40/29 just picked up the CW! Are they going to split it like 24/51 or just put it on cable?

 
At 11:19 AM, September 14, 2006, Anonymous Anonymous said...

what is CW?

 
At 12:15 PM, September 14, 2006, Anonymous Anonymous said...

Why is that hilariously funny? The station hired two new people yesterday. Business goes on.

 
At 12:20 PM, September 14, 2006, Anonymous Anonymous said...

It could be a CBS O&O...meaning it's owned and operated by CBS.

That would absolutely be a long shot.

 
At 1:16 PM, September 14, 2006, Anonymous Anonymous said...

If I knew that Gray or Sinclair was going to buy my station, I'd find every excuse in the world to lose my job.

Gray isn't as bad as Sinclair, but they take 'lowballing your news talent' to a whole new leve.

 
At 2:54 PM, September 14, 2006, Anonymous Anonymous said...

No one in their right mind thinks Sinclair will wind up with these stations. Sinclair isn't really in the business of buying huge blocks of #1 stations.

Keep on dreaming though.

 
At 4:51 PM, September 14, 2006, Anonymous Anonymous said...

Most NYT stations are a nice medium market 40-80.... it'll take a substantial company..... Raycom or Belo are good candidates provided all stations are sold in a single deal.

 
At 5:45 PM, September 14, 2006, Anonymous Anonymous said...

Oh man, if CBS corporate buys KFSM, I hope they send us Bob Scheiffer!!

 
At 7:17 PM, September 14, 2006, Anonymous Anonymous said...

Okay, CBS will not buy KFSM. No chance in hell. When they were part of Viacom, they sold KAUT in Oklahoma City to get rid of dead weight. They won't buy it back after just selling it. Raycom will only buy if don't have to buy WREG in Memphis. Reason: they own WMC in Memphis, therefore creating a monopoly. It is going to be hard to find a big company to buy all of these stations in one sweep. The only large company that comes to mind is Gannett.

 
At 7:20 PM, September 14, 2006, Anonymous Anonymous said...

CBS won't buy for two reasons: too many small market stations and they just sold KAUT in Oklahoma City. They won't buy it right back. Also, Raycom won't buy because, once again, too many small market stations. And they own WMC in Memphis, a competetor of NYTB's WREG. That would create a monopoly on stations in that market. If one of those two weren't large stations (CBS and NBC) then the deal would go through, but only if one of them drops major affiliation. Sinclair won't buy because they own two stations in Oklahoma City already. So really the only option left is Gannett.

 
At 10:35 PM, September 14, 2006, Anonymous Anonymous said...

Raycom bought Liberty when they already owned stations in some of Liberty's markets. They just have to agree to sell off one or the other of the stations in duplicate markets within a certain period of time.

You guys don't keep up.

And there are tons of companies out there that could do this deal (Gannett, Belo, Raycom, Albritton, Media General, Gray, etc. etc. etc.) There could even be an inside management play.

 
At 12:27 AM, September 15, 2006, Anonymous Anonymous said...

where did you hear that 40/29 was going aquire the cw.do you have a link for it?

 
At 12:31 AM, September 15, 2006, Anonymous Anonymous said...

The CW is a new network which combines UPN and WB.UPN and WB were defunct in September.Their formed to make THE CW.Which is partly owned CBS and Warner Brothers. The link is: http://www.cwtv.com/

 
At 12:33 AM, September 15, 2006, Anonymous Anonymous said...

Tribune Broadcasting might also buy NYT stations.

 
At 12:42 AM, September 15, 2006, Anonymous Anonymous said...

Tribune's website is : http://www.tribune.com/. On top of smaller stations their own WGN in chicago.Their would have the money to all of NYT tv stations

 
At 12:18 PM, September 15, 2006, Anonymous Anonymous said...

not even new ownership can stop a WINTER STOOOOOOOORRRMMMMMMMMM!

 
At 8:51 PM, September 15, 2006, Anonymous Anonymous said...

But.... can a WINTER STORM stop new ownership ?!?!?!?!

 
At 11:28 AM, September 16, 2006, Anonymous Anonymous said...

Tribune won't buy. Too small of markets plus they are in sell off mode. They have sold a few different stations.

 
At 5:04 PM, September 17, 2006, Anonymous Anonymous said...

ya know, this whole "winter storm" shtick is just so old. can't you find yourself another stupid little catch phrase? or is that just too much to ask of your creative powers? get over yourself, you're just not funny

 
At 5:21 PM, September 17, 2006, Anonymous Anonymous said...

Thanks for chipping in Charles.

Shouldn't you be looking for "pocket cloth" sales?

 
At 7:11 PM, September 17, 2006, Anonymous Anonymous said...

don't like winter storm? How 'bout this instead:

40/29 SUUUUCCCCKKKKKKKSSSSS!

you're right, that's an improved "stupid little catch phrase" Thanks!

 
At 12:24 AM, September 18, 2006, Anonymous Anonymous said...

We're about 3 months away from a WINTER STORM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

 
At 8:36 AM, September 18, 2006, Anonymous Anonymous said...

I guess that means we have to settle for an AUTUMN STORRRRRMMMMMMM!!!

 
At 10:34 AM, September 18, 2006, Anonymous that one lady who fell off the grape stompin' table and it was funny said...

SOUR GRAPES STORRRRRRRRRRMMMMMMMMM

 
At 12:52 PM, September 18, 2006, Anonymous Anonymous said...

Sour grapes?? Nah. We love WINTERRRR STORRRRRMMMMSSS!!!!

 
At 9:27 PM, September 18, 2006, Anonymous Anonymous said...

This time last year Salser was predicting our first snow!!!! You know I'm right!!! WINTER STORM!!!!!!!!!!!!!

 
At 9:41 PM, September 18, 2006, Anonymous Anonymous said...

And he's gone, so nobody cares anymore!

 
At 12:58 AM, September 19, 2006, Anonymous Anonymous said...

just for the record, i'm not charles, didn't particularly like charles, and don't work at 40/29...i just think you're stupid little winter storm posts are incredibly stupid....charles is gone, get over it

 
At 8:32 AM, September 19, 2006, Anonymous Anonymous said...

Yes, but the legend lives on!

 
At 12:42 PM, September 19, 2006, Anonymous d cross said...

legend legend third-wheel legend always in the way

 
At 2:42 PM, September 19, 2006, Anonymous Anonymous said...

Besides, where's your sense of humor? 40/29 predicting a winter storm was always the first sign of fall in the Ozarks. It came every September just as sure as Razorback football and senior citizens on their way to Branson.

 
At 12:43 AM, September 20, 2006, Anonymous Anonymous said...

This post is just too funny. The satire is so wrong, yet so true.

I'll bet the other mets in the market scream: "winter storm" just as much as Charles used to.

 
At 4:29 PM, September 20, 2006, Anonymous Anonymous said...

Salser: "There's a small cloud over Waldron and it could produce up to 10 inches of WINTER STTTOOOOOOORRRRRRM, so steal gas, hoard food - run for your lives!"

 

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