Thursday, November 16, 2006

Clear Channel Announces Plan to Sell Radio Stations Outside the Top 100 Markets and Entire Television Station Group

Source: Clear Channel Press Release Clear Channel Communications, Inc. (NYSE:CCU) today announced plans to sell 448 of its 1,150 radio stations, all located outside the top 100 U.S. media markets, as well as the company’s 42-station Television Group. Collectively, these properties contributed less than 10 percent of the company’s revenues last year.

“Our decision to divest these broadcast properties was reached as a result of the ongoing optimization of our diverse portfolio of media assets,” said Mark Mays, Chief Executive Officer. “These are profitable and well-managed properties in excellent markets. We believe that the sale of these stations will allow us to position our business to provide even greater value to our listeners and shareholders.”

The radio stations scheduled for sale are located in 90 markets outside of the top-100 Arbitron Metros. The television stations are located in 24 small and mid-sized markets throughout the country.

33 Comments:

At 4:48 AM, November 17, 2006, Anonymous Anonymous said...

Look for Nexstar to buy fox on Little Rock. Bank on that!

 
At 4:48 AM, November 17, 2006, Anonymous Anonymous said...

Look for Nexstar to buy fox on Little Rock. Bank on that!

 
At 7:16 AM, November 17, 2006, Anonymous Anonymous said...

Why would Nexstar buy Fox16 when they already have KNWA and KARK? I guess they just want to take a decent attempt at a news station and make it crummy.

 
At 8:04 AM, November 17, 2006, Anonymous Anonymous said...

Gawd...I hope Nexstar doesn't buy out more stations. They are in deep enough debt already.

 
At 10:33 AM, November 17, 2006, Anonymous Anonymous said...

Nexstar doesn't have the money to buy KLRT. Look for Hearst, Raycom or Lin to buy them.

Nexstar is about bankrupt. That's what happens when you run a copy as your own playground right Duane and Perry?

What's Nexstar stock up to now .99?

 
At 12:02 PM, November 17, 2006, Anonymous Anonymous said...

Raycom, Sinclair, or Barrington

 
At 12:13 PM, November 17, 2006, Anonymous Anonymous said...

Sinclair does not buy stations in the south besides they are also cutting back and trying to unload most of its stations.

Barrington is also not in good shape either, but Raycom is a good bet if not LIN.

 
At 12:36 PM, November 17, 2006, Anonymous Anonymous said...

Why are so many companies getting rid of their stations?

 
At 1:41 PM, November 17, 2006, Anonymous Anonymous said...

Hello... local network affiliates are dinosaurs. Networks will soon be pumping all programming through cable and satelite only, no local programming required.
One non-network affiliated commercial news entity will produce "local" news/weather/sports in a regional marketplace to be broadcast in a 30 minute segment 2 or 3 times a day.
6 to 8 people maximum will be required to gather, produce, and distribute the "package".
This is the future guys... get used to it!

 
At 2:46 PM, November 17, 2006, Anonymous Anonymous said...

That must explain why the latest statistics indicate that news use and viewership is on the rise.

How out of touch can you be?

 
At 3:27 PM, November 17, 2006, Anonymous Anonymous said...

"That must explain why the latest statistics indicate that news use and viewership is on the rise.

How out of touch can you be?"

-------------------------------

So, they can make more money with less staff (aka, less cost) which means more money.

More news use and viewership does not require an entire company to produce/sell/run.

8 people (give or take) can produce an effective local newscast.

The first company that fully realizes this will be rolling in it.

 
At 3:48 PM, November 17, 2006, Anonymous Anonymous said...

Sinclair tried this and it bombed bad. No one wants news out of a hub. They already killed their Newscentral.

Great idea on paper but sucks in real life.

They got burnt real bad with bad with in Milwaukee and they were doing weather out of Maryland.

Doesn't work!!!@!

 
At 3:59 PM, November 17, 2006, Anonymous Anonymous said...

New York Times is selling it's TV stations too...any insight into who would or would not be a good potential buyer?

 
At 4:41 PM, November 17, 2006, Anonymous Anonymous said...

These groups won't sell as a whole. They will have to piece out the individual stations.

 
At 5:30 PM, November 17, 2006, Anonymous Anonymous said...

"These groups won't sell as a whole. They will have to piece out the individual stations."

It does appear that The NYT is going to sell the group as a whole.

 
At 5:58 PM, November 17, 2006, Anonymous Anonymous said...

Anonymous said...
That must explain why the latest statistics indicate that news use and viewership is on the rise.

How out of touch can you be?

2:46 PM, November 17, 2006

It is idiot - On the internet

 
At 8:56 PM, November 17, 2006, Anonymous Anonymous said...

So, what does this mean for Little Rock. The radio stations remain clear-channel and the tv station goes on the market? Does the tv station leave the metroplex facility? What's the mood on Colonel Glenn?

 
At 5:49 PM, November 18, 2006, Anonymous Anonymous said...

Speaking as a FOX 16 employee, we're pretty much in wait and see mode. There's no need right now to worry about packing up the shop just yet, but I guess if another company bought us, that issue would probably come up. Either that, or the business office would have to work on a rent schedule. I'm not sure if Clear Channel would force us to move in the event of a sale, but it certainly would suck for us if they did. Our station has sunk a lot of money into this facility, and whatever you think of our newscast, you have to admit our set and equipment is not shabby.

 
At 7:39 PM, November 18, 2006, Anonymous Anonymous said...

6 to 8 people maximum will be required to gather, produce, and distribute the "package".

That's a pretty stupid statement. It takes a whole lot more than 6 to 8 people to cover, produce and broadcast local news in a market like LR/PB, even for cable or satellite.

How are 6 to 8 people going to cover high school football, statewide elections and the devastating aftermath of severe weather? This is what the public expects from local news. It requires more than 6 to 8 people.

 
At 9:57 PM, November 18, 2006, Anonymous Anonymous said...

blogging Arkansas weather at: http://jsweather.blogspot.com

 
At 11:24 PM, November 18, 2006, Anonymous Anonymous said...

How about a new thread? The site is lagging as usual. How about them HOGS? How has coverage been and who is claiming the coverage lead? I'm not a big follower of sports but I will say from comments from above that KATV who claims to be the Hog station is looking like a joke.

 
At 2:39 AM, November 19, 2006, Anonymous Anonymous said...

FOX 16's coverage of the Hogs is great!

 
At 12:04 PM, November 19, 2006, Anonymous Anonymous said...

How are they a joke? The most coverage and reporters by far, The Houston Nutt Show and they even send an anchor to the games. How is that a joke? They have the best Razorback coverage in the state, hands down.

 
At 1:16 PM, November 19, 2006, Anonymous Anonymous said...

I guess the more people you send to cover the game, the better coverage you have? Doubt it! Razorback Nation, best by far! It is sad, however, to see that the Razorback Nation can send only a few people to cover the game, and have better coverage than most of the Little Rock stations.

 
At 3:16 PM, November 19, 2006, Anonymous Anonymous said...

KARK had 7 people in Miss. No one can beat that!

 
At 3:38 PM, November 19, 2006, Anonymous Anonymous said...

Let me go on record with all of you tv folks and say both Bo Mattingly AND Rusty Jackson are both just plain terrible.

Of the two, Bo obviously has a better understanding of what being a sportscaser is all about. He doesn't come across as the "gee whiz don't we just all love them hogs" homer that Jackson does. Bo just grates on the nerves. He reminds me of Ted Knight (look it up kids).

Rusty Jackson needs a dose of reality. If he ever hopes to move out of this market, he'd better get an agent. Said agent will tell him to wise up and quit refering to "we," "us," and "our" when reporting on the Hogs. The kid just gets plain giddy when they toss to him.

Rusty, you're not on the team or the coaching staff and you're supposed to be objective.

One other quick note, Clay Henry got boring the second time you interviewed him, and he has a face for radio. How about something a little different this week?

Think about it.

 
At 4:04 PM, November 19, 2006, Anonymous Anonymous said...

Why in God's name would you need SEVEN people to cover that game. What a waste of money and resources. Do you think the viewing public really cares there were that many people there? All people want to see is the game, and if they missed it, the highlights. Interviews=Boring

 
At 8:28 PM, November 19, 2006, Anonymous Anonymous said...

As usual someone doesn't know what they are talking about. Look at the KATV rating for Sunday night sports show.It is acyually higher rated than the weekly 5 and 6p newscast. Also as a note, reporting sports on a local side is not journalism. You should be a homer. That is what the fans and the viewers want from sports anchors. Save the serious stuff for the news desk and weather.

 
At 8:33 PM, November 19, 2006, Anonymous Anonymous said...

If it's the largest story and needs to have all sides reported then send the house. Whether we like it or not the Razorbacks are the largest story in the state right now. It's not just about the game but how it effects the economy and how it is changing people's lives on a daily basis.

 
At 9:56 AM, November 23, 2006, Anonymous Anonymous said...

Speaking as a FOX 16 employee, we're pretty much in wait and see mode. There's no need right now to worry about packing up the shop just yet, but I guess if another company bought us, that issue would probably come up. Either that, or the business office would have to work on a rent schedule. I'm not sure if Clear Channel would force us to move in the event of a sale, but it certainly would suck for us if they did. Our station has sunk a lot of money into this facility, and whatever you think of our newscast, you have to admit our set and equipment is not shabby.

____________________________________


Yes, a great set and good equipment. Great talent too, but what good is all that stuff when your product suggests that poorly trained chimps and crackheads are operating it? Two words for starters: spell check.

 
At 9:48 AM, November 25, 2006, Anonymous Anonymous said...

"As usual someone doesn't know what they are talking about...."

Ummm, it's you that doesn't know what you're talking about.

- Ratings are a relative sample of the number of people watching television at any given time. A huge rating on Sunday evening doesn't mean compared to the weekday evening news. People just aren't watching television in great
numbers on Sunday evening.

- You're also wrong on local sports not being journalism. Do you ever see any of the local newspaper folks gloating over the teams they cover? The answer is no. And before you chime in with Wally Hall, remember he's a columnist (and not a very good one at that).

 
At 2:36 PM, November 25, 2006, Anonymous Anonymous said...

I know Wally Hall and you my friend are no Wally Hall!! I do know what I'm talking about but you make a good point about the ratings, The true measure is in thousands. You will find that it is very close to the same. What stories do you ever break with sports? Very few. It's usually just reporting the scores and then showing a clip of a coaching giving their take. That's not journalism. Now if you and no one else could prove that Nutt was leaving to go coach at Miami and tell the story then that would be journalism. The viewer wants a homer for the sports. By the way, I watched coverage of LSU game. I would give KARK the best mark and THV second. 7 was weak and Fox just doesn't have the horses. In Ft.Smith I was told that KFSM did their pre-game from the studio. That's sad!

 
At 7:12 PM, November 26, 2006, Anonymous Anonymous said...

Hate to admit it but Razorback Nation ran away with the win. KATV was huge disappointment. So much for being the Razorback station. That trophy is now at 4.

 

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