KFSM Sold
KFSM-TV(Ft. Smith/Fayetteville) which is owned by the NY Times is being sold to Oak Hill Capital Hill Partners. The sale includes the other eight stations owned by the Times. New York Times decided to sell the broadcast group last year, so that it could focus on its newspapers and digital business.
posted by ATN @ 9:49 PM
48 comments
48 Comments:
Oak Hill Capital www.oakhillcapital.com
Sorry
It doesn't matter, the NYT Broadcast group already has an established upper management. Things should stay nearly as-is.
Flip these stations. They'll cut staff and cut spending in order to drive the cash flow up and then sell for a very nice ROI.
LOL... thats what NYT did. If they cut us anymore we'd have to start airing more Andy Griffith. If Oak Hill cuts us, it won't be anything new.
the ax will start falling.
good thing, too. there are too many bad broadcasters at kfsm. its time to clean up shop...and I work there!
I'd rather watch Andy Griffith than a lot of news in Arkansas
good thing, too. there are too many bad broadcasters at kfsm. its time to clean up shop...and I work there!
I'm sure you work there...
I think they'll be just fine. It's not like the NYTimes were giving them much to work with anyways. They'll continue to be #1 as they have been.
The signed agreement with Oak Hill maintains employment, benefits, salaries, etc. You can stop with all the speculation before it even starts. NYT protected its employees in the sale.
Also, if you can add, you will know that the price is a huge multiple for the stations. They won't flip them at that price.
Thats an excellent point, Oak Hill would have a hard time re-selling them at the price they paid for them. If anything, you all (the competition) are just scared because a company with a lot of money purchased us and we might have something to work with now. :-p
When the ownership rules get relaxed, the multiples will sky rocket. Look ofr lots of action then, including Allbritton.
Allbritton couldn't afford to stay in the bidding this time.
Hey Fort Smith.
Whatever you think! Get ready lot's of changes on the way. Show me an ownership change especially a non-broadcast company that doesn't make cuts almost immediately. Let's also not forget that they will be asking for more revenue! What about protecting it's employees? Yea right. Maybe at the top. What a joke!
"It's difficult to tell from this vantage point whether they will consume the captive employees or merely enslave them. One thing is for certain: there is no stopping them; the investors will soon be here. And I for one welcome our new investor overlords. I'd like to remind them that as a trusted TV personality, I can be helpful in rounding up others to toil in their underground sugar caves."
The new company can't make cuts. The NYT has stripped KFSM of staff and shorted them on equipment.
Look for KFSM to increase staff and add equipment in the next few years. The only job cuts will come from the top.
The new management might actually make the KFSM sports team go and cover a road football game, or (gasp!)... a BOWL GAME.
You mean the bowl game that Razorback fans couldn't give away their tickets to?
P.S. Keep mocking the way we do things all you want. All that means is you aren't wising up and we'll clobber you in February. Again.
maybe the new owners will get rid of that guy, darren. i cant stand watching him. its like a skin earthquake.
When the ownership rules get relaxed, the multiples will sky rocket. Look ofr lots of action then, including Allbritton.
The action has already begun! Look at what's going on at KFTA/KNWA. the synergy at those stations will make them very profitable--not to mention the biggest media outlet in the market
Don't count on the ownership rules being relaxed for some time. A shift to a democratic congress and the congressional leaders that have moved into positions of FCC oversight are pro-restrictions. As for Oak Hill, the firm probably has a three to five year plan for bottom line growth and and an exit strategy already in place.
KFTA/KNWA the biggest media outlet in town??????
Oh come on!!! HA HA HA HA HA
Keep on drinking that koolaid over there! LOL
Hey, maybe you guys can take over KPBI next so that KFTA will no longer be #5 in the market!
What's all the fuss about? It's only Northwest Arkansas.
Kool-Aid huh? Let's see who needs a job soon.
There is so much synergy at KFTA its 9PM news drew a 0.0 rating!
I'm not defending them but it wasn't a 0.0 rating.
Actually, it was.
And as far as jobs go, we actually will be expanding under the new owners.
Really? You should check your glasses!
Anyway, Old-timey broadcasters will be left behind to squabble over 5p news shares while progressisve staions will grow audience and revenue shares--on-air and off!
Or "old timey" stations will boost their numbers year to year, drive up their web hits, and increase their share of the market buy.
Put your money where your mouth is.
I wonder how the new owners will handle this weekend's WINTER STORM!!!
ahhh, I was waiting for the WINTER STOOORRMMMM!
I'm sure the new owners won't be in town to care about the WINTER STORM!
They will be there just long enough to have a staff meeting and say they are excited about the station and that they see no changes of a good thing and then leave town just quick enough to make cuts, lose a few people and demand more revenue. Welcome to the real world.
The new owners won't cut anyone. There's no one left to cut, NYT has had a hiring freeze for 3 years and many employees haven't been replaced.
They're not cutting anyone, there would be no newsroom left. KFSM has a total of like 30 employees in 2 locations.
I heard that KFSM is hiring people
I wonder who is going to get the boot first? The producers or the directors? Maybe the poor camera people, They might even save more money by letting go of Darren Boob..oops I mean Bob!
MAYBE... Oak Hill will buy out this blog and fire you jokers who have NO CLUE what you are talking about.
so maybe now that they will have some money - maybe their anchors and reporters can get some help with their costumes and looks... i mean gooood lawd!
Come on. Rate their people in order of who is best looking.
I can promise you the last thing on the new owners minds is getting the anchor/reporters some more money for clothing allowances.
This is getting good!! They name radio people to run their tv stations. Darren B should fit right in.And you all said there wouldn't be changes. Now let's see what happens.
At least the weather people dress decent!
maybe the new owners will get rid of that guy, darren. i cant stand watching him. its like a skin earthquake.
skin earthquake .. very funny, Craig. I wonder what Daren would look like with half of that skin earthquake moving.
I wonder who is going to get the boot first? The producers or the directors? Maybe the poor camera people, They might even save more money by letting go of Darren Boob..oops I mean Bob!
boob .. how orginal .. how long did it take for you to think of that one .. very smart...
I wonder who is going to get the boot first? The producers or the directors? Maybe the poor camera people, They might even save more money by letting go of Darren Boob..oops I mean Bob!
yeah .. i'll bet this creative genius works in the 40/29 creative services dept.
Nah, 40/29's creative services folks aren't associated with anything that's rated #1.
except you... you're a #1 asshole
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