• My Account
  • Your Profile
  • Member Archives
Sunday, May 29, 2022
Cart / $0.00

No products in the cart.

  • Login
  • Register
Fybush.com
  • Home
  • Archives
  • My Account
  • Store
    • Cart
    • Checkout
  • About/Contact
    • Scott Fybush
    • Copyright Information
    • Privacy Policy
  • Fybush Media
  • Links
No Result
View All Result
Fybush.com
  • Home
  • Archives
  • My Account
  • Store
    • Cart
    • Checkout
  • About/Contact
    • Scott Fybush
    • Copyright Information
    • Privacy Policy
  • Fybush Media
  • Links

No products in the cart.

No Result
View All Result
Fybush.com
No Result
View All Result

NorthEast Radio Watch 2/28/2022: New Owner for WFXT

Scott Fybush by Scott Fybush
February 28, 2022
in Free Content, Northeast Radio Watch
1

In this week’s issue… Cox, Standard split up TEGNA – FLN buys in Erie – More noncomms granted – GBH leader to retire

By SCOTT FYBUSH

Jump to: ME – NH – VT – MA – RI – CT – NY – NJ – PA – Canada

*Two New England TV stations are swapping owners as part of a much larger deal that will change control of one of the nation’s largest TV ownership groups.

Soo Kim’s Standard General investment firm already has broadcast interests in the region. Its Mediaco group owns WBLS (107.5) and WQHT (97.1) in New York, and its Community News Media group owns WLNE (Channel 6) in the Providence, RHODE ISLAND market along with several stations in Nebraska.

But Kim has had his sights set on a much bigger group of stations. He’s been leading a proxy fight to take over Tegna, the former Gannett TV group that owns 64 stations in 51 markets. In NERW-land, that includes MAINE‘s NBC affiliates, WCSH (Channel 6) in Portland and WLBZ (Channel 2) in Bangor; the Fox and CW outlets in CONNECTICUT, WTIC-TV (Channel 61) and WCCT-TV (Channel 20); Buffalo NBC affiliate WGRZ (Channel 2); ABC affiliate WNEP (Channel 16) in Scranton and Fox affiliate WPMT (Channel 43) in York, Pennsylvania.

In a four-phase deal agreed upon last week, Standard General will sell its existing CNM stations, including WLNE, to Cox Media Group. Standard General will then form a new affiliate that will acquire Boston Fox affiliate WFXT (Channel 25) from Cox, then acquire the Tegna stations and take them private. Finally, the new Standard General-owned TV group will spin off a major group of Tegna-owned stations in Dallas, Houston and Austin, Texas to Cox.

The deal is valued at $5.4 billion plus acquisition of $3.2 billion in debt, and it requires some significant regulatory approval, since it involves funding from Apollo Global Management on both ends. Apollo owns and runs Cox Media Group, and will have a non-voting interest in the new Standard General-owned group made up of the former Tegna stations – assuming the FCC and Justice Department approve of the arrangement.

So how does it play out for the stations changing hands? Read on…

LAST CHANCE!

The Tower Site Calendar is nearly sold out.

We have only a few copies left, and then it’s gone.

If you haven’t ordered yours, now is the time. Click here.

Log In


Join Now | Lost Password?

Share this:

  • LinkedIn
  • Twitter
  • Pocket
  • Print
  • More
  • Facebook
Tags: Amber MillerBeat the PressBrian BourkeCFGMCFMHCFRPCHLCCHOCCJFHCKGLCKVRCoxGBHHannah ByromJessie SabellaJon AbbottKevin MarksMalaysiaStandardStewart CoxfordTEGNAWAMOWCGEWCSHWCTOWFCPWFXTWGBHWGRZWHYU-LPWJXAWLBZWLNEWNEPWPMTWPXIWRFFWRRIWTICWTIC-TV
Previous Post

Site of the Week 2/25/2022: Charlottesville, Virginia

Next Post

Site of the Week 3/4/2022: Virginia’s Shenandoah Valley

Scott Fybush

Scott Fybush

Editor/Publisher, NorthEast Radio Watch and Tower Site of the Week

Related Posts

NorthEast Radio Watch EXTRA: Remembering Bill O’Shaughnessy
Free Content

NorthEast Radio Watch EXTRA: Remembering Bill O’Shaughnessy

Remembering one of radio's most colorful figures, Bill O'Shaughnessy

by Scott Fybush
May 28, 2022
WBDR studio
Free Content

Site of the Week 5/27/2022: Once More Unto Watertown

A look inside a venerable Watertown broadcast facility, with some recent updates

by Scott Fybush
May 27, 2022
NorthEast Radio Watch 5/23/2022: WNY FM Returns From Deletion
Free Content

NorthEast Radio Watch 5/23/2022: WNY FM Returns From Deletion

In this week’s issue… WGWE license restored - WATR's new owners - Remembering Cappelletti - New HD sub in NYC - Preston and Steve stick around

by Scott Fybush
May 23, 2022
WMSA and Stephens
Free Content

Site of the Week 5/20/2022: Watertown and Vicinity, Once Again

TV sites south of Watertown, and a few up in the North Country, too

by Scott Fybush
May 20, 2022
Next Post
WSVA 550

Site of the Week 3/4/2022: Virginia's Shenandoah Valley

Please login to join discussion

Log In


Join Now | Lost Password?

Get Fybush.com Updates

Get Fybush.com updates emailed directly to your inbox!

Fybush.com Twitter List

My Tweets

© 2022 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result
  • Home
  • Archives
  • My Account
  • Store
    • Cart
    • Checkout
  • About/Contact
    • Scott Fybush
    • Copyright Information
    • Privacy Policy
  • Fybush Media
  • Links

© 2022 JNews - Premium WordPress news & magazine theme by Jegtheme.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
 

Loading Comments...
 

You must be logged in to post a comment.