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Tag Archive for ‘WTVJ Sale’

Breaking News: Post Newsweek Backs Out of WTVJ Deal

Published by Alex on 12/23/2008 in Local Media and WTVJ Sale.

Updated: 9:30 PM 12/23/2008

Breaking news: Announced late on the WTVJ 6PM news by Joel Connable. The sale of WTVJ, an NBC O&O station, has been called off by Post Newsweek.

In a joint statement issued today:

“The Washington Post company and NBC Local Media today announced that the intended sale of WTVJ to the Washington Post company will not move forward. Given the current economic environment, and the delay in receiving the necessary regulatory approval, the deal has been terminated. The purchase of WTVJ was scheduled to close by the end of 2008.”

This is great news for the folks against the sale of WTVJ, and it’s long history. There is no word yet if NBC will put WTVJ back up on the market, or retain it as an NBC O&O station. Tips have been coming in for about a week now, hinting that Post Newsweek would back out of the sale, thanks to a delayed FCC hearing… and today, it looks like they did. We’ll pass on the info as we receive it.

(Click Below For Updates! Last update: 9:30 PM 12/23/2008)

Continue reading ‘Breaking News: Post Newsweek Backs Out of WTVJ Deal’

63 Comments Tags: nbc6, post newsweek, WTVJ, WTVJ Sale.

Group Against WTVJ Sale Responds to Herald TV Critic Comments

Published by admin on 10/21/2008 in Local Media and WTVJ Sale.

The Coalition of Concerned Citizens, which is trying to stop the WTVJ merger, has responded to what Herald TV Critic Glenn Garvin had to say about WTVJ merging with WPLG.

Garvin called those opposing the sale “a ragtag collection of WTVJ employees worried about layoffs, addled anti-corporate activists and cynical political opportunists”.

In the letter the coalition points to something interesting. When NBC was buying Telemundo in 2003 they argued to the FCC that the takeover should be approved because Telemundo competes in a separate market.

You can read the whole letter here

2 Comments Tags: WTVJ, WTVJ Sale.

Post Newsweek Execs: You Are “Ground Clutter”

Published by admin on 9/29/2008 in Local Media and WTVJ Sale.

Yes people. Post-Newsweek executives think you and your standing in the way of them buying WTVJ is the usual “ground clutter”.

This from an article today in the local Daily Business Review (reg. required):

Post-Newsweek executives say the petition filed this month with the FCC against its purchase of WTVJ, Channel 6, by the Coalition of Concerned Citizens for Competition and Fairness in Broadcast Journalism is nothing but the usual “ground clutter” found in such acquisitions. The executives say the sale is best for WTVJ and its viewers in what has become a saturated and rapidly changing news market.

The article also says a lot of the people involved in the opposition are WTVJ staffers! Hm, so much for yelling and threatening people with firing for talking to this blog then.

/via Save WTVJ/

9 Comments Tags: WTVJ, WTVJ Sale.

DOJ Kills Richmond, VA CBS-FOX Duopoly

Published by admin on 9/13/2008 in Local Media, Media Headlines and WTVJ Sale.

In light of the DOJ involvment into the WTVJ-WPLG merger I thought this was interesting.

Sinclair Broadcasting made a move to buy WTVR, the CBS affiliate in Richmond, VA, from Raycom Communications while still owning WRLH, the FOX affiliate in the same market.

All was said and done until the DOJ rejected the deal last month. Sinclair says they were going to sell WRLH to Carma Broadcasting LLC to avoid owning two stations in the same market but DOJ still rejected them. I’m guessing here that WRLH and WTVR are in the top 4?

DOJ didn’t specify why they rejected the acquisition leaving Sinclair to guess that it might have something to do with their duopoly. Apparently DOJ can nix any deal without giving a reason.

found via Save WTVJ blog

1 Comment Tags: doj, sinclair, wtjv, WTVJ Sale.

WTVJ Sale Deal in Trouble

Published by Alex on 9/12/2008 in Local Media and WTVJ Sale.

This article appeared on FTVLive today. It is true according to people involved and NBC executives have confirmed it.

NBC 6 Sale hits a snag:

“It appears that the WTVJ (NBC O&O Miami) sale maybe in trouble.
Insiders tell FTVLive that the Department of Justice has been in Miami and looked at the client lists for the two stations and there’s concern that Post Newsweek may have too much of the market and the deal could be in trouble.
If so, this is a big issue for the NBC-Local Media Group. They needed the money from the WTVJ  sale to cover budget misses. If the sale doesn’t go through, you could be looking at some more very deep cuts at the O&O’s”
The one bad side of it is that Dave Boyland told several people that the sale will still go through. It just may be delayed until February.
19 Comments Tags: nbc6, post newsweek, WTVJ, WTVJ Sale.