Posts Tagged ‘WFNA’

The FCC approves Media General-LIN merger…

On Friday the FCC approved the merger applications of Medial General Inc. and LIN Media LLC. The merger should be completed by the end of next week.

The deal, announced in March, creates one of the nation’s largest broadcast television station companies in, which will own and operate or service 71 television stations in 48 U.S. markets. The new mammouth Media General will reach an estimated 23 percent, of U.S. television households.

In Florida that means that changes are coming and new duopolies will be created.

            

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12 2014

Media General, LIN, Hearst, Sinclair, Meredith bounce around stations…

(from TVNewsCheck.com) – Media General Inc. and LIN Media today agreed to sell or swap television stations in five markets to comply with FCC ownership rules affecting the merger they announced on March 21. Media General also announced today that in light of the loss of CBS affiliation of LIN’s WISH Indianapolis, it was lowering the per-share price of the deal from $27.82 to $25.97.

Regulatory authorities are requiring the divestiture of stations in the following markets: Birmingham, Ala.; Providence, R.I.-New Bedford, Mass.; Mobile, Ala.-Pensacola, Fla.; Green Bay-Appleton, Wis.; and Savannah, Ga. The companies said they believe that no other market divestitures will be required….Cont…

According to TVNewsCheck.com, in Florida the changes go as follows…

Media General will acquire WTTA-TV in the Tampa/St. Petersburg market. Of course Media General already owns WFLA-TV in that Tampa, it’s second largest. We here at Florida News Center predict that WTTA will move to WFLA’s downtown Tampa studios and once again share newscasts.

Meredith Corp will take WALA-TV away from LIN TV, in the Mobile-Pensacola market for a mere $86 million.

 

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08 2014

The FCC tightens media ownership/”sharing” rules…

(from TheHill.com) – The Federal Communications Commission voted Monday to crack down on cooperation between broadcasters.

In a contentious vote that attracted scrutiny from Republicans in the agency and on Capitol Hill, the FCC approved an order that will keep broadcast companies from sharing resources on advertising sales.

Under current FCC rules, a single broadcast company cannot own more than one of the top four broadcast stations in a media market.

But prior to the agency’s actions on Monday, a broadcast company could use a Joint Service Agreement (JSA) to control advertising sales across multiple broadcast stations. Critics of this practice said it allowed broadcasters to control multiple stations in practice without technically violating the agency’s ownership rules….Cont….

How could this impact Florida? There are seven markets in Florida where a company owns, manages or has influence on more than one TV station in a market: West Palm Beach (WPTV & WFLX), Jacksonville (WAWS & WTEV, WTLV & WJXX), Pensacola/Mobile (WEAR & WFGX, WPMI & WJTC…soon to be WKRG/WALA/WFNA), Fort Myers (WBBH & WZVN), Tallahassee (WTWC, WTLH, WTLF), and Gainesville/Ocala (WGFL, WMYW, WNBW), Orlando (WOFL & WRBW), Miami (WTVJ & WSCV).

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04 2014

WKRG to get a new set…a hint to the future?

WKRG announced on it’s Facebook page last week, that the Mobile/Pensacola station will be getting a new set. The new set will debut in the next “2 to 3 weeks.”

The current station set is being dismantled and will be donated to local schools.

Last week, Florida News Center told you that a merger deal had been made between Media General (the owners of WKRG) and LIN TV (the owners of WALA and WFNA). WKRG, WALA, and WFNA are all three in the Mobile/Pensacola market. There was been much speculation which of the three stations with be kept by the new “merged” company, to be known as Media General. The fact that WKRG is getting a new set, might be a clue to which station”s” the new company plans to keep. The investment into these new updates at WKRG, might be worth holding onto by the soon-to-be larger Media General.

Stay tuned to Florida News Center for pictures and multimedia of the new changes at WKRG and the future status’ of WKRG, WALA, and WFNA.

//hattip to Examiner

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03 2014

WKRG/WALA/WFNA now in play from MG/LIN merger…

(from TVNewsCheck.com) – Before they can close their proposed $1.6 merger, Media General and LIN Media will have to sell or swap stations in five markets to comply with FCC rules limiting common ownership of more than one station in a market, Media General CEO George Mahoney told securities analysts following the announcement of the mega-deal this morning.

Media General and LIN have overlapping stations in five markets — Providence; Savannah, Ga.; Birmingham, Ala.; Mobile, Ala.; and Green Bay, Wis.

In Mobile, Media General owns WKRG (CBS); LIN owns WALA (Fox) and WFNA (CW).

In Providence, Media General owns WJAR (NBC); LIN owns WPRI (CBS) and operates WNAC (Fox) through a marketing agreement….Cont….

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03 2014