All new acct registrations in the queue as of 10/14 at 10:00a ET have been activated. Want to share your favorite Buzzboard posts with your social media page readers? Now, there's an easy way to do it! Visit this page for instructions: viewtopic.php?f=39&t=47643

(Note: hover your mouse pointer near the upper right corner of this box and click the "x" to close it.)

Sinclair aquires Tribune including Fox 17 (Update: WXMI is divested; buyer is Standard Media!)

Discussion pertaining to Grand Rapids, Kalamazoo, Muskegon, Battle Creek, Big Rapids, and Michiana
User avatar
MWmetalhead
Site Admin
Posts: 5877
Joined: Sun Oct 31, 2004 11:23 am

Re: Sinclair aquires Tribune including Fox 17 (Update: WXMI is divested; buyer is Standard Media!)

Post by MWmetalhead » Tue Apr 24, 2018 9:57 pm

Another article on the matter:
http://www.adweek.com/tvspy/standard-me ... ons/203437

Further info:
https://en.wikipedia.org/wiki/Standard_General
http://standardgenerallp.com/

They're paying $441 million for these nine medium market stations. Some are better than others. It's probably safe to say at least $50 million in value was ascribed to WXMI. Perhaps as much as $65 million?


Radio's downfall has been under-investing in its core competency and becoming distracted by delusions of grandeur by thinking development of a half-assed national digital strategy will somehow put it on par with the Facebooks and Googles of the world.

inmyopinion
Posts: 62
Joined: Fri Mar 04, 2016 10:25 am

Re: Sinclair aquires Tribune including Fox 17 (Update: WXMI is divested; buyer is Standard Media!)

Post by inmyopinion » Wed Apr 25, 2018 10:57 am

This is good news to both 17 and the folks at 3. The WWMT newsroom was equally, if not more, worried about Sinclair's possible ownership of two stations (if granted approval) due to Sinclair's history of merging jobs in its two station markets. In the proceedings filed, you see Sinclair chose to get rid of some of its current stations to instead keep its new station acquired from Tribune, a strategy that some feared would happen in the West Mi market also, but didn't happen.



Post Reply Previous topicNext topic