The sale of WGN Chicago by Sinclair Broadcast Group to WGN TV LLC tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA/Kelsey.
WEEK ENDING MARCH 5
Station Trading Roundup: 3 Deals, $87.3M
WGN Chicago — PRICE: $60,000,000 BUYER: WGN TV LLC (Steven Fader, president/sole member) SELLER: Sinclair Broadcast Group (Christopher Ripley, president/CEO) FACILITIES: DTV Ch. 19, 645.000 kW, ant. 1,486 ft. AFFILIATION: IND COMMENT: The assignment will take place immediately prior to the closing of the Sinclair-Tribune merger transfer of control.
***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** *****
WPIX New York — PRICE: $15,000,000 BUYER: Cunningham Broadcasting (Michael Anderson, president) SELLER: Sinclair Broadcast Group (Christopher Ripley, president/CEO) FACILITIES: DTV Ch. 11, 7.500 kW, ant. 1,329 ft. AFFILIATION: CW COMMENT: The assignment will take place immediately following the transfer of control of WPIX from Tribune to Sinclair.
***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** *****
WJAX Jacksonville, Fla. — PRICE: $12,272,000 BUYER: Hoffman Communications (Bill Hoffman, president) SELLER: Bayshore Television LLC (Bruce Baker, sole member) FACILITIES: DTV Ch. 19, 1000.000 kW, ant. 955 ft. AFFILIATION: CBS COMMENT: Total consideration for the sale shall consist of buyer’s assumption of the outstanding principal balance of approximately $12,172,000 due and payable by seller to its lenders plus the payment to seller at closing of $100,000.
Comments (17)
Patrick Burns says:
March 7, 2018 at 3:21 pm
How can WGN fetch way more than WPIX which is in mkt # 1 and WGN in # 3
Plus these prices seem oddly way way to low !!!
Just wondering !!
Cheryl Thorne says:
March 7, 2018 at 4:39 pm
This is astounding…15 million for a station in NY and 12.3 million for a station in Jacksonville..What the H has happened to the Local TV business and what am I missing??? Lets say they are doing multiples of 6 times cash flow
That means KPIX has profits of 2-3 million and WJAX about the same..What did Tribune do to that station????
Patrick Burns says:
March 7, 2018 at 4:41 pm
I think it is digital and the huge impact of OTT viewing in prime to Netflix.
Plus no one talks about it but cable ad inserts & NCC sell a boatlaod of time that used to go to the BIG 4
The times are changing very quickly !!!
Cheryl Thorne says:
March 7, 2018 at 5:17 pm
Just amazing…….NY used to be a 1 billion or more local Tv Market ..Even if that’s dropped say 20 % over the past 5-10 years that means KPIX is taking a 2-3 share..??Unless they are not factoring in Digital and other top line revenues or have set up another company for that but then would that not still figure into the sales price..??? What am I missing here??
Trudy Handel says:
March 8, 2018 at 5:42 am
You’re missing that the sale is a transparent attempt to circumvent the ownership rules. Why would you want to charge yourself a ton of money for a station you’re planning to keep under your control?
sajama national park says:
August 13, 2018 at 7:08 am
Thank you ever so for you article post.Thanks Again. Great.
Chuyển phát nhanh di My gia re says:
August 17, 2018 at 12:45 am
“Muchos Gracias for your article.Really thank you! Will read on…”
Kegel Trainer says:
August 17, 2018 at 7:47 am
I think this is a real great post.Much thanks again.
CCTV packages says:
August 17, 2018 at 9:20 pm
Muchos Gracias for your post. Want more.
pocket pussy says:
August 18, 2018 at 7:05 am
Thanks for the blog post.Much thanks again. Awesome.
Бетсити says:
August 19, 2018 at 12:40 am
I truly appreciate this article post.Really looking forward to read more. Awesome.
Sexy Lingerie says:
August 19, 2018 at 6:45 am
“ItВЎВ¦s actually a great and useful piece of information. IВЎВ¦m happy that you simply shared this helpful info with us. Please stay us informed like this. Thank you for sharing.”
best dildo says:
August 19, 2018 at 9:38 am
Thanks again for the article. Really Cool.
strap on review says:
August 19, 2018 at 11:19 pm
Major thanks for the blog article. Really Cool.
strap ons says:
August 20, 2018 at 1:52 pm
wow, awesome blog post.Really looking forward to read more. Really Great.
Oflease says:
August 21, 2018 at 8:01 am
Thanks again for the article.Thanks Again. Great.