Cox Puts 14 TV Stations On Auction Block

“Our analysis shows that scale is critical to be successful. We firmly believe that our great stations – and talented people – will need to be part of a larger entity to thrive in the future," says Cox Media Group President Kim Guthrie in memo to employees. “Success will depend on our stations ability to drive digital growth and approach relationships with networks and distributors from a position of strength."

Cox Media Group is looking to sell its 14 TV stations in 10 markerts or merge them into a larger station group, according to an internal announcement obtained by TVNewsCheck.

“It’s important you know that this decision was not taken lightly,” says the memo from CMG President Kim Guthrie.

“Our analysis shows that scale is critical to be successful. We firmly believe that our great stations – and talented people – will need to be part of a larger entity to thrive in the future.

“Success will depend on our stations ability to drive digital growth and approach relationships with networks and distributors from a position of strength.

Related Story  GatesAir Upgrades TV Transmitters For Rocky Mountain PBS Stations

“This decision will likely mean that we will no longer solely control our existing TV portfolio.”

Shortly after the internal announcement, Cox made a public one.

BRAND CONNECTIONS

The public release said that parent Cox Enterprises has no immediate plans for CMG’s radio stations, newspapers and other businesses, which include Cox Reps, Gamut, Videa and Ideabar.

“Cox’s television stations are and will always be an important part of our company’s history, and we greatly value the contributions of these stations to the success of our company and to the communities where we do business,” said Jim Kennedy, chairman of Cox Enterprises, in a statement.

“We are deeply appreciative of the employees at these stations and their dedication to delivering quality, consistent and trustworthy journalism.”

Related Story  What To Gossip About? Virus Changes 'TMZ'

The 14 stations (and their affiliations):

WFXT Boston (Fox)

WSB Atlanta (ABC)

WFTV-WRDQ Orlando (ABC-Ind.)

WSOC-WAXN Charlotte (ABC-Ind.)

WPXI Pittsburgh (NBC)

WHIO Dayton (CBS)

KIRO Seattle (CBS)

WJAX-WFOX (CBS-Fox) Jacksonville, Fla.

WHBQ Memphis (Fox)

KOKI-KMYT Tulsa (Fox-MNT)


Comments (34)

Leave a Reply

Trip Ericson says:

July 24, 2018 at 1:39 pm

I’ve long thought a Cox-Meredith merger would make sense. IIRC, only Atlanta would overlap, and WGCL could be sold to Gray-Raycom or CBS.

Rebecca says:

July 24, 2018 at 1:39 pm

What does this mean for the Washington Bureau?

    will says:

    July 25, 2018 at 2:36 am

    If I worked for Cox’s DC bureau I’d be freshening my audition tape right now.

announmoustv says:

July 24, 2018 at 3:43 pm

Sinclair now that tribune went under, they are prob hungry for some of these

    Charles Everett says:

    July 24, 2018 at 5:31 pm

    When even the FCC called out Sinclair for lack of candor?
    Television broadcasting is not a glorified fantasy football game.

    will says:

    July 24, 2018 at 10:46 pm

    Sinclair will be lucky to retain the stations they already to have due to their well-documented “character” issues exposed in the Tribune fiasco.

Young Timer says:

July 24, 2018 at 3:59 pm

If ABC, CBS or NBC are playing their cards right, they’ll swoop into Atlanta and grab WSB-TV very quickly. For the past 70 years, dials have rusted on Channel 2…. it’s a well-known joke that WSB-TV can put up color bars and tone at 6 PM, and get a 40 share. It is the singular prize of any Cox sale. Next would come Orlando, Seattle and Charlotte. But somebody better grab WSB quick.

    judy says:

    July 24, 2018 at 5:01 pm

    hope so

    RIDGELINE-TV says:

    July 24, 2018 at 7:17 pm

    Great. WSB TV is to be sold. Now another incompetent group of Yankees can ruin another Southern broadcasting icon the way they did with WTBS / Turner Broadcasting.

Carl Sizemore says:

July 24, 2018 at 4:09 pm

Maybe UD will buy WHIO, they’re in their back pocket anyway.

Keith Radford says:

July 24, 2018 at 4:13 pm

Sounds like a perfect fit for Scripps. I don’t think there is a single market that would overlap.

    MattiPat says:

    July 24, 2018 at 7:48 pm

    Wrong. Look at Tulsa

    will says:

    July 24, 2018 at 10:47 pm

    Has Scripps moved the needle in Buffalo or Denver? Their Baltimore station is a also-ran, too.

Johnathan Williams says:

July 24, 2018 at 5:54 pm

Goes to show you the unhealthy state of the Local Broadcast business and what future values will be when a great company like this is looking to exit the business…

Johnathan Williams says:

July 24, 2018 at 5:56 pm

I hope all the people who thought it was a great idea to deregulate this once fine business (blowhard politicians who never had a real job) are proud that they have destroyed a once great business..Is there not anything that these politicians touch that they don F….up!!! Way to go you Harvard Scholars!!!!

    hmmmm says:

    July 24, 2018 at 6:28 pm

    please explain your logic, dereuglation probhibts broadcasters from expanding and ultimetly comepeting with your news source thats in your pocket: the internet, tvnewscheck your pollitical views paper of choice. The rules were designed when there were two sources of communication, and five different channels, deregulation needs to happen and isn’t here. So now they are regulating the industry so they cant expand i just dont see your logic

      Johnathon Williams says:

      July 24, 2018 at 7:14 pm

      I’m just so stupid I don’t know how to tie my shoes. Obviously, I can’t walk and chew gum at the same time either.

      Johnathan Williams says:

      July 25, 2018 at 7:33 am

      My logic is when they deregulated (if you were paying attention) they lifted the 25% cap and opened up a great business ,which was serving the public well, to what it is today…A mish-mash of signals, pathetic local news from also-ran companies trying to get a .5 rating so they can hound the political buyers for $$….Did you miss the last 20 years?? Also to the other Johnathon Williams ..Nice try RidgelineTV ..Go back to your pathetic newsroom and write copy for car crashes in Butte Mt.

        RIDGELINE-TV says:

        July 25, 2018 at 10:13 am

        Hey, if I need to slap you around, I’ll use my real name (unlike yourself). Now go let mommy change your dirty diaper (consider yourself slapped around.)

          Johnathan Williams says:

          July 25, 2018 at 1:35 pm

          Use your real name so I can come find you..Dare you!!

          Johnathan Williams says:

          July 25, 2018 at 6:48 pm

          Like I thought RidgelineTV..Hayseed Georgia/North Carolina..whatever…Appalachia..Need I say more????

          RIDGELINE-TV says:

          July 25, 2018 at 8:48 pm

          Fake user “JOHNATHAN WILLIAMS”: Coward. Need I say more? (Oh yeah, Anonymous COWARD.)

          Johnathan Williams says:

          July 26, 2018 at 7:29 am

          You will now be referred to a “Hayseed”..Get a real business!!!

Andy Gastmeyer says:

July 24, 2018 at 7:56 pm

Since not a word of it was mentioned in the above, what, if any affect, will the sale of the TV stations have on COX’s pension funding obligations????????????????????????????

188bet says:

July 25, 2018 at 1:27 pm

This website was… how do you say it? Relevant!!
Finally I have found something which helped me. Thank you! https://gamergen.com/redirect/?url=http://keo365.com/the-thao

link 188bet says:

July 25, 2018 at 2:30 pm

If some one wishes expert view on the topic of blogging then i recommend him/her to pay a visit this website, Keep
up the fastidious work. http://www.graysonline.com/cartsummary.aspx?Returnurl=http://www.mbet88vn.com

link 188bet says:

July 26, 2018 at 12:10 pm

Pretty! This has been an extremely wonderful article.
Many thanks for supplying this information. http://condense.it/keonhacai64004

Rejuva Brain Health says:

July 26, 2018 at 5:48 pm

You are a very capable individual!

www.ubuntu.ca says:

July 31, 2018 at 9:47 pm

Singing wⲟrѕhip songs is ցood but that?s not the only technique to worship.?
Daddy stated, perhaps to make Larry stop singing. ?There
аre lots of ways to worship.

www.lowsodium.com says:

August 3, 2018 at 1:52 am

If you aгe the type оf one who is lower than thrilled with the prospect of workіng in the identіcal office, dɑy aftеr day, eⅼiminating this form of roսtine is
likely one of the most esѕential highlights you cɑn reϲeive from freelancing.
While you hire yourself out as a freelancer, each job project that you just take on wilⅼ likely be a
new adventure. Not solely will the woгk setting differ, but adⅾitionally, you will have the
opportunity to satisfy many more intеresting people. This issue alone is wіthout doᥙbt one of the predominant reasons why many paralegals prefer freelancing over committing themselves to one specific
workрlace.

yahoo.org says:

August 4, 2018 at 1:45 pm

DaԀdy wins!? The twins declared.

http://stlrenfestwiki.com/ says:

August 18, 2018 at 1:09 am

Vamos utilizar PDT para fabricar nossos ficheiros PHP. http://stlrenfestwiki.com/index.php?title=Curso_De_PHP_E_MySQL_Essencial


More News