Reuters is reporting that Northwest Broadcasting’s Brian Brady is joining forces with private equity Apollo Global Management to make a bid for Tribune Media. The report also says that Nexstar is in the Tribune chase and that if it fails it will turn its sights on Cox Media’s TV group, which includes three Top 25 ABC affiliates.
The head of the station group takes to his stations’ websites to offer his take on the blackouts and retransmission consent negotiations with the cable carrier (locally Charter) that broke down over the weekend and caused blackouts of 11 Northwest stations in nine markets. He points the finger directly at Spectrum CEO Tom Rutledge.
SNL Kagan researchers and broadcasters at the SNL Kagan conference in New York agreed that retrans revenue — projected at $6.3 billion this year and $7.2 billion next year — will continue to grow at least through 2021.
The broadcaster asks the FCC for ’emeregency” relief, claiming the satellite provider is not negotiating in good faith over a new distribution contract.
Brian Brady’s Cedar Creek Broadcasting is buying the St. Louis and Columbia, S.C., stations that had fallen into bankruptcy under Roberts Broadcasting.
The former Fox affiliate board chief and owners of several other stations has agreed to buy KYMA from James Rogers’ Intermountain West Communications for $1.3 million.
The network sent a letter to the individual affiliates saying it has made no progress negotiating a retrans sharing deal with the affiliate board. So now it wants to negotiate with the stations individually, adding that if a station doesn’t agree with its demands for a cut of their retrans dollars “Fox will have to pursue different distribution channels to receive fair value for our programming and continue to serve our viewers.” Affiliate board Chairman Brian Brady counters that Fox has failed to negotiate in good faith and is engaged in a “divide-and-conquer” strategy.