The broadcast executive with nearly 30 years of leadership experience will oversee Nexstar’s KVEO, valleycentral.com and Mission Broadcasting’s KGBT.
Comcast wants the FCC to issue a ruling that Nexstar should be attributed ownership of WPIX New York , which would make it in violation of the commission’s 39% cap on broadcast national audience reach. The cable operator claims Nexstar’s divestiture of the station to meet FCC requirements in its acquisition of Tribune was a “sham.”
Mission intends to use the net proceeds from the new loan to pay down borrowings under its existing revolving credit facility, pay shared service fees to Nexstar and for general corporate purposes.
Mission Broadcasting has promoted Ofelia Castiblanco to station manager and community affairs director of its newly acquired WPIX New York. This comes on the heels of Mission’s acquisition of the station from E.W. Scripps Co. on Dec. 30, 2020. Castiblanco became the station’s community affairs director in January 2020. Just prior to joining the station, […]
Scripps purchased WPIX as part of its acquisition of eight television stations in seven markets from Nexstar. Those stations were being divested in connection with Nexstar Media Group’s acquisition of Tribune Media in September 2019. Scripps granted Nexstar the option to buy back WPIX. The option expired at the end of 2021. Nexstar assigned its option to Mission Broadcasting, and Mission exercised the option.
Mission Broadcasting promotes 21-year veteran Taunya Tourville-Bennett to lead its newly acquired CW-MNT duopoly in Albuquerque, N.M.
The FCC’s Media Bureau has approved the sale of KLJB Davenport, Iowa; KMSS Shreveport, La.; and KPEJ Odessa, Texas, from Marshall Broadcasting to Mission Broadcasting, saying the sale — out of bankruptcy — is in the public interest.
Nexstar has transferred its option to purchase Scripps’ New York CW affiliate WPIX to Mission Broadcasting and Mission has exercised its option to purchase the station for $75 million plus accrued interest, to be calculated on the period between the Sept. 19, 2019, purchase date of WPIX by Scripps and the option sale closing date.
Mission Broadcasting has named Stephen Daniloff corporate director of sales. He most recently was VP-GM of Nexstar’s WBRE, Wilkes-Barre, Pa. At Mission, he will manage an office in Solon, Ohio, and report to Dennis Thatcher, Mission’s president.
Mission Broadcasting said its stations in 18 markets are no longer being carried by Dish Network because of a retransmission consent dispute. The stations were removed by Dish without warning Friday night, Mission said. The broadcaster said it had offered to extend its current agreement so viewers wouldn’t miss the beginning of the NFL playoff but Dish turned it down. Dish said the opposite happened, blaming Mission for the signals being pulled.
In addition, the four — Bounce, Escape, Grit and Laff — have been renewed on 21 other stations, boosting Bounce to 86% of the United States and 95% of African-American households, while Escape, Grit and Laff will now reach 89%, 87% and 90% of all U.S. TV households, respectively.
Lance Carwile, a veteran of Nexstar, Media General and LIN, will oversee programming for the group’s 21 television stations.
The expansion comes from multi-year deals for Bounce TV, Escape, Grit and Laff with Nexstar, Mission and White Knight.
It intends to fund yesterday’s announced purchase of five stations from Citadel Communications and Stainless Broadcasting and to repurchase outstanding 8.875% senior secured second lien notes due in 2017.
Nexstar will acquire WOI Des Moines, Iowa; WHBF Rock Island, Ill., and KCAU Sioux City, Iowa, from Citadel Communications for $88 million and will operate them under a time brokerage agreement. Mission is buying WICZ and WBNP-LP Binghamton, N.Y., from Stainless Broadcasting for $15.25 million in a transaction structured as an asset purchase agreement.
The $270 million deal comprises the 19 stations of Communications Corp. of America and White Knight Broadcasting. Nexstar gets 11, Mission gets eight.
The $16.9 million purchase of WFFF and WVNY announced last year has closed.
According to a KLRT Little Rock, Ark., insider, at least 20 employees of the Fox affiliate were told they would no longer be needed. Another source said that as many as eight people at co-owned NBC affiliate KARK are losing their jobs. The moves follow the duos’ takeover by Mission Broadcsting from Newport Television.
The $60 million purchase of KLRT and KASN is completed and management of the Fox and CW affiliates is being overseen by Nexstar Broadcasting through an outsourcing agreement.
It’s buying KGPE Fresno and KGET/KKEY-LP Bakersfield, both California, from Newport for $35.4 million and, in a separate deal with Mission Broadcasting, is buying WFFF and WVNY Burlington, Vt.
The group owned by Providence Equity has deals with Nexstar for 12 stations, Sinclair for six and Cox for four. It’s still looking for buyers for its remaining five stations.
The new multi-year deal gives the satellite provider rights to Nexstar and Mission Broadcasting’s 55 stations.
Nexstar is paying $18.5 million for Gilmore’s ABC affiliate WEHT and is selling its one-time Fox affiliate WTVW to Mission Broadcasting for $6.7 million while continuing to operate it under a local services agreement. WTVW lost its Fox affiliation because of Nexstar’s running battle with the network over reverse compensation.
David Smith, president and CEO of Mission Broadcasting, died of a massive heart attack over the weekend. Mission owns 16 stations — based mostly in smaller markets in Pennsylvania, Missouri, and Texas — but they are operated by Nexstar Broadcasting as part of duopolies.