station trading

Conditions put on the proposed sale of WADL Detroit to Mission Broadcasting have created a potential drama in the Motor City. Kevin Adell, CEO of Adell Broadcasting, owner of WADL, said he expects the $75 million deal to go through, but said that Mission called the conditions “problematic.” Mission’s bid is being financed by Nexstar Media Group, which wants WADL to become the market’s CW affiliate after Sept. 1, when the CW’s deal with WMYD, owned by E.W. Scripps, expires. Scripps and Nexstar have said the affiliation deal won’t be renewed.

The purchase of WJMN-TV Escanaba, Mich., by Sullivans Landing tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.

The purchase of K26GY-D and K28HI-D Breckenridge, Colo., by Colorado Public Television tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.

The purchase of W34FF-D Panama City, Fla., by Bridge News tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.

Gray trades TV stations in the Cheyenne-Scottsbluff and Casper, Wyo., markets (DMAs 194 and 198, respectively) to Marquee. In exchange, Gray gets Marquee’s FCC permit authorizing the construction of the new, unbuilt KCBU in the Salt Lake City market (DMA 27).

The purchase of WVBG-LD Greenwich, N.Y., by Bridge News tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.

The FCC’s recent Top Four Duopoly rule decision, the agency’s kibosh of the Standard General-Tegna deal and private equity’s uncertainty about bellying back up to the bar all point toward a 2024 that will be relatively short on TV station mergers and acquisitions.

The purchase of three low-power stations by Daystar Television tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.

The purchase of KPPI-LD Garapan-Saipan, Northern Mariana Islands by DB Media tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.

The purchase of 12 stations, by Coastal TV Broadcasting tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.

Red River Broadcast Co., the owner of Fox affiliates KVRR Fargo, N.D., and KQDS Duluth, Minn., is selling the stations to Coastal Television. Coastal operates 10 TV stations in Alaska, Wyoming, New York, Mississippi, Tennessee, Arkansas and Indiana.

The purchase of WIWN Fond du Lac, Wis., by Family Worship Center Church Inc. tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.

The purchase of WJYL-CD Jeffersonville, Ind., by Bridge News tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.

The purchase of K26CV-D Ogallala, Neb., by Flood Communications tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.

The purchase of WQHI-LD Myrtle Beach, S.C., by Daystar TV Network tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.

The purchase of four low-power stations by Bridge News tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.

The purchase of four stations by Bridge News LLC tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.

Reports that Disney CEO Bob Iger is in talks to sell the ABC network are greatly exaggerated, according to sources — and some have a hard time seeing how a deal gets done at all. Insiders emphasize that no banker has been hired and no sales book is circulating. As for reported potential buyer Nexstar, the TV station conglomerate isn’t in a good position to pay what Disney would likely be asking for ABC, according to sources close to the situation.

The storied television network and its stations have been part of Disney for 27 years. But the company’s streaming ambitions may put the unit on the block.

The purchase of three Michigan stations by Morgan Murphy Media tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.

The Disney-owned newsroom was jolted on Thursday after a report suggested that the outlet could soon be expelled from the Magic Kingdom. Bloomberg’s Christopher Palmeri and Thomas Buckley reported that Disney has “held exploratory talks” about selling ABC to Nexstar Media Group. The duo also reported that media mogul Byron Allen has also spoken with Disney about a possible deal.

The Walt Disney Co. said in a statement Thursday that it is “open to considering a variety of strategic options for our linear businesses,” but shot down a report that it was in active discussions to sell its ABC broadcast network and stations. “At this time The Walt Disney Company has made no decision with respect to the divestiture of ABC or any other property and any report to that effect is unfounded,” the statement continued.

Comedian and media mogul Byron Allen has made a $10 billion offer for ABC and other linear networks owned by the Walt Disney Co., a spokesman for Allen and Allen Media Group confirmed. TV station owner Nexstar, which bought the CW Network, also has expressed interest in buying ABC and its stations from Disney.

The purchase of eight stations from Marks Media Group includes WBKB-TV, WBUP-TV and WBKP-TV.

Walt Disney Co. has held exploratory talks about selling its ABC network and TV stations to local broadcaster Nexstar Media Group Inc., according to people familiar with the discussions. The talks are preliminary and haven’t involved a specific valuation, according to one of the people, who asked not to be identified because the discussions aren’t public. Nexstar would only be interested at the right price. A spokesperson for Nexstar declined to comment.

Tom Carter, a longtime former Nexstar exec who is now a senior adviser to the CEO and board of directors, says the company could acquire Disney’s local ABC-TV stations with “little friction” if they become available.

The purchase of KMJD-LD and K26DD-D Kalispell, Mont., by Valley Broadcast Network tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.

The purchase of WHTV-LD New York by Bridge News tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.

The purchase of WVCC-LD Westmoreland, N.H., by Bridge News tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.

The purchase of KEVA-LD Boise, Idaho, by Roseland Broadcasting tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.

If CEO Bob Iger follows through on his desire to sell off the company’s linear TV business, the sale is likely to happen in pieces, experts say, and any potential buyer among broadcasters faces numerous complications.

The purchase of KHWB-LD Eugene, Ore., by Channel 18 LLC tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.

Fargo, N.D.-based Forum Communications has learned the hard way just how much this FCC hates broadcast deals of any size.

The addition of NBC affiliate adds a 12th NBC affiliate to the Hearst station group. Hearst will now operate two NBC and two ABC stations in Florida.

The purchase of KTVV Hot Springs, KHMF-LD Fort Smith and KKAF Fayetteville, all Arkansas, by Bridge News tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.

The purchase of W36EX-D Alton, Ill., by Bridge News tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.

The purchase of KVVV-LD Houston by Bridge News tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.

A deal for Forum Communications Company to acquire Fox affiliates KVRR Fargo, N.D., and KQDS Duluth, Minn., has come undone. The deal failed to materialize as both Forum Communications and Red River Broadcasting awaited what is called a “Big Four waiver request” from the FCC. The waiver would have allowed Forum to acquire a second “Big Four” network affiliate in the Fargo market.