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Meredith completes KTVK acquisition; KASW to be divested

After obtaining FCC approval, Meredith, Sander and Gannett announced that the ownership saga of KTVK, which has consumed the past year and a week, has come to a end.

But for KASW, it will be going on longer, indicated by this paragraph in the Meredith press release:

Included in the transaction are (1) KTVK-TV, one of the nation's most successful independent stations and (2) KASW-TV, a leading CW network affiliate. At closing, SagamoreHill of Phoenix, LLC simultaneously purchased certain assets of KASW. As part of Federal Communications Commission approval, Meredith and SagamoreHill have voluntarily agreed to divest KASW through a cash sale, swap transaction or combination thereof.
 
Does anyone know or can speculate what this will mean for the two stations? Will there be any impact on programming?
 
Does anyone know or can speculate what this will mean for the two stations? Will there be any impact on programming?

If the buyer does not want to operate the station as a CW affiliate, that will mean the programming rights go to Meredith, and I'd expect KTVK and KAZT to benefit. This would particularly be the case if a potential buyer wants to operate KASW as a full-power Spanish station, which I have said in the past to be a very compelling business opportunity. It could also happen if the buyer is a spectrum speculator looking to cash in on next year's incentive auction, like OTA, NRJ or LocusPoint.
 
From Dantheflash2014 on tvnewstalk.net:

Target: KCWI in Des Moines, IA
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Recent trend has been shrinking number of standalone CW affiliates in a market, but Nexstar picking up KASW Phoenix and, I'm told, KCWI Des Moines Next.
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I have a story out Oct.*27 on the various CW stations that are freestanding, as in, don’t have a duopoly partner in the market. There are not many of them, and the number is shrinking in this era of consolidation and all-important duopolies. Gray Television picked up WQCW earlier this year, for instance, and paired it up with WSAZ.
Wouldn’t you know it, just as I was finishing up my story, Nexstar went and acquired KASW Phoenix for $68 million; the station had been acquired, along with KTVK, by Meredith from Gannett in June, which then lined up Sagamore Hill to hold the license. Meredith’s initial deal was for $230 million.
Nexstar is not done yet. Sources tell me KCWI in Des Moines, another CW, is going to Nexstar as well. Perry Sook, Nexstar president and CEO, would not confirm, but said he hoped to do so “very soon.” That would mean another standalone CW station. Titan Broadcast, which operates some Pappas stations, would not confirm either.
I asked Ted Stephens, general manager of KCWI, how the Pappas-owned station has been able to hold on as a standalone in the market. Stephens mentioned a 6-10 a.m. variety program called Great Day that’s been on KCWI for a few years; he calls it “our salvation.” The show hosts local performers, authors and personalities, and features local headlines, weather and traffic.
“That’s the key,” says Stephens. “Local, local, local.”
The biggest holders of non-duopoly CWs are Tribune, of course, as well as Lockwood Broadcasting, with CW stations in Knoxville, Huntsville and Greensboro. Also key to surviving as standalones: a big, savvy operator behind you, and a batch of digi-nets to expand your offerings beyond CW and your own local stuff.
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Source: Broadcasting And Cable.

:agree:
 
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