The full story here. In markets such as Atlanta, this would create a triopoly as Apollo (Cox) owns WSB and Tegna owns WXIA and WATL. We'll see what happens.
-
Get involved.
We want your input!
Apply for Membership and join the conversations about everything related to broadcasting.
After we receive your registration, a moderator will review it. After your registration is approved, you will be permitted to post.
If you use a disposable or false email address, your registration will be rejected.
After your membership is approved, please take a minute to tell us a little bit about yourself.
https://www.radiodiscussions.com/forums/introduce-yourself.1088/
Thanks in advance and have fun!
RadioDiscussions Administrators
Apollo, Standard General make $8 billion bid for Tegna
- Thread starter Ccook55
- Start date
Seattle is another one given that Tegna owns KING-TV and KONG-TV while Cox owns KIRO-TV.
www.insideradio.com
Apollo Global Management Partners With Standard General Media In Attempt To Acquire Tegna.
Apollo Global Management, parent company of Cox Media Group, is partnering with Standard General Media to make a binding bid of more than $8 billion to purchase Tegna, which owns
Here in Houston the result would be a six station TV-Radio cluster, as Tegna owns KHOU and KTBU, and Cox has four FMs. The two existing studio facilities are only a few blocks from each other, so I would guess management and sales functions could be combined at one of the locations, and if they could squeeze it, the radio and TV broadcast operations could be combined at the TV site.
Guessing that under the Apollo-Standard General scenario that the Tegna stations would be folded into the Cox Media Group.
Haven't seen any further news about a counter-offer from Allen Media.
Guessing that under the Apollo-Standard General scenario that the Tegna stations would be folded into the Cox Media Group.
Haven't seen any further news about a counter-offer from Allen Media.
Bloomberg is now reporting that Allen Media is offering $23/share, a dollar more than the Apollo/SG bid.
who ever buys TEGNA out, they should offer Disney WFAA so that way, Disney can have a O&O in the Dallas Market as ABC is the only big 4 network that don't have a O&O station in the DFW market while NBC, CBS and Fox owns 2 stations in the market.
Sounds good in theory for Disney to take over WFAA but in practice probably not given that Disney is more interested in streaming than OTA TV at this point.
More like Byron Allen, and Apollo as the candidates.
Tegna currently has a duopoly in DFW with WFAA and KMPX. They do have an option in place to sell the current WFAA RF8 signal to Estrella Media sometime before early 2026, which would result in KMPX becoming the “new” WFAA.
This isn't necessarily directed towards you, RadioPatrol, but I get very irritated and annoyed each time I see this statement about Disney not wanting to buy TV stations. I've always believed that if given the right time, and at the right price, Disney can scoop-up any TV stations (whether they're already affiliated with ABC or otherwise) they wish. Unless there's factual proof that Disney/ABC comes out and let it be known that they're not interested in buying any terrestrial stations, all it is conjecture and speculation...it's the same BS I used to read over on TVNewstalk, and it's more ridiculous there.
Last edited:
Large Round Of Layoffs Hit Cox Media Group Stations - RadioInsight
Cox Media Group has made a number of layoffs across their radio properties. The layoffs stretched from corporate executives down to part-time staffers at local market stations. The cuts come as Cox Media Group owner Apollo Global Management seeks to acquire another large television group...
radioinsight.com
Update Apollo the Owners of Cox Media has announce cuts at some of their outlets.
I don't see Disney interested in more TV stations for the following reasons:
1. They are focused, and heavily investing in, streaming. If anything they may become a seller of some assets to boost the streaming aspect and they don't NEED to own an affiliate for it to be an effective vehicle to push people to streaming.
2. The largest money maker for Terrestrial by far at this stage is cable retransmission fees, which will continue to shrink as the vast majority make the transition to streaming.
3. While paid streaming has a viable financial model going forward (subscriptions) they have yet to come up with a viable streaming model for local stations, and really local stations only draw is news
Of course, I could be wrong. Everyone could be wrong. But if all this holds I just don't see OTA being the draw it once was. Even if making the argument that advertising is a big draw, increasingly advertisers are spending in streaming which allows them to target advertising to the demos and locations they want with greater precision than even cable once could. And Hulu makes MORE than ABC (Ad revenue is almost 50/50, but subscription fees definitely push it over the top).
Don't forget there's streaming retransmission services like YouTube tv, Fubo and Hulu Live. I'm not so sure how much Tegna, Gray, Nexstar, Sinclair, Hearst, Scripps, Cox and Allen media get in streaming retrans like Fubo, Hulu Live and YouTube TV or if these streaming retrans services for now are included in cable retrans data.
YouTube TV Service | 2022 YouTube TV Cost, Price, Plans & Free Trial
What is YouTube TV? We have you covered with our complete guide to YouTube TV, including information about what channels are on YouTube TV.
cordcutting.com
fuboTV - Watch Live Sports & TV Without Cable | Try Free
Watch ABC, CBS, FOX, NBC, ESPN and other top channels live - without cable. On your phone, TV and more. No contract, no hidden fees. DVR included.
www.fubo.tv
Hulu Help
Find solutions, set-up instructions, troubleshooting steps, and helpful tips specific to you.
I don’t either. Here in Houston word on the street is that the management of ABC O&O KTRK is under two orders from Disney: slash expenses, and get rid of anyone pulling down a good salary.
Sure, but long term, I think those streaming retransmission services are just transitionary services. They too will soon raise rates beyond what is considered "affordable" for most, and in the long term what people what most is either an on-demand streaming slate of programming (commercial free or with commercials) or local news/sports. If someone can get 90% of the entertainment they want for under $50 a month, most would do that. (and honestly, it's probably much more common to have one or two streaming services that have "enough" programming to keep someone entertained).
Local news, for the most part, is available on the website of the local TV station (and can serve up more targeted ads that demand more than generally targeted ones) and local sports have long been seen by some as "too expensive to watch" now that people can see $20 "sports fees" on their bills. I suspect that will soon be solved by subscription services as well (I think Sinclair even said as much, with Bally's looking to add a subscription streaming package early next year).
If I were a big local TV owner, I'd be looking hard at my business model right now. Yes, there is still money in it today, but that will continue to shrink. This is why even COMCAST is all in on streaming, because they fully realize the need to make up for the loss of revenue for OTA/Cable TV. It will always continue to amaze me that Fox sold the parts of their business that represent the future of entertainment, but kept the legacy stuff (Broadcast TV and Cable News).
KIKU’s New Owner? Look To KITV | Radio & Television Business Report
In late 2019, Richard French’s RNN and Ted Bartley‘s NRJ struck a deal that saw French's broadcast TV company acquire 8 stations in a $81.2 million deal in which Moelis & Company served as the seller's broker/financial adviser. Now, RNN is selling one of those properties. The buyer? Look no...
www.rbr.com
Allen media is also named as a candidate to get KIKU-TV in Hawaii to form a duopoly with KITV the ABC affiliate on the islands.
Latest on the Tegna sale: https://nypost.com/2021/09/29/tegna-raises-antitrust-concerns-over-possible-buyout-bid/
Large Round Of Layoffs Hit Cox Media Group Stations - RadioInsight
Cox Media Group has made a number of layoffs across their radio properties. The layoffs stretched from corporate executives down to part-time staffers at local market stations. The cuts come as Cox Media Group owner Apollo Global Management seeks to acquire another large television group...
radioinsight.com
More names have been announced for the Cox Layoffs.