Odds and Ends on a Thursday

It appears that one of two TV stations in Memphis could soon have a sibling in Nashville.  Word has it that four suitors are wooing the folks at Landmark which owns top rated WTVF in the Music City as well as top-rated KLAS in Las Vegas.  I’m told those four suitors are Tribune, Hearst-Argyle, Local TV (which owns WREG), and Raycom (which owns WMC)  and that final offers have reportedly been made for acquisition.  Rumor has it (and I emphasize RUMOR since no honchos will talk about this right now) is that Raycom is the leading contender.  That would be a great feather in the cap of Raycom.  Plus Raycom already has a huge presence in the Southeast.  What that would mean to WTVF’s current operating situation, I can’t say as I’ve never worked for a Raycom station.

And speaking of Nashville, I see that the parent company of one Nashville station (WKRN) makes financial news and it’s not good.  According to an article from the San Francisco Business News,   :Standard & Poor’s lowered its outlook on parent Young Broadcasting Inc. to negative because the company hasn’t yet been able to sell (KRON, it’s former powerhouse station in San Francisco) and is running low on cash. I was told that Young’s stock is selling somewhere around 17 cents per share or at least in that general area.  It will be interesting to see what shakes out of all of this.

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4 Comments on “Odds and Ends on a Thursday”

  1. Doug J. Says:

    Interesting that with the pending sale of the two Landmark stations, that news directors at both have decided that right now is the perfect time to retire. Both stations are doing well, and both executives are well-regarded. It could be coincidence, after all the Las Vegas ND has more than 40 years under his belt, and the Nashville ND and his lovely wife own a retirement home in Vegas that they’ve planned to go back to….

    Still, it’s interesting timing.

  2. Pam Crittendon Roberson Says:

    Joe,

    Revisiting yesterday’s message, any more news on the firings at WPTY?

  3. joelarkins Says:

    Just prior to your question, I received a response (see previous post, last comment) that indicated that 21 folks were cut loose from the former Clear Channel operation in Memphis. I don’t have specifics but it appeared that the 21 jobs cut were across the board. I’m waiting for more details from Union Extended.

  4. Doug J. Says:

    Additional details here: http://www.sltrib.com/business/ci_9643126. Newport says they’re done firing (for now).


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