Allen Media to try and sell TV stations they own

[Mr Tony]

Allen Media Group Retains Moelis To Sell Its TV Stations

It says the money from the 25 stations in 21 markets “will significantly reduce Allen Media Group’s debt.”

tvnewscheck.com

 

[AZ.]

Well we all know this means more consolidation, so more channels in less hands mean higher price increases. Now they can hold more cities hostage for higher content charges.

 

[primestar31]

Allen Media Group Retains Moelis To Sell Its TV Stations

It says the money from the 25 stations in 21 markets “will significantly reduce Allen Media Group’s debt.”

tvnewscheck.com

View attachment 182210

Good. They are so incompetent, ANYBODY else should be better!

 

[TNGuy84]

Agreed, he should stick to producing TV shows and get out of the channel owning business. He almost crippled his stations by trying to oust the weather teams from them. It was only when consumers fought back that he backed down. On top of selling his stations, he should put the Weather Channel up for sale. Maybe some company would buy it that would actually put weather on there.

 

[localclassictvfan]

KADN/KLAF has been sold more times than a house. It went from Com Corp, Nexstar, Bayou City, to AMG. Now I guess Tegna, Hearst, Gray, or Sinclair will buy it. I'd like to see Gray buy and then Full power the NBC 46 (KLAF) then ssa that one or KADN and have room for more subnets. Just wishful thinking

 

[localclassictvfan]

Well we all know this means more consolidation, so more channels in less hands mean higher price increases. Now they can hold more cities hostage for higher content charges.

Wonder which media conglomerate will open their check books

 

[Trip]

I'd like to see Gray buy and then Full power the NBC 46 (KLAF)

This is not a thing a station can do. There is no path for an LPTV station to "upgrade" into a full-power station. They would have to go through the normal FCC rule-making process, get an allotment added to the table, then wait for an FCC auction, and win the new license, unrelated to the current LPTV license, at auction. Additionally, the FCC lacks auction authority at the moment, so it could not hold such an auction.

- Trip

 

[localclassictvfan]

This is not a thing a station can do. There is no path for an LPTV station to "upgrade" into a full-power station. They would have to go through the normal FCC rule-making process, get an allotment added to the table, then wait for an FCC auction, and win the new license, unrelated to the current LPTV license, at auction. Additionally, the FCC lacks auction authority at the moment, so it could not hold such an auction.

- Trip

Thanks. Thats sounds like too much of a mess

 

[Mr Tony]

Wonder which media conglomerate will open their check books

Most of Allen Media stations were due to "media conglomerates" owning a station in the market already so they probably will have to split up stations to other possible owners

 

[localclassictvfan]

Most of Allen Media stations were due to "media conglomerates" owning a station in the market already so they probably will have to split up stations to other possible owners

Yeah true because Nexstar had just spent all kinds of money into the NBC 46 (KLAF) studios (after buying Com Corp from a local media group) and all that then they buy Media General and kept KLFY which was a smart move. Since AMG had it the station had the notoriety of having so many people let go from the KADN/KLAF station it was sickening. We are the only market in the state without a Gray affiliate I'm hoping they buy the station.