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Tibune Media Sold to Sinclair Broadcast Group

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Godfella

Post subject: Tibune Media Sold to Sinclair Broadcast Group

Posted: Mon May 08, 2017 8:34 am

Joined: Thu Oct 06, 2011 6:18 pm
Posts: 4865
pizza_Place: Luigi's

Breaking News... WGN Radio and Television under new ownership. Sinclair pays $3.9 Billion.

http://www.reuters.com/article/brief-si ... USASA09NR0

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Terry's Peeps

Post subject: Re: Tibune Media Sold to Sinclair Broadcast Group

Posted: Mon May 08, 2017 8:35 am

Joined: Wed Jul 29, 2009 6:05 pm
Posts: 68612
pizza_Place: Lina's Pizza

Maybe we'll finally get Ring of Honor on tv here.

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Matches Malone

Post subject: Re: Tibune Media Sold to Sinclair Broadcast Group

Posted: Mon May 08, 2017 8:47 am

Joined: Thu Apr 01, 2010 11:33 am
Posts: 6189
Location: Limbo
pizza_Place: Positanos on 55th Street

Terry's Peeps wrote:

Maybe we'll finally get Ring of Honor on tv here.

Stop being Delirious.

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Ogie Oglethorpe

Post subject: Re: Tibune Media Sold to Sinclair Broadcast Group

Posted: Mon May 08, 2017 8:48 am

Joined: Sun Aug 21, 2016 3:24 pm
Posts: 17217
pizza_Place: Pequods

I'm thinking Sinclair overpaid. The only value WGN has right now is that it is already included in most cable distribution packages. Beyond that, they have nothing to offer.

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Godfella

Post subject: Re: Tibune Media Sold to Sinclair Broadcast Group

Posted: Mon May 08, 2017 9:00 am

Joined: Thu Oct 06, 2011 6:18 pm
Posts: 4865
pizza_Place: Luigi's

Will be interesting to see how the sports are effected... Blackhawks, Northwestern Basketball & Football, etc.

Maybe they give another shot at a third sports talker?

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Chet Coppock's Fur Coat

Post subject: Re: Tibune Media Sold to Sinclair Broadcast Group

Posted: Mon May 08, 2017 9:07 am

Joined: Tue Mar 24, 2015 9:46 pm
Posts: 10107
pizza_Place: Q's Hillside

Does Sinclair do a lot of radio? I thought they were mostly tv.

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Godfella

Post subject: Re: Tibune Media Sold to Sinclair Broadcast Group

Posted: Mon May 08, 2017 9:10 am

Joined: Thu Oct 06, 2011 6:18 pm
Posts: 4865
pizza_Place: Luigi's

Chet Coppock's Fur Coat wrote:

Does Sinclair do a lot of radio? I thought they were mostly tv.

More television than radio it seems.

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Godfella

Post subject: Re: Tibune Media Sold to Sinclair Broadcast Group

Posted: Mon May 08, 2017 9:14 am

Joined: Thu Oct 06, 2011 6:18 pm
Posts: 4865
pizza_Place: Luigi's

From Variety...

"Tribune Media’s assets include 42 TV stations, WGN America, WGN Radio and a 31% stake in Food Network."

Food Network? Who knew?

Great info here...

http://variety.com/2017/tv/news/sinclai ... 202416416/

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Ogie Oglethorpe

Post subject: Re: Tibune Media Sold to Sinclair Broadcast Group

Posted: Mon May 08, 2017 9:18 am

Joined: Sun Aug 21, 2016 3:24 pm
Posts: 17217
pizza_Place: Pequods

Godfella wrote:

OK, if 42 local broadcast stations and a large chunk of Food Network are included, then I can see the higher price. I'm curious what markets those stations are in.

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Godfella

Post subject: Re: Tibune Media Sold to Sinclair Broadcast Group

Posted: Mon May 08, 2017 9:23 am

Joined: Thu Oct 06, 2011 6:18 pm
Posts: 4865
pizza_Place: Luigi's

Ogie Oglethorpe wrote:

Godfella wrote:

OK, if 42 local broadcast stations and a large chunk of Food Network are included, then I can see the higher price. I'm curious what markets those stations are in.

I can only guess that the majority of them are various CW type networks from coast to coast?

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Godfella

Post subject: Re: Tibune Media Sold to Sinclair Broadcast Group

Posted: Mon May 08, 2017 10:08 am

Joined: Thu Oct 06, 2011 6:18 pm
Posts: 4865
pizza_Place: Luigi's

Another great old Chicago institution falling to outsiders.

This is going to be a Marshall Field's/Macy's thing...

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Seacrest

Post subject: Re: Tibune Media Sold to Sinclair Broadcast Group

Posted: Mon May 08, 2017 10:17 am

Site Admin

Joined: Wed Jun 08, 2005 6:45 pm
Posts: 38329
Location: Lovetron
pizza_Place: Malnati's

How much did Ferro walk away with on this deal?

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sjboyd0137

Post subject: Re: Tibune Media Sold to Sinclair Broadcast Group

Posted: Mon May 08, 2017 10:22 am

Joined: Thu Jun 11, 2009 11:24 am
Posts: 38635
Location: RST Video
pizza_Place: Bill's Pizza - Mundelein

Terry's Peeps wrote:

Maybe we'll finally get Ring of Honor on tv here.

That would be delightful.

I loved it back when it was on HDNet. Now I only catch it when I'm at my in-laws'...

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WaitingforRuffcorn

Post subject: Re: Tibune Media Sold to Sinclair Broadcast Group

Posted: Mon May 08, 2017 10:25 am

Joined: Thu Nov 05, 2015 2:39 pm
Posts: 19521
pizza_Place: Lou Malnati's

Godfella wrote:

:roll: Another great old Chicago institution falling to outsiders.

This is going to be a Marshall Field's/Macy's thing...

And now Macy's is on it's last legs.

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Godfella

Post subject: Re: Tibune Media Sold to Sinclair Broadcast Group

Posted: Mon May 08, 2017 10:29 am

Joined: Thu Oct 06, 2011 6:18 pm
Posts: 4865
pizza_Place: Luigi's

WaitingforRuffcorn wrote:

Godfella wrote:

:roll: Another great old Chicago institution falling to outsiders.

This is going to be a Marshall Field's/Macy's thing...

And now Macy's is on it's last legs.

http://fieldsfanschicago.org/#mainindexpage

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billypootons

Post subject: Re: Tibune Media Sold to Sinclair Broadcast Group

Posted: Mon May 08, 2017 10:32 am

Joined: Fri May 17, 2013 6:09 pm
Posts: 11004
pizza_Place: Generic Pizza Store

Rumor has it sinclair doesnt believe WGN does enough news coverage in chicago... going to bump up the news broadcasts from the current 12.5 hours each weekday to 20 hours... maury to fill in the other 4

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Bagels

Post subject: Re: Tibune Media Sold to Sinclair Broadcast Group

Posted: Mon May 08, 2017 11:04 am

Joined: Wed Nov 01, 2006 1:10 pm
Posts: 32067
pizza_Place: Milano's

They make a great computer

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Godfella

Post subject: Re: Tibune Media Sold to Sinclair Broadcast Group

Posted: Mon May 08, 2017 11:19 am

Joined: Thu Oct 06, 2011 6:18 pm
Posts: 4865
pizza_Place: Luigi's

Chet Coppock's Fur Coat wrote:

Does Sinclair do a lot of radio? I thought they were mostly tv.

Did a little research on this. Sinclair has only a few radio stations compared to the many television interests. In today's day & age, an independent station is stronger when it becomes part of a cluster of various stations - like 670, WBBM. etc.. My guess is they branch out and cluster WGN Radio or maybe they sell it off separately? Total guess and speculation on my part...

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Curious Hair

Post subject: Re: Tibune Media Sold to Sinclair Broadcast Group

Posted: Mon May 08, 2017 1:58 pm

Joined: Thu Nov 16, 2006 6:29 pm
Posts: 55946
pizza_Place: Barstool One Bite Frozen

Godfella wrote:

In today's day & age, an independent station is stronger when it becomes part of a cluster of various stations - like 670, WBBM. etc..

Uh huh, yeah, and the Telecommunications Act of 1996 increased competition.

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Godfella

Post subject: Re: Tibune Media Sold to Sinclair Broadcast Group

Posted: Tue May 09, 2017 11:42 am

Joined: Thu Oct 06, 2011 6:18 pm
Posts: 4865
pizza_Place: Luigi's

My guy tells me that Sinclair has a reputation for whacking the big payday talent after taking over. The higher the contract the higher he/she goes up the hit list.

Big money talent is traditionally phased out... contracts not renewed, departments restructured, retirements/buyouts encouraged, shifts changed, etc. Not saying this is their plan here but they do have a reputation in the industry. This could get interesting...

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Regular Reader

Post subject: Re: Tibune Media Sold to Sinclair Broadcast Group

Posted: Tue May 09, 2017 12:33 pm