KDSM to be sold as part of Sinclair's acquisition of Tribune Media

25 April, 2018, 20:28 | Author: Cecil Buchanan
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Instead, the Fox affiliate will become part of a divestiture bid Sinclair has proposed to ease approval of its merger with Tribune Media with federal regulators.

The agreements include selling KPLR-TV to Meredith, which also owns KMOV-TV in St. Louis.

"We are excited to be adding to our presence in the important ST. LOUIS market", said MEREDITH President/CEO TOM HARTY.

Sinclair Broadcast Group Inc on Tuesday said it will sell 23 television stations to several companies after completing its $3.9 billion acquisition of Tribune Media Co.

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WPIX is not listed among the stations being sold by Sinclair.

That could have something to do with reports from earlier this month that the FCC had raised concerns about the close ties Cunningham Broadcasting has with David Smith.

Signature station WGN in Chicago would go to a business associate of a top Sinclair executive, while other outlets would be sold to a company controlled by the estate of his mother.

Former MEDIA GENERAL COO and YOUNG BROADCASTING CEO/President DEB MCDERMOTT will serve as CEO of STANDARD MEDIA. In 1924, when radio intimidated most newspaper publishers, Tribune founder Col. Robert McCormick bought a radio station and turned it into WGN, call letters for the World's Greatest Newspaper. As part of the deal, it is planning to spin off Fox News, its sports networks FS1 and FS2 along with the television stations into the "New Fox" company. "The combined company will continue to advance industry technology, including the Next Generation Broadcast Platform, and to benefit from significant revenue and expense synergies".

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