KRON sale

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b_gambo...@yahoo.com

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Apr 19, 2008, 5:36:49 AM4/19/08
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Monday is apparently the day Young Broadcasting announces it has sold
KRON 4. Anybody hear who is buying the station? I know about the
speculation concerning NBC and News Corp., but is there anything solid
about that?

Peter

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Apr 20, 2008, 12:53:33 AM4/20/08
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Not in Friday's FCC actions.

Perhaps Monday or Tuesday.

If true to form, Form 315, that is, the entre contract will be posted
as PDF files, and included by reference in that Form.

--
"I will fight terror as if there was no problem with Bush, and I will
fight Bush as if there was no problem with terror" - John Rothmann
--
Peter

George Grapman

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Apr 20, 2008, 1:27:31 AM4/20/08
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Peter wrote:
> On 2008-04-19 02:36:49 -0700, b_gambo...@yahoo.com said:
>
>> Monday is apparently the day Young Broadcasting announces it has sold
>> KRON 4. Anybody hear who is buying the station? I know about the
>> speculation concerning NBC and News Corp., but is there anything solid
>> about that?
>
> Not in Friday's FCC actions.
>
> Perhaps Monday or Tuesday.
>
> If true to form, Form 315, that is, the entre contract will be posted as
> PDF files, and included by reference in that Form.
>

Any reason that they can not announce a sale pending approval and then
submit the paper work?

shad...@yahoo.com

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Apr 20, 2008, 6:33:33 AM4/20/08
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Kron 4 will become Telemundo 4 ...

shad...@yahoo.com

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Apr 20, 2008, 6:39:06 AM4/20/08
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Kron 4 will become Telemundo 4 ... the building at O'Farrell and
VanNess will be put up for sale ... don't know what will become of Ch.
48, probably sold off ...

John Higdon

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Apr 20, 2008, 1:59:48 PM4/20/08
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shad...@yahoo.com wrote:

>Kron 4 will become Telemundo 4 ...

That's really sad. It is a bit like a death of a parent with Alzheimer's
disease: long, lingering fade from real existence and when the death finally
comes, you feel as though you actually lost the person years ago. It is sad
to see another station drop into the Spanish language black hole, yet KRON
has been fading from relevance for quite a while.


--
John Higdon
+1 408 ANdrews 6-4400

Peter

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Apr 20, 2008, 2:09:21 PM4/20/08
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On 2008-04-19 22:27:31 -0700, George Grapman <sfge...@paccbell.net> said:

> Any reason that they can not announce a sale pending approval and then
> submit the paper work?

No, not at all.

Particularly as a sale doesn't become final until accepted by the
Commission, which is after everyone ... viewers, competitors, whomever
... has had their say.

Monday's announcement will likely be phrased something like, "Sale of
KRON (TV) by Young to NBC Telemundo (or whomever) is announced, pending
approval by the FCC".

Now, while NBC Telemundo is the most likely purchaser, and Fox
Television Stations is the second most likely purchaser, I wouldn't put
it past the players to effect a multiple-way sale/move.

In its simplest form, NBC Telemundo would buy KRON from Young, switch
NBC/11 to NBC/4, switch Telemudo/48 to Telemudo/11 (thereby retaining
Telemundo as a San Jose license) and sell 48 to whomever.

I could also see a deal with Fox whereby NBC Telemundo gets KRON/4 (38
DTV) and Fox gets KNTV/11 (12 DTV).

Or, NBC Telemundo gets KRON/4 (but keeps 12 DTV) and Fox gets KNTV/11
(and gets 38 DTV).

Based upon network O&O experiences with DTV operations on low-band VHF
channels, it would be prudent for NBC to effect a multi-way switch
which gave it 4 for analog and 12 for digital.

Fox would, therefore, get a desirable channel for analog and not be at
a disadvantage WRT network O&Os, other than NBC, on digital, whereas
NBC would have the advantage on both analog and digital.

Whomever gets Ch. 4 first will be in the driver's seat.

My money is on NBC, but Fox is also a possibility.

Phil Kane

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Apr 21, 2008, 4:00:23 PM4/21/08
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On Sun, 20 Apr 2008 11:09:21 -0700, Peter
<peter...@rattlebrain.comminch> wrote:

>Particularly as a sale doesn't become final until accepted by the
>Commission, which is after everyone ... viewers, competitors, whomever
>... has had their say.

Actually the sale doesn't become final until after the FCC approval
AND the parties perform what the contract requires them to do. I do
recall that there were situations in the past where FCC approval was
granted and one or the other party backed out at the last minute,
usually over financing difficulties.
--
Phil Kane
Beaverton, OR

Peter

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Apr 21, 2008, 4:25:24 PM4/21/08
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On 2008-04-21 13:00:23 -0700, Phil Kane <Phil...@nov.shmovz.ka.pop> said:

> Actually the sale doesn't become final until after the FCC approval ...

FCC approval being an enabling condition.

If the FCC doesn't approve, it's no-go, no matter what the rest of the
contract says.


> ... AND the parties perform what the contract requires them to do. I do


> recall that there were situations in the past where FCC approval was
> granted and one or the other party backed out at the last minute,
> usually over financing difficulties.

Sure, and there could be an almost infinite number of conditions, with
appropriate penalties (or remedies) for failure to perform, which would
have to be satisfied.

But, FCC approval remains the enabling condition.

Phil Kane

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Apr 21, 2008, 8:27:41 PM4/21/08
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On Mon, 21 Apr 2008 13:25:24 -0700, Peter
<peter...@rattlebrain.comminch> wrote:

>If the FCC doesn't approve, it's no-go, no matter what the rest of the
>contract says.

Any communications lawyer - heck, any first year law student - worth
his/her salt will have that as a condition of the contract.

Ciccio

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Apr 21, 2008, 9:40:45 PM4/21/08
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On Apr 21, 5:27 pm, Phil Kane <Phil.K...@nov.shmovz.ka.pop> wrote:
> On Mon, 21 Apr 2008 13:25:24 -0700, Peter
>
> <peterh5...@rattlebrain.comminch> wrote:
> >If the FCC doesn't approve, it's no-go, no matter what the rest of the
> >contract says.
>
> Any communications lawyer - heck, any first year law student - worth
> his/her salt will have that as a condition of the contract.


Heck, any real estate agent would know to have such a condition
precedent.

Ciccio

Message has been deleted

John Higdon

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Apr 21, 2008, 10:17:12 PM4/21/08
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In article <yPGdnWx-uPeJ1JDV...@comcast.com>,
Mark Roberts <markrob...@gmail.com> wrote:

> That said, I'm not so sure I would believe all the
> message-board-production-assistant-level chatter for actual news
> about the status of KRON. Anything posted with a pseudonym should
> be taken with several blocks of salt.

That's true. I hadn't really kept up on it at all and took the Telemundo
thing at face value. Of all people, I should know better than to do that!

I need to get the "coastal loops" rebooted after spending a week in the
real US.

Peter

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Apr 22, 2008, 12:05:45 AM4/22/08
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On 2008-04-21 19:10:28 -0700, Mark Roberts <markrob...@gmail.com> said:

> It's not sold until it's sold.

And a sale is not a sale until the Form 316 paperwork is filed, which I
expect to be soon.

DavidFJackson

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Apr 22, 2008, 10:09:23 AM4/22/08
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On Apr 19, 2:36 am, b_gamboa_89...@yahoo.com wrote:

> Monday is apparently the day Young Broadcasting announces it has sold
> KRON 4.

It's now Tuesday ... was there an announcement?

Peter

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Apr 22, 2008, 7:11:34 PM4/22/08
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On 2008-04-22 07:09:23 -0700, DavidFJackson
<david.ferr...@gmail.com> said:

> t's now Tuesday ... was there an announcement?

No joy today.

Keep looking for the Form 316s in Broadcast Actions.

JD

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Apr 23, 2008, 4:49:30 AM4/23/08
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> That said, I'm not so sure I would believe all the
> message-board-production-assistant-level chatter for actual news
> about the status of KRON. Anything posted with a pseudonym should
> be taken with several blocks of salt.
>
> It's not sold until it's sold.
>

My best intel (speculation) from multiple insider sources is that a
sale is expected before September. I've also heard that some contracts
will not be renewed in the next couple months... Oh, and did you hear
what Stephen King did?

JD

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