Newport Television

Line 1:

−

==~~2008–2013~~==

+

==2008-2013==

[[File:NP_body.gif|center|200px]]

−

Newport Television was a holding company founded in 2007 by its President Sandy DiPasquale and Providence, Rhode Island-based equity firm [[Providence Equity Partners|Providence Equity Partners]] to acquire television stations formerly owned by San Antonio, Texas-based [[Clear Channel Communications]]. In September 2007, Newport sold KTFY and [[KVOS-TV]] to LK Station Group. The deal was set be completed in March 2008 but eventually collapsed due to LK's lender refusing to provide the funding; KFTY (now [[Azteca América]]-affiliated [[KEMO-TV]]) has since been sold to [[Una Vez Más Holdings, LLC|Una Vez Más Holdings]], while KVOS have also since been sold to a local owner. As of October 10, 2007, Newport has agreed to sell [[KION-TV]], [[KMUV-LP]], [[KCOY-TV|K44DN]], [[KKFX-CA]], [[KCOY-TV]] to [[Cowles Publishing Company]]. The entire deal closed on March 14, 2008. In July 2012, Newport announced it would sell twelve stations to [[Nexstar Broadcasting Group]], six stations to [[Sinclair Broadcast Group]] and four to [[Cox Enterprises]] through its [[Cox Media Group]] division. Eight days later this would follow with an announcement that [[WXXA-TV]] would be sold to Shield Media, LLC, which would enter a joint sales and shared services agreement with [[Young Broadcasting]]-owned [[WTEN]]. Nexstar announced it would purchase [[KGET-TV]] and [[KGPE]] on November 5, 2012, while on November 26, Newport announced it would sell [[KMTR]] to [[Fisher Communications]]. Because Fisher already owns [[KVAL-TV]], Fisher will assign the rights to acquire the FCC license to Roberts Media, LLC (a company unrelated to [[Roberts Broadcasting]]), which Fisher will then enter into a Joint Sales and Shared Services Agreement with KVAL. On October 23, the FCC granted approval to the sale of the Jacksonville and Tulsa stations to Cox, plus the Albany station to Shield Media. This was followed the next day by the FCC approval of the July sale of the stations to Nexstar except for the two in Little Rock being sold to Mission Broadcasting, which were later approved on December 10. On November 19, the FCC granted approvals of the remaining stations from the July deal to Sinclair. Nineteen of the stations involved in the July sale was consummated on December 3, 2012. On the same day, Sinclair announced that they would acquire non-license assets of [[WHAM-TV]], which the license will be transferred to Deerfield Media. On January 23, 2013, the FCC granted approvals of the Newport California stations to Nexstar; and on January 30, the FCC granted approval to the WHAM transaction to Sinclair. On April 24, 2013, the FCC granted its approval on Newport's final station, KMTR to Roberts Media. This was after an announcement that Fisher is being sold by Sinclair for $373 million, two weeks prior. On June 1, KMTR sale was consummated, making the disestablishment of the company complete.

[[Category:Media companies in the United States]]

[[Category:Television broadcasting companies in the United States]]

Changes: Newport Television

Revision as of 03:16, 25 April 2014

2008-2013

@@ Line 1: / Line 1: @@
-==2008–2013==
+==2008-2013==
 [[File:NP_body.gif|center|200px]]
-Newport Television was a holding company founded in 2007 by its President Sandy DiPasquale and Providence, Rhode Island-based equity firm [[Providence Equity Partners|Providence Equity&nbsp;Partners]] to acquire television stations formerly owned by San Antonio, Texas-based [[Clear Channel Communications]]. In September 2007, Newport sold KTFY and [[KVOS-TV]] to LK Station Group. The deal was set be completed in March 2008 but eventually collapsed due to LK's lender refusing to provide the funding; KFTY (now [[Azteca América]]-affiliated [[KEMO-TV]]) has since been sold to [[Una Vez Más Holdings, LLC|Una Vez Más Holdings]], while KVOS have also since been sold to a local owner. As of October 10, 2007, Newport has agreed to sell [[KION-TV]], [[KMUV-LP]], [[KCOY-TV|K44DN]], [[KKFX-CA]], [[KCOY-TV]] to [[Cowles Publishing Company]]. The entire deal closed on March 14, 2008. In July 2012, Newport announced it would sell twelve stations to [[Nexstar Broadcasting Group]], six stations to [[Sinclair Broadcast Group]] and four to [[Cox Enterprises]] through its [[Cox Media Group]] division. Eight days later this would follow with an announcement that [[WXXA-TV]] would be sold to Shield Media, LLC, which would enter a joint sales and shared services agreement with [[Young Broadcasting]]-owned [[WTEN]]. Nexstar announced it would purchase [[KGET-TV]] and [[KGPE]] on November 5, 2012, while on November 26, Newport announced it would sell [[KMTR]] to [[Fisher Communications]]. Because Fisher already owns [[KVAL-TV]], Fisher will assign the rights to acquire the FCC license to Roberts Media, LLC (a company unrelated to [[Roberts Broadcasting]]), which Fisher will then enter into a Joint Sales and Shared Services Agreement with KVAL. On October 23, the FCC granted approval to the sale of the Jacksonville and Tulsa stations to Cox, plus the Albany station to Shield Media. This was followed the next day by the FCC approval of the July sale of the stations to Nexstar except for the two in Little Rock being sold to Mission Broadcasting, which were later approved on December 10. On November 19, the FCC granted approvals of the remaining stations from the July deal to Sinclair. Nineteen of the stations involved in the July sale was consummated on December 3, 2012. On the same day, Sinclair announced that they would acquire non-license assets of [[WHAM-TV]], which the license will be transferred to Deerfield Media. On January 23, 2013, the FCC granted approvals of the Newport California stations to Nexstar; and on January 30, the FCC granted approval to the WHAM transaction to Sinclair. On April 24, 2013, the FCC granted its approval on Newport's final station, KMTR to Roberts Media. This was after an announcement that Fisher is being sold by Sinclair for $373 million, two weeks prior. On June 1, KMTR sale was consummated, making the disestablishment of the company complete.
 [[Category:Media companies in the United States]]
 [[Category:Television broadcasting companies in the United States]]