o KMOL-TV?
Clear Channel sells TV group for $1.2B
SAN ANTONIO
Clear Channel Communications Inc., the nation's largest operator of radio stations, said Friday it agreed to sell its television group to a private equity firm for $1.2 billion.
The sale was expected and comes two days after Clear Channel agreed to a sweetened buyout bid of $19.35 billion from private equity firms Bain Capital Partners LLC and Thomas H. Lee Partners LP, despite opposition from two large shareholders who say the price is too low.
The sale Friday, to Providence Equity Partners, includes 56 television stations in 24 markets and the associated Web sites. Clear Channel, which also owns a large outdoor advertising unit, expects the sale to generate proceeds of $1.1 billion and to close in the fourth quarter, pending regulatory approval.
The TV group comprises 10 CW, eight Fox, seven NBC, six ABC, six CBS, four My Network TV, two NBC Weather Plus, two Telemundo, five independent stations, and six stations affiliated with Clear Channel's Variety Television Network, the company said.
The sale of the TV group is not contingent upon completion of the Clear Channel buyout by Bain Capital and Thomas H. Lee Partners.
Clear Channel plans to hold a shareholder vote on the sale of the company on May 8.
Clear Channel shares closed Thursday at $35.96 on the New York Stock Exchange.
http://www.businessweek.com/ap/finan.../D8OKB2BG0.htm
I doubt WOAI changes call letters as those were its original call letters, before Clear Channel owned WOAI.
Hopefully with this sell, WOAI will stop being so amatuer with its broadcasts. Maybe even a new set will come about and hopefully they will reduce their weather coverage from 40 percent of the telecast to 20 percent.
Ehh, small markets like SA don't have near the resources for broadcasts that most metros do. Most of your talent leaves for greener pastures which leaves you with the Chris Marrous and Randy Beamers (tho actually I like both of them just fine).
You think you get a lot of weather coverage? Last week in D/FW one night we had literally HOURS of coverage. No national news, no local news, just a bunch of idiots showing radars and talking about some very small tornadoes that came through parts of the area. "I'm standing out here and it is getting very dark" repeated ad nauseum.
Maybe the new owners will hire a Chief Meteorologist that can actually say "meteorologist".
This effects me.
I don't know how, but somehow
I'm not talking about days when the weather may call for commercial free weather broadcasts. I'm talking about everything newscasts, WOAI is all about talking about the weather. It can be sunny, cloudless, windless for 7 days but WOAI will spend 8-10 minutes each half hour broadcast talking about it. Why it'll be like that and show you with every different map they have.
That's why they're 3rd. That and other reasons, but mostly that.
what bugs the out of me regarding their weather segment is:
1. it can be a cloudless, sunny ass day yet they will open by saying 'lets look at the 4x4 radar and see if it's tracking any rain in the area....
2. seemingly the whole segment revolves around S.Texas whick makes sense, but at least give us a brief recap of what's happening across the nation.
3. if you're going to put up the temps across the map of S.Texas, dont sit there and read every single one back to me.
From what I understand, Clear Channel owns the rights to the call letters WOAI. They still own the radio station, but the TV station will have to change it's call letters.
If you would just watch KSAT 12, you wouldn't have this problem. And the chicks are incredibly hotter.
Maybe you can get the call letters changed to KORI.This effects me.
I don't know how, but somehow
Anyway, it was WOAI-TV in the 1970s, but I thought it had changed to KMOL-TV a long time ago.
If Clear Channel owns the letters, wouldn't they have gone to whoever just bought all the TV stations?
WOAI Radio was there before WOAI TV, So I would think that TV would change it's call letters.
My guess
The NBC affiliate here in Victoria is KMOL. We'll be happy to let those call letters go...for a reasonable price.
I'm no longer affiliated with you. You aren't welcome here
The ENS in KENS stands for Express News Station, but the Excuse for News (sorry Blaze...old habit) sold it a long time ago.
Maybe they will keep the call letters so they don't have to change again.
Beamer just said on the 6 pm edition (in a way that would make me think it came about because of this thread) that WOAI-TV will remain WOAI-TV after the sell is complete in the 4th quarter of this year.
But didn't the SA NBC affiliate used to be KMOL at one point?
And, OMG, another Victorian?
Whoa...Beamer lurks here?
Dude, your wife is the hottest woman in the city of San Antonio.
I say that we pe ion the new owners of channel 4 and get Kori a raise, and her own spot on Sports Sunday!!!!!!!
I'd watch WOA...ERRR...KMO...ERRR....WOAI for that!
99% of WOAI sucks ass anyway...who cares.
How can someone own call letters that are assigned by the FCC?
You can buy and sell call letters, so yeah you can own them.
IIRC 99.5 has turned down some large sums of money to keep their call letters.
Lisle and Hahn used to talk about it when I would listen to them.
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