Young Broadcasting stations learn about there new owners Tuesday (July 14, 2009)

[WXFORECASTER]

They will announce the new owners of the stations today! Good luck to all of you at Young stations! I hope you all get a good owner!

[TAFKA wacowx]

Their in a lot of different markets like San Francisco, I wonder who will be taking over they're?

[The Mockingbird]

Their they're, Eye am shore eat weal work out fur the best.

[Sultanosurf]

#Won in whether fourcasting!

[nywx10]

Auction was cancelled...sale pending

[The Mockingbird]

You mean sail.

[scotman1]

So this means everythings going to be better at KRON, right?

Ha, kidding.

[Calvin]

Click for Broadcasting and Cable update:

http://www.broadcastingcable.com/article/315182-Young_Broadcasting_Calls_Off_Auction.php

[Spike]

Their in a lot of different markets like San Francisco, I wonder who will be taking over they're?

Nice. :thumbsup:

From Calvin's article:

Insiders believe the development means the bids did not meet the minimum. Chairman Vincent Young had anticipated strong interest in the stations, which include KRON San Francisco and WBAY Green Bay.

Does anybody have any faith in Vincent Young's business judgment at this point? Could this guy be any more of a joke?

[Ralphie the buffalo]

So this means everythings going to be better at KRON, right?


I thought Rosenblum made that newsroom into a winning and unstoppable force. Was I wrong?

Are the VJ's still able to edit at home - naked - while cooking bacon at the same time?

[wxgeek]

I thought Rosenblum made that newsroom into a winning and unstoppable force. Was I wrong?


Yes, but that's ok. We're used to it. :rockon:

[Sultanosurf]

Could this guy be any more of a joke?

Sadly, there's not much laughter in his wake.

I've never really seen the entity uncovered that fronted the Youngs the nearly three quarters a billion dollars for the KRON deal without the due diligence that would've easily uncovered how NBC was going to scuttle the deal.

Yet once more, a sigh for the good ol' days, thinking of how KCAL and KRON used to be.

It's also interesting to see newspapers quoting NewsBlues as source for some of the information.

Amazingly, through it all, Deb McDermott keeps a gig...

[Jax]

Are the VJ's still able to edit at home - naked - while cooking bacon at the same time?

I was just reminiscing about that post the other day. What a silly thread that was.

[Roy Hobbs]

Too my knowledge, this thread has been educational to.

[WXFORECASTER]

Highest offer was 220 Million for ALL of the stations. Unreal!!

http://www.tradingmarkets.com/.site/news/Stock%20News/2424018/

[Laughing Angel]

Nexstar takes over Young?

http://www.broadcastingcable.com/blog/Station_to_Station/19457-Nexstar_To_Run_Young_Stations_.php

Pray for us.

[WXFORECASTER]

They already do this for Four Points Media Group so i wouldn't be surprise to see this happen also.



Nexstar Broadcasting Group, Inc. Enters Into Agreement To Manage Television Operations of Four Points Media Group
Monday, 23 Mar 2009 07:00am EDT

Nexstar Broadcasting Group, Inc. announced that it has entered into an agreement with Four Points Media Group LLC (Four Points), owned by an affiliate of Cerberus Capital Management, L.P., whereby Nexstar will provide management services for Four Points' seven television stations located in four markets. Under the terms of the agreement, Nexstar will receive a fixed annual management fee of $2 million per year, as well as annual incentive compensation based on increases of the broadcast cash flow of Four Points' stations. Nexstar will also be entitled to a share of the equity profits if the stations are sold while the agreement is in effect. The agreement provides for minimum compensation to Nexstar of $10 million if the Four Points stations are sold during the initial three year term of the agreement.

[Spike]

Nexstar takes over Young?

http://www.broadcastingcable.com/blog/Station_to_Station/19457-Nexstar_To_Run_Young_Stations_.php

Pray for us.

Could that possibly be worse than Vincent Young running things?

[Laughing Angel]

I guess it depends on which is worse--incompetent greed or malevolent greed.

[Laughing Angel]

Okay, now I don't know what to think...

http://www.tvnewsday.com/articles/2009/07/16/daily.13/

[News Is Broken]

Highest offer was 220 Million for ALL of the stations. Unreal!!

http://www.tradingmarkets.com/.site/news/Stock%20News/2424018/

Sorry. It was all I could scrape together on such short notice. The Brokenlets got to the couch cushions before I did.

[WXFORECASTER]

Well it looks like they DID sell the stations now:

http://www.mediapost.com/publications/?art_aid=109872&fa=Articles.showArticle

[The Mockingbird]

NIB must have checked the cushions of the loveseat, also.

[News Is Broken]

NIB must have checked the cushions of the loveseat, also.

No, I checked a spot the Brokenlets don't have access to - my secret change stash-spot a.k.a. the ashtray of the Brokenmobile. Ha ha!

Of course... I'm broke now. Hope no one minds working for free for a few months... :shifty:

[Calvin]

NIB, I will donate my entire Moderator pay to become part owner and I might be able to convince Steinman to do likewise. :shifty:

[News Is Broken]

NIB, I will donate my entire Moderator pay to become part owner and I might be able to convince Steinman to do likewise. :shifty:

Whoa, really?

http://braintanned.com/images/tommy_chong_ColumbiaTriStar.jpg

Well FAR OUT MAN! Welcome aboard!

[Calvin]

If Randy and I pitch in we would be $0.00 further toward reaching goal -- and in two currencies.

[Diggin' Bear]

There, there, now. It's going to be all right! The government will pitch in to rescue you!

[wx or not]

In related news, Mark the Voice has donated his administrator rights to a consortium led by Randy and Calvin. The resulting eleven-figure amount has catapulted the group into prominent leadership to take over Young, Nexstar, and Sinclair...

[Calvin]

You neglected to mention that all eleven figures are found to the right of the decimal point. :eek: