[opendtv] News: NBC Puts Two Stations on Block
- From: Craig Birkmaier <craig@xxxxxxxxx>
- To: OpenDTV Mail List <opendtv@xxxxxxxxxxxxx>
- Date: Thu, 20 Mar 2008 08:41:58 -0400
Another Network selling some of it's TV stations...
http://www.broadcastingcable.com/article/CA6543422.html?display=Breaking+News&referral=SUPP&nid=2228
NBC Puts Two Stations on Block
WTVJ Miami, WVIT Hartford, Conn., for Sale as NBC Universal Seeks to
Focus on Top 10 Markets
By Michael Malone -- Broadcasting & Cable, 3/19/2008 3:43:00 PM
NBC Universal is shopping WTVJ Miami and WVIT Hartford, Conn., as the
NBC Local Media Division seeks to focus on top 10 markets and its
growing stable of digital assets.
WTVJ does business in the No. 16 Nielsen DMA, and NBCU will hold onto
its WSCV Telemundo outlet there.
WVIT is in the No. 28 DMA and pulls in about 26% of the TV revenue in
Hartford, according to BIA Financial Networks, good for second in the
market.
"We're in the process of re-engineering the way we think, shifting
our focus from a traditional stations business to becoming
full-service local-media-production centers," NBC Local Media
president John Wallace said in an internal memo.
NBC Local Media's recent digital acquisitions include Skycastle
Entertainment and LX.TV.
"These growth investments are an important part of ensuring our
long-term viability," Wallace wrote. "They also need to be
self-funded. As a result, we've taken a hard look at our portfolio
and made some difficult decisions about what's best for our business
going forward."
Meetings were being held at the two stations Wednesday to brief
employees and address their questions.
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