Monday, May 8, 2017

Does Tribune Media sale signal the rise of a new conservative TV network?

JS This is very exciting news even though Mr. Morrissey breaksdown the many problems involved.
But WGN has been sitting almost idle for many years but is a Superstation carried coast to coast.
Folks will speculate that this will be the Conservative station we have needed for years especially with Fox attemps to take down President Trump in last year's election and now Fox reeling from attacks on management and Bill O'Reilly.

I see WGN as an opportunity for the Right to have a major network that could be on the regular TV band like NBC, CBS. This challenge would change everything. WGN could do news in the AM like  and PM like a CBS and during the day and prime time evenings have a sitcoms, drama, specials just like the Big 3. These shows would be produced to appeal to American family values. Plus having a big presence on cable TV.

Hot Air/Ed Morrissey
U.S. broadcaster Sinclair Broadcast Group Inc said on Monday it would buy Tribune Media Co, one of the largest U.S. television station operators, for about $3.9 billion cash and stock, and assume about $2.7 billion in debt.

The $43.50 per share offer represents a nearly 8 percent premium to Tribune’s Friday close. Shares of Tribune, which operates 42 television stations in 33 markets, rose 5.2 percent to $42.40 in early trading on Monday. …
The announcement of the deal comes weeks after the U.S. Federal Communications Commission voted to reverse a 2016 decision that limits broadcasters owning stations serving no more than 39 percent of U.S. television households.
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