More details are available regarding the acquisition of the New Vision Television group by LIN Media – which includes the right to continue agreements with a trio of operated but not owned stations. However, they, too, are being sold.
The stations are operated in tandem with New Vision properties in Youngstown OH, Savannah GA and Topeka KS. They include MyTV WYTV in Youngstown, FOX WTGS-TV in Savannah GA and ABC KTKA-TV in Topeka.
They are already in LMAs with New Vision, which will be carried forward when LIN takes over the New Vision stations; but ownership of the LMA’d stations will shift from Todd Parkin’s PBC Broadcasting to Thomas J. Vaughan’s Vaughan Media LLC.
The price for the trio will be $4.6M.
LIN has an option to acquire them down the road. It has paid a nominal $8.5K for the option. It would likely require a change to the local television ownership caps – or some other seismic market-condition or local population shift — for LIN to move on the stations.
The overall deal includes a number of full power satellite stations, as well as low power outlets. Some of the low power stations also function as repeaters, but others are used as conduits for primary program streams. Here is what’s included in the total package.
Birmingham AL
* WIAT-TV CBS
Mason City IA
* KIMT-TV CBS/MyTV
Portland OR
* KOIN-TV CBS
Honolulu HI
* KHON-TV HI FOX/CW
* KHAW-TV Hilo HI FOX/CW
* KAII-TV Wailuku HI FOX/CW
Wichita KS
* KSNW-TV NBC
* KSNC-TV Great Bend KS NBC
* KSNG-TV Garden City KS NBC
* KSNK-TV McCook NE NBC
* KSNL-LD Salina KS NBC
Topeka KS
* KSNT-TV NBC
* KTMJ-CA Topeka KS FOX
* KETM-LP Emporia KS FOX
* KMJT-LP Ogden KS FOX
* KTKA-TV Topeka KS ABC Vaughan station
Savannah GA
* WJCL-TV ABC
* WTGS-TV Savannah GA FOX Vaughan station
Youngstown OH
* WKBN-TV CBS
* WYFX-LD Youngstown OH FOX
* WYTV Youngstown MyTV Vaughan station
The LIN/New Vision deal is valued at $342.4M in cash and debt assumption.
