dmas 154 & 185

Nexstar Completes Buy Of 5 Hoak/Gray TVs

Spun off from Gray's purchase of Hoak Media, the three stations and two satellites are the group’s first in Panama City, Fla., and Grand Junction, Colo. Nexstar got them for $33.5 million.  
By
TVNewsCheck,

Nexstar Broadcasting Group on Friday said it completed the purchase of five television stations in two markets for $33.5 million that Gray spun off from its purchase of stations from Hoak Media in April.

They are: ABC affiliate WMBB Panama City, Fla. (DMA 154); KREX (CBS)-KGJT (MNT) Grand Junction, Colo. (DMA 185); and two satellites of KREX: KREG Glenwood Springs, Colo., and KREY Montrose, Colo.

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Concurrent with the acquisition of the five stations, Nexstar said it will assume Hoak’s contractual obligations with Parker Broadcasting of Colorado for KFQX, the Grand Junction, Fox affiliate, under the existing time brokerage agreement, whereby Nexstar will provide sales and other services to the station. Under the terms of the amended agreement, Nexstar sidecar company, Mission Broadcasting will pay Parker $3.2 million to be applied to the purchase price upon closing, which is pending approval by the FCC.

Perry A. Sook, chairman-president-CEO of Nexstar, said in a statement: “This transaction is consistent with our core strategy to diversify and expand our local traditional media, digital and mobile media platforms through transactions that are complementary to our existing operations while also providing financial and operating synergies that enhance free cash flow. This transaction marks our entrée into Grand Junction and Panama City and we look forward to leveraging our industry-wide leadership in delivering exceptional local and network programming and service in our markets for the benefit of viewers while creating an even stronger marketing platform for local area businesses.”

Wells Fargo analyst Marci Ryvicker said of the news, “We are pleased to finally see some unclogging of deals at the FCC.”

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Ratings

Overnights, adults 18-49 for September 29, 2016
  • 1.
    1.6/6
  • 2.
    1.2/4
  • 3.
    1.2/4
  • 4.
    0.9/3
  • 5.
    0.6/2
  • 6.
    0.3/1
Source: Nielsen

Reviews

  • Rob Owen

    Easily fall’s best broadcast network comedy pilot, NBC’s The Good Place offers a clever high-concept premise that’s complemented with intelligent, sometimes absurdist humor. Created by Michael Schur, co-creator of NBC’s Parks and Recreation, The Good Place is a highly serialized series that’s essentially set in heaven and stars Kristen Bell and Ted Danson. NBC made five episodes of The Good Place available for review, and the show not only holds up, but also it improves, deepening characters that initially feel one-note and frequently leaving viewers guessing with cliffhanger endings to many of the episodes. The combination of snappy dialogue and winning but flawed characters makes The Good Place a great bet for fans of smart TV comedy.

  • Maureen Ryan

    Pitch has swagger, for good reason. It gets the big things right; the Fox drama about the first female baseball player in the Major Leagues is one of the year’s most assured and exciting debuts. But part of what impresses about the pilot is also the way it confidently strings together so many small but telling details. Ginny (Kylie Bunbury) is the first woman to be called up from the minors to the big leagues, and no show since Friday Night Lights has done a better job of portraying the internal and external pressures that weigh heavily on young athletes asked to do much more than merely succeed on the field. Pitch will likely do a good job of getting viewers to root for it. The hope is that the show won’t be an impressive, short-lived curiosity, but rather a long-term phenomenon.

  • Kevin Fallon

    In a fall TV season that’s already making a splash for championing diverse, distinctive voices in an array of projects that they created, wrote, and starred in, Better Things on FX stands out. The show is created by, written by, and starsPamela Adlon. She plays Sam Fox, the single mother of three daughters modeled after her own reality-show-ready experience raising three girls in Los Angeles following a divorce. Sam is also, like Adlon, a working actress — on shows both raunchy, a la Californication, and animated for children, like her role on Recess. It’s a refreshingly blunt take on single motherhood without sacrificing the warmth of parental love, portraying the dance between selfishness and selflessness that’s at the heart of being a parent — especially one weathering the hormonal fireworks of a household of four women at different ages.

  • David Wiegand

    The fall TV season doesn’t count as much as it used to — we already know that. But no matter how many retreads the broadcast networks throw at viewers in the next few months, this fall will be memorable because of the premiere of Atlanta on Tuesday, Sept. 6, on FX. The half-hour comedy created by and starring Donald Glover (Community), simply and brilliantly recalibrates our expectations of what a TV comedy is and how black lives are portrayed on the medium.

  • Louisa Ada Seltzer

    The second reboot of the 1980s John Candy movie Uncle Buck, bumped by ABC from midseason, has the same tired jokes you'll find on any second-rate sitcom. Too bad, because Mike Epps is appealing and ABC would be wise to keep him around for future shows, but there’s just not enough to this show to suggest it will last past summer. It also airs against NBC’s America’s Got Talent, summer’s No. 1 program on broadcast, which may make it even harder to find an audience.

  • Neil Genzlinger

    Bryan Cranston brings his Tony Award-winning interpretation of President Lyndon B. Johnson to television in an adaptation of the Robert Schenkkan play All the Way, and it’s still quite a sight to behold, just as it was on Broadway in 2014. Nothing beats witnessing this kind of larger-than-life portrayal onstage, of course. But the television version, presented by HBO, offers plenty of rewards, allowing Cranston to work the close-ups and liberating him from the confines of a theater set. Cranston’s performance is a gem — in his hands, this accidental president comes across as an amazing bundle of contradictions, someone who seems at once too vulgar for the job and just right for it.

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