Comments on: Young wants quick sale for KRON-TV

By: Anonymous

Anonymous — Sat, 22 Mar 2008 06:42:19 +0000

Why does Young want KRON so bad in the first place?

By: Terrance McDermott

Terrance McDermott — Tue, 15 Jan 2008 18:04:24 +0000

Ignored in all this is what Young wants for KRON. I suspect it is as unreal as what he paid for KRON. KRON will be on the market for
as long as it takes Young to: 1. realize he is not going to get what
he wants and 2. he is pushed up against the wall financially and
can no longer afford to dream on about what he wants . . .

By: tdc

tdc — Sat, 12 Jan 2008 22:17:45 +0000

seems like lr’s sniffers do not like the ‘less than sign’ so i’ll try it this way (for the third time!)

…they traded at less than FORTY CENTS during the week too!

i’d say that is virtually nothing.

what say you?

By: tdc

tdc — Sat, 12 Jan 2008 22:16:01 +0000

… they traded at

By: tdc

tdc — Sat, 12 Jan 2008 22:13:05 +0000

“so then we can expect them to be sold for virually nothing”

well, young’s shares are like deer nuts…

hanging around under a buck.

(.94, if i recall. they traded at

By: Barry S.

Barry S. — Sat, 12 Jan 2008 16:48:53 +0000

Maybe now would be a good time for NBC to offer Young what they paid for KNTV..

By: Allen

Allen — Sat, 12 Jan 2008 05:44:40 +0000

That’s right. “No one” is watching tv. They just use their 42″ HDTV’s to play their Wii’s on.

By: Brink

Brink — Fri, 11 Jan 2008 23:03:16 +0000

“this term is all the rage as tv stations, radio stations and newspapers RUN from the fact they are OUTDATED delivery vehicles.”

Really? So then we can expect them to be sold for virtually nothing, since they’re “outdated”?

Somehow, I don’t expect to see that happen anytime soon.

When the writer’s strike began, this very cranked up lists of “what else” you could watch. But why would such a list be needed? After all, if you weren’t watching this “outdated” medium, then you wouldn’t care if the writers quit filling it with show, right?

It’s now in style tosay you don’t watch TV, but an awful lot of internet bandwidth seems to be used lamenting the shows that “no one” is watching.

By: no name

no name — Fri, 11 Jan 2008 21:44:43 +0000

I heard that Young is reducing budgets by as much as several million at every property - AND eliminating online efforts. Don’t know if that’s true.

By: tdc

tdc — Fri, 11 Jan 2008 15:29:47 +0000

what the F is a “true local media company”???

this term is all the rage as tv stations, radio stations and newspapers RUN from the fact they are OUTDATED delivery vehicles.

yet, when it comes to REAL change all they do is change the term by which they refer to themselves by.

les moonves just said yesterday that the “web is a friend of tv”.

yes les, like the web has been a friend to the newspaper industry.

i have nothing against people who WANT to move toward being a local media company. but all talk and no walk is gonna get your share price halved.

AND, answer me this…

as a local media company ONLINE, do you focus on a local audience OR on local content?

online (vs. a rusty tower somewhere) your local audience is anywhere on the globe… hence deals like yahoo and cnn.

so much for the “forget the out-of-market” eyeballs, eh?

yes, buy KRON for pennies on the dollar what young paid for it.

it’ll leave you $$$ left to really do something.

By: Hussman

Hussman — Fri, 11 Jan 2008 14:40:26 +0000

Maybe Granite Broadcasting will buy it.

By: Rocker

Rocker — Fri, 11 Jan 2008 14:07:13 +0000

Steve, would love to do that. And absolutely believe a true local media outlet could get traction….would have to be re-tooled from top to bottom, into a multi-media, non-linear local publishing operation. Whether it’s a good idea depends on the price, but absolutely I believe could be operated with positive cash flow in pretty short order… 1 - 2 years. BTW, LR doesn’t seem to be following OMVC/LG/Samsung advent of DTV-Mobile very closely, but that spectrum as mobile video delivery channel alone makes the station more valuable than most will realize.

By: Safran

Safran — Fri, 11 Jan 2008 13:04:41 +0000

Here’s the question - and I’m serious…

If you had the money, would you buy?

Would you take it and try to “Flip This Station?”

Would you turn it into a true Local Media Outlet and take advantage of what they have to offer?

Or do you think it’s too late?

I’m interested in the LR Faithful’s thoughts.

By: tdc

tdc — Fri, 11 Jan 2008 11:35:16 +0000

‘drastically overpaid’?

by a factor of 10.

an entire station group (sporting a wildly overvalued p/e of 25) carries a market cap of less than $2B… and that includes nearly 30 stations.

By: Rob W

Rob W — Fri, 11 Jan 2008 05:17:55 +0000

Rosenblum?
He can get in on the ground floor …