Chapter 36: August 1995 (Part 1)
NBC and LIN completes merger
NBC and AT&T completes their assets acquisition pieces of LIN Media. The pieces for the breakup of LIN Media:
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Hearst completes WNOL-TV acquisition
Hearst Broadcasting, who owns six television stations, including five ABC affiliates and one NBC affiliate completes its purchase of Quincy Jones Broadcasting, owners of New Orleans WNOL-TV, which is losing its Fox affiliation to WVUE-TV (channel 8).
WNOL-TV would switch to ABC on January 1, 1996, the day it would launch its news department. Hearst is in the process of merging it with Disney, ABC, Allbritton and Scripps, as well as being in the process of buying Young Broadcasting and the McGraw-Hill stations.
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Bonneville to sold to Clear Channel
The LDS Church announced its $8 billion offer to sell off its broadcasting holdings, including radio stations and two television stations, all Fox affiliates were of KSL-TV in Salt Lake City, and KIRO-TV in Seattle, to Clear Channel Communications. Clear Channel was in the process of selling the organization to News Corporation, owner of the Fox television network, and decided that Fox would launch a radio companion network.
NBC and AT&T completes their assets acquisition pieces of LIN Media. The pieces for the breakup of LIN Media:
- AT&T will receive the telephone assets of the LIN Media company
- NBC purchases the six LIN Television stations WISH-TV in Indianapolis, WAND-TV in Decatur, WANE-TV in Fort Wayne, KXAS-TV in Dallas/Fort Worth, KXAN-TV in Austin and WAVY-TV in Norfolk. This would join the current NBC owned-and-operated stations WNBC-TV in New York City, KNBC-TV in Los Angeles, WMAQ-TV in Chicago, KCNC-TV in Denver, KUTV-TV in Salt Lake City, WTVJ in Miami, WRC-TV in Washington, D.C., WMAZ-TV in Macon, WLWT-TV in Cincinnati, KSDK in St. Louis, WKYC-TV in Cleveland and WBIR-TV in Knoxville. Current NBC affiliates WKJG-TV and WTHR-TV switches to CBS on the same day the acquisition completed, and current NBC affiliates WICS and WICD, serving South Central Illinois switches to ABC.
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Hearst completes WNOL-TV acquisition
Hearst Broadcasting, who owns six television stations, including five ABC affiliates and one NBC affiliate completes its purchase of Quincy Jones Broadcasting, owners of New Orleans WNOL-TV, which is losing its Fox affiliation to WVUE-TV (channel 8).
WNOL-TV would switch to ABC on January 1, 1996, the day it would launch its news department. Hearst is in the process of merging it with Disney, ABC, Allbritton and Scripps, as well as being in the process of buying Young Broadcasting and the McGraw-Hill stations.
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Bonneville to sold to Clear Channel
The LDS Church announced its $8 billion offer to sell off its broadcasting holdings, including radio stations and two television stations, all Fox affiliates were of KSL-TV in Salt Lake City, and KIRO-TV in Seattle, to Clear Channel Communications. Clear Channel was in the process of selling the organization to News Corporation, owner of the Fox television network, and decided that Fox would launch a radio companion network.
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