Chapter 115: November 1998 (Part 2)
Lamco Communications broke up
Lamco Communications announced that they would dismantle their operations. CBS bought out the radio stations, while major networks showed interest in the broadcasting operations.
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Ackerley Group sold
Disney/ABC announced its negotiations to buy Ackerley Group, who owns several ABC affiliates like WIVT-TV in Binghamton, WIXT-TV in Syracuse and WUTR-TV in Utica. This did not include KVOS-TV, which was instead sold to California Television Partners LP, owners of KCAL-TV in Los Angeles, KKTV in Colorado Springs, which was sold to Sony/CBS, KGET-TV in Bakersfield which was instead sold to General Electric/NBC and KCBA-TV in Salinas, which was instead transferred to Fox Television Stations for $50 billion.
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FCC approves Disney/Grapevine offer
The Federal Communications Commission had approved the $12.4 billion offer to purchase KAAL in Austin and KODE-TV in Joplin. NBC would purchase KTVE-TV in El Dorado, and KTBY-TV in Anchorage was sold off to Fox Television Stations.
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FCC approves Paramount/KJZZ offer
The Federal Communications Commission had approved Paramount's $1 billion offer to buy KJZZ-TV. This make the Salt Lake City market the fifth owned-and-operated television station. The others were KTVX (ABC), KUTV (NBC), KSTU (CBS) and KSL-TV (FOX).
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Time Warner to buy Salt Lake station
Time Warner Inc. announced a $6.4 healthy billion offer to purchase the Salt Lake City station KUWB-TV. KUWB was a WB affiliate operating on UHF channel 30, carrying several programming from The WB Television Network.
Lamco Communications announced that they would dismantle their operations. CBS bought out the radio stations, while major networks showed interest in the broadcasting operations.
- KRCR-TV in Chico and its semi-satellite KAEF-TV in Eureka, as well as KTXS-TV in Abilene and KTXE-TV in San Angelo was sold to Disney/ABC, for $2.5 billion.
- The Montana stations (KECI-TV, KCFW-TV, KTVM-TV and KDBZ-TV) as well as WCYB-TV in Bristol were sold off to General Electric/NBC for $3.5 billion.
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Ackerley Group sold
Disney/ABC announced its negotiations to buy Ackerley Group, who owns several ABC affiliates like WIVT-TV in Binghamton, WIXT-TV in Syracuse and WUTR-TV in Utica. This did not include KVOS-TV, which was instead sold to California Television Partners LP, owners of KCAL-TV in Los Angeles, KKTV in Colorado Springs, which was sold to Sony/CBS, KGET-TV in Bakersfield which was instead sold to General Electric/NBC and KCBA-TV in Salinas, which was instead transferred to Fox Television Stations for $50 billion.
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FCC approves Disney/Grapevine offer
The Federal Communications Commission had approved the $12.4 billion offer to purchase KAAL in Austin and KODE-TV in Joplin. NBC would purchase KTVE-TV in El Dorado, and KTBY-TV in Anchorage was sold off to Fox Television Stations.
-
FCC approves Paramount/KJZZ offer
The Federal Communications Commission had approved Paramount's $1 billion offer to buy KJZZ-TV. This make the Salt Lake City market the fifth owned-and-operated television station. The others were KTVX (ABC), KUTV (NBC), KSTU (CBS) and KSL-TV (FOX).
-
Time Warner to buy Salt Lake station
Time Warner Inc. announced a $6.4 healthy billion offer to purchase the Salt Lake City station KUWB-TV. KUWB was a WB affiliate operating on UHF channel 30, carrying several programming from The WB Television Network.