Analysis: More About KMGH’s Sale…

The news came as a surprise to many when McGraw-Hill announced on Tuesday that after owning KMGH for nearly 40 years, it is looking for a buyer for the station as well as KMGH’s sister stations in Indianapolis, San Diego, and Bakersfield, California. McGraw-Hill cited in its own press release that while its broadcasting division generated $100mn in revenues in 2010, a figure that was up 18% year-over-year, it is planning on focusing on its core financial data and publishing businesses. McGraw-Hill’s reasoning is understandable, but the future of its broadcasting division remains unknown. The television stations are likely attractive to potential buyers being situated in mostly desirable markets, but KMGH-Channel 7 has the most appeal being the only McGraw-Hill station in a top 20 media market.

As an editor’s note, while it is common for media writers to speculate about potential buyers in stories such as this one, I will refrain from speculation and will only report on potential buyers if I have solid evidence or rumors to do so.

Advertisements

There are no comments on this post.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: