Archive for the ‘Uncategorized’ Category

KMGH for Sale
June 14, 2011

KMGH-Channel 7, which has been owned by publishing house McGraw-Hill since 1972, is up for sale along with other Mc-Graw Hill television stations.

Here’s more from Marketwatch:

McGraw-Hill, best known for its Standard & Poor’s ratings service and for educational products, has hired Morgan Stanley to assist in the divestment. The company is looking to shed its ABC affiliate television stations in Denver, San Diego, Indianapolis and Bakersfield, Calif.; and its Azteca America affiliates in five markets.

The company said the properties “should be attractive,” given their desirable locations.

Here’s Channel 7’s own story about it, which was written in New York according to the byline:

The planned divestiture is part of a continuing portfolio review that McGraw-Hill is undertaking across the enterprise to reevaluate its strategic core and ensure it is appropriately allocating capital to generate shareholder value, officials said.

“McGraw-Hill has successfully evolved its business mix over the years and is committed to driving superior shareholder value by focusing on high-growth global brands and businesses,” said Harold McGraw III, Chairman, President and Chief Executive Officer.

The Broadcasting Group had revenues of almost $100 million in 2010, up 18 percent over the prior year.

It is unknown who potential buyers may be.

(Hat tip to Paul)

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KDVR/KWGN Hires New VP of Content
June 10, 2011

KDVR-Fox 31 and KWGN-Channel 2 have hired Ed Kosowski, formerly the executive producer of CNBC.com, as the new Vice President of News and Digital Content, replacing Carolyn Kane, who left the duopoly in April. This was originally reported by Media Bistro.

Seeing that Kosowski is coming from a national media outlet, and especially one that is known for producing relatively high quality programming, I see this as a nice get for 2/31, and I would imagine that his experience would fit well with the stations’ increasing attention to more localized programming.

I’m Back…
June 10, 2011

…and who knew a wedding could be so tiring? It feels like it’s been ages since I was last here. But this isn’t a personal blog, so let’s get back to the news about the news…

On Vacation…
June 1, 2011

I’ll be out for a few days. I’m going to my sister’s wedding in California. Blogging will resume early next week.