A busy trade between 5 station groups

TV News    Business TV News 

    Today was a busy day for Lin, Media General , Sinclair , Hearst , and Meredith as some TV station deals and trades were made.
    Due to Lin and Media General wanting to merge , they had to remove some stations that would be redundant  and to comply with FCC ownership Rules.
      The Sinclair Broadcasting Group and Lin/Media General are making the following  sales as trade :
  Due to Media General owning WJAR-TV   (NBC affiliate)  and WPRI-TV (CBS) being owned by  Lin Media General will sell WJAR To  Sinclair  , keeping WPRI.
     In Greenbay  WLUK-TV(FOX) and WCWF(CW)  ,owned by Lin  will be sold to Sinclair while Media General owned WBAY (ABC)  will be owned by the new merged company.
   In Savannah, GA  WJCL (FOX)  the non-license assets owned by Lin will be sold to Sinclair , while the station will still be owned by WTGS Television ,LLC.

 Meanwhile as part of the trade , Sinclair will hand over 3 stations to Media General.
        WTTA-TV (MyTV) in Tampa Bay, which will become a sister station to WFLA (NBC) .    Colorado Springs Fox and CW affiliates KXRM (FOX) , KXTU (CW)  are the other two to be sold to Media General.
 
In Birmingham  Lin owned WTAT  (CBS) will be owned by the new company  , WVTM (NBC) ,owned by Media General , will be sold to Hearst Broadcasting.  Hearst will also acquire Savannah WJCL (abc).

In Moblie, Alabama  WALA  (FOX ) , will be sold to Meredith  Company , while it's sister station , CW affiliate WFNA  will co-run with WKRG (CBS).




soucres:  Sinclair (PDF)  Hearst   Lin/MG   TV news check 

Report: Is Al Gore's Network going to be bought?

Straight Forward #CurrentTV 
      The NewYork Times' Brian Stelter  is reporting that Al Gore's  opinion news network Current TV is being purchased by Al Jazeera  and programming will be dissolved.  It could  be a new channel called "Al Jazeera America"  and not it's  Al Jazeera English news. This comes after   International News Channels like BBC World News and RT have been spreading and gaining in popularity in the past few years into the United States.
 Read the Full story from  the Newyork TImes here 
 Update  (7:29PMET)  Forbes  has more information here 

WSJ : ABC and Unision are talks to start a news channel

Cable NEWS   T V
     The Cable news world  , could be growing .  The Wall Street Journal is reporting that  Walt Disney (ABCNEWS Parent)  and Univision Communuications are in talks to launch an English language news network  and could be launched before the elections.
     from WSJ:

   The new channel would plunge Disney’s ABC News more directly into the fractious cable-news wars, competing alongside Time Warner Inc’s CNN, News Corp.’s Fox News and Comcast Corp.’s MSNBC. And it would mark a big strategic shift for Univision, which since its beginnings five decades ago has been defined by its Spanish broadcasts, but which will now compete for English speakers.

 ABC  and Univision have not  commented on this as of yet. But it does make for  a good idea.  ABC did have plans to launch a news channel in 1996 but changed minds.  ABC currently has a news channel ABC NEWSNOW , it's not very main stream , really only available on Verizon Fios and online from some cable companies and on some mobile phones. It's mostly taped programmed and lifestyle shows.
well update you as we can.