Revision as of 04:28, 1 November 2021 editMvcg66b3r (talk | contribs)Extended confirmed users113,347 editsNo edit summary← Previous edit | Revision as of 04:31, 1 November 2021 edit undoMvcg66b3r (talk | contribs)Extended confirmed users113,347 editsNo edit summaryNext edit → | ||
Line 46: | Line 46: | ||
The station's owner, Young Broadcasting, went into ] ] in 2009. The station was part of a bankruptcy auction scheduled for July 14, 2009 but cancelled at the last minute.<ref></ref> On July 22, a bankruptcy judge approved a plan in which Young's secured lenders would take over the company. | The station's owner, Young Broadcasting, went into ] ] in 2009. The station was part of a bankruptcy auction scheduled for July 14, 2009 but cancelled at the last minute.<ref></ref> On July 22, a bankruptcy judge approved a plan in which Young's secured lenders would take over the company. | ||
On June 6, 2013, Young Broadcasting announced that it would merge with Richmond-based ]. Upon consummation, the merger made WRIC-TV one of two flagships of Media General (] in ] serves as the home base of Media General's broadcast division). It was the first legal opportunity for Media General in years to own a station in its hometown. Its predecessor, Richmond Newspapers, lost out in the bidding for WWBT's forerunner, WRVA-TV, in 1956 due to the FCC's preference for a non-newspaper owner. Media General merged with WTVR's then-parent company, Park Communications, but had to immediately put WTVR on the market due to cross-ownership restrictions involving the flagship '']'', which was sold with Media General's newspaper business in 2012 to ]. The merger also made WRIC a sister station to ]'s |
On June 6, 2013, Young Broadcasting announced that it would merge with Richmond-based ]. Upon consummation, the merger made WRIC-TV one of two flagships of Media General (] in ] serves as the home base of Media General's broadcast division). It was the first legal opportunity for Media General in years to own a station in its hometown. Its predecessor, Richmond Newspapers, lost out in the bidding for WWBT's forerunner, WRVA-TV, in 1956 due to the FCC's preference for a non-newspaper owner. Media General merged with WTVR's then-parent company, Park Communications, but had to immediately put WTVR on the market due to cross-ownership restrictions involving the flagship '']'', which was sold with Media General's newspaper business in 2012 to ]. The merger also made WRIC a sister station to ]'s NBC affiliate, ].<ref>, ''TVNewsCheck'', June 6, 2013.</ref> The merger was approved by the FCC on November 8, after Media General shareholders approved the merger a day earlier;<ref> Broadcasting & Cable, Retrieved 8 November 2013</ref> it was completed on November 12.<ref name=tvnc-youngmgcomplete>{{cite news|title=Media General, Young Now Officially One|url=http://www.tvnewscheck.com/article/71928/media-general-young-now-officially-one|access-date=November 12, 2013|newspaper=TVNewsCheck|date=November 12, 2013}}</ref> | ||
On September 8, 2015, Media General announced that it would acquire the ]-based ] for $2.4 billion with the intention to name the combined group Meredith Media General if the sale were finalized.<ref>{{cite web|title=Media General Acquiring Meredith For 2.4 Billion|url=http://www.tvnewscheck.com/article/88230/media-general-acquiring-meredith-for-24b|website=TVNewsCheck|publisher=NewsCheck Media|date=September 8, 2015}}</ref><ref>{{cite web|title=TV Station Mega Merger: Media General Sets $2.4 Billion Acquisition of Meredith Corp.|url=https://variety.com/2015/tv/news/tv-station-meredith-media-general-merger-1201587744/|author=Cynthia Littleton|periodical=]|publisher=]|date=September 8, 2015|access-date=September 9, 2015}}</ref><ref>{{cite press release|title=Media General, Meredith To Combine To Create Meredith Media General: A New Powerful Multiplatform And Diversified Media Company|url=http://www.prnewswire.com/news-releases/media-general-meredith-to-combine-to-create-meredith-media-general-a-new-powerful-multiplatform-and-diversified-media-company-300138841.html|agency=]|publisher=]|date=September 8, 2015}}</ref><ref>{{cite news|title=Meredith will be acquired by Media General in a television merger|url=http://www.kansascity.com/news/business/article34385637.html|newspaper=]|publisher=]|date=September 8, 2015|access-date=September 9, 2015}}</ref><ref>{{cite news|title=KCTV, KSMO will get new owner|url=http://www.bizjournals.com/kansascity/blog/morning_call/2015/09/kctv-ksmo-will-get-new-owner.html|newspaper=Kansas City Business Journal|publisher=]|date=September 9, 2015}}</ref> However, on September 28, ], ]-based ] made an unsolicited cash-and-stock merger offer for Media General, originally valued at $14.50 per share.<ref>{{cite news|title=Meredith, Media General stand by deal despite report|url=http://www.desmoinesregister.com/story/money/business/2015/10/07/report-meredith-media-general-deal-jeopardy/73510926/|newspaper=]|publisher=]|date=October 8, 2015|access-date=October 8, 2015}}</ref> On November 16, following opposition to the merger with Meredith by minority shareholders ] and Starboard Capital (primarily because Meredith's magazine properties were included in the deal, which would have re-entered Media General into publishing after it sold its newspapers to ] in 2012 to reduce debt) and the rejection of Nexstar's initial offer by company management, Media General agreed to enter into negotiations with Nexstar on a suitable counter deal, while the Meredith merger proposal remained active; the two eventually concluded negotiations on January 6, 2016, reaching a merger agreement for valued at $17.14 per share (an evaluation of $4.6 billion, plus the assumption of $2.3 billion debt).<ref>{{cite web|title=Media General Rejects Nexstar's $1.9B Offer, But Agrees To Talk|url=https://deadline.com/2015/11/media-general-rejects-nexstar-1-9b-offer-1201625231/|website=]|publisher=Penske Media Corporation|date=November 16, 2015}}</ref> | On September 8, 2015, Media General announced that it would acquire the ]-based ] for $2.4 billion with the intention to name the combined group Meredith Media General if the sale were finalized.<ref>{{cite web|title=Media General Acquiring Meredith For 2.4 Billion|url=http://www.tvnewscheck.com/article/88230/media-general-acquiring-meredith-for-24b|website=TVNewsCheck|publisher=NewsCheck Media|date=September 8, 2015}}</ref><ref>{{cite web|title=TV Station Mega Merger: Media General Sets $2.4 Billion Acquisition of Meredith Corp.|url=https://variety.com/2015/tv/news/tv-station-meredith-media-general-merger-1201587744/|author=Cynthia Littleton|periodical=]|publisher=]|date=September 8, 2015|access-date=September 9, 2015}}</ref><ref>{{cite press release|title=Media General, Meredith To Combine To Create Meredith Media General: A New Powerful Multiplatform And Diversified Media Company|url=http://www.prnewswire.com/news-releases/media-general-meredith-to-combine-to-create-meredith-media-general-a-new-powerful-multiplatform-and-diversified-media-company-300138841.html|agency=]|publisher=]|date=September 8, 2015}}</ref><ref>{{cite news|title=Meredith will be acquired by Media General in a television merger|url=http://www.kansascity.com/news/business/article34385637.html|newspaper=]|publisher=]|date=September 8, 2015|access-date=September 9, 2015}}</ref><ref>{{cite news|title=KCTV, KSMO will get new owner|url=http://www.bizjournals.com/kansascity/blog/morning_call/2015/09/kctv-ksmo-will-get-new-owner.html|newspaper=Kansas City Business Journal|publisher=]|date=September 9, 2015}}</ref> However, on September 28, ]-based ] made an unsolicited cash-and-stock merger offer for Media General, originally valued at $14.50 per share.<ref>{{cite news|title=Meredith, Media General stand by deal despite report|url=http://www.desmoinesregister.com/story/money/business/2015/10/07/report-meredith-media-general-deal-jeopardy/73510926/|newspaper=]|publisher=]|date=October 8, 2015|access-date=October 8, 2015}}</ref> On November 16, following opposition to the merger with Meredith by minority shareholders ] and Starboard Capital (primarily because Meredith's magazine properties were included in the deal, which would have re-entered Media General into publishing after it sold its newspapers to ] in 2012 to reduce debt) and the rejection of Nexstar's initial offer by company management, Media General agreed to enter into negotiations with Nexstar on a suitable counter deal, while the Meredith merger proposal remained active; the two eventually concluded negotiations on January 6, 2016, reaching a merger agreement for valued at $17.14 per share (an evaluation of $4.6 billion, plus the assumption of $2.3 billion debt).<ref>{{cite web|title=Media General Rejects Nexstar's $1.9B Offer, But Agrees To Talk|url=https://deadline.com/2015/11/media-general-rejects-nexstar-1-9b-offer-1201625231/|website=]|publisher=Penske Media Corporation|date=November 16, 2015}}</ref> | ||
On January 27, Meredith formally broke off the proposed merger with Media General and accepted the termination fee of $60 million previously negotiated under the original merger proposal; Media General subsequently signed an agreement to be acquired by Nexstar, in exchange for giving Meredith ] to acquire any broadcast or digital properties that may be divested (a clause that Meredith did not exercise).<ref name=tvnc-mgnexstar>{{cite web|title=Nexstar-Media General: It's A Done Deal|url=http://www.tvnewscheck.com/article/91865/nexstarmedia-general-its-a-done-deal|website=TVNewsCheck|publisher=NewsCheck Media|date=January 27, 2016|access-date=March 4, 2016}}</ref><ref name=nyt-mgnex>{{cite news|title=Nexstar Clinches Deal to Acquire Media General|url=https://www.nytimes.com/2016/01/28/business/dealbook/nexstar-clinches-deal-to-acquire-media-general.html?_r=0|author=Leslie Picker|newspaper=The New York Times|date=January 27, 2016|access-date=January 27, 2016}}</ref><ref>{{cite press release|title=NEXSTAR BROADCASTING GROUP ENTERS INTO DEFINITIVE AGREEMENT TO ACQUIRE MEDIA GENERAL FOR $4.6 BILLION IN ACCRETIVE CASH AND STOCK TRANSACTION|url=http://www.mediageneral.com/press/2016/jan27_2016nexs.html|website=]|date=January 27, 2016|url-status=dead|archive-url=https://web.archive.org/web/20160130083411/http://www.mediageneral.com/press/2016/jan27_2016nexs.html|archive-date=January 30, 2016}}</ref><ref>{{cite web|title=Prather Buys 5 TVs From Nexstar-Media Gen.|url=http://www.tvnewscheck.com/article/95456/prather-buys-5-tvs-from-nexstarmedia-gen|website=TVNewsCheck|publisher=NewsCheck Media|date=June 13, 2016|access-date=March 14, 2017}}</ref> The transaction was approved by the FCC on January 11, 2017; the sale was completed on January 17, at which point the existing Nexstar stations and the former Media General outlets that neither group had to sell in order to rectify ownership conflicts in certain markets became part of the renamed Nexstar Media Group; this brought WRIC as well as NBC affiliate ] and Fox affiliate ] in ] (which became sister properties to WRIC through Media General's 2015 acquisition of ]) under common ownership with the |
On January 27, Meredith formally broke off the proposed merger with Media General and accepted the termination fee of $60 million previously negotiated under the original merger proposal; Media General subsequently signed an agreement to be acquired by Nexstar, in exchange for giving Meredith ] to acquire any broadcast or digital properties that may be divested (a clause that Meredith did not exercise).<ref name=tvnc-mgnexstar>{{cite web|title=Nexstar-Media General: It's A Done Deal|url=http://www.tvnewscheck.com/article/91865/nexstarmedia-general-its-a-done-deal|website=TVNewsCheck|publisher=NewsCheck Media|date=January 27, 2016|access-date=March 4, 2016}}</ref><ref name=nyt-mgnex>{{cite news|title=Nexstar Clinches Deal to Acquire Media General|url=https://www.nytimes.com/2016/01/28/business/dealbook/nexstar-clinches-deal-to-acquire-media-general.html?_r=0|author=Leslie Picker|newspaper=The New York Times|date=January 27, 2016|access-date=January 27, 2016}}</ref><ref>{{cite press release|title=NEXSTAR BROADCASTING GROUP ENTERS INTO DEFINITIVE AGREEMENT TO ACQUIRE MEDIA GENERAL FOR $4.6 BILLION IN ACCRETIVE CASH AND STOCK TRANSACTION|url=http://www.mediageneral.com/press/2016/jan27_2016nexs.html|website=]|date=January 27, 2016|url-status=dead|archive-url=https://web.archive.org/web/20160130083411/http://www.mediageneral.com/press/2016/jan27_2016nexs.html|archive-date=January 30, 2016}}</ref><ref>{{cite web|title=Prather Buys 5 TVs From Nexstar-Media Gen.|url=http://www.tvnewscheck.com/article/95456/prather-buys-5-tvs-from-nexstarmedia-gen|website=TVNewsCheck|publisher=NewsCheck Media|date=June 13, 2016|access-date=March 14, 2017}}</ref> The transaction was approved by the FCC on January 11, 2017; the sale was completed on January 17, at which point the existing Nexstar stations and the former Media General outlets that neither group had to sell in order to rectify ownership conflicts in certain markets became part of the renamed Nexstar Media Group; this brought WRIC as well as NBC affiliate ] and Fox affiliate ] in ] (which became sister properties to WRIC through Media General's 2015 acquisition of ]) under common ownership with the Roanoke duopoly of Fox affiliate ] and CW affiliate ] (which necessitated Media General to sell WSLS-TV to ] in order to alleviate said ownership conflict with the two existing Nexstar-owned stations).<ref>{{cite press release|title=Nexstar Broadcasting Group Completes Acquisition of Media General Creating Nexstar Media Group, The Nation's Second Largest Television Broadcaster|url=http://www.nexstar.tv/nexstar-broadcasting-group-completes-acquisition-of-media-general-creating-nexstar-media-group-the-nations-second-largest-television-broadcaster/|website=]|date=January 17, 2017|access-date=March 14, 2017}}</ref><ref>{{cite web|title=FCC OKs $4.6B Nexstar-Media General Merger|url=http://www.tvnewscheck.com/article/100621/fcc-oks-46b-nexstarmedia-general-merger|author=Harry A. Jessell|website=TVNewsCheck|publisher=NewsCheck Media|date=January 11, 2017|access-date=March 14, 2017}}</ref><ref>{{cite web|title=Nexstar Closes On Media General Purchase|url=http://www.tvnewscheck.com/article/100762/nexstar-closes-on-media-general-purchase|author=Harry A. Jessell|website=TVNewsCheck|publisher=NewsCheck Media|date=January 17, 2017|access-date=March 14, 2017}}</ref> On September 20, 2017, the station dropped its longtime brand of WRIC-TV 8 and is now branded on-air as "ABC 8". | ||
On December 3, 2018, Nexstar announced it would acquire the assets of ]-based ]—which has owned ] affiliate WTVR since 2009—for $6.4 billion in cash and debt. Nexstar was precluded from acquiring WTVR directly or indirectly, as FCC regulations prohibit common ownership of two or more of the four highest-rated stations in the same media market. (Furthermore, any attempt by Nexstar to assume the operations of WTVR through ] or ] agreements would have been subject to regulatory hurdles that could have delayed completion of the FCC and ]'s review and approval process for the acquisition.) As such, Nexstar was required to sell either WTVR or WRIC to a separate, unrelated company to address the ownership conflict.<ref>{{cite web|title=Acquisition of Tribune Media Company|url=https://www.nexstar.tv/wp-content/uploads/2018/12/Nexstar-Tribune-Investor-Presentation-FINAL-12-3-18.pdf|website=]|date=December 3, 2018}}</ref><ref>{{cite web|title=Nexstar Buying Tribune Media For $6.4 Billion|url=https://tvnewscheck.com/article/top-news/226264/nexstar-buying-tribune-media-6-4-billion/|author=Mark K. Miller|website=TVNewsCheck|publisher=NewsCheck Media|date=December 3, 2018}}</ref><ref>{{cite web|title=Nexstar Confirms $4.1B Tribune Media Acquisition To Become Leading Local TV Station Owner|url=https://deadline.com/2018/12/nexstar-tribune-media-acquisition-1202512653/|author=Peter White|author2=Dade Hayes|website=Deadline Hollywood|publisher=Penske Media Corporation|date=December 3, 2018}}</ref><ref>{{cite web|title=Nexstar to buy WGN owner Tribune Media for $4.1 billion|url=https://www.chicagotribune.com/business/ct-nexstar-tribune-media-20181202-story.html|author=Gerry Smith|author2=Nabila Ahmed|author3=Eric Newcomer|agency=]|newspaper=]|publisher=]|date=December 3, 2018}}</ref><ref>{{cite web|title=Nexstar to buy Tribune Media for $4.1 billion|url=https://www.reuters.com/article/us-tribune-media-m-a-nexstar-media/nexstar-to-buy-tribune-media-for-4-1-billion-idUSKBN1O217Z|author=Arjun Panchadar|author2=Sonam Rai|work=]|date=December 3, 2018}}</ref><ref>{{cite web|title=Nexstar Announces Deal to Buy Tribune for $6.4B|url=https://www.broadcastingcable.com/news/nexstar-announces-deal-to-buy-tribune-for-6-4b|author=Jon Lafayette|periodical=Broadcasting & Cable|publisher=NewBay Media|date=December 3, 2018}}</ref><ref>{{cite web|title=It's Official: Nexstar Takes Tribune In Billion-Dollar Stock Deal|url=https://www.rbr.com/reuters-nexstar-gets-tribune-in-4-1b-deal/|author=Adam Jacobson|website=Radio-Television Business Report|publisher=Streamline-RBR, Inc.|date=December 3, 2018}}</ref><ref>{{cite web|title=Nexstar To Spin Off $1B In Stations|url=https://tvnewscheck.com/article/top-news/226264/nexstar-buying-tribune-media-6-4-billion/|author=Harry A. Jessell|author2=Mark K. Miller|website=TVNewsCheck|publisher=NewsCheck Media|date=December 3, 2018}}</ref><ref name="nxsttrco1">{{cite web|url=https://www.nexstar.tv/nexstar_agrees_to_acquire_tribune/|title=Nexstar Media Group Enters into Definitive Agreement to Acquire Tribune Media Company for $6.4 Billion in Accretive Transaction Creating the Nation's Largest Local Television Broadcaster and Local Media Company|publisher=]|date=December 3, 2018|access-date=December 3, 2018}}</ref><ref name="nxsttrco2">{{cite web|url=http://www.tribunemedia.com/nexstar-media-group-enters-into-definitive-agreement-to-acquire-tribune-media-company/|title=Nexstar Media Group Enters Into Definitive Agreement To Acquire Tribune Media Company|publisher=]|date=December 3, 2018|access-date=December 3, 2018}}</ref> On March 20, 2019, it was announced that Nexstar would keep WRIC-TV and sell WTVR to ]-based ], as part of the company's sale of nineteen Nexstar- and Tribune-operated stations to Scripps and ] in separate deals worth $1.32 billion; the transaction marked Scripps' entry into Virginia.<ref name="tvnc-nexstarspinoffs">{{cite web|title=Nexstar Selling 19 TVs In 15 Markets For $1.32B|url=https://tvnewscheck.com/article/top-news/232391/nexstar-selling-19-tvs-in-15-markets-for-1-32b/|website=TVNewsCheck|publisher=NewsCheckMedia|date=March 20, 2019|access-date=March 20, 2019}}</ref><ref>{{cite news|title=Nexstar to Sell Stations to Tegna, Scripps for $1.32 Billion|url=https://www.bloomberg.com/news/articles/2019-03-20/nexstar-to-sell-19-stations-to-tegna-scripps-for-1-32-billion|author=Nabila Ahmed|author2=Anousha Sakoui|website=Bloomberg News|publisher=]|date=March 20, 2019}}</ref> | On December 3, 2018, Nexstar announced it would acquire the assets of ]-based ]—which has owned ] affiliate WTVR since 2009—for $6.4 billion in cash and debt. Nexstar was precluded from acquiring WTVR directly or indirectly, as FCC regulations prohibit common ownership of two or more of the four highest-rated stations in the same media market. (Furthermore, any attempt by Nexstar to assume the operations of WTVR through ] or ] agreements would have been subject to regulatory hurdles that could have delayed completion of the FCC and ]'s review and approval process for the acquisition.) As such, Nexstar was required to sell either WTVR or WRIC to a separate, unrelated company to address the ownership conflict.<ref>{{cite web|title=Acquisition of Tribune Media Company|url=https://www.nexstar.tv/wp-content/uploads/2018/12/Nexstar-Tribune-Investor-Presentation-FINAL-12-3-18.pdf|website=]|date=December 3, 2018}}</ref><ref>{{cite web|title=Nexstar Buying Tribune Media For $6.4 Billion|url=https://tvnewscheck.com/article/top-news/226264/nexstar-buying-tribune-media-6-4-billion/|author=Mark K. Miller|website=TVNewsCheck|publisher=NewsCheck Media|date=December 3, 2018}}</ref><ref>{{cite web|title=Nexstar Confirms $4.1B Tribune Media Acquisition To Become Leading Local TV Station Owner|url=https://deadline.com/2018/12/nexstar-tribune-media-acquisition-1202512653/|author=Peter White|author2=Dade Hayes|website=Deadline Hollywood|publisher=Penske Media Corporation|date=December 3, 2018}}</ref><ref>{{cite web|title=Nexstar to buy WGN owner Tribune Media for $4.1 billion|url=https://www.chicagotribune.com/business/ct-nexstar-tribune-media-20181202-story.html|author=Gerry Smith|author2=Nabila Ahmed|author3=Eric Newcomer|agency=]|newspaper=]|publisher=]|date=December 3, 2018}}</ref><ref>{{cite web|title=Nexstar to buy Tribune Media for $4.1 billion|url=https://www.reuters.com/article/us-tribune-media-m-a-nexstar-media/nexstar-to-buy-tribune-media-for-4-1-billion-idUSKBN1O217Z|author=Arjun Panchadar|author2=Sonam Rai|work=]|date=December 3, 2018}}</ref><ref>{{cite web|title=Nexstar Announces Deal to Buy Tribune for $6.4B|url=https://www.broadcastingcable.com/news/nexstar-announces-deal-to-buy-tribune-for-6-4b|author=Jon Lafayette|periodical=Broadcasting & Cable|publisher=NewBay Media|date=December 3, 2018}}</ref><ref>{{cite web|title=It's Official: Nexstar Takes Tribune In Billion-Dollar Stock Deal|url=https://www.rbr.com/reuters-nexstar-gets-tribune-in-4-1b-deal/|author=Adam Jacobson|website=Radio-Television Business Report|publisher=Streamline-RBR, Inc.|date=December 3, 2018}}</ref><ref>{{cite web|title=Nexstar To Spin Off $1B In Stations|url=https://tvnewscheck.com/article/top-news/226264/nexstar-buying-tribune-media-6-4-billion/|author=Harry A. Jessell|author2=Mark K. Miller|website=TVNewsCheck|publisher=NewsCheck Media|date=December 3, 2018}}</ref><ref name="nxsttrco1">{{cite web|url=https://www.nexstar.tv/nexstar_agrees_to_acquire_tribune/|title=Nexstar Media Group Enters into Definitive Agreement to Acquire Tribune Media Company for $6.4 Billion in Accretive Transaction Creating the Nation's Largest Local Television Broadcaster and Local Media Company|publisher=]|date=December 3, 2018|access-date=December 3, 2018}}</ref><ref name="nxsttrco2">{{cite web|url=http://www.tribunemedia.com/nexstar-media-group-enters-into-definitive-agreement-to-acquire-tribune-media-company/|title=Nexstar Media Group Enters Into Definitive Agreement To Acquire Tribune Media Company|publisher=]|date=December 3, 2018|access-date=December 3, 2018}}</ref> On March 20, 2019, it was announced that Nexstar would keep WRIC-TV and sell WTVR to ]-based ], as part of the company's sale of nineteen Nexstar- and Tribune-operated stations to Scripps and ] in separate deals worth $1.32 billion; the transaction marked Scripps' entry into Virginia.<ref name="tvnc-nexstarspinoffs">{{cite web|title=Nexstar Selling 19 TVs In 15 Markets For $1.32B|url=https://tvnewscheck.com/article/top-news/232391/nexstar-selling-19-tvs-in-15-markets-for-1-32b/|website=TVNewsCheck|publisher=NewsCheckMedia|date=March 20, 2019|access-date=March 20, 2019}}</ref><ref>{{cite news|title=Nexstar to Sell Stations to Tegna, Scripps for $1.32 Billion|url=https://www.bloomberg.com/news/articles/2019-03-20/nexstar-to-sell-19-stations-to-tegna-scripps-for-1-32-billion|author=Nabila Ahmed|author2=Anousha Sakoui|website=Bloomberg News|publisher=]|date=March 20, 2019}}</ref> | ||
Line 87: | Line 87: | ||
|} | |} | ||
On November 1, 2011, WRIC-TV ceased to carry ] on the station's 8.2 sub-channel after Young terminated their deal with TCN and dropped the channel on all of its stations that carried it. After Young made a deal to carry ABC's ], it launched on June 1, 2012 on WRIC's 8.2 virtual sub-channel. On May 30, 2015 at 4:00 a.m., WRIC-TV (along with all other former-Young Broadcasting stations who were carrying it) ceased to carry |
On November 1, 2011, WRIC-TV ceased to carry ] on the station's 8.2 sub-channel after Young terminated their deal with TCN and dropped the channel on all of its stations that carried it. After Young made a deal to carry ABC's ], it launched on June 1, 2012 on WRIC's 8.2 virtual sub-channel. On May 30, 2015 at 4:00 a.m., WRIC-TV (along with all other former-Young Broadcasting stations who were carrying it) ceased to carry Live Well Network on the station's 8.2 sub-channel. On November 1, 2015, WRIC-TV began carrying ] on its 8.2 sub-channel. On February 3, 2016, WRIC-TV began carrying ] on its 8.3 sub-channel (now seen on ]'s 30.3 sub-channel as of February 7, 2021). On October 25, 2017, WRIC-TV began carrying ] on its 8.4 sub-channel. | ||
===Analog-to-digital conversion=== | ===Analog-to-digital conversion=== | ||
WRIC-TV shut down its analog signal, over ] channel 8, on June 12, 2009, the official date in which full-power television stations in the United States ] under federal mandate. The station's digital signal remained on its pre-transition ] channel 22.<ref>{{cite web |url=http://hraunfoss.fcc.gov/edocs_public/attachmatch/DA-06-1082A2.pdf |title=DTV Tentative Channel Designations for the First and the Second Rounds |access-date=2012-03-24 |url-status=dead |archive-url=https://web.archive.org/web/20130829004251/http://hraunfoss.fcc.gov/edocs_public/attachmatch/DA-06-1082A2.pdf |archive-date=2013-08-29 }}</ref> Through the use of ], digital television receivers continue to display the station's ] as its former VHF analog channel 8.1. | WRIC-TV shut down its analog signal, over ] channel 8, on June 12, 2009, the official date in which full-power television stations in the United States ] under federal mandate. The station's digital signal remained on its pre-transition ] channel 22.<ref>{{cite web |url=http://hraunfoss.fcc.gov/edocs_public/attachmatch/DA-06-1082A2.pdf |title=DTV Tentative Channel Designations for the First and the Second Rounds |access-date=2012-03-24 |url-status=dead |archive-url=https://web.archive.org/web/20130829004251/http://hraunfoss.fcc.gov/edocs_public/attachmatch/DA-06-1082A2.pdf |archive-date=2013-08-29 }}</ref> Through the use of ], digital television receivers continue to display the station's ] as its former VHF analog channel 8.1. | ||
As part of the ],<ref name="FCC Nightlight">{{cite web|url=http://fjallfoss.fcc.gov/edocs_public/attachmatch/DOC-291375A1.pdf|title=UPDATED List of Participants in the Analog Nightlight Program|publisher=Federal Communications Commission|date=June 12, 2009|access-date=June 4, 2012}}</ref> WRIC-TV kept its analog signal on the air until June 26 to inform viewers of the |
As part of the ],<ref name="FCC Nightlight">{{cite web|url=http://fjallfoss.fcc.gov/edocs_public/attachmatch/DOC-291375A1.pdf|title=UPDATED List of Participants in the Analog Nightlight Program|publisher=Federal Communications Commission|date=June 12, 2009|access-date=June 4, 2012}}</ref> WRIC-TV kept its analog signal on the air until June 26 to inform viewers of the digital television transition through a loop of ]s from the ]. | ||
==References== | ==References== | ||
Line 108: | Line 108: | ||
] | ] | ||
] | ] | ||
] | ] | ||
] | ] | ||
] | ] |
Revision as of 04:31, 1 November 2021
ABC affiliate in Petersburg, VirginiaThis article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. Find sources: "WRIC-TV" – news · newspapers · books · scholar · JSTOR (June 2013) (Learn how and when to remove this message) |
| |
---|---|
City | Petersburg, Virginia |
Channels | |
Branding | ABC 8 8 News (newscasts) StormTracker 8 Weather |
Programming | |
Affiliations | |
Ownership | |
Owner |
|
History | |
First air date | August 15, 1955 (69 years ago) (1955-08-15) |
Former call signs | WXEX-TV (1955–1990) |
Former channel number(s) |
|
Former affiliations | |
Call sign meaning | Richmond also the airport code |
Technical information | |
Licensing authority | FCC |
Facility ID | 74416 |
ERP | 1,000 kW |
HAAT | 345.7 m (1,134 ft) |
Transmitter coordinates | 37°30′45.6″N 77°36′4.8″W / 37.512667°N 77.601333°W / 37.512667; -77.601333 |
Links | |
Public license information | |
Website | www |
WRIC-TV, virtual channel 8 (UHF digital channel 28), is an ABC-affiliated television station serving Richmond, Virginia, United States that is licensed to nearby Petersburg. The station is owned by Irving, Texas-based Nexstar Media Group. WRIC-TV's studios are located in unincorporated Chesterfield County (with a Richmond mailing address), overlooking Powhite Parkway just south of the Midlothian Turnpike interchange. Its transmitter is located in Bon Air, on a tower shared with local PBS member stations WCVE (channel 23) and WCVW (channel 57). WRIC-TV is not related to WRIC-FM in Richlands.
History
The station began operation in 1955 as WXEX-TV, an NBC affiliate. It was owned by Thomas Tinsley, along with WLEE radio, via the Petersburg Television Corporation. Channel 8's transmitter was located in the Bermuda Hundred area of eastern Chesterfield County, while the main studios were in Petersburg. Originally, it didn't cover Richmond nearly as well as did WTVR-TV (channel 6) and WRVA-TV (channel 12, now WWBT). At first, a Richmond sales office was located at WLEE's studios on West Broad Street in Richmond; later, satellite studios were established just off Midlothian Turnpike in Bon Air.
The station swapped affiliations with channel 12 in 1965 and became an ABC affiliate. It has been with that network ever since. In 1968, Tinsley sold WXEX-TV and WLEE to the Nationwide Communications subsidiary of Nationwide Mutual Insurance Company. In 1969, a fire destroyed its original Petersburg studios. For a few weeks, the station had to broadcast from its transmitter, then set up temporary offices and studios in a vacated store in Petersburg. The station later moved to a brand new facility on Crater Road that it named Blandford Manor. In 1981, Nationwide sold off sister station WLEE.
On April 23, 1990, the station moved its studios to the current location on Arboretum Place in Chesterfield County. With the new studios came new call letters, WRIC-TV. However, it is still licensed to Petersburg; unlike the other stations in the market, it identifies as "Petersburg/Richmond." Nationwide sold all three of its ABC-affiliated television stations, including WRIC, to Young Broadcasting in 1993.
The station's owner, Young Broadcasting, went into Chapter 11 bankruptcy in 2009. The station was part of a bankruptcy auction scheduled for July 14, 2009 but cancelled at the last minute. On July 22, a bankruptcy judge approved a plan in which Young's secured lenders would take over the company.
On June 6, 2013, Young Broadcasting announced that it would merge with Richmond-based Media General. Upon consummation, the merger made WRIC-TV one of two flagships of Media General (WFLA-TV in Tampa serves as the home base of Media General's broadcast division). It was the first legal opportunity for Media General in years to own a station in its hometown. Its predecessor, Richmond Newspapers, lost out in the bidding for WWBT's forerunner, WRVA-TV, in 1956 due to the FCC's preference for a non-newspaper owner. Media General merged with WTVR's then-parent company, Park Communications, but had to immediately put WTVR on the market due to cross-ownership restrictions involving the flagship Richmond Times-Dispatch, which was sold with Media General's newspaper business in 2012 to BH Media. The merger also made WRIC a sister station to Roanoke's NBC affiliate, WSLS-TV. The merger was approved by the FCC on November 8, after Media General shareholders approved the merger a day earlier; it was completed on November 12.
On September 8, 2015, Media General announced that it would acquire the Des Moines, Iowa-based Meredith Corporation for $2.4 billion with the intention to name the combined group Meredith Media General if the sale were finalized. However, on September 28, Irving, Texas-based Nexstar Broadcasting Group made an unsolicited cash-and-stock merger offer for Media General, originally valued at $14.50 per share. On November 16, following opposition to the merger with Meredith by minority shareholders Oppenheimer Holdings and Starboard Capital (primarily because Meredith's magazine properties were included in the deal, which would have re-entered Media General into publishing after it sold its newspapers to BH Media in 2012 to reduce debt) and the rejection of Nexstar's initial offer by company management, Media General agreed to enter into negotiations with Nexstar on a suitable counter deal, while the Meredith merger proposal remained active; the two eventually concluded negotiations on January 6, 2016, reaching a merger agreement for valued at $17.14 per share (an evaluation of $4.6 billion, plus the assumption of $2.3 billion debt).
On January 27, Meredith formally broke off the proposed merger with Media General and accepted the termination fee of $60 million previously negotiated under the original merger proposal; Media General subsequently signed an agreement to be acquired by Nexstar, in exchange for giving Meredith right of first refusal to acquire any broadcast or digital properties that may be divested (a clause that Meredith did not exercise). The transaction was approved by the FCC on January 11, 2017; the sale was completed on January 17, at which point the existing Nexstar stations and the former Media General outlets that neither group had to sell in order to rectify ownership conflicts in certain markets became part of the renamed Nexstar Media Group; this brought WRIC as well as NBC affiliate WAVY-TV and Fox affiliate WVBT in Norfolk (which became sister properties to WRIC through Media General's 2015 acquisition of LIN Media) under common ownership with the Roanoke duopoly of Fox affiliate WFXR and CW affiliate WWCW (which necessitated Media General to sell WSLS-TV to Graham Media Group in order to alleviate said ownership conflict with the two existing Nexstar-owned stations). On September 20, 2017, the station dropped its longtime brand of WRIC-TV 8 and is now branded on-air as "ABC 8".
On December 3, 2018, Nexstar announced it would acquire the assets of Chicago-based Tribune Media—which has owned CBS affiliate WTVR since 2009—for $6.4 billion in cash and debt. Nexstar was precluded from acquiring WTVR directly or indirectly, as FCC regulations prohibit common ownership of two or more of the four highest-rated stations in the same media market. (Furthermore, any attempt by Nexstar to assume the operations of WTVR through local marketing or shared services agreements would have been subject to regulatory hurdles that could have delayed completion of the FCC and Justice Department's review and approval process for the acquisition.) As such, Nexstar was required to sell either WTVR or WRIC to a separate, unrelated company to address the ownership conflict. On March 20, 2019, it was announced that Nexstar would keep WRIC-TV and sell WTVR to Cincinnati-based E. W. Scripps Company, as part of the company's sale of nineteen Nexstar- and Tribune-operated stations to Scripps and Tegna Inc. in separate deals worth $1.32 billion; the transaction marked Scripps' entry into Virginia.
Programming
Syndicated programming on WRIC includes Wheel of Fortune, Jeopardy!, The Drew Barrymore Show, and Dr. Phil among others.
News operation
On September 28, 2011, WRIC-TV became the third commercial station (behind WWBT and WTVR) in Richmond to broadcast local news in high definition.
Notable former on-air staff
- Gretchen Carlson – began her career as a political reporter with WRIC, former Fox News Channel anchor
- Ed Hughes – anchor and news director during the mid-1960s; later anchor at WTKR in Norfolk from 1967 until his death in 2004
- Matt Lauer – host of PM Magazine (1980s; formerly of NBC News and former co-host of Today; was fired in November 2017 due to sexual misconduct allegations against him)
- Wilma Smith – 6 p.m. newscaster and Wilma Smith Show host (1970s; later at WEWS-TV, then at WJW in Cleveland; retired from broadcasting in March 2013)
Technical information
Subchannels
The station's digital signal is multiplexed:
Channel | Video | Aspect | PSIP Short Name | Programming |
---|---|---|---|---|
8.1 | 720p | 16:9 | WRIC-TV | Main WRIC-TV programming / ABC |
8.2 | 480i | 4:3 | RewindTV | Rewind TV |
8.3 | Cozi | Cozi TV | ||
8.4 | 16:9 | Laff | Laff |
On November 1, 2011, WRIC-TV ceased to carry The Country Network on the station's 8.2 sub-channel after Young terminated their deal with TCN and dropped the channel on all of its stations that carried it. After Young made a deal to carry ABC's Live Well Network, it launched on June 1, 2012 on WRIC's 8.2 virtual sub-channel. On May 30, 2015 at 4:00 a.m., WRIC-TV (along with all other former-Young Broadcasting stations who were carrying it) ceased to carry Live Well Network on the station's 8.2 sub-channel. On November 1, 2015, WRIC-TV began carrying Ion Television on its 8.2 sub-channel. On February 3, 2016, WRIC-TV began carrying GetTV on its 8.3 sub-channel (now seen on WFWG-LD's 30.3 sub-channel as of February 7, 2021). On October 25, 2017, WRIC-TV began carrying Laff on its 8.4 sub-channel.
Analog-to-digital conversion
WRIC-TV shut down its analog signal, over VHF channel 8, on June 12, 2009, the official date in which full-power television stations in the United States transitioned from analog to digital broadcasts under federal mandate. The station's digital signal remained on its pre-transition UHF channel 22. Through the use of PSIP, digital television receivers continue to display the station's virtual channel as its former VHF analog channel 8.1.
As part of the SAFER Act, WRIC-TV kept its analog signal on the air until June 26 to inform viewers of the digital television transition through a loop of public service announcements from the National Association of Broadcasters.
References
- "Facility Technical Data for WRIC-TV". Licensing and Management System. Federal Communications Commission.
- https://www.americanradiohistory.com/Archive-BC-YB/1955-1956%20TV/NE-Ter-Telecasting%20YB%2055-56.pdf
- A vulture's eye view of Young
- Media General, Young Broadcasting To Merge, TVNewsCheck, June 6, 2013.
- FCC Approves Media General-Young Merger Broadcasting & Cable, Retrieved 8 November 2013
- "Media General, Young Now Officially One". TVNewsCheck. November 12, 2013. Retrieved November 12, 2013.
- "Media General Acquiring Meredith For 2.4 Billion". TVNewsCheck. NewsCheck Media. September 8, 2015.
- Cynthia Littleton (September 8, 2015). "TV Station Mega Merger: Media General Sets $2.4 Billion Acquisition of Meredith Corp". Variety. Penske Media Corporation. Retrieved September 9, 2015.
- "Media General, Meredith To Combine To Create Meredith Media General: A New Powerful Multiplatform And Diversified Media Company" (Press release). Meredith Corporation. PR Newswire. September 8, 2015.
- "Meredith will be acquired by Media General in a television merger". Kansas City Star. The McClatchy Company. September 8, 2015. Retrieved September 9, 2015.
- "KCTV, KSMO will get new owner". Kansas City Business Journal. American City Business Journals. September 9, 2015.
- "Meredith, Media General stand by deal despite report". The Des Moines Register. Gannett Company. October 8, 2015. Retrieved October 8, 2015.
- "Media General Rejects Nexstar's $1.9B Offer, But Agrees To Talk". Deadline Hollywood. Penske Media Corporation. November 16, 2015.
- "Nexstar-Media General: It's A Done Deal". TVNewsCheck. NewsCheck Media. January 27, 2016. Retrieved March 4, 2016.
- Leslie Picker (January 27, 2016). "Nexstar Clinches Deal to Acquire Media General". The New York Times. Retrieved January 27, 2016.
- "NEXSTAR BROADCASTING GROUP ENTERS INTO DEFINITIVE AGREEMENT TO ACQUIRE MEDIA GENERAL FOR $4.6 BILLION IN ACCRETIVE CASH AND STOCK TRANSACTION". Media General (Press release). January 27, 2016. Archived from the original on January 30, 2016.
- "Prather Buys 5 TVs From Nexstar-Media Gen". TVNewsCheck. NewsCheck Media. June 13, 2016. Retrieved March 14, 2017.
- "Nexstar Broadcasting Group Completes Acquisition of Media General Creating Nexstar Media Group, The Nation's Second Largest Television Broadcaster". Nexstar Media Group (Press release). January 17, 2017. Retrieved March 14, 2017.
- Harry A. Jessell (January 11, 2017). "FCC OKs $4.6B Nexstar-Media General Merger". TVNewsCheck. NewsCheck Media. Retrieved March 14, 2017.
- Harry A. Jessell (January 17, 2017). "Nexstar Closes On Media General Purchase". TVNewsCheck. NewsCheck Media. Retrieved March 14, 2017.
- "Acquisition of Tribune Media Company" (PDF). Nexstar Media Group. December 3, 2018.
- Mark K. Miller (December 3, 2018). "Nexstar Buying Tribune Media For $6.4 Billion". TVNewsCheck. NewsCheck Media.
- Peter White; Dade Hayes (December 3, 2018). "Nexstar Confirms $4.1B Tribune Media Acquisition To Become Leading Local TV Station Owner". Deadline Hollywood. Penske Media Corporation.
- Gerry Smith; Nabila Ahmed; Eric Newcomer (December 3, 2018). "Nexstar to buy WGN owner Tribune Media for $4.1 billion". Chicago Tribune. Tribune Publishing. Bloomberg News.
- Arjun Panchadar; Sonam Rai (December 3, 2018). "Nexstar to buy Tribune Media for $4.1 billion". Reuters.
- Jon Lafayette (December 3, 2018). "Nexstar Announces Deal to Buy Tribune for $6.4B". Broadcasting & Cable. NewBay Media.
- Adam Jacobson (December 3, 2018). "It's Official: Nexstar Takes Tribune In Billion-Dollar Stock Deal". Radio-Television Business Report. Streamline-RBR, Inc.
- Harry A. Jessell; Mark K. Miller (December 3, 2018). "Nexstar To Spin Off $1B In Stations". TVNewsCheck. NewsCheck Media.
- "Nexstar Media Group Enters into Definitive Agreement to Acquire Tribune Media Company for $6.4 Billion in Accretive Transaction Creating the Nation's Largest Local Television Broadcaster and Local Media Company". Nexstar Media Group. December 3, 2018. Retrieved December 3, 2018.
- "Nexstar Media Group Enters Into Definitive Agreement To Acquire Tribune Media Company". Tribune Media. December 3, 2018. Retrieved December 3, 2018.
- "Nexstar Selling 19 TVs In 15 Markets For $1.32B". TVNewsCheck. NewsCheckMedia. March 20, 2019. Retrieved March 20, 2019.
- Nabila Ahmed; Anousha Sakoui (March 20, 2019). "Nexstar to Sell Stations to Tegna, Scripps for $1.32 Billion". Bloomberg News. Bloomberg, L.P.
- http://www.americanradiohistory.com/Archive-BC/BC-1966/1966-12-26-BC.pdf
- http://www.cleveland.com/tv-blog/index.ssf/2013/03/wilma_smith_announces_she_is_retiring_ending_her_35-year_cleveland_broadcast_career.html
- RabbitEars TV Query for WRIC
- "DTV Tentative Channel Designations for the First and the Second Rounds" (PDF). Archived from the original (PDF) on 2013-08-29. Retrieved 2012-03-24.
- "UPDATED List of Participants in the Analog Nightlight Program" (PDF). Federal Communications Commission. June 12, 2009. Retrieved June 4, 2012.
External links
Broadcast television in Central Virginia | |
---|---|
| |
Full-power |
|
Low-power |
|
ATSC 3.0 | |
Defunct |
|
ABC network affiliates licensed to and serving the Commonwealth of Virginia | |
---|---|
Primary* | |
Secondary** | |
(*) – indicates station is in one of Virginia's primary TV markets (**) – indicates station is in an out-of-state TV market, but reaches a small portion of Virginia
|