By Adam Jacobson via RBR + TVBR INFOCUS
Sinclair Broadcast Group’s Talented Mr. Ripley — President/CEO Chris Ripley, that is — hosted an 11am conference call with financial analysts on Wall Street just two hours after an announcement confirming that the Baltimore-based media company had agreed to a merger with Tribune Media Co. valued at a whopping $6.6 billion, including the assumption of approximately $2.7 billion in net debt.
Simply stated, Ripley will be overseeing — by far — the largest broadcast TV company in the U.S., with combined revenue of $4.3 billion.
What’s perhaps the biggest takeaway of the Sinclair-Tribune Media deal is all about reach: The new Sinclair, after the deal’s expected close in Q4, will have coverage of 72% of the U.S. Click here for more.
Showing posts with label Tribune. Show all posts
Showing posts with label Tribune. Show all posts
Wednesday, May 10, 2017
Friday, December 18, 2009
Congratulations to Tribune and Randy Michaels
As most of the broadcasting industry knows, Randy Michaels was named chief executive at Tribune a couple of weeks ago, succeeding Sam Zell who stays on as chairman. Randy also got a seat on the Board. He has been with the company since it went private in 2007, and COO since May, 2008.
If anyone can steer Tribune out of chapter 11 and back into prosperity, Randy can. He has a platform which includes WGN radio, 23 TV stations, and more than 50 web sites. I hope that the Board and the banks turn him loose to do his thing. If so, don't bet against him.
George
Media Services Group
Subscribe to:
Posts (Atom)