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Showing posts with label NewsChannel 5. Show all posts
Showing posts with label NewsChannel 5. Show all posts

NASHVILLE BRIEF: Journal purchase of NewsChannel 5 gets FCC approval

$215m sale of CBS affiliate was announced in early Sept.

Journal Broadcast Group has received the all-clear from the FCC to go ahead with its purchase of Nashville CBS affiliate WTVF (NewsChannel 5) from Landmark Media Enterprises.

The deal, which is worth a whopping $215 million in cash, was announced Sept. 4.

It's not yet known if Journal plans to make any significant changes at the station, which has been owned by Landmark since 1994.

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NASHVILLE: NewsChannel 5 to complete signal upgrade overnight

Final work will take place while most are asleep tonight

Nashville CBS affiliate WTVF-NewsChannel 5 will complete the process of upgrading its over-the-air broadcast signal with a brief outage overnight tonight.

The final connections will be made and everything will be turned back on early Saturday morning.

If you've not yet rescanned your TV or converter box, you should do so.  Viewers who need assistance in rescanning their equipment are invited to call NewsChannel 5 at (615) 248-5200.

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NASHVILLE: Get ready to rescan - NewsChannel 5 signal upgrade nearly complete

Million-dollar process to improve WTVF's signal began in July

It's been a long and expensive process, but Nashville-market TV viewers will finally see the full fruits of NewsChannel 5's million-dollar signal upgrade by week's end.

The station will interrupt one of its two broadcast signals on Thursday morning to make the final connections.  Once those connections are made, viewers will need to rescan their TV sets and/or converter boxes to pick up the station.

Then, on Friday, NewsChannel 5's low-power translator will undergo a similar procedure.

Viewers can go to the station's website for the latest updates and to sign up for an email alert advising them when the changes are complete.

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NASHVILLE: Milwaukee-based Journal buying NewsChannel 5 for $215 million

Station has been owned by Landmark Media since 1994

Milwaukee, Wis.-based Journal Communications, Inc. announced Tuesday morning that its Journal Broadcast Group subsidiary has entered into a definitive agreement to purchase WTVF NewsChannel 5 Network, a CBS-affiliated station with a secondary news and digital channel as well as a market leading internet property, owned by Landmark Media Enterprises, LLC ("Landmark") for $215 million in cash plus a working capital adjustment at closing. Closing is subject to FCC approval. 

“We are especially pleased to reach an agreement to purchase NewsChannel 5 in Nashville,” said Steven J. Smith, chairman and CEO of Journal Communications. “This station will be a cornerstone asset within Journal Communications. WTVF TV is an exceptional local news station with an extraordinary staff that demonstrates its commitment to Nashville every single day. We are delighted to welcome NewsChannel 5's outstanding team to Journal.” 

Frank Batten, Jr., chairman and CEO of Landmark, said, “We are extremely proud of what our News Channel 5 team has achieved. We are pleased that, in Journal, we have a buyer with a great culture and excellent opportunities for our employees to grow.” 

NewsChannel 5 Network consists of NewsChannel 5 (WTVF), NewsChannel 5+, a This TV affiliate (channel 5.3) and NewsChannel5.com, a market-leading local digital news site. NewsChannel 5+ broadcasts on channel 5.2, offering the only original, local content produced exclusively for the digital channel. WTVF is the ratings and revenue market share leader in the Nashville market, as well as one of the top three CBS affiliates in the nation based on CBS ratings in metered markets. 

WTVF provides the Nashville market with award winning news programming, top-rated local content and leading weather reporting. The station has been recognized nationally on numerous occasions including: a 2012 DuPont, 2011 National Headliner, 2012 winner of 10 regional Emmy awards, 2011 NPPA National Photographer of the year, and 2011 winner of five AP Awards including Best Investigation. 


“We are excited to add a top television station with a high performing team in one of the best markets in America to Journal’s TV and radio portfolio," said Andre Fernandez, Journal's President and CFO. "This acquisition also allows us to broaden our TV base with a high quality television asset, and is consistent with our strategy of increasing Broadcast’s overall contribution to Journal’s earnings and cash flow."


Landmark has a presence in the Tri-State through its Landmark Community Newspapers LLC division, which owns three community newspapers in Southwestern Indiana - The Mt. Vernon Democrat, The Perry County News and The Spencer County Journal-Democrat.  (Full disclosure:  This reporter is a former employee of the Journal-Democrat.)

Information for this story was provided by Journal Communications.

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