Watch It Now – No Antenna Required, Madison Native Brings His Locast TV Platform To His Hometown
A small native enterprise may purchase a number of of the stations, mentioned Orton, who researches telecommunications coverage, however a nationwide conglomerate is extra doubtless to purchase the stations.
In line with a Stanford College examine, some conglomerates could shift information protection to extra right-wing political opinions and lower native information in favor of protection of nationwide politics.
Wells Fargo Securities started advertising the stations, together with WKOW, to 3rd events on Monday morning.
Upon closing the acquisition, Grey could have stations in 102 tv markets that may attain greater than 1 / 4 of households with televisions.
Shareholders of Quincy, a family-owned media firm primarily based in central Illinois, accepted the sale of the 100-year-old firm’s tv stations. Its newspaper operations in Quincy, Illinois and Hannibal, Missouri, will even be offered previous to closing of the acquisition.
“Whereas that is the tip of an extended and profitable chapter, it additionally represents an exquisite new chapter for the communities we serve and our workers with the acquisition of the stations by Grey,” mentioned Quincy CEO Ralph Oakley, in a press release. nice operators and other people and our philosophies largely mirror one another. “