fathman
2006-04-05 17:13:37 UTC
here's a story about KDOC. Perhaps Missy's recent comments about
contracts and such are so much smoke?
KDOC-TV to be sold to Atlanta broadcaster
Golden Orange Broadcasting will get $150million in the deal with Ellis
Communications.
By JOHN GITTELSOHN
The Orange County Register
KDOC, the Orange County TV station that broadcasts Ducks hockey games
and reruns of "Kojak" and "Matlock," is being bought for $150million by
an Atlanta broadcasting firm, the deal's broker said Tuesday.
With transmission from a tower atop Mount Wilson, KDOC represents a
rare opportunity to enter the Los Angeles market, said Kelly Callan,
vice president of Kalil & Co, a Tucson, Ariz., company that brokered
the sale.
"There aren't many TV stations, and when they become available, they
command top dollar," Callan said.
The purchase by Ellis Communications LLC took two years to negotiate,
President Bert Ellis said. Kelso & Co., a New York private investment
firm, is providing financial backing for the takeover.
"KDOC is a fantastic opportunity for us to participate in the largest
TV market in the world in terms of revenue," said Ellis, whose media
holdings include KAME-TV, a UPN station in Reno.
KDOC CEO Calvin Brack couldn't be reached for comment. The current
owner is Golden Orange Broadcasting, whose principals include
entertainer Pat Boone.
The Los Angeles broadcasting market, which includes Orange County, has
5.4million viewer households compared with 7.4million in Greater New
York. It has edged out New York since 2004 in terms of total
advertising revenue. One reason, Callan said, is more people in
Southern California get TV through broadcast or satellite signals,
which are more valuable than cable because of technological advances.
KDOC is licensed to Anaheim, with offices and studios in Irvine. The
station broadcasts on UHF Channel 56 as well as via cable and
satellite.
The sale must still receive approval from the Federal Communications
Commission.
contracts and such are so much smoke?
KDOC-TV to be sold to Atlanta broadcaster
Golden Orange Broadcasting will get $150million in the deal with Ellis
Communications.
By JOHN GITTELSOHN
The Orange County Register
KDOC, the Orange County TV station that broadcasts Ducks hockey games
and reruns of "Kojak" and "Matlock," is being bought for $150million by
an Atlanta broadcasting firm, the deal's broker said Tuesday.
With transmission from a tower atop Mount Wilson, KDOC represents a
rare opportunity to enter the Los Angeles market, said Kelly Callan,
vice president of Kalil & Co, a Tucson, Ariz., company that brokered
the sale.
"There aren't many TV stations, and when they become available, they
command top dollar," Callan said.
The purchase by Ellis Communications LLC took two years to negotiate,
President Bert Ellis said. Kelso & Co., a New York private investment
firm, is providing financial backing for the takeover.
"KDOC is a fantastic opportunity for us to participate in the largest
TV market in the world in terms of revenue," said Ellis, whose media
holdings include KAME-TV, a UPN station in Reno.
KDOC CEO Calvin Brack couldn't be reached for comment. The current
owner is Golden Orange Broadcasting, whose principals include
entertainer Pat Boone.
The Los Angeles broadcasting market, which includes Orange County, has
5.4million viewer households compared with 7.4million in Greater New
York. It has edged out New York since 2004 in terms of total
advertising revenue. One reason, Callan said, is more people in
Southern California get TV through broadcast or satellite signals,
which are more valuable than cable because of technological advances.
KDOC is licensed to Anaheim, with offices and studios in Irvine. The
station broadcasts on UHF Channel 56 as well as via cable and
satellite.
The sale must still receive approval from the Federal Communications
Commission.