Daily Archives: January 28, 2009

NASDAQ Delists Young; Company Can’t Sell KRON, Onetime Powerhouse in SF

KRON/SF, once a strong NBC station, has suffered since its purchase by Young Broadcasting, losing its NBC affiliation, and this week, Young lost its listing on NASDAQ, as shares tumbled into the three-cents-a-share range. “Burdened by what some investors believe is a prominent asset with a questionable future and more broadly, the overall malaise in the ad market,” Young’s trading was moved to an over-the-counter market, reports mediapost.com.

KRON, ever a source of lively debate and rumor among San Francisco local tv newsers, has lost most of its marquee talent and moved to a one-man-band newsgathering model since becoming an affiliate of My Network TV. In its first day of over-the-counter trading Tuesday, mediapost.com reports Young shares dropped another 33%.

Other station groups in similar trouble, reports the site: Gray, Entravision, and Lin. Read more here.

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Filed under Station Sales/Purchases

Add Denver to the List of Local Markets Grounding Choppers

KMGHs Bird

KMGH's Bird

Two of Denver’s local stations, KUSA and KMGH have announced a helicopter “sharing” agreement, that will essentially ground of one of the station’s pricey birds. Byron Grandy, GM at KMGH, and Mark Cornetta, GM at KUSA, told the Rocky Mountain News this morning “the stations will share a helicopter and videographers, while continuing to maintain strict separation of each station’s decisions and reporter assignments.”

The move follows similar air wars cease-fires in Dallas and Chicago. “Obviously, there is an economic benefit to flying one helicopter and it’s not unlike sharing pool footage of a political event. Our news departments will each maintain their complete independence, while sharing the use of our most effective newsgathering tool,” Cornetta told the Rocky.

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Filed under Cutbacks

WCBS Sports a One-Woman Show Starting Friday

Sam Ryan/WCBS's Entire Sports Department

Sam Ryan/WCBS/NY's Entire Sports Department



Sam Ryan, weekend sports anchor at WCBS/NY will take over weeknight sports duties Friday, with the departures of main anchor and sports director Ducis Rodgers and morning sports guy John Discepolo. Rodgers’ last day is tomorrow, and Discepolo wraps his Channel 2 tenure on Friday, according to Richard Huff in the NY Daily News.

Huff reports Ryan will get some help covering sports on weekends from weekend news anchor and former WABC morning news anchor Steve Bartelstein who may do both news and sports duties;  morning sports will be taped, but may also include contributions from CBS-owned WFAN radio personalities.

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Filed under layoffs