Newport Television


Newport Television, LLC was a television station holding company founded by Providence Equity Partners and Sandy DiPasquale in 2007 to acquire the television stations owned by Clear Channel Communications.

History

In September 2007, Newport agreed to sell KFTY and KVOS-TV to for $26.6 million. The deal was set to be completed in March 2008 but eventually collapsed due to LK's lender refusing to provide the funding; KFTY and KVOS have since been sold to other companies. As of October 10, 2007, Newport had agreed to sell KION-TV, KMUV-LP, K44DN, KKFX-CA, KCOY-TV to Cowles Publishing Company for $41 million. Newport's purchase of the Clear Channel stations and those being resold were granted conditional Federal Communications Commission approval, subject to divestitures of media properties owned by other affiliates of Providence Equity Partners in several other markets. The entire deal closed on March 14, 2008, after several stations, in addition to those being divested by Newport, were placed into trust companies.
In March 2012, Providence Equity Partners began to explore strategic alternatives for Newport Television, which may lead to a sale of the group. In July 2012, it was officially confirmed that Nexstar Broadcasting Group would acquire twelve of Newport's stations, Sinclair Broadcast Group would acquire six, and Cox Media Group would acquire four. As part of the same deal, Newport's CMS operations, branded as Inergize Digital, would go to Nexstar. This deal was followed eight days later by the announcement that WXXA-TV in Albany, New York would be sold to Shield Media, LLC, who would then enter into joint sales and shared services agreements with Young Broadcasting's WTEN.
Four other Newport stations were not part of either of the July 2012 deals, with the company continuing to pursue buyers for those stations; Nexstar would announce its acquisition of two of those stations, KGET-TV in Bakersfield, California and KGPE in Fresno, on November 5. On November 26, Newport announced that KMTR would be sold to Fisher Communications. Because Fisher already owned KVAL-TV, Fisher assigned the rights to acquire the FCC license to Roberts Media, LLC, which Fisher then entered into a Joint Sales and Shared Services Agreement with KVAL.
On October 23, the FCC granted approval to the sale of the Jacksonville and Tulsa stations to Cox, plus the Albany station to Shield Media. This was followed the next day by the FCC approval of the July sale of the stations to Nexstar except for the two in Little Rock being sold to Mission Broadcasting, which were later approved on December 10. On November 19, the FCC granted approval of the remaining stations from the July deal to Sinclair.
Nineteen of the stations involved in the July deal were consummated on December 3, 2012. On the same day, Sinclair announced that they would acquire non-license assets of WHAM-TV, while the license was transferred to Deerfield Media. On January 23, 2013, the FCC granted approvals of the Newport California stations to Nexstar; and on January 30, the FCC granted approval to the WHAM transaction to Sinclair. On April 24, 2013, the FCC granted its approval on Newport's final station, KMTR to Roberts Media. This was after an announcement that Fisher was being sold to Sinclair for $373 million, two weeks prior. On June 1, the KMTR sale was consummated, completing the disestablishment of the company.

Former stations

Media marketStateStationPurchasedSoldNotes
MobileAlabamaWPMI-TV20082012
MobileAlabamaWJTC20082012
FairbanksAlaskaKTVF20082012
Little RockArkansasKLRT-TV20082013
Little RockArkansasKASN20082013
BakersfieldCaliforniaKGET-TV20082013
BakersfieldCaliforniaKKEY-LP20082013
FresnoCaliforniaKGPE20082013
Monterey–SalinasCaliforniaKION-TV20082008
Monterey–SalinasCaliforniaKCBA20082008
Monterey–SalinasCaliforniaKMUV-LP20082008
San FranciscoCaliforniaKFTY20082011
Santa MariaCaliforniaKCOY-TV20082008
Santa MariaCaliforniaKKFX-CA20082008
JacksonvilleFloridaWAWS20082012
JacksonvilleFloridaWTEV-TV20082012
HoisingtonKansasKOCW20082012
SalinaKansasKAAS20082012
WichitaKansasKSAS-TV20082012
WichitaKansasKMTW20082012
Albany–SchenectadyNew YorkWXXA-TV20082012
BinghamtonNew YorkWBGH-CA20082012
BinghamtonNew YorkWIVT20082012
ElmiraNew YorkWETM-TV20082012
RochesterNew YorkWHAM-TV20082013
SyracuseNew YorkWSYR-TV20082012
WatertownNew YorkWWTI20082012
CincinnatiOhioWKRC-TV20082012
TulsaOklahomaKOKI-TV20082012
TulsaOklahomaKMYT-TV20082012
Coos BayOregonKMCB20082013
EugeneOregonKMTR20082013
RoseburgOregonKTCW20082013
HarrisburgPennsylvaniaWHP-TV20082012
HarrisburgPennsylvaniaWLYH-TV20082012
JacksonTennesseeWJKT20082012
MemphisTennesseeWPTY-TV20082012
MemphisTennesseeWLMT20082012
San AntonioTexasWOAI-TV20082012
Salt Lake CityUtahKTVX20082012
Salt Lake CityUtahKUCW20082012
BellinghamWashingtonKVOS-TV20082012

Variety Television Network

Variety Television Network was a digital subchannel operated by Newport Television on various US DTV stations including 6 owned by Clear Channel; The network went off the air in early January 2009.