New Vision Television

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New Vision Television
Type Private
Industry Media
Fate Acquired by LIN TV Corp.
Founded 1993
Headquarters Los Angeles, CA
Key people Jason Elkin, Chairman and CEO
Products Television
Employees 1050
Website www.newvisiontv.com

New Vision Television was a broadcast company based in Los Angeles, California. Throughout near its two decade history, the company owned or managed over 30 television stations in medium sized markets.

History[edit]

New Vision I[edit]

Formed in 1993 in Atlanta, GA, New Vision Television began its ownership in local television by acquiring the assets of News-Press & Gazette Company in December 1993 for $110 million. The deal included television stations in Jackson, MS (WJTV, including semi-satellite WHLT in Hattiesburg); Wilmington, NC (WECT), Savannah, GA (WSAV), Sioux Falls, SD (KSFY and satellites KABY and KPRY), and Tucson, Arizona (KOLD). New Vision I sold its assets to Bert Ellis and Ellis Communications in 1995 for $230 million. (Most of them initially went to Raycom Media, but some had to be traded to Media General and KSFY was sold to Hoak Media.)

New Vision II[edit]

New Vision Television CEO Jason Elkin and COO John Heinen started a new company, New Vision Television II, that capitalized with $200 million and owned a maximum of four network affiliates. (Elkin had bought the stations from NPG that were sold to Ellis.) New Vision II owned KSBY in Santa Barbara, California; KVII-TV in Amarillo, Texas; WISE-TV in Fort Wayne, Indiana; and KDLH in Duluth, Minnesota. In 2005, New Vision II sold all of its stations at the time to Cordillera Communications, Barrington Broadcasting, and Granite Broadcasting.

New Vision III[edit]

New Vision III was a restart of the company with new stations. On August 1, 2006, New Vision announced an agreement to acquire CBS affiliates WIAT in Birmingham, Alabama and KIMT in Mason City, Iowa from Media General for $35 million. The acquisition was finalized on October 12 of that year.[1][2] On November 15, New Vision announced an agreement to acquire CBS affiliate WKBN-TV and sister Fox affiliate WYFX-LP in Youngstown, Ohio for undisclosed terms, and signed a shared services agreement to operate Youngstown ABC affiliate WYTV for owner Parkin Broadcasting (later named PBC Broadcasting). New Vision subsequently launched the My Valley branding for several services offered by WKBN, WYFX, and WYTV. In September 2007, New Vision acquired Savannah, Georgia ABC affiliate WJCL-TV from Piedmont Television; in November, it acquired all of the assets of Montecito Broadcasting: KOIN-TV in Portland, Oregon; KHON-TV in Honolulu, Hawaii and satellites; KSNW-TV in Wichita, Kansas and satellites; and (in a related stock transaction) KSNT-TV in Topeka, Kansas. In 2008, New Vision bought KTMJ-CA and repeaters in Topeka (co-managed with KSNT) and announced plans to convert KBNZ-LD in Bend, Oregon (which has since been sold) from a translator of KOIN to its own station.[3]

On May 7, 2012, LIN TV Corporation announced that it will acquire the 13 television stations owned by New Vision for $330.4 million and the assumption of an undisclosed amount of debt. The agreement includes operational control of the three PBC Broadcasting-owned stations (KTKA, WTGS and WYTV) involved in shared service agreements with New Vision-owned stations in Topeka, Savannah and Youngstown (the licenses of the PBC stations are being transferred to Vaughan Media as part of the deal).[4] The Federal Communications Commission approved the deal on October 2, 2012 and LIN closed on the acquisition ten days later.

New Venture[edit]

On January 3, 2013, the former executives at New Vision Television is forming its fourth venture. In lieu of naming it New Vision like it three previous incarnations, it will be named Alchemedia. [5]

Former New Vision-owned Stations[edit]

City of license / Market Station Channel
TV (RF)
Years Owned Current Ownership Status
Birmingham, Alabama WIAT 42 (30) 2006–2012 CBS affiliate to be owned by Media General
Tucson, Arizona KOLD-TV 13 (32) 1993–1995 CBS affiliate owned by Raycom Media
San Luis Obispo, California KSBY 6 (15) 2002–2004 NBC affiliate owned by Cordillera Communications
Savannah, Georgia WSAV 3 (39) 1993-1995 NBC affiliate owned by Media General
WJCL 22 (22) 2007-2012 ABC affiliate to be owned by Hearst Television
WTGS 1 28 (28) 2007-2012 Fox affiliate to be owned by Sinclair Broadcast Group
Honolulu, Hawaii KHON-TV 2 (8) 2007–2012 Fox affiliate to be owned by Media General
Hilo, Hawaii KHAW
(satellite of KHON-TV)
11 (11) 2007–2012 Fox affiliate to be owned by Media General
Maui KAII
(satellite of KHON-TV)
7 (7) 2007–2012 Fox affiliate to be owned by Media General
Kauai K55DZ
(satellite of KHON-TV)
55 2007–2012 Fox affiliate to be owned by Media General
Mason City, Iowa KIMT 3 (42) 2006–2012 CBS affiliate to be owned by Media General
Fort Wayne, Indiana WISE-TV 33 (18) 2003–2005 NBC affiliate owned by Granite Broadcasting
Topeka, Kansas KSNT 27 (27) 2007-2012 NBC affiliate to be owned by Media General
KTMJ-CD 43 (43) 2008-2012 Fox affiliate to be owned by Media General
KTKA-TV 1 49 (49) 2011-2012 ABC affiliate owned by Vaughan Media
(To be operated under a SSA by LIN Media General)
Wichita / Hutchinson, Kansas KSNW 3 (45) 2007–2012 NBC affiliate to be owned by Media General
Great Bend KSNC
(satellite of KSNW)
2 (22) 2007–2012 NBC affiliate to be owned by Media General
Salina, Kansas KSNL-LD
(satellite of KSNW)
47 (47) 2007–2012 NBC affiliate to be owned by Media General
Garden City, Kansas KSNG
(satellite of KSNW)
11 (11) 2007–2012 NBC affiliate to be owned by Media General
McCook, Nebraska KSNK
(satellite of KSNW)
8 (12) 2007–2012 NBC affiliate to be owned by Media General
Duluth, Minnesota KDLH 3 (33) 2003–2005 CBS affiliate owned by Malara Broadcasting
(Operated under a SSA by Granite Broadcasting)
Jackson, Mississippi WJTV 12 (12) 1993–1995 CBS affiliate owned by Media General
Hattiesburg, Mississippi WHLT
(semi-satellite of WJTV)
22 (22) 1993–1995 CBS affiliate owned by Media General
Wilmington, North Carolina WECT 6 (44) 1993–1995 NBC affiliate owned by Raycom Media
Youngstown, Ohio WYFX-LD 19 (19) 2007-2012 Fox affiliate to be owned by Media General
WKBN-TV 27 (41) 2007-2012 CBS affiliate to be owned by Media General
WYTV 1 33 (36) 2007-2012 ABC affiliate owned by Vaughan Media
(To be operated under a SSA by Media General)
Portland, Oregon KOIN 6 (40) 2007–2012 CBS affiliate to be owned by Media General
Bend, Oregon KBNZ-LD
(satellite of KOIN)
7 (7) 2007–2010 CBS affiliate owned by Zolo Media
Sioux Falls, South Dakota KSFY-TV 13 (13) 1993-1995 ABC affiliate owned by Gray Television
Aberdeen, South Dakota KABY-TV
(Satellite of KSFY)
9 (9) 1993-1995 ABC affiliate owned by Gray Television
Pierre, South Dakota KPRY-TV
(Satellite of KSFY)
4 (19) 1993-1995 ABC affiliate owned by Gray Television
Amarillo, Texas KVII-TV 7 (7) 2002–2005 ABC affiliate owned by Sinclair Broadcast Group
Clovis, New Mexico KVIH-TV
(satellite of KVII)
12 (12) 2002–2005 ABC affiliate owned by Sinclair Broadcast Group

Notes:

  • 1 These stations were owned by Parkin (PBC) Broadcasting, LLC. These stations were operated by New Vision under local marketing agreements.

References[edit]

  1. ^ Media General Press Releases
  2. ^ Media General Completes Sale of WIAT-TV in Birmingham, Ala., and KIMT-TV in Mason City, Iowa, to New Vision Television
  3. ^ Bend, Ore., CBS Affil to Launch - TVWeek - News
  4. ^ Malone, Michael (May 7, 2012). "LIN Acquiring New Vision Stations for $330 Million". Broadcasting & Cable. Retrieved May 7, 2012. 
  5. ^ New Vision Television Managers Announce New Local Television Venture Rock Hill Herald, January 3, 2013

External links[edit]