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Four Points Media Group

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Four Points Media Group LLC
Company typeLimited liability company
IndustryMedia
Predecessor7 stations owned by CBS Corp.
Founded2007
DefunctJanuary 1, 2012
FateAcquired by Sinclair
SuccessorSinclair Broadcast Group
Key people
Dick Reingold
(President, CEO)
ServicesTelevision
OwnerCerberus Capital Management

Four Points Media Group was a holding company owned by Cerberus Capital Management, established in 2007 to serve as a buyer for 7 television stations formerly owned by CBS Corporation.

The company took over the day-to-day operations of the stations via local marketing agreements on June 25. The acquisition of the stations was granted FCC approval on November 21, 2007 and closed on January 10, 2008.[1]

KUTV, the CBS affiliate in Salt Lake City, served as the master-control hub facility for Four Points' stations. As such, it served as the "flagship" station of the group. KEYE-TV in Austin, Texas, the other CBS affiliate owned by Four Points, was the only station not controlled by the KUTV hub facility.

On March 20, 2009, Four Points reached an agreement with Nexstar Broadcasting Group to take over operations of the stations through local service agreements (LSAs).[2]

On September 8, 2011, Sinclair Broadcast Group announced its intent to purchase Four Points Media Group from Cerberus Capital Management for $200 million. Sinclair began managing the stations in October 2011 through time brokerage agreements and would supply working capital to the stations in consideration of service fees and performance incentives through the LMAs, prior to closing of the acquisition.[3] The deal was approved by the Federal Communications Commission (FCC) on December 21, and closed on January 1, 2012.[4]

Stations

City of license / Market Station Channel
TV (RF) 		Years Owned Current Ownership Status
West Palm Beach -
Fort Pierce 		WTVX 34 (34) 2008-2012 The CW affiliate owned by Sinclair Broadcast Group
WTCN-CA 50 (34.3) 2008-2012 MyNetworkTV affiliate owned by Sinclair Broadcast Group
WWHB-CA 48 (34.2) 2008-2012 Azteca América affiliate owned by Sinclair Broadcast Group
Providence - New Bedford WLWC 28 (22) 2008-2012 The CW affiliate owned by OTA Broadcasting, LLC
Austin KEYE-TV 42 (43) 2008-2012 CBS affiliate owned by Sinclair Broadcast Group
Salt Lake City - St. George -
Provo - Ogden - Orem 		KUTV 2 (34) 2008-2012 CBS affiliate owned by Sinclair Broadcast Group
KMYU 12 (9) 2008-2012 MyNetworkTV affiliate owned by Sinclair Broadcast Group

References

  1. ^ "CBS Corporation Completes Sale of Local TV Stations to Cerberus" (Press release). CBS Corporation. 2008-01-10. Retrieved 2008-01-11.
  2. ^ Nexstar Managing Four Points Stations, Broadcasting & Cable, March 23, 2009
  3. ^ Sinclair Buys Four Points Media For $200M, TVNewsCheck, September 8, 2011.
  4. ^ "Sinclair Closes Four Points Media Acquisition". TVNewsCheck. January 3, 2012. Retrieved January 3, 2012.


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