Indeed. The way to look at this, however, is that Meredith is in DEEP debt. With most economists expecting much higher interest rates, perhaps even a return to the hyperinflation of the 70s, borrowing costs will soar. And the market consolidation in TV is hot right now.With ATSC 3.0 on the horizon, they want to sell their ota properties and concentrate on publishing magazines? Sounds like a half-assed decision to me.
I bet Scripps takes a good look at buying them. Good opportunity to spread their reach for the Katz subchannels.
I can see them buying WNEM in Michigan. It already carries ION on a subchannel.Not as a whole...Scripps and Meredith would have conflicts in Las Vegas, Phoenix, Nashville, and Kansas City, and that's not even counting the Ion stations owned by Scripps/Inyo in those same markets. I believe it's more likely that the Meredith station group will sold-off by piecemeal.
Gray just bought all the Quincy stations, so it's unlikely they'll buy Meredith's also. They already own WJRT-12 in our DMA.Quite frankly, the best fit for Meredith's stations would be Cox or Gray (I don't recall how close to the national cap Gray is). For Cox, would only have to spin off one of WSB or WGCL in Atlanta, I think, and could try to sell WGCL to CBS to partner with WUPA. Everything else would fit neatly. For Gray, it'd be WNEM or WJRT.
And, of course, there's Byron Allen's group.
Most other owners would have significant issues with either the national cap or having too many stations in a single market in several places.
Gray just bought all the Quincy stations, so it's unlikely they'll buy Meredith's also. They already own WJRT-12 in our DMA.
I'm betting it's likely going to be Byron Allen that'll buy them.