Friday, May 2, 2008

Suspense builds over possible KRON sale

After months of silence about Young Broadcasting's attempt to sell KRON-TV, it was a shocker yesterday to see this on
    Sale of KRON - BREAKING
    From our tip jar:

      We still do not have a clear indication of where or when this sale will take place. There has been a considerable amount of discussion surrounding NBC and selling KSTS/Telemundo 48 and converting that to Telemundo 4 or the other way around NBC would move the Telemundo to 11 and NBC4 would be originating out of San Jose. The COL - City of Location would still be San Francisco for Channel 4 but its new location would be out of San Jose which would share the same new studio facilities as KNTV.

      The studios of KRON at 1001 Van Ness would be sold off and although NBC has a studio on Broadway near CBS and ABC San Francisco would have the presence of all three networks — FOX not included.

      I don't know how accurate this information is and if it's even worth the time to print it but something is brewing and from what we gather it's been kind of very secretive and confidential.
That appears to be the latest version of the rumors that began when KRON sports anchor Gary Radnich said on his KNBR radio show April 7 that the sale of the station could be two weeks away. "We're very excited," he said.

On April 11, Radnich revisited the subject of KRON's sale, saying his bosses weren't pleased with his comments. He suggested Internet bloggers took something he didn't say and blew it out of proportion. Unfortunately for him, his comments on April 7 were memorialized on an MP3.

Later on the morning of April 11, Mike Sugerman of KCBS called in to Radnich's show, at which point Radnich reiterated his point that he hadn't said anything about a sale, but had merely repeated what Sugerman had said to him earlier. A few days earlier, while Radnich was doing a remote from AT&T Park, Sugerman approached him and asked if he spoke Spanish. When Radnich asked why, Sugerman said "because KRON is being sold to Telemundo."

On the Internet, speculation abounded about the fate of KRON. As suspicions grew that KRON 4 would become Telemundo 4, radio station engineer John Higdon wrote on ba.broadcast:
    That's really sad. It is a bit like a death of a parent with Alzheimer's disease: long, lingering fade from real existence and when the death finally comes, you feel as though you actually lost the person years ago. It is sad to see another station drop into the Spanish language black hole, yet KRON has been fading from relevance for quite a while.
KRON's owner, Young Broadcasting, hasn't said anything publicly about a KRON buyer. However, chairman and CEO Vince Young is scheduled to discuss the company's first-quarter earnings in a conference call on Tuesday at noon Pacific time. At that time, financial analysts and journalists will have the chance to question him. (Photo credit: FX Group)

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