Monday, February 10, 2014

KRON to sell building, move in with KGO-TV

KRON's home at 1001 Van Ness Ave.
KRON’s owner, Media General, announced today that it is listing its 1001 Van Ness Ave. building and moving in with Channel 7 at the ABC Broadcast Center on Front Street.

“KRON will remain an independent station with its own staff and separate broadcast facilities. No staffing changes are expected as a result of the move, which is expected to be completed in the next six to nine months,” a statement from Media General said.

The statement doesn’t say whether the two channels would enter into a shared services agreement. KGO already produces newscasts for KOFY. But media blogger Rich Lieberman, who broke the story about the move, said he expects a consolidation to occur. Lieberman goes on to talk about the idea of Gary Radnich appearing on KGO.

The new space will provide a separate studio that Media General CEO George Mahoney called “a significant upgrade from our current studio,” and said the setup will better foster staffer collaboration.

The Van Ness building was designed by Gardner A. Dailey, a leading Bay Area architect from the 1920s to 1960s. It was completed in 1967. Prior to 1967, KRON operated out of the basement of the Chronicle building at Fifth and Mission. At the time KRON and the Chronicle had the same owners.

Young Broadcasting bought the four-story structure on Van Ness in 2000 for $8.4 million, or $185 a square foot.

Lieberman said that the building has multiple mortgages.

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