Professor Chaos' Blog

Yea, do we get to keep our favorite anchors?

How can you sell a TV Station? I'm scared!!!

yes hello FOX six personnel, anyone reading these posts? How bout reporting the news of your sale to us?

Perhaps Milwaukee is too little a fish for Rupert Murdoch's communications net. WITI was the seventh smallest market...

But who is Oak Hill Partners... with the huge shift in wealth in this nation, these private partnerships could easily be more radical than even Rupert Murdoch.

how come WITI is being so quiet about its new parents?

Dec. 22 (Bloomberg) -- News Corp., the media company controlled by Rupert Murdoch, agreed to sell eight of its Fox network-affiliated television stations in the U.S. to Oak Hill Capital Partners LP for about $1.1 billion in cash.

The sale leaves Fox with 27 owned-and-operated stations and will probably be completed in the third quarter, New York- based News Corp. said in a statement today. Oak Hill will add the stations to nine existing ones, according to its Web site.

News Corp. is selling the assets to focus on its largest and most lucrative markets following the $5.2 billion takeover of Dow Jones & Co. this year. The purchase will help Oak Hill, the buyout firm founded by Texas oil billionaire Robert Bass, create a broader U.S. network after it paid $575 million to acquire stations from New York Times Co. in May.

``It is part of News Corp.'s strategic decision to shed low-growth, non-core assets,'' said Richard Dorfman, managing director of New York-based investment firm Richard Alan Inc., who doesn't own any shares.

Network television spending fell 3.8 percent and cable television revenue fell 0.3 percent in the first half from the year-earlier period, while spot advertising rose 3.2 percent, according to Nielsen Monitor-Plus.

Cleveland to Denver

For Oak Hill, the purchase is ``a classic private-equity play,'' said Dorfman. ``Ad dollars are migrating to the Web, but it's a government-licensed franchise that can throw off good cash flow and reliably service debt.''

Oak Hill will get WJW in Cleveland; KDVR in Denver; KTVI in St. Louis; WDAF in

Sorry, kids, but we don't know anymore than you do. We have read the same news release that you have. We're not holding back any information.

Here's how it works in the real world: we just keep on doing our jobs everyday. The business executives will figure it all out. For those of us working at the television station, we will continue to do what we do everyday. Everything will get sorted out.

In my 25 years here at WITI-TV, we have been bought and sold several times. It's part of business. Television is a business.

Rupert Murdoch is a radical, ColbyDog? In the grand scheme of things, I really don't think you need to worry about him.

So for all of you who love conspiracy theories, relax and have an enjoyable Christmas. And remember that in life, the only thing constant is change.

Merry Christmas.

isn't memory lane fun?

kimtheviewer, you got that one right. all they have to do is just keep on doing their job and bring us the news straight to the point in all of their newscasts. my father used to work for weasler engineering in west bend on highway 45, and he got let go when they were bought out by some other company.