 | |
| Company type | Private |
|---|---|
| Industry | Broadcast and Digital |
| Founded | 1993 |
| Defunct | October 12, 2012 |
| Fate | Acquired by LIN TV Corp. |
| Successor | |
| Headquarters | , |
Key people |
|
| Services | Television stations, Digital media |
Number of employees | 1550 |
New Vision Television was a broadcast company based in Los Angeles, California. Throughout its two decade plus history, the company owned or managed over 20 television stations in large and medium-sized markets.
Formed by Jason Elkin in 1993 in Atlanta, GA, New Vision Television began its ownership in local television by acquiring the assets of News-Press & Gazette Company in December 1993 for $110 million. The deal included television stations in Jackson, MS (WJTV, including semi-satellite WHLT in Hattiesburg); Wilmington, NC (WECT), Savannah, GA (WSAV-TV), Sioux Falls, SD (KSFY and satellites KABY and KPRY), and Tucson, Arizona (KOLD). New Vision I sold its assets to Bert Ellis and Ellis Communications in 1995 for $230 million. (Most of them initially went to Raycom Media, but some had to be traded to Media General and KSFY was sold to Hoak Media.)
New Vision Television CEO Jason Elkin and COO John Heinen started a new company, New Vision Television II, that capitalized with $200 million and owned a maximum of four network affiliates. (Elkin had bought the stations from NPG that were sold to Ellis.) New Vision II owned KSBY in Santa Barbara, California; KVII-TV in Amarillo, Texas; WISE-TV in Fort Wayne, Indiana; and KDLH in Duluth, Minnesota. In 2005, New Vision II sold all of its stations at the time to Cordillera Communications, Barrington Broadcasting, and Granite Broadcasting.
New Vision III was a restart of the company with new stations. On August 1, 2006, New Vision announced an agreement to acquire CBS affiliates WIAT in Birmingham, Alabama and KIMT in Mason City, Iowa from Media General for $35 million. The acquisition was finalized on October 12 of that year. [1] [2] On November 15, New Vision announced an agreement to acquire CBS affiliate WKBN-TV and sister Fox affiliate WYFX-LP in Youngstown, Ohio for undisclosed terms, and signed a shared services agreement to operate Youngstown ABC affiliate WYTV for owner Parkin Broadcasting (later named PBC Broadcasting). New Vision subsequently launched the My Valley branding for several services offered by WKBN, WYFX, and WYTV. In September 2007, New Vision acquired Savannah, Georgia ABC affiliate WJCL-TV from Piedmont Television; in November, it acquired all of the assets of Montecito Broadcasting: KOIN-TV in Portland, Oregon; KHON-TV in Honolulu, Hawaii and satellites; KSNW-TV in Wichita, Kansas and satellites; and (in a related stock transaction) KSNT-TV in Topeka, Kansas. In 2008, New Vision bought KTMJ-CA and repeaters in Topeka (co-managed with KSNT) and announced plans to convert KBNZ-LD in Bend, Oregon (which has since been sold) from a translator of KOIN to its own station. [3]
In 2009, New Vision Television received a $28 million line of credit during its bankruptcy proceedings. New Vision, doing business as NV Broadcasting, filed for Chapter 11 after reaching an agreement with first- and second-lien debt holders that converts $400 million in debt to equity in the reorganized company. [4]
On May 7, 2012, LIN Media acquired the 13 television stations owned by New Vision Television. [5] The sale provided a significant gain in equity for New Vision’s investors. The sales agreement included operational control of the three PBC Broadcasting-owned stations (KTKA, WTGS and WYTV) involved in shared service agreements with New Vision-owned stations in Topeka, Savannah and Youngstown (the licenses of the PBC stations are being transferred to Vaughan Media as part of the deal). [6] The FCC approved the deal on October 2, 2012, and was completed on October 12, 2012. LIN was itself absorbed by Media General in late 2014; Media General would then be absorbed to Nexstar Media Group in 2017. [7]
LIN Media was an American holding company founded in 1994 that operated 43 television stations. All except one were affiliates of the six major U.S. television networks. One of the remaining stations was a low-powered weather station in Indiana.
KHON-TV is a television station in Honolulu, Hawaii, United States, serving the Hawaiian Islands as an affiliate of Fox and an owned-and-operated station of The CW. It is owned by Nexstar Media Group alongside MyNetworkTV affiliate KHII-TV. The two stations share studios at the Haiwaiki Tower in downtown Honolulu; KHON's main transmitter is also located downtown at the Century Center condominium/business complex.
KHII-TV is a television station in Honolulu, Hawaii, United States, serving the Hawaiian Islands as an affiliate of MyNetworkTV. It is owned by Nexstar Media Group alongside dual Fox affiliate/CW owned-and-operated station KHON-TV. The two stations share studios at the Haiwaiki Tower in downtown Honolulu; KHII's main transmitter is located in Akupu, Hawaii.
Media General was an American media company based in Richmond, Virginia. The company's origins can be traced back to 1887 when Richmond attorney Joseph Bryan acquired The Richmond Daily Times, which later became The Richmond Times-Dispatch. Joseph Bryan's son, John Stewart Bryan succeeded his father as owner and publisher of the Times-Dispatch, which merged with The Richmond News Leader in 1940 to form Richmond Newspapers, Inc.
KOIN is a television station in Portland, Oregon, United States, affiliated with CBS. It is owned by Nexstar Media Group alongside Salem–licensed CW owned-and-operated station KRCW-TV. The two stations share studios in the basement of the KOIN Center skyscraper on Southwest Columbia Street in downtown Portland; KOIN's transmitter is located in the Sylvan-Highlands neighborhood of the city.
WKBN-TV is a television station in Youngstown, Ohio, United States, affiliated with CBS. It is owned by Nexstar Media Group alongside low-power Fox affiliate WYFX-LD ; Nexstar also provides certain services to ABC affiliate WYTV through joint sales and shared services agreements (JSA/SSA) with Vaughan Media, LLC. The three stations share studios on Sunset Boulevard in Youngstown's Pleasant Grove neighborhood, where WKBN-TV's transmitter is also located.
WYTV is a television station in Youngstown, Ohio, United States, affiliated with ABC and MyNetworkTV. It is owned by Vaughan Media, LLC, which maintains joint sales and shared services agreements (JSA/SSA) with Nexstar Media Group, owner of CBS affiliate WKBN-TV and low-power Fox affiliate WYFX-LD, for the provision of certain services. The three stations share studios on Sunset Boulevard in Youngstown's Pleasant Grove neighborhood, where WYTV's transmitter is also located.
WYFX-LD is a low-power television station in Youngstown, Ohio, United States, affiliated with the Fox network. It is owned by Nexstar Media Group alongside CBS affiliate WKBN-TV ; Nexstar also provides certain services to ABC affiliate WYTV through joint sales and shared services agreements (JSA/SSA) with Vaughan Media, LLC. The three stations share studios on Sunset Boulevard in Youngstown's Pleasant Grove neighborhood, where WYFX-LD's transmitter is also located.
KSNW is a television station in Wichita, Kansas, United States, affiliated with NBC and Telemundo. The station is owned by Nexstar Media Group, and maintains studios on North Main Street in northwest Wichita ; its transmitter is located in rural northwestern Sedgwick County.
KSNK is a television station licensed to McCook, Nebraska, United States, affiliated with NBC and Telemundo. Owned by Nexstar Media Group, the station maintains an advertising sales office on US 36 in northwestern Oberlin, Kansas, and its transmitter is located along US 36 in rural northwestern Decatur County.
KIMT is a television station licensed to Mason City, Iowa, United States, serving North Central Iowa and Southeast Minnesota as an affiliate of CBS and MyNetworkTV. Owned by Allen Media Group, the station maintains studios on North Pennsylvania Avenue in downtown Mason City, with a news bureau on Highway 52 North in Rochester, Minnesota, and a sales office on East William Street in downtown Albert Lea, Minnesota. Its transmitter is located near Meyer, Iowa south of the Minnesota state line.
KSNT is a television station in Topeka, Kansas, United States, affiliated with NBC. It is owned by Nexstar Media Group alongside low-power, Class A Fox affiliate KTMJ-CD ; Nexstar also provides certain services to dual ABC/CW+ affiliate KTKA-TV under joint sales and shared services agreements (JSA/SSA) with Vaughan Media, LLC. The stations share studios on Northwest 25th Street, near the unincorporated community of Kiro, where KSNT's transmitter is also located.
KTKA-TV is a television station in Topeka, Kansas, United States, affiliated with ABC and The CW Plus. It is owned by Vaughan Media, LLC, which maintains joint sales and shared services agreements (JSA/SSA) with Nexstar Media Group, owner of NBC affiliate KSNT and Fox affiliate KTMJ-CD, for the provision of certain services. The stations share studios on Northwest 25th Street, near the unincorporated community of Kiro ; KTKA-TV's transmitter is located along West Union Road west of Topeka.
KSNC is a television station licensed to Great Bend, Kansas, United States, affiliated with NBC and Telemundo. Owned by Nexstar Media Group, the station maintains a news bureau, advertising sales office and transmitter along US 281, three miles (5 km) north of Great Bend.
KSNG is a television station licensed to Garden City, Kansas, United States, affiliated with NBC and Telemundo. The station is owned by Nexstar Media Group, and maintains a news bureau and advertising sales office on Fulton Street in southwestern Garden City; its transmitter is located east of US 83 in rural southwestern Finney County.
KTMJ-CD is a low-power, Class A television station in Topeka, Kansas, United States, affiliated with the Fox network. It is owned by Nexstar Media Group alongside NBC affiliate KSNT ; Nexstar also provides certain services to dual ABC/CW+ affiliate KTKA-TV under joint sales and shared services agreements (JSA/SSA) with Vaughan Media, LLC. The stations share studios on Northwest 25th Street, near the unincorporated community of Kiro ; KTMJ-CD's transmitter is located along Southwest West Union Road west of Topeka.
Lilly Broadcasting, LLC is a privately owned American broadcasting company owned and operated by the Lilly Brothers.
KSNL-LD is a low-power television station in Salina, Kansas, United States, affiliated with NBC and owned by Nexstar Media Group. The station's studios are located on North Santa Fe Avenue in downtown Salina, and its transmitter is located on State Street and Halsted Road in unincorporated Saline County.
Vaughan Media, LLC is a company which owns the broadcast licenses of several stations operated by Nexstar Media Group.
