Graham Media Group
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Graham Holdings Company | |
Website | www |
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Graham Media Group (formerly Post-Newsweek Stations) is the
History
The origins of Graham Media can be traced to 1944, when The Washington Post began its broadcasting activities with its purchase of WINX radio in Washington, D.C. Four years later the newspaper's parent firm, the Washington Post Company, announced its intention to acquire controlling interest in a rival station, WTOP radio from CBS. The two firms formed a joint venture known as WTOP Incorporated, with the Post holding 55 percent and CBS maintaining the balance (45 percent). The Post sold wholly owned WINX but retained its FM adjunct WINX-FM, which became the original WTOP-FM when the sales became final in 1949. In 1950 WTOP Inc. purchased WOIC, Washington's CBS television affiliate, and changed that station's call letters to WTOP-TV. This Post-CBS joint venture is the direct predecessor of Graham Media Group.
CBS was forced by the
Post-Newsweek made its first purchase in 1969, with the acquisitions of
In the wake of a panic swap of WTOP-TV (now
In 1992, Post-Newsweek bought the now-defunct Detroit regional sports station
Post-Newsweek nearly expanded to seven stations in 2008, when it offered to purchase NBC-owned WTVJ, creating a duopoly with WPLG. The sale was cancelled however, due to lack of FCC approval and poor economic conditions at that time, along with local reaction against media consolidation.[3]
2013–present: The post-Post-Newsweek era
The Post-Newsweek Stations group was not involved in the sales of Newsweek to Sidney Harman in August 2010,[4] and of the Washington Post to Jeff Bezos in October 2013,[5] after which the Washington Post Company was renamed Graham Holdings Company.[6] Graham's station group continued to operate under the Post-Newsweek name until July 28, 2014, when it was announced that it would be renamed Graham Media Group.[7]
In March 2014, Graham announced that it would sell WPLG to Berkshire Hathaway, in exchange for a large majority of Berkshire Hathaway's shares in Graham Holdings. Berkshire Hathaway and its chairman, Warren Buffett, had been longtime stockholders in the company.[8] The acquisition closed on June 30, 2014; Berkshire Hathaway entered into agreements with Graham to continue providing WPLG with the station group's centralized services following the sale.[9][10][11][12]
On May 27, 2016, Graham announced that as part of the acquisition of Media General by Nexstar Broadcasting Group, it would acquire Nexstar's The CW affiliate WCWJ in Jacksonville (forming Graham's first-ever duopoly, with WJXT) and Media General's NBC affiliate WSLS-TV in Roanoke, Virginia, in divestitures tied to the sale.[13]
Stations
Stations are arranged in alphabetical order by state and city of license.
Current stations
City of license / Market | Station |
|
Affiliation | |
---|---|---|---|---|
Jacksonville, FL | WJXT | 4 (18) | 1953 | Independent
|
WCWJ | 17 (20) | 2017 | The CW | |
Orlando–Daytona Beach–Melbourne, FL | WKMG-TV[a] | 6 (26) | 1997 | CBS |
Detroit, MI | WDIV-TV | 4 (32) | 1978 | NBC |
Houston, TX | KPRC-TV[b] | 2 (35) | 1994 | NBC |
San Antonio, TX | KSAT-TV[b] | 12 (12) | 1994 | ABC |
Roanoke–Lynchburg, VA | WSLS-TV | 10 (34) | 2017 | NBC |
Former stations
Television
City of license / Market | Station |
|
|
Current status |
---|---|---|---|---|
San Diego, CA | KFSD-TV/KOGO-TV[c] | 10 (10) | 1961–1962 | ABC affiliate KGTV, owned by E. W. Scripps Company |
Hartford–New Haven, CT | WFSB[d] | 3 (33) | 1974–1997 | CBS affiliate owned by Gray Television |
Washington, D.C. | WTOP-TV[e] | 9 (9) | 1950–1978 | CBS affiliate WUSA, owned by Tegna Inc. |
Miami–Fort Lauderdale, FL | WPLG[f] | 10 (10) | 1969–2014 | ABC affiliate owned by BH Media
|
Radio
AM Station | FM Station |
---|
City of license / Market | Station | Years owned | Current status |
---|---|---|---|
Washington, D.C. | WTOP 1500[e] | 1949–1978 | WFED, owned by Hubbard Broadcasting |
WTOP-FM 96.3[e] | 1949–1971 | WHUR-FM, donated to and owned by Howard University | |
Jacksonville, FL | WMBR 1460 | 1953–1958 | WQOP, owned by Relevant Radio, Inc. |
Cincinnati, OH | WCKY 1530 | 1969–1976 | Owned by iHeartMedia |
Notes
- ^ Named after Katharine Meyer Graham, widow of Phillip Graham who took his place as head of The Washington Post Company.
- ^ a b Owned by H&C Communications prior to its acquisition by Post-Newsweek in 1994.
- ^ Co-owned with Fox, Wells & Rogers from 1961 to 1962 in a joint venture; 54% owned by Fox, Wells & Rogers, 46% owned by Post-Newsweek.
- ^ Named after Frederick Scott Beebe, former president of Post-Newsweek Stations, later chairman of the Post Company from Philip Graham's death until his own in 1973.
- ^ a b c Co-owned with CBS until 1954 in a joint venture; 55% owned by the Post, 45% owned by CBS.
- ^ Named after Phillip L. Graham, former publisher of the Washington Post who died in 1963.
References
- ^ Miller, Mark (2022-03-09). "Graham Media Group Headquarters Returns To Detroit". TV News Check. Retrieved 2022-06-08.
- ^ "Emily Barr leaves ABC 7 on top — but doesn't go far". Time Out Chicago. May 8, 2012. Retrieved January 28, 2013.
- ^ "Breaking News: Post Newsweek Backs Out of WTVJ Deal". SFL.tv.com. 23 December 2008. Retrieved 16 June 2012.
- ^ Ahrens, Frank (August 3, 2010). "Harman Media buys Newsweek from Washington Post Co. for Undisclosed Amount". The Washington Post. Retrieved 2 August 2010.
- ^ Farhi, Paul (1 October 2013). "The Washington Post closes sale to Amazon founder Jeff Bezos". The Washington Post. Retrieved 2 October 2013.
- ^ Wilgoren, Debbi (November 18, 2013). "Washington Post Co. Renamed Graham Holdings Company to Mark Sale of Newspaper". The Washington Post. Retrieved November 18, 2013.
- ^ "Washington Post's former TV arm changes name to Graham Media Group". Chicago Tribune. July 28, 2014. Retrieved July 28, 2014.
- ^ "Warren Buffett Buys Post-Newsweek's WPLG". TVNewsCheck. Retrieved 12 March 2014.
- ^ "Application For Consent To Transfer Control Of Entity Holding Broadcast Station Construction Permit Or License", CDBS Public Access, Federal Communications Commission, Retrieved 21 April 2014.
- ^ Consummation Notice, CDBS Public Access, Federal Communications Commission, Retrieved 2 July 2014.
- Graham Holdings Company, 1 July 2014, Retrieved 2 July 2014.
- ^ "Exhibit 7 - Exchange Agreement", CDBS Public Access, Federal Communications Commission, Retrieved 21 April 2014.
- ^ "Nexstar Selling Five Stations in Four Markets". TVNewsCheck. Retrieved May 27, 2016.