Saturday, January 20, 2007

We're all about local television; it's in our name!

Oak Hill Capital Partners, the private equity group that plans to buy WNEP and the rest of the NYT station group, has formed the company that will ultimately own those stations, pending government approval: Local TV LLC.

I guess you can't get more straight-forward than that.

Randy Michaels, a former radio executive who once worked for Clear Channel, will head up Local TV LLC once the deal is sealed. Final approval could come by this summer.


Anonymous Anonymous said...

IIRC, when LPTV was coming in, there was a company called "Neighborhood TV" or "Neighborhood Television" that was going to be owning over a thousand LPTV's around the country. I forget who owned it, but Sears or someone rings a bell.

I've always figured the more hometown the name, the bigger the operation. Local mom & pops always have overblown names.

"Local TV LLC" or "Hometown TV LLC" or "Yer Pals at Montage LLC" is still an out-of-state LLC, no matter how you look at it.

8:18 PM  
Anonymous Anonymous said...

As a competitor of WNEP's, I wish them continued, albeit limited success, with their new owner.

I think they do it just right for what their counterparts have to offer, personally speaking.

Is there a slip in their product? Who knows? It's across the board for all media, personally speaking.

Anyway, good luck!

10:10 PM  
Anonymous Anonymous said...

Lets see... Randy Michaels used to be a Clear Channel big-wig... hummmm...

Clear Channel, the folks who ruined radio... hummmm...

Clear Channel... which have given "box walks" to so many good people over the past two months from Orlando to Rochester, and everywhere in between...

Randy Michaels... still with the Clear Channel mind - set... now at Oak Hill.....

I can see the motto on the wall in Randy's office.... Damn the local content... Damn the loyal employees... lets see how much money we can squeeze out of these stations.

1:54 PM  
Anonymous Anonymous said...

Former Clear Channel guy running things?

NEPA tv is doomed.

4:09 AM  
Anonymous Anonymous said...

Google "Randy Michaels" and you'll be amazed. He's a shock jock who loves creativity and believes anything goes--to the point of farting on the air. He's a programming wizard responsible for creating the largest radio company in the country. He's a cost cutting s.o.b. who fired hundreds of staffers and ended long standing station charity fund raisers because they didn't make money for the company.

You have to wonder which Randy Michaels will show up to influence the family friendly and big spending WNEP.

Does Joe Snedeker start farting on the air and slaughtering animals to increase profits? Are telethons for St. Joseph's Center and Feed A Friend food drives history? Does Robo-Cam atop the studios replace Skycam for aerials?

Randy Michaels has proven he's good for the business of broadcasting. I'm not so sure he's good for the broadcasting business.

Hold on, my friends at WNEP, it looks like a bumpy ride.

11:36 AM  
Anonymous Anonymous said...

"Randy Michaels has proven he's good for the business of broadcasting. I'm not so sure he's good for the broadcasting business."

11:36 AM

Damn well said.

BUT: it's the 21st century, and “broadcasters” don’t run broadcasting anymore. Times have changed, and many lf us are just hanging on and hanging in. Hunter Thompson had it right: “Buy the ticket, take the ride.”

Here’s the way I was brought up in broadcasting: “Hey, let’s invest more on news and local programming. We can do a better job. Then we’ll attract more viewers. That bigger audience will be more attractive to advertisers. We’ll make more. Then we can spend more on news and local programming—do a better job—get a bigger audience—make more money—invest more—do better—get a bigger audience—make more—spend more—do better…”

And on, and on. It was sort of like farming.

Today broadcasting is like strip mining: buy it, rape it, and when it’s played out, move on.

That’s not a prediction: I don’t know anything about Oak Hill. I’m just frightened.

7:31 PM  

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