New Vision Television
 | |
| Private | |
| Industry | Media |
| Founded | 1993 |
| Headquarters | Los Angeles, CA |
Key people | Jason Elkin, Chairman and CEO |
| Products | Television |
Number of employees | 1550 |
New Vision Television is a broadcast company based in Santa Monica, California. Throughout its two decade plus history, the company owned or managed over 60 television stations in large and medium-sized markets.
History
New Vision I
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 II
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
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]
On May 7, 2012, LIN Media acquired the 13 television stations owned by New Vision Television. 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).[4] The Federal Communications Commission approved the deal on October 2, 2012.
New Vision IV
In late 2014 New Vision founder Jason Elkin formed New Vision IV. Based in Santa Monica, California New Vision IV is currently looking for middle and major network affiliate acquisitions. New Vision IV is a part of the New Vision Group.
Former New Vision-owned Stations
| City of license / Market | Station | Channel TV (RF) |
Years Owned | Current Ownership Status |
|---|---|---|---|---|
| Birmingham, Alabama | WIAT | 42 (30) | 2006-2012 | CBS affiliate owned by Media General |
| Tucson, Arizona | KOLD-TV | 13 (32) | 1993-1995 | CBS affiliate owned by Raycom Media |
| San Luis Obispo, California | KSBY | 6 (15) | 2002-2004 | NBC affiliate owned by Cordillera Communications |
| Savannah, Georgia | WSAV-TV | 3 (39) | 1993-1995 | NBC affiliate owned by Media General |
| WJCL | 22 (22) | 2007-2012 | ABC affiliate owned by Hearst Television | |
| WTGS 1 | 28 (28) | 2007-2012 | Fox affiliate owned by Sinclair Broadcast Group | |
| Honolulu, Hawaii | KHON-TV | 2 (8) | 2007-2012 | Fox affiliate owned by Media General |
| Hilo, Hawaii | KHAW (satellite of KHON-TV) |
11 (11) | 2007-2012 | Fox affiliate owned by Media General |
| Maui | KAII (satellite of KHON-TV) |
7 (7) | 2007-2012 | Fox affiliate owned by Media General |
| Kauai | K55DZ (satellite of KHON-TV) |
55 | 2007-2012 | Fox affiliate owned by Media General |
| Mason City, Iowa | KIMT | 3 (42) | 2006-2012 | CBS affiliate owned by Media General |
| Fort Wayne, Indiana | WISE-TV | 33 (18) | 2003-2005 | The CW affiliate owned by SagamoreHill Broadcasting |
| Topeka, Kansas | KSNT | 27 (27) | 2007-2012 | NBC affiliate owned by Media General |
| KTMJ-CD | 43 (43) | 2008-2012 | Fox affiliate owned by Media General | |
| KTKA-TV 1 | 49 (49) | 2011-2012 | ABC affiliate owned by Vaughan Media (Operated under a SSA by Media General) | |
| Wichita / Hutchinson, Kansas | KSNW | 3 (45) | 2007-2012 | NBC affiliate owned by Media General |
| Great Bend | KSNC (satellite of KSNW) |
2 (22) | 2007-2012 | NBC affiliate owned by Media General |
| Salina, Kansas | KSNL-LD (satellite of KSNW) |
47 (47) | 2007-2012 | NBC affiliate owned by Media General |
| Garden City, Kansas | KSNG (satellite of KSNW) |
11 (11) | 2007-2012 | NBC affiliate owned by Media General |
| McCook, Nebraska | KSNK (satellite of KSNW) |
8 (12) | 2007-2012 | NBC affiliate owned by Media General |
| Duluth, Minnesota | KDLH | 3 (33) | 2003-2005 | The CW affiliate owned by SagamoreHill Broadcasting |
| Jackson, Mississippi | WJTV | 12 (12) | 1993-1995 | CBS affiliate owned by Media General |
| Hattiesburg, Mississippi | WHLT (semi-satellite of WJTV) |
22 (22) | 1993-1995 | CBS affiliate owned by Media General |
| Wilmington, North Carolina | WECT | 6 (44) | 1993-1995 | NBC affiliate owned by Raycom Media |
| Youngstown, Ohio | WYFX-LD | 19 (19) | 2007-2012 | Fox affiliate owned by Media General |
| WKBN-TV | 27 (41) | 2007-2012 | CBS affiliate owned by Media General | |
| WYTV 1 | 33 (36) | 2007-2012 | ABC affiliate owned by Vaughan Media (Operated under a SSA by Media General) | |
| Portland, Oregon | KOIN | 6 (40) | 2007-2012 | CBS affiliate owned by Media General |
| Bend, Oregon | KBNZ-LD (satellite of KOIN) |
7 (7) | 2007-2010 | CBS affiliate owned by Zolo Media |
| Sioux Falls, South Dakota | KSFY-TV | 13 (13) | 1993-1995 | ABC affiliate owned by Gray Television |
| Aberdeen, South Dakota | KABY-TV (Satellite of KSFY) |
9 (9) | 1993-1995 | ABC affiliate owned by Gray Television |
| Pierre, South Dakota | KPRY-TV (Satellite of KSFY) |
4 (19) | 1993-1995 | ABC affiliate owned by Gray Television |
| Amarillo, Texas | KVII-TV | 7 (7) | 2002-2005 | ABC affiliate owned by Sinclair Broadcast Group |
| Clovis, New Mexico | KVIH-TV (satellite of KVII) |
12 (12) | 2002-2005 | ABC affiliate owned by Sinclair Broadcast Group |
Notes:
- 1 These stations were owned by PBC Broadcasting, LLC. These stations were operated by New Vision under local marketing agreements.
References
- ↑ Media General Press Releases
- ↑ Media General Completes Sale of WIAT-TV in Birmingham, Ala., and KIMT-TV in Mason City, Iowa, to New Vision Television
- ↑ Bend, Ore., CBS Affil to Launch - TVWeek - News