Graham Media Group Explained

Graham Media Group
Type:Subsidiary
Key People:Catherine Badalamente, president and CEO
Industry:Broadcast television
Parent:Graham Holdings Company
Location City:Detroit, MI
Location Country:USA

Graham Media Group (formerly Post-Newsweek Stations) is the television broadcasting subsidiary of the Graham Holdings Company. It is now headquartered in Detroit,[1] co-locating with its local NBC affiliate WDIV-TV, after spending 10 years in Chicago.[2]

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 Federal Communications Commission to sell its remaining interest in WTOP Inc. in 1954. The Post then merged its Washington stations with recently purchased WMBR-AM-TV in Jacksonville, Florida and changed the company's name to Post Stations, Inc. WMBR radio was later sold off (it is now WQOP); the Post then changed WMBR-TV's calls to WJXT. The company was rechristened as Post-Newsweek Stations, Inc. after the Post acquired Newsweek magazine in 1961. From 1961 to 1962, Post-Newsweek held 46% ownership with San Diego television station KFSD-TV (later KOGO-TV) with the investment firm of Fox, Wells & Rogers owning 54%. Post-Newsweek declined to acquire full ownership of KOGO-TV (now KGTV) and the venture ended when the station was sold to the broadcasting division of Time-Life in 1962.

Post-Newsweek made its first purchase in 1969, with the acquisitions of WCKY radio in Cincinnati and WLBW-TV in Miami; the TV outlet was renamed WPLG after the former Washington Post publisher Philip Graham, who committed suicide in 1963. WTOP-FM in Washington was donated to Howard University in 1971 and became WHUR-FM soon after. In 1974, the company added WTIC-TV in Hartford, Connecticut, changing its calls to WFSB upon taking over.

In the wake of a panic swap of WTOP-TV (now WUSA) to the (Detroit) Evening News Association for its WWJ-TV (now WDIV) in 1978, followed by the sale of both radio stations later in the year, the Post decided to spin off their broadcasting interests into a company of its own. The Post-Newsweek name itself would later spread to the Post-owned cable operations (now known as Cable One and a company identical in structure to Post-Newsweek Stations). During the 1970s and 1980s, the stations tended to have vaguely similar on-air looks, along with the common slogan "The One & Only Channel/TV (number)"; some of the stations continue to use this or a variant as a slogan.

In 1992, Post-Newsweek bought the now-defunct Detroit regional sports station PASS Sports from former Detroit Tigers owner and Domino's Pizza founder Tom Monaghan. On April 22, 1994, the Texas stations of H&C Communications, KPRC-TV in Houston and KSAT-TV in San Antonio were acquired. Three years later, the company traded WFSB to Meredith Corporation in exchange for WCPX-TV in Orlando, Florida.[3] In keeping with tradition of renaming stations after notable people within the Post family, WCPX became WKMG-TV in honor of Katharine Graham.

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.[4]

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,[5] and of the Washington Post to Jeff Bezos in October 2013,[6] after which the Washington Post Company was renamed Graham Holdings Company.[7] 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.[8]

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.[9] 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.[10] [11] [12] [13]

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.[14]

Stations

Stations are arranged in alphabetical order by state and city of license.

Current stations

City of license / MarketStationAffiliation
Jacksonville, FLWJXT4 (18) 1953 Independent
WCWJ17 (20) 2017 The CW
Orlando–Daytona BeachMelbourne, FLWKMG-TV6 (26) 1997 CBS
Detroit, MIWDIV-TV4 (32) 1978 NBC
Houston, TXKPRC-TV2 (35) 1994 NBC
San Antonio, TXKSAT-TV12 (12) 1994 ABC
RoanokeLynchburg, VAWSLS-TV10 (34) 2017 NBC

Former stations

Television

City of license / MarketStationCurrent status
San Diego, CAKFSD-TV/KOGO-TV10 (10) 1961–1962 ABC affiliate KGTV, owned by E. W. Scripps Company
HartfordNew Haven, CTWFSB3 (33) 1974–1997 CBS affiliate owned by Gray Television
Washington, D.C.WTOP-TV9 (9) 1950–1978 CBS affiliate WUSA, owned by Tegna Inc.
MiamiFort Lauderdale, FLWPLG10 (10) 1969–2014 ABC affiliate owned by BH Media

Radio

AM Station FM Station
City of license / MarketStationYears ownedCurrent status
Washington, D.C.WTOP 15001949–1978WFED, owned by Hubbard Broadcasting
WTOP-FM 96.31949–1971 WHUR-FM, donated to and owned by Howard University
Jacksonville, FLWMBR 14601953–1958 WQOP, owned by Relevant Radio, Inc.
Cincinnati, OHWCKY 15301969–1976 Owned by iHeartMedia

Notes and References

  1. Web site: Miller . Mark . 2022-03-09 . Graham Media Group Headquarters Returns To Detroit . 2022-06-08 . TV News Check . en.
  2. News: Emily Barr leaves ABC 7 on top — but doesn't go far. January 28, 2013. Time Out Chicago. May 8, 2012.
  3. Meredith Corporation to acquire Hartford Conn., television station
  4. News: Breaking News: Post Newsweek Backs Out of WTVJ Deal. 16 June 2012. SFL.tv.com. 23 December 2008.
  5. News: Frank. Ahrens. Harman Media buys Newsweek from Washington Post Co. for Undisclosed Amount. The Washington Post. August 3, 2010. 2 August 2010.
  6. News: The Washington Post closes sale to Amazon founder Jeff Bezos. Farhi. Paul. 1 October 2013. The Washington Post. 2 October 2013.
  7. Web site: Washington Post Co. Renamed Graham Holdings Company to Mark Sale of Newspaper . Wilgoren . Debbi . . November 18, 2013 . November 18, 2013.
  8. News: Washington Post's former TV arm changes name to Graham Media Group. July 28, 2014. Chicago Tribune. July 28, 2014.
  9. Web site: Warren Buffett Buys Post-Newsweek's WPLG. TVNewsCheck. 12 March 2014.
  10. https://licensing.fcc.gov/cgi-bin/ws.exe/prod/cdbs/forms/prod/cdbsmenu.hts?context=25&appn=101633366&formid=315&fac_num=53113 "Application For Consent To Transfer Control Of Entity Holding Broadcast Station Construction Permit Or License"
  11. http://licensing.fcc.gov/cgi-bin/ws.exe/prod/cdbs/forms/prod/prefill_and_display.pl?Application_id=1642663&Service=DT&Form_id=905&Facility_id=53113 Consummation Notice
  12. http://www.ghco.com/phoenix.zhtml?c=62487&p=irol-newsArticle&ID=1944087&highlight= Graham Holdings and Berkshire Hathaway Complete Deal for Berkshire Hathaway to Acquire WPLG-TV
  13. https://licensing.fcc.gov/cdbs/CDBS_Attachment/getattachment.jsp?appn=101641893&qnum=5060&copynum=1&exhcnum=2 "Exhibit 7 - Exchange Agreement"
  14. Web site: Nexstar Selling Five Stations in Four Markets. TVNewsCheck. May 27, 2016.