Local News

Friday, Nov 17 2006 09:24 PM

3 local TV stations for sale

BY DANIELLE C. BELTON, Californian staff writer

e-mail: dbelton@bakersfield.com

Three local television stations are up for sale as part of the Clear Channel Communications buyout, it was announced Thursday.

Teri Riley, vice president and general manager for NBC affiliate KGET 17, KWFB The CW and KKEY Telemundo 11, said all three are among the 42 TV stations Clear Channel has put up for sale, currently as a whole.

KGET operates CW as a substation.

Riley said the stations have not sold yet and may or may not be broken up for sale individually.

"Out of 42 stations, we're considered to be one of the premiere stations," Riley said.

"We're pretty comfortable here."

Riley says there has been a lot of speculation lately about who the station's new owners may be.

She speculated that something more concrete may take place in the next week or two.

Until then Riley said her staff will "sit back and see who the new owners will be."

The Clear Channel buy-and-sell frenzy is all part of the company's agreement to be purchased by a group of private equity firms for $18.7 billion.

Clear Channel is also selling 448 of its 1,150 radio stations, but this sale doesn't affect the six stations Clear Channel owns in Bakersfield.

"(The company) going private doesn't affect anybody in Bakersfield," said Jim Bell, vice president and general manager of Clear Channel Radio in Bakersfield.

Bell said Clear Channel's sale of radio stations mainly affected only those stations in small markets.

"The TV division and the 448 radio stations that are leaving the company account for a little less than 10 percent of our revenue," he said.

"The company's not changing a lot unless you live in Colorado, Montana or any smaller market."

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