OH damn Youngstown is the new Erie PA:http://www.business-journal.com/
New Owners of WYTV, WKBN/WYFX
On Track to Consolidate Operations
Feb. 7, 2007 4:02 p.m.
By Andrea Wood
YOUNGSTOWN, Ohio - The company that is acquiring WYTV is closely affiliated with the company that is acquiring WKBN-TV and its sister station WYFX - and that association likely will mean a sharing of broadcast operations that could drastically alter the way all three stations do business. [MORE]
WYTV Sold to Los Angeles Start-up
Feb. 6, 2007 4:59 p.m.
By Andrea Wood
YOUNGSTOWN, Ohio - WYTV is being sold to a newly formed broadcasting company based in Los Angeles, station management announced Monday afternoon during a staff meeting.
The acqusition by Parkin Broadcasting LLC is a purchase of the assets of Chelsey Broadcasting Co. of Youngstown LLC, which consists of Channel 33, an ABC affiliate, and a contract to broadcast MyNetwork. [MORE]http://www.vindy.com/content/busines...8522359289.php
LA company signs deal to buy WYTV
The buyer has been working with Internet-related ventures.
By DON SHILLING
VINDICATOR BUSINESS EDITOR
YOUNGSTOWN WYTV Channel 33 is being sold to a newly formed broadcasting company based in Los Angeles.
The Youngstown-based station will become the platform for "ideas to marry new media, such as the Internet, with television," Todd Parkin, chairman and chief executive of Parkin Broadcasting, said in a news release.
His company signed an agreement Monday to buy the station from Chelsey Broadcasting, which is owned by New York investors. The deal must be approved by the Federal Communications Commission and is expected to be completed in the second quarter of this year.
The purchase price was not disclosed.
The release said Parkin has spent the past four years developing and consulting on Internet-related ventures. Parkin and his staff have focused on streaming media and mobile content.
Dave Trabert, WYTV general manager, said he's excited that the station will be affiliated with a company with experience in such areas.
"Everything is moving to the Internet," he said.
He said he wasn't sure why Parkin selected WYTV as its first station, adding that Chelsey had not been trying to sell the station. Chelsey acquired the station in 2002.
Parkin could not be reached to comment.
Trabert met with his staff of about 70 Tuesday and afterward said no changes are expected immediately.
"It's business as usual," he said.
He said he signed a two-year employment contract with Chelsey last month and expects to remain with the new company.
Trabert noted that WYTV has tried to be progressive as it has added the capability to send its signal digitally.
It has added MyYTV, which provides local programming. It is available over the air at 33.2 on digital receivers and on local cable lineups.
It also created a 24-hour local weather station at 33.3. He said he has been talking with local cable operators about picking up that station as well.
Digital broadcasting allows stations to broadcast more than one station without having to receive separate government licenses.