Ok so there were rumors this morning a press release at about 1:30pm and for enough time to call a meeting, our interim GM made the announcement to the station at about 4PM.
Well here is the release:
Piedmont Television Holdings Announces Sale of WAAY-TV to Huntsville Broadcast CorporationCharlotte, NC - (September 26, 2006) Piedmont Television Holdings and Huntsville Broadcast Corporation, a subsidiary of Southern Broadcast Corporation of Sarasota, announced today that they have signed a definitive agreement under which Huntsville Broadcast Corporation will purchase the assets of ABC television station WAAY in Huntsville, Alabama. The transaction is subject to regulatory approvals and is expected to be completed in the first quarter of 2007.
Paul Brissette, Piedmont Television's CEO, said, "This is a great opportunity for WAAY to continue its success in Huntsville. We are fortunate that we were able to find such an ideal buyer in Huntsville Broadcast Corporation given its tradition of community involvement, stewardship and commitment to the highest quality broadcast standards."
"All of us at Huntsville Broadcast Corporation are looking forward to becoming contributing members of the Huntsville, Decatur and Florence communities," said, J. Manuel Calvo, President of Huntsville Broadcast Corporation. "This acquisition is an important strategic fit for us. Bringing on a third ABC affiliate gives us tremendous ability to maximize the strength our network affiliation brings. WAAY is an excellent television station with tremendous local presence, highly skilled employees and a high quality news product. We look forward to the opportunity to become the new owners of this station."
Aside from WAAY, Southern Broadcast Corporation of Sarasota owns WWSB, the ABC affiliate in Sarasota, Florida as well as WTXL, the ABC affiliate in Tallahassee, Florida.
Wachovia Securities acted as advisor to Piedmont Television Holdings in the transaction.
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So it means that the past couple weeks/month? that they have been building "Huntsville Broadcast Corporation" and have a president and all aready in place...it also means that until the FCC approval goes through they will most likely be silently working...building a new building? (that's the rumor..we're getting a new place "if they buy us"...well the one part is taken care of...). Anyway I'll keep posted...looks like no change for at least 3 months while FCC approval goes through.
I don't remember if I've written that TW (Sports Director) will become our new morning anchor and Mikely (repoter/Sunday anchor/producer) will be leaving for a PR position at Hunstville Hospital.
More pics from DC soon too...just too much going on right now..FishFest06 was GREAT!!! WOW very smooth..not problem free but nothing devistating.
Ok so now back to work