Episode Transcript
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Speaker 1 (00:00):
That's a lot of money to pay for a TV station.
Speaker 2 (00:01):
Yeah, media landscape in Indianapolis changing, isn't it?
Speaker 3 (00:04):
Eighty three million dollar deal?
Speaker 1 (00:07):
This is like wild? Yeah that the folks who own
wish TV, who has our news gathering partner, have announced
that they have purchased WRTV six, which is the ABC
affiliate has been for I think my entire life here
in Indianapolis, for a staggering eighty three million.
Speaker 3 (00:31):
Dollars strategic investment.
Speaker 2 (00:33):
It looks like because with WRTV now, Circle City is
going to gain access to all the ABC programming, which
includes the NBA WNBA and some college football broadcasts.
Speaker 1 (00:46):
And it's fascinating. Now I'm very excited because I just
expect to see the our friend Phil Sanchez on all
the newscasts all the time.
Speaker 2 (00:54):
Now.
Speaker 1 (00:54):
Yeah, he's the anchor for wish TV, and now we
can just see him simulcast on ABC and look forward
to just all fill all the time on all my
television channels. Yeah. But it's fascinating because when I was
a kid growing up until what I don't know, maybe
it's ten years ago, at Camera Hung and Ben, wish
TV was the CBS affiliate and then ultimately they ended
(01:17):
over ended up flipping over to was TTV four when
I was a kid channel Channel four, CBS four as
it's called now, which is owned by the same people
owned Fox fifty nine. And so now NAWAN, who owns
Circle City Broadcasting is the company's name, right, was gonna
get another cracket owning owning in a network affiliate In
(01:41):
terms of being with ABC. It is interesting too, how
now you're gonna have how television in this city is
sort of mirroring radio in which a couple of companies
are owning the majority of the properties. Right, You've got
CBS and four and Fox fifty nine owned by the
same people. You'll have wish TV and WRTV owned by
(02:02):
the same people. So you're really sort of seeing the
same thing in our business now happening over in television.
Speaker 2 (02:07):
So this acquisition is going to add WRTV two Circle
City's existing lineup. As you mentioned, they have wish TV,
they also have my INDIETV twenty three and Circulus Digital Media.
And they say that this is going to strengthen their
local media presence and enhance the value to the viewer
and their advertisers. And you got to wonder WRTV has
(02:30):
that building, which is on Meridian Street in Indianapolis now
is we're going to move over there.
Speaker 1 (02:35):
And it is fascinating and this is more your world
because you were on television for years. But whenever these
purchases happen, the immediate responses, well, how's it going to
affect the employees?
Speaker 2 (02:48):
Right, how's this affect me? That's everyone's first response with anything.
Speaker 1 (02:52):
Sure, And so when Urban One bought WIBC, we were
chuckling because all the people said, well, that's it for WIBC,
They're done. Get ready for it to be uh, you know,
Spanish come one day. And we were like, yeah, these
guys like money, and we make a lot of money.
I think we'll be fine and to it. And not
only in fine.
Speaker 2 (03:13):
We.
Speaker 1 (03:15):
Love working for these guys. And from the extent of
we never hear from them, they're like, just keep the
ratings high, in the revenue flow and you'll be just fine.
Speaker 3 (03:23):
Because money, it's pretty good agreement.
Speaker 1 (03:24):
Money is the universal language, right, that is that? So
it will be fascinating to see what changes though come
to WRTV, because let's face it, you're sort of bound
and again you can correct me if I'm wrong on this.
TV's your your area of expertise, but you're sort of
bound by certain programming, right like you're ABC.
Speaker 2 (03:43):
Well, sure, there's obviously the syndicated contracts, and many times
those contracts will say you have to air this program
within a certain amount of time. I don't foresee a
whole lot of changes in regards to.
Speaker 1 (03:56):
That, right. So that's where I come to, how much
can you actually tinker the network affiliate in terms of
you know, you can't quote unquote flip the format per se. No,
So is it really unlike radio or you came and
do basically whatever you want to do with it? It
almost is, And I think it was alluded to this
Presley's it's really strengthening the brand itself. Right now, I
(04:22):
have this other mega property to put with what I
had before, and you know, you probably will be able
to overlap certain you know, certain services overlap. You'll be
able to condense those save you know, a few dollars here,
a few dollars there. But I don't think you're going
to see some wholesale change to WRTV six.
Speaker 2 (04:39):
No. I doubt that what they might be able to
do is if they had to preempt certain programming, they
could put it on the other station. More than anything,
what I would gather has happen is because they'll have
more synergy there, they'll get rid of redundancies, and oftentimes
that affects the non.
Speaker 3 (04:59):
On air apartments.
Speaker 2 (05:00):
Yeah, more like you know, the collections department or possibly
the the HR department, because they won't need multiple people
when one person could do the job.
Speaker 1 (05:13):
Yeah, you know, this is what I figured out in
this business. It took me a while to figure it out.
What do you call it? The peda level? Yeah, pain
in the ass level. Oh you said it, Well you
can say that. I'm still problem with that.
Speaker 3 (05:24):
Yeah, your your PEDA level should never be higher than
your worth.
Speaker 1 (05:27):
Yeah, the the and and uh, I'm the best example
of this right pretty much. I have a like, I'm
very high on the on the amount of drama I
cause for the the the or cohubs. Well, I was
gonna say the muckety box here, you know, the bit
the big timer. But I bring a lot of good
qualities to this station too, and that you like, you
(05:48):
accept that when you bring someone like me on board,
You're like, Okay, we're there's a lot of complaint phone
calls about this guy, but we also get a lot
of traction, a lot of attention because of this guy.
And I never do anything that would be untoward in
terms of the rules and regulations by which we are
forced to play by here, and the drama I bring
is just mostly telling politicians exactly what I think of
(06:11):
them and them not not like but same thing.
Speaker 2 (06:13):
As long as our listeners engage enough, it makes you
worth it.
Speaker 1 (06:17):
And television, while like being the nightly newscaster is a
different game, it's sort of the same thing, right, Like, Okay,
I got a pay X, but we get why based
on people tuning in because this person does a good
job doing the news or the reporting or the weather
or whatever it might be. And so you're saying, the staffing,
the way they do things really ain't all that much different.
Speaker 3 (06:38):
No, probably not.
Speaker 1 (06:39):
We get to have more fun here, though. Radio is
more fun than television.
Speaker 2 (06:42):
I actually I watched WRTV in the morning. That's my
station that I put on in the morning because.
Speaker 3 (06:49):
They're anchor Kendall cousin Kendall. Kendall's all around all the time.
Speaker 1 (06:56):
Yeah, you know, it's funny. When I started here, wish
WRTV was our news gathering partner. They worked with WRTV before.
I don't know, it's been several years now. We ended
up partnering over with WISH and so now maybe we'll
all be one big, happy family.
Speaker 3 (07:09):
Well that's a decision for someone above our pay grade.
Speaker 1 (07:11):
Is that's right. I don't want to ever get paid
to make any decisions, ever get