Ackerley Group
The Ackerley Group was an American media company that owned several television stations (mainly in New York State, California, as well as one in Fairbanks) that was sold to Clear Channel Communications[1] in 2001. In addition to ownership of television stations across the country, the company also owned and operated several radio stations in the Seattle, WA market. The company also owned the NBA Seattle SuperSonics and WNBA Seattle Storm professional basketball teams.
At the time of the closure of the transaction, the sale price was reported to be 38 times cashflow (approximately $1.1B USD) the highest ever sale valuation for a North American publicly traded media company in the history of the NYSE. The record setting high price tag was attributed to the overwhelming market monopoly position of the Ackerley Group's Out of Home Media (billboards) marketplace in the Washington, Oregon, Massachusetts and South Florida media markets, all areas where Clear Channel was devoid of inventory. Its chairman was Seattle-based businessman Barry Ackerley. Barry Ackerley and his immediate family owned approximately 82% of the company stock at the time of the sale.
Stations list (incomplete)
| City of License / Market | Station | Channel TV (RF) |
Years Owned | Current Ownership Status |
|---|---|---|---|---|
| Fairbanks, Alaska | KTVF | 11 (26) | 1999-2002 | NBC affiliate owned by Chena Broadcasting, LLC (Operated through a LMA by Tanara Valley Broadcasting Company) |
| Bakersfield, California | KGET-TV | 17 (25) | 1984-2002 | NBC affiliate owned by Nexstar Broadcasting Group |
| Eureka, California | KVIQ | 6 (now 17 (17)) |
1999-2002 | CBS affiliate owned by Northwest Broadcasting |
| Fresno, California | KJEO/KGPE | 47 (34) | 2000-2002 | CBS affiliate owned by Nexstar Broadcasting Group |
| Salinas - Monterey | KCBA | 35 (13) | 1986-2000 1 | Fox affiliate owned by Seal Rock Broadcasters, LLC (Operated through a LMA by Entravision Communications) |
| KION | 46 (32) | 2000-2002 2 | CBS affiliate owned by News-Press & Gazette Company | |
| Santa Maria - Santa Barbara - San Luis Obispo | KCOY-TV | 12 (19) | 1999-2002 | CBS affiliate owned by VistaWest Media, LLC (Operated through a LMA by News-Press & Gazette Company) |
| Santa Rosa - San Francisco - Oakland | KFTY | 50 (32) | 1996-2002 | Azteca América affiliate, KEMO-TV, owned by Una Vez Más Holdings, LLC |
| Colorado Springs - Pueblo, Colorado | KKTV | 11 (49) | 1983-1999 | CBS affiliate owned by Gray Television |
| Binghamton, New York | WIVT | 34 (34) | 1997-2002 | ABC affiliate owned by Nexstar Broadcasting Group |
| WBGH-LP/CA | 20 | 2000-2002 | NBC affiliate owned by Nexstar Broadcasting Group | |
| Elmira, New York | WETM-TV | 18 (18) | 3 | NBC affiliate owned by Nexstar Broadcasting Group |
| Rochester, New York | WOKR | 13 (13) | 1999-2002 | ABC affiliate, WHAM-TV, owned by Deerfield Media (Operated through a LMA by Sinclair Broadcast Group) |
| Syracuse, New York | WIXT-TV | 9 (17) | 1982-2002 | ABC affiliate, WSYR-TV, owned by Nexstar Broadcasting Group |
| Utica, New York | WUTR | 20 (30) | 1997-2002 | ABC affiliate owned by Mission Broadcasting (Operated through a LMA by Nexstar Broadcasting Group) |
| Watertown, New York | WWTI | 50 (21) | 2000-2002 | ABC affiliate owned by Nexstar Broadcasting Group |
| Eugene - Springfield, Oregon | KMTR | 16 (17) | 1999-2002 | NBC affiliate owned by Roberts Media, LLC (Operated through a LMA by Sinclair Broadcast Group) |
| Bellingham, Washington-Vancouver, British Columbia (Bellingham is nominally in the Seattle market) |
KVOS-TV | 12 (35) | 1987-2002 | MeTV affiliate owned by OTA Broadcasting, LLC |
Notes:
- 1 Divested following purchase of KION, Ackerley continued to operate station after divestiture until the merger with Clear Channel in 2002.
- 2 Operated by Ackerley from 1994 until purchased outright by Ackerley in 2000.
- 3 Ackerley never owned this station directly but did operate it through a time brokerage agreement from 2000 until the merger with Clear Channel in 2002.