Clear Channel announced the sale of it's television division for $1.1 billion Friday, ending months of guessing while the deal was in limbo. Even though we don't really get into TV-related news here, we're reporting it because there's a lack of radio news the past couple of days, and it is somewhat related to CNY Radio.
The deal means Syracuse's WSYR-AM and WSYR-TV (the latter of which changed call letters in 2005 to match its radio counterpart) will no longer be huddled underneath the same corporate umbrella. The separation may not be obvious to viewers though; the radio station stopped using Channel 9's news music and voice announcer several months ago, shortly after Clear Channel put the "For Sale" sign on its TV division.
Its unclear how the sale to Newport Television will affect certain relationships between Channel 9 and the Clear Channel radio cluster -- for example, B104.7's Ron & Becky appear twice a week on Channel 9's morning newscast, while Channel 9's meteorologists provide forecasts to the radio cluster. (Our neighbors to the west will likely be asking the similar questions, as Rochester's WHAM-AM 1180 and WHAM-TV 13 are in a similar situation.)
One thing is for sure -- the TV sale allows Clear Channel to focus on the privatization of the rest of the company, a deal valued at $20 billion. Even though Clear Channel had insisted the TV sale could still happen even if the "bigger" deal happened first, that route would have required the FCC to re-evaluate and re-approve the TV sale.