 | |
| Company type | Private |
|---|---|
| Industry | Media |
| Predecessor | 7stations owned byCBS Corp. |
| Founded | 2007; 18 years ago (2007) |
| Defunct | January 1, 2012 (2012-01-01) |
| Fate | Acquired bySinclair |
| Successor | Sinclair Broadcast Group |
Key people | |
| Services | Broadcast television |
| Owner | Cerberus Capital Management |
Four Points Media Group LLC was aholding company owned byCerberus Capital Management, established in 2007 to serve as a buyer for 7television stations formerly owned byCBS Corporation.
The company took over the day-to-day operations of the stations vialocal marketing agreements on June 25. The acquisition of the stations was grantedFCC approval on November 21, 2007, and closed on January 10, 2008.[1]
KUTV, theCBS affiliate inSalt Lake City, served as the master-control hub facility for Four Points' stations. As such, it served as the "flagship" station of the group.KEYE-TV inAustin, Texas, the other CBS affiliate owned by Four Points, was the only station not controlled by the KUTV hub facility.
On March 20, 2009, Four Points reached an agreement withNexstar Broadcasting Group to take over operations of the stations throughlocal service agreements (LSAs).[2]
On September 8, 2011,Sinclair Broadcast Group announced its intent to purchase Four Points Media Group from Cerberus Capital Management for $200 million. Sinclair began managing the stations in October 2011 through time brokerage agreements and would supply working capital to the stations in consideration of service fees and performance incentives through the LMAs, prior to closing of the acquisition.[3] The deal was approved by theFederal Communications Commission (FCC) on December 21, and closed on January 1, 2012.[4]
| Media market | State | Station | Purchased | Sold |
|---|---|---|---|---|
| West Palm Beach | Florida | WTVX | 2008 | 2012 |
| WTCN-CA | 2008 | 2012 | ||
| WWHB-CA | 2008 | 2012 | ||
| Providence | Rhode Island | WLWC | 2008 | 2012 |
| Austin | Texas | KEYE-TV | 2008 | 2012 |
| Salt Lake City | Utah | KUTV | 2008 | 2012 |
| KMYU | 2008 | 2012 |
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** Owned by third parties and operated by Sinclair through various operating agreements. *** Owned by Sinclair and operated byMarquee Broadcasting. JV Joint venture. | ||||||||||||||||||
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