You will be redirected back to your article in seconds

RENAISSANCE PULLS SILVER LINING FROM CLOUDY WEEK

It was not a great week for Renaissance Communications.

First Renaissance saw its deal to buy Outlet Communications for $360 million blown out of the water by NBC’s $397 million bid. Then a Delaware Court threw out Renaissance’s suit protesting NBC’s move and accusing the Peacock web of illegal activities in its late bid for Outlet.

But the week wasn’t a total loss. Sources said NBC paid Renaissance $6.5 million for all the trouble they caused. And now Renaissance is free to go after other properties, including Disney-owned KCAL which may have to be sold as part of the Disney-ABC merger.

For NBC, the acquisition of Outlet – which owns NBC affiliates WCMH Columbus, Ohio, and WJAR Providence, R.I.; and WNCN Raleigh-Durham, which becomes an NBC affiliate this fall – gives the network nine TV stations reaching almost 24% of the country. Outlet also operates Warner Bros, network affiliate WWHO Chillicothe, Ohio, under a local marketing agreement.

Although the stations are all top-50 market affiliates, they are closer to No.50 than they are to No.1, which had some wondering why NBC pursued the stations so aggressively.

One theory was that the Peacock web was concerned that Renaissance, which owns several Fox affiliates, would consider switching at least one of the stations to the weblet.

More TV

  • The Bachelor - ÒEpisode 2202Ó Ð

    'The Bachelor' Women, Arie Luyendyk Jr. Talk 'Women Tell All' and Next 'Bachelorette'

    It was not a great week for Renaissance Communications. First Renaissance saw its deal to buy Outlet Communications for $360 million blown out of the water by NBC’s $397 million bid. Then a Delaware Court threw out Renaissance’s suit protesting NBC’s move and accusing the Peacock web of illegal activities in its late bid for […]

  • Britain’s Cake Teams With Studio Moshi,

    Britain’s Cake Teams With Studio Moshi, Mexico’s Anima on Animated Series

    It was not a great week for Renaissance Communications. First Renaissance saw its deal to buy Outlet Communications for $360 million blown out of the water by NBC’s $397 million bid. Then a Delaware Court threw out Renaissance’s suit protesting NBC’s move and accusing the Peacock web of illegal activities in its late bid for […]

  • MBC Preps South Korean Version of

    South Korea’s MBC Greenlights Local Version of Idris Elba Cop Series ‘Luther’

    It was not a great week for Renaissance Communications. First Renaissance saw its deal to buy Outlet Communications for $360 million blown out of the water by NBC’s $397 million bid. Then a Delaware Court threw out Renaissance’s suit protesting NBC’s move and accusing the Peacock web of illegal activities in its late bid for […]

  • James Lachlan and Rupert Murdoch

    Fox Offers Revised Sky News Commitment to British Competition Watchdog

    It was not a great week for Renaissance Communications. First Renaissance saw its deal to buy Outlet Communications for $360 million blown out of the water by NBC’s $397 million bid. Then a Delaware Court threw out Renaissance’s suit protesting NBC’s move and accusing the Peacock web of illegal activities in its late bid for […]

  • Ricky Gervais The Office.jpg

    BBC Worldwide Sets Up 'The Office' in India

    It was not a great week for Renaissance Communications. First Renaissance saw its deal to buy Outlet Communications for $360 million blown out of the water by NBC’s $397 million bid. Then a Delaware Court threw out Renaissance’s suit protesting NBC’s move and accusing the Peacock web of illegal activities in its late bid for […]

  • Berlin Facetime: Actor Volker Bruch of

    Berlin Facetime: Actor Volker Bruch of 'Babylon Berlin'

    It was not a great week for Renaissance Communications. First Renaissance saw its deal to buy Outlet Communications for $360 million blown out of the water by NBC’s $397 million bid. Then a Delaware Court threw out Renaissance’s suit protesting NBC’s move and accusing the Peacock web of illegal activities in its late bid for […]

  • First Look: 'Das Boot' Setting Sail

    First Look: 'Das Boot' Series Setting Sail

    It was not a great week for Renaissance Communications. First Renaissance saw its deal to buy Outlet Communications for $360 million blown out of the water by NBC’s $397 million bid. Then a Delaware Court threw out Renaissance’s suit protesting NBC’s move and accusing the Peacock web of illegal activities in its late bid for […]

More From Our Brands

Access exclusive content