×
You will be redirected back to your article in seconds

Combined to sell WGBO-TV to Univision network

Combined Broadcasting has reached an agreement to sell Chicago indie WGBO-TV to the Spanish-language Univision network, sources said.

WGBO is significant because Warner Bros., which is seeking to form a fifth network, has a commitment from Tribune-owned WGN-TV in Chicago to carry the weblet only until it interferes with the station’s sports commitments. That should take two or three years.

Paramount and Chris-Craft’s rival fifth network has already captured the market’s only other available independent station, the powerful WPWR.

It could not be determined if Univision would establish a Spanish-language format on WGBO or continue to broadcast in English for at least part of the day.

If WGBO goes all-Spanish, it would leave WB without a broadcast outlet in the nation’s third-largest market. The weblet would have to work out some sort of long-term relationship with WGN, whose parent company Tribune has an option to buy into the WB Network later, or find a cable alternative.

WGN plans to send out a superstation feed of the WB network nationally to give it cable penetration in markets where it has no broadcast coverage.

WGBO management informed staffers of the sale at a staff meeting Friday, with sources saying that Univision is set to take control of the weak indie in January 1995.

WGBO general manager Randy Swanson failed to return calls Friday and Univision officials could not be reached for comment.

Prior to its weblet relationship with Par, Chris-Craft had negotiated to buy WGBO and Combined’s Miami station, WBFS. Chris-Craft’s talks with Combined collapsed, however, and now Renaissance Communications is looking to buy the Miami station from Combined.

Renaissance, incidentally, already operates WDZL in the Miami market, which had initially committed to WB and later switched allegiances to Par/Chris-Craft. Renaissance owner Michael Finkelstein has adamantly denied rumors that he changed sides after Chris-Craft threatened to buy the Combined station.

More TV

  • James Holzhauer $2 million

    'Jeopardy!' Champion James Holzhauer Hits $2 Million Winnings Milestone

    This current “Jeopardy!” player has just won over $2 million on the popular game show. Who is James Holzhauer? The 34 year old professional sports gambler from Las Vegas has hit a “Jeopardy!” milestone by becoming only the second person in the show’s history to win over $2 million in regular season play. Holzhauer won [...]

  • Kanye West Shares a Memory of

    Kanye West Shares a Touching Memory of His Mother in Letterman Interview

    In a preview of David Letterman’s interview with Kanye West, which begins streaming next Friday, May 31, the musician’s wife Kim Kardashian West, tweeted a clip of him sharing a touching memory of his mother, Donda, who died in 2007 after a surgical procedure. While his wife looks on smiling, West answers Letterman’s question about [...]

  • CNN Lays Off Some Health Journalism

    CNN Lays Off Some Health Journalism Staffers

    CNN has laid off a handful of staffers from its health-journalism unit after deciding to place its health, climate and Southeastern newsgathering operations under a single aegis. ” As part of the normal course of business, our newsgathering team made a small restructure earlier this week that ultimately impacts 6-7 employees within CNN’s Health Unit,” [...]

  • Henry Ian Cusick

    'Lost' Star Henry Ian Cusick Signs With Buchwald (EXCLUSIVE)

    Henry Ian Cusick, best known for playing Desmond on the hit ABC series “Lost,” is signing with talent agency Buchwald for representation. Cusick also starred in the CW sci-fi/drama “The 100” and was most recently seen in the Fox series “The Passage.” His other notable television credits include “Scandal,” “24,” “Fringe,” “The Mentalist,” “Body of [...]

  • Bryan Cranston First Time in Variety

    Bryan Cranston on His Early Roles, Dealing With Rejection and His 'Erasable Mind'

    Following his 2014 Tony Award for best actor as President Lyndon B. Johnson in Robert Schenkkan’s play “All the Way,” Bryan Cranston is looking to add to his trophy collection this year with his performance as Howard Beale in “Network.” The deranged anchorman — who’s famously “mad as hell and not going to take this [...]

More From Our Brands

Access exclusive content