Young Broadcasting has closed its deal with Chronicle Publishing to pick up KRON San Francisco.
The broadcaster has also named Paul “Dino” Dinovitz veepee and general manager of both KRON and Bay TV, of which Young owns 51%.
KRON has served as ground zero in the ongoing battles over affiliate compensation.
Young earlier announced it would drop KRON’s affiliation with NBC at the end of 2001 after the Peacock demanded a number of concessions from the new owner (including reverse compensation payments of about $10 million a year).
As a result, Young plans to operate KRON as an independent at the end of next year. (Cross-town KNTV will pay the Peacock $362 million for a 10-year contract with the network.)
Young’s tussle with NBC led some analysts to question whether the company’s deal to acquire the station from Chronicle Publishing would go through.
“I don’t think any of that was ever accurate,” said Young Broadcasting chair Vincent Young. “I know the Chronicle folks were intent upon closing with us.”
Hoping for closure
Chronicle was hoping to finalize its deal to sell the San Francisco Chronicle newspaper to Hearst, but that controversial sale has been slowed because of outside concerns.
“Finally they decided they’d rather get the TV station deal closed and over with,” Young said. “It’s so exciting for us; it’s rare in this business that a station of KRON’s quality comes on the market.”
Dinovitz will move to KRON from Hearst-Argyle’s KCRA/KQCA Sacramento, where he served as prez/G.M. Previously, he was G.M. at KMBC/KCWB Kansas City and WTVN Columbus, Ohio.
Young also noted that Dinovitz has experience operating an independent TV station.