Showing posts with label Tribune Media. Show all posts
Showing posts with label Tribune Media. Show all posts

Monday, May 08, 2017

Underground could be looking for a new network soon

There could be some bad short-term news for fans of the WGN America show Underground. The show which is popular with African American audiences could be looking for a new network soon due to the recent sale of WGN's parent company, Tribune Media to Sinclair Broadcast Group.

From Variety.Com:

Sinclair Broadcast Group CEO Chris Ripley didn’t mince words: WGN America’s programming focus will be very different once Sinclair’s $3.9 billion acquisition of Tribune Media is completed.

The Baltimore-based station owner has great ambition for using the heft of its expanded national footprint to launch new businesses, potentially even an MVPD-like bundle of channels, but high-end scripted originals will no longer be a priority if Sinclair and Tribune secure federal approval to tie the knot.

Ripley told Wall Street analysts Monday that WGN America’s ratings cannot support the channel’s current level of spending on original series. Sinclair’s focus will be on “repositioning WGN America for profitable growth.” Ripley noted that WGN America already had begun paring back under the direction of interim Tribune CEO Peter Kerns, emphasizing lower-cost originals and acquired series.

“The ratings WGN America (delivers) doesn’t justify the type of spending they do on the original programming side,” Ripley said. “The channel could be run much more profitably on a fraction of what they spend on programming.”

Ripley didn’t name specific shows but his remarks left no doubt the WGN America will back away from scripted dramas, a field it moved into aggressively under previous CEO Peter Liguori. Liguori left the company in March after four years at the helm.

“Underground,” WGN America’s top original series, has drawn critical acclaim and a respectable audience, by WGN America standards. The historical drama wraps its second season on Wednesday. It’s likely that producer Sony Pictures Television will look to find a new home for “Underground.”