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St. Louis Post-Dispatch from St. Louis, Missouri • Page 55

Location:
St. Louis, Missouri
Issue Date:
Page:
55
Extracted Article Text (OCR)

ST. LOUIS POST-DISPATCH BUSINESS 3E TV Perelman SUNDAY, MAY 29,1994 KTVI Channel 2 AFFILIATION: ABC OWNERSHIP: Argyle Television Holding based in San Antonio, bought KTVI and three other stations last July from Times-Mirror Co. for $335 million. New World Communications Group paid $1 00 million last week for an option to buy Argyle's stations next year; the price would be $61 6 million. KMOV Channel 4 AFFILIATION: CBS OWNERSHIP: Viacom Inc.

is the media giant that just bought Paramount Communications for about $10 billion after a 1 980s-style takeover battle. The combination owns 12 TV stations, giant TV and movie studios and libraries, eight major cable channels, several cable systems, theme parks, movie theaters, radio stations and publishing houses. Viacom is based in Boston. KSDK Channel 5 AFFILIATION: NBC OWNERSHIP: Multi Media Inc. of Greenville, S.C., owns five TV stations.

It produces the Phil Donahue, Sally Jesse Raphael and Rush Limbaugh TV talk shows. It owns cable TV operations in Kansas, Oklahoma and suburban Chicago along with 1 1 daily newspapers and more than 40 non-dailies. KPLR Channel 11 AFFILIATION: Plans to join the new WB Network OWNERSHIP: Koplar Enterprises. The company is headed by Edward J. Koplar, whose father founded the station in 1958.

KDNL Channel 30 AFFILIATION: Fox OWNERSHIP: River City Broacasting of St. Louis. This fast-growing company, headed by chief executive Barry Baker, owns five TV stations in the Midwest, and operates St. Louis radio stations KPNT and WFXB. The company is buying four TV and three radio stations, doubling its revenue to $200 million.

From page one Steve Roberts, owner of WHSL Channel 46, thinks his station could attract ABC. Its signal reaches 10 to 15 miles farther than other channels due in part to its high antenna, he said. The station carries a home-shopping network and has a small viewership. But Roberts says he's gotten feelers since the ABC switch was announced. "Inquiries have been made.

We've been contacted by parties," he said. He declined to be more specific. Michael Kupinski, broadcast analyst for A.G. Edwards Sons, thinks Channel 30 has the inside track, despite its UHF position. "Barry Baker is a good station operator," Kupinski said.

KDNL also plans to start a local news operation next year, he noted. Networks rely on local news to carry viewers into their prime-time and late-night shows. As for KTVI, station manager Ken MacQueen says it will "definitely" keep its news operation after the switch to Fox. Last week he offered staff members bonuses if they stay on the job until the station changes hands. FCC rules forbid anyone from owning more than 12 TV stations.

So the networks depend on hundreds of independently owned stations to distribute their signals. The networks own no stations in St. Louis. Except for KDNL, the network affiliates are owned by chains based in Boston, San Antonio, and South Carolina. xThe multi-city ownership complicates the guessing game over where ABC might land.

Deals involving sever- al stations in different cities are possible. Adding to the pandemonium is the expected arrival of From page one Network executives and industry observers are calling the affiliation swap one of the most significant developments in the history of the medium, likely to change the competitive landscape of network television. The stunning deal was personally negotiated over the last two weeks by Perelman, who is New World's chairman and principal shareholder, and Rupert Murdoch, chairman of Fox. But the Fox deal was just another day at the office for Perelman, a seasoned Wall Street predator who made billions in the '80s buying and selling companies, including his current crown jewel, Revlon. The list of companies Perelman has bought, and sold, is impressive: Coleman Outdoor Products, Marvel Entertainment, National Health Labs, Consolidated Cigar and SCI Television.

You don't get as rich as Perelman by being anybody's fool. Indeed, in a profile of Perelman late last year, New York magazine said he has earned a reputation on Wall Street, somewhat unfairly, as "an arrogant, ruthless, greedy vulgarian." But fellow tycoon Barry Diller, owner of cable's QVC channel, is kinder saying, "If he's not a natural businessman, then I don't know who is," Diller said. "I don't know anybody more effective at achieving what he wants in business." Despite his business conquests, New Yorkers are just as likely to read about Perelman in the gossip columns as the business pages. He is said to keep his distance from the hoity-toitiest of New York society, but he is a regular on the charity dinner and movie-opening circuit. Argyle bought the stations last year for $335 million.

But New World is paying more than $600 million. Channel 24, owned by the New Life Evangelical Center, plans to stay above the network fray. The station, which sells little advertising, offers "inspirational" programming and family-oriented reruns. Rev. Larry Rice says he plans to keep the station independent, but he expects to reap some benefits from the fight.

The shifts and additional networks should let him land more reruns that are now on other stations. two new networks, run by Time Warner and Paramount. Those networks plan slow roll-outs beginning next year. Time Warner's WB Network plans to broadcast only two hours, one day a week to begin with. But eventually, Baker notes, six networks could be seeking alliances with the five St.

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