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.
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.”
Tuesday, May 09, 2017
This purchase of Tribune Media by Sinclair is going to be very bad for original programming on WGN-TV. This is from today's Variety...