Why Skydance will sell CBS stations, but not all of them
TVREV’s Tim Hanlon reports that Skydance, carrying roughly $80 billion in net debt after closing the Warner Bros. Discovery deal, is positioned to become a net seller of CBS’s local stations while protecting major-market O&Os and profitable duopolies like Los Angeles’s KCBS-KCAL.
Why it matters. Buyers with existing local clusters stand to gain leverage over Skydance in negotiating for the stations it decides to shed, such as Seattle’s KSTW or Tampa’s WTOG.
Signal from TVREV · Tim Hanlon · read the original.
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