River City Broadcasting

Overview

The firm was formed in 1989 as a partnership between Barry Baker and Larry Marcus, both former executives of Koplar Communications in St. Louis who had unsuccessfully tried to buy Koplar's KPLR-TV there. Through a series of acquisitions between 1989 and 1995, River City amassed eight television stations and 29 radio stations in a total of 15 medium-sized markets, but most notably, in 1994, it bought out three network-affiliated TV stations and another four radio stations that were owned by Continental Broadcasting, formerly Anchor Media, including KOVR, WLOS, and WSYX. In the summer of 1994, River City and ABC reached an agreement to renew its existing contracts in Columbus and Asheville, while agreeing to affiliate its flagship at that time, and lame duck Fox affiliate KDNL-TV in St. Louis with ABC. The acquisition of Keymarket Communications in 1995 added additional radio stations in the Buffalo, Los Angeles, Memphis, Nashville, New Orleans, and Scranton–Wilkes-Barre markets.

In May 1996, River City sold its stations to the Sinclair Broadcast Group for $1.2 billion. The merger moved Sinclair into the top 25 owners of broadcast properties in the United States. Sinclair had to wait to close on some of the purchases; the Upstate South Carolina radio cluster was not acquired until 1998 because it overlapped with WLOS in Asheville, North Carolina, which serves the region.

Former stations

• Stations are arranged in alphabetical order by state and city of license.

Notes

References

References

1. McWhorter, Darrell. (October 11, 1990). "KSTZ's Buyers Put Faith In New Partner". St. Louis Post-Dispatch.
2. (May 16, 1994). "Continental drifts to River City". [[Broadcasting & Cable.
3. Berger, Jerry. (May 10, 1994). "Broadcast Firm Expanding With 7-Station Deal". St. Louis Post-Dispatch.
4. (August 29, 1994). "Changing partners in Sacramento". [[Broadcasting & Cable]].
5. Zier, Julie A.. (April 3, 1995). "River City buys Keymarket". Broadcasting & Cable.
6. (February 2, 1996). "The Year's Biggest Deals". Radio & Records.
7. Jacobson, Gianna. (April 12, 1996). "Sinclair Buys Radio and TV Stations for $1.2 Billion". The New York Times.
8. Smith Amos, Denise. (April 12, 1996). "River City Broadcasting Is Sold". St. Louis Post-Dispatch.
9. Jensen, Elizabeth. (April 12, 1996). "Little-known Sinclair Broadcast to buy River City, jumping into big league". [[The Wall Street Journal]].
10. Franco, José. (August 11, 1998). "Upstate radio stations have new owner".