"A Toledo television station is on track to be sold for more than $22 million to a company that has ties to another local station," reported Toledo Blade Business Writer Kris Turner today.
Thomas Henson, owner of Charlotte-based American Spirit Media is, also owns WXTX in Columbus, WSFX in Wilmington, WUPV in Richmond and KYOU in Ottumwa, IA., according to Merrill Knox at MediaBistro.com. Within the Toledo market, Henson "operates at least three other TV stations with Raycom Media, which is the parent company of WTOL-TV, Channel 11," reported Turner. In Hawaii, Raycom Media currently owns CBS (KGMB) and the NBC (KHNL), and operates KFVE under a shared services agreement.
Later in the report, Stephen Lacy, an associate dean of graduate studies within the College of Communication Arts and Sciences at Michigan State University, is quoted. Lacy said the following of television mergers:
"When you go from having two independent newsrooms to one or one and a half, you lose reporters," he said, adding that those losses impact the number and quality of stories told within a community.