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Weigel Broadcasting
Weigel Broadcasting Co. is an American television broadcasting company based in Chicago, Chicago, Illinois, alongside its flagship station WCIU-TV (Channel 26), at 26 North Halsted Street in the Greektown, Chicago, Greektown neighborhood. It currently owns 25 television stations, seven digital over-the-air television networks (most notably MeTV), and one radio station. History The company was founded by Chicago broadcasting veteran John Weigel, whose career dated back to the 1930s. With $1,000 of his own money and another $1,000 from his attorney, Daniel J. McCarthy, Weigel bought the broadcasting license for what became the first UHF television station in the Chicago area. WCIU signed on the air on February 6, 1964. One year later, in 1965, the company was the subject of a successful hostile takeover at the hands of the Shapiro family. Over the years, the company began to acquire and also launch new stations in the adjacent markets of Milwaukee and South Bend, at first by pla ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Privately Held Company
A privately held company (or simply a private company) is a company whose Stock, shares and related rights or obligations are not offered for public subscription or publicly negotiated in their respective listed markets. Instead, the Private equity, company's stock is offered, owned, traded or exchanged privately, also known as "over-the-counter (finance), over-the-counter". Related terms are unlisted organisation, unquoted company and private equity. Private companies are often less well-known than their public company, publicly traded counterparts but still have major importance in the world's economy. For example, in 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for $1.8 trillion in revenues and employed 6.2 million people, according to ''Forbes''. In general, all companies that are not owned by the government are classified as private enterprises. This definition encompasses both publ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1994–1996 United States Broadcast Television Realignment
Between 1994 and 1996, a wide-ranging realignment of television Network affiliate, network affiliations took place in the United States as the result of a multimillion-dollar deal between the Fox Broadcasting Company and New World Communications, announced on May 23, 1994. Unprecedented in the broadcast industry, the deal resulted in twelve stations owned by, or in the process of being purchased by New World, switching network affiliations to Fox over the course of a two-year period when existing contracts expired. These stations were long-standing affiliates of the traditional "Big Three (American television), Big Three" television networks, CBS, NBC, and American Broadcasting Company, ABC, in some of the country's largest Media market, markets, with the majority having been aligned with CBS individually for over 40 years. The major impetus for the changes was to allow Fox to improve its local affiliate coverage after having successfully outbid CBS for broadcast rights to the Nat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
