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Private Equity Funds and Journalism: The KFOR Cocktail with a Bad Aftertaste!

The wheels are falling off of Oklahoma City’s once-proud television news organization, KFOR.

Problems began after The New York Times Company sold KFOR in 2007 to Local TV LLC, a limited liability company owned by Oak Hill Capitol which was formed to buy the nine television stations owned by the Times.

Industry observers say that morale at the station is at an all-time low, and that the management put into place by Local TV LLC is a disaster. “Watch for the exodus of talent from KFOR in the very near future,” one local television expert tells OKPNS. He goes on to say that even long-time KFOR news folks are nervous due to Local TV LLC’s poor news acumen and miserly business practices. “I doubt long-time viewers will recognize anybody at KFOR by the end of the year if something isn’t done right away,” he says.

The station is being beaten in some key demographic categories it used to own, and Chopper4 has been all but  grounded due to budget concerns. Further, their once proud political talk show Flashpoint has lost its mojo: News9’s Your Vote Counts is creating the buzz in political circles these days. The loss of Burns Hargis, bad programming decisions and revelations of co-host Mike Turpen’s blatant ethical lapses have all but sunk the formerly respectable political talk show.

Developing…..

Wednesday, July 23rd, 2008 Burns Hargis, Mike Turpen, OK Media, V. Burns Hargis, Your Vote Counts Trackback URL for this entry

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