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Obviously the sales department is doing fine, and I'm sure when Montecito is done stripping the place it'll flip it for a nice profit within five years, probably much less. Not a problem for ownership, and for the foreseeable future not a problem for sales, especially if CBS keeps posting good national numbers. Problem for the newsroom and the community, though.
No one ever seriously suggested the FCC would yank KOIN's license; anyone who did here isn't in the business. That's just not going to happen.
As for CBS yanking affiliation--well, that's happened in other markets where the owners haven't taken their ownership too seriously, but I'd bet against it happening just from inertia. Though, one thought: Meredith (KPTV/KPDX) is an aggressive company and I'm sure it'd rather have a CBS affiliate on 49/13 than a MyNetworkTV affiliate or whatever it is currently. I'd bet it could make a persuasive bid for a CBS affiliation, and while it's a UHF frequency (normally a minus), that's going to become a non-issue in 2009. If Meredith could persuade CBS that it could put out a more compelling and aggressive local presence than KOIN, it might pull it off. Not that I have any knowledge of such an attempt, which I don't. I'm just sayin'.
I'm not betting on it happening. But if I were management at KOIN I might adjust my rear view mirror and realize that objects in it may be closer than they appear.
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Lynn Siprelle * Fairy Blogmother