ACME Communications
| Public (OTC Pink: ACME) | |
| Industry | Television Broadcasting & Production |
| Headquarters | Santa Ana, CA, USA |
Key people |
Jamie Kellner (Chairman) Doug Gealy (President/CEO) John Hannon(EVP) Stan Gill (COO) |
Number of employees | 141[1] |
| Website | ACMECommunications.com |
ACME Communications is a moribund United States-based broadcasting company that was involved in operations of television stations and programming from the late 1990s until 2013.
Company profile
ACME Communications was co-founded by Chairman and original CEO Jamie Kellner, who previously served as a Fox Television Network executive and was founding CEO of The WB Television Network. Kellner used the name ACME as a play on the fictitious Acme Corporation featured in Warner Bros.' Wile E. Coyote and Road Runner animated film series and other animated Warner media.
The ownership portfolio of ACME Communications included television stations generally located in medium-sized US media markets, all of which ACME obtained through acquisitions (save for one station in Knoxville that the company built from the ground up). All but one of ACME's stations were affiliated with The WB Television Network or converted to WB affiliation at purchase, likely playing on Kellner's previous relationship with that network. The ACME WB stations were among the first to line up affiliations with The CW Television Network when The WB and UPN amalgamated in 2006;[2] the stations have continued affiliations with The CW to this day. ACME's station portfolio reached a peak of 11 stations in the early 2000s, at which time ACME also ventured into program production with the 2002 debut of The Daily Buzz, a syndicated daily morning news and information program that reaches 180 markets as of Spring 2013.[3]
During the early 2010s, ACME set forth on cost-cutting efforts involving its assets and an admitted "exit strategy" from the television business,[4] including the following:
- A licensing and consulting agreement with Fisher Communications for The Daily Buzz, announced in April 2010, that would see Fisher handle production of Buzz.[5]
- A June 2010 agreement with LIN TV Corporation (with intent to purchase) involving stations in 2 markets where the companies had common ownership (Dayton, and Green Bay-Fox Cities), where the LIN stations would provide operational, administrative, and joint sales services for the ACME stations. At the same time, LIN TV also entered into an agreement to provide some services (including third-party accounting) for ACME's duopoly in Albuquerque.[6]
- A reduction and restructuring of its corporate staff, set forth in July 2010, that would see Jamie Kellner remain as company chairman but Doug Gealy taking over Keller's titles of President and CEO.[7]
- The sales of its last remaining stations: single stations in Dayton, Green Bay, Knoxville (all 3 in sales consummated in Spring 2011), [8][9][10] and Madison (a February 2012 sale);[11][12] as well as an Albuquerque/Santa Fe duopoly (September 2012).[13]
- The sale of The Daily Buzz to Mojo Brands Media in April 2013,[3] which left ACME with no remaining broadcast assets and put the company into a closedown mode; ACME will officially fold operations once it closes its outstanding accounts.[14] The Daily Buzz itself was abruptly canceled April 17, 2015 when a Mojo Brands investor pulled their funding for the series.[15]
Formerly owned assets
Programming
- The Daily Buzz, a 3-hour-per-weekday morning news and information program geared toward a young adult audience. The show launched in 2002 from the studios of ACME-owned WBDT in Dayton, and since 2007 originates from the studios of Full Sail University in Winter Park, Florida. The show was sold to Mojo Brands Media in April 2013. It was canceled April 17, 2015.[16][14][3]
Television stations
Note: With one exception, all the below listed stations were affiliates of The CW Television Network or its predecessor, The WB, during ACME Communications' ownership. The exception, KASY-TV, was affiliated with UPN and MyNetworkTV (and was briefly an independent), and was located in a market where ACME already owned the WB/CW affiliate.
| City of license / Market | Station | Channel TV (RF) |
Years Owned | Current Ownership Status |
|---|---|---|---|---|
| Fort Myers - Naples, FL | WTVK | 46 (45) | 1998-2007 | The CW affiliate, WXCW, owned by Sun Broadcasting, Inc. |
| Decatur - Champaign/Urbana - Springfield, IL | WBUI | 23 (22) | 1999-2007 | The CW affiliate owned by GOCOM Media, LLC (Operated through a LMA by Sinclair Broadcast Group) |
| St. Louis, MO | KPLR-TV | 11 (26) | 1997-2003 | The CW affiliate owned by Tribune Broadcasting |
| Albuquerque - Sante Fe - Roswell, NM | KWBQ | 19 (29) | 1999-2012 | The CW affiliate owned by Tamer Media, LLC (Operated through a SSA by Media General)[13] |
| KASY-TV | 50 (45) | 2000-2012 | MyNetworkTV affiliate owned by Tamer Media, LLC (Operated through a SSA by Media General[13] | |
| Roswell, NM | KRWB-TV (Satellite of KWBQ) |
21 (21) | 1999-2012 | The CW affiliate owned by Tamer Media, LLC (Operated through a SSA by Media General)[13] |
| Springfield - Dayton, OH | WBDT | 26 (26) | 1999–2011 | The CW affiliate owned by Vaughan Media, LLC (Operated through a SSA by Media General) |
| Salem - Portland, OR | KWBP | 32 (33) | 1997–2003 | The CW affiliate, KRCW-TV, owned by Tribune Broadcasting |
| Crossville - Knoxville, TN | WBXX-TV | 20 (50) | 1997–2011 | The CW affiliate owned by Gray Television |
| Ogden - Salt Lake City, UT | KUWB | 30 (48) | 1999–2006 | The CW affiliate, KUCW, owned by Nexstar Broadcasting Group |
| Suring - Green Bay - Appleton - Fox Cities, WI | WIWB/WCWF | 14 (21) | 1999–2011 | The CW affiliate owned by Sinclair Broadcast Group |
| Janesville - Madison, WI | WBUW | 57 (32) | 2002–2012 | The CW affiliate owned by Byrne Acquisition Group, LLC |
References
- ↑ "Company Profile for ACME Communications Inc (ACME)". Retrieved 2008-10-20.
- ↑ Source: 3/9/2006 press release by ACME Communications posted on NASDAQ GlobeNewsWire
- 1 2 3 "Mojo Brands Media Announces Acquisition and Extension of The Daily Buzz" (Press release). Santa Ana, California: Mojo Brands Media. April 3, 2013. Retrieved May 11, 2013.
- ↑ "ACME 3Q Station Revenue Falls 9%," from TVNewsCheck, 12/9/2011
- ↑ Source: ACME Communications press release dated 4/21/2010
- ↑ Source: ACME Communications press release dated 6/4/2010
- ↑ "Acme Restructures, Moves Toward Exit Plan", from Broadcasting & Cable, 6/17/2010
- ↑ Source: FCC Daily Digest of 4/7/2011
- ↑ "Acme 4Q Station Revenue Rises 7%," from TVNewsCheck, 4/19/2011
- ↑ Source: Press Release from ACME Communications, dated 5/24/2011
- ↑ "Byrne Grabs Acme's Madison CW Station," from Broadcasting & Cable, 12/13/2011
- ↑ "Acme to Byrne Madison TV deal is done". Television Business Report. February 22, 2012. Retrieved February 24, 2012.
- 1 2 3 4 "Acme Sells Albuquerque Stations to Viall for $17.3 Million," from Broadcasting & Cable, 9/11/2012
- 1 2 "ACME Communications Announces Completion of Sale of The Daily Buzz and Cash Distribution to Its Shareholders" (Press release). Santa Ana, California: ACME Communications. April 2, 2013. Retrieved May 11, 2013.
- ↑ Boedeker, Hal (17 April 2015). "Daily Buzz canceled". Orlando Sentinel. Retrieved 18 April 2015.
- ↑ Boedeker, Hal (17 April 2015). "Daily Buzz canceled". Orlando Sentinel. Retrieved 18 April 2015.