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136-611: WJW (channel 8) is a television station in Cleveland, Ohio , United States, affiliated with the Fox network. Owned by Nexstar Media Group , WJW maintains studios on Dick Goddard Way (named for the station's late longtime weatherman—previously known as South Marginal Road) just northeast of downtown Cleveland near the shore of Lake Erie , and its transmitter is located in the Cleveland suburb of Parma, Ohio . The television station first signed on

272-505: A barter in some cases. Kohlberg Kravis Roberts KKR & Co. Inc. , also known as Kohlberg Kravis Roberts & Co. , is an American global investment company . As of December 31, 2023 , the firm had completed private equity investments in portfolio companies with approximately $ 710 billion of total enterprise value. Its assets under management (AUM) and fee paying assets under management (FPAUM) were $ 553 billion and $ 446 billion, respectively. KKR

408-466: A reverse takeover of its listed affiliate KKR Private Equity Investors in exchange for a 21% interest in the firm. In November 2008, KKR announced a delay of this transaction until 2009. Shares of KPE had declined significantly in the second half of 2008 with the onset of the credit crunch . KKR announced that it expected to close the transaction in 2009. In October 2009, KKR listed shares in KKR & Co. on

544-595: A $ 638 million block of stock. While KKR no longer had any ownership of RJR Nabisco by 1995, its original investment would not be fully realized until KKR exited its last investment in 2004. After sixteen years of efforts, including contributing new equity, taking RJR public, asset sales, and exchanging shares of RJR for the ownership of Borden, Inc. , KKR finally sold the last remnants of its 1989 investment. In July 2004, KKR agreed to sell its stock in Borden Chemical to Apollo Management for $ 1.2 billion. In

680-614: A 20% equity interest in the group, New World signed a long-term affiliation agreement with Fox to switch 13 television stations that it owned or was acquiring from one of the three major broadcast networks (CBS, ABC and NBC) to Fox once their existing affiliation contracts expired. The deal was motivated by the National Football League (NFL)'s awarding of the rights to the National Football Conference (NFC) television package to Fox on December 18, 1993, in which

816-460: A 43.54% stake. In August 2019, KKR also acquired a majority stake in German payment service provider to the e-commerce industry Heidelpay from AnaCap Financial Partners for more than €600 million. In December 2019, KKR, together with Alberta Investment Management Corporation , acquired a 65% stake in the controversial Coastal GasLink Pipeline project from TC Energy . The pipeline route crosses

952-494: A Canadian income trust . In 2004 a consortium comprising KKR, Bain Capital and real estate development company Vornado Realty Trust announced the $ 6.6 billion acquisition of Toys "R" Us , the toy retailer. A month earlier, Cerberus Capital Management made a $ 5.5 billion offer for both the toy and baby supplies businesses. The Toys "R" Us buyout was one of the largest in several years. Following this transaction, by

1088-400: A bad fright wig and phony beard and a pair of sunglasses with only one lens, he interacted with the movies and created an ongoing patter and rehearsed skits during the movie breaks. The program began on January 11, 1963, as Shock Theater and created a generation of fans who could recite catch phrases such as "Turn Blue", "Stay Sick", "Camera Four" and "Ova Dey." Before Ghoulardi, Anderson had

1224-517: A few months). Goddard said that the incentive for joining WJW-TV was the fact that CBS carried Cleveland Browns games through its contract with the National Football League (the rights to which were ironically lost to WKYC in 1970 upon the team's move to the AFC). Goddard later became the team's statistician , a position he held until 2011. Goddard—who was honored for his 50 years of broadcasting in

1360-601: A functional, though dormant state since the transition; Tribune Broadcasting donated the transmitter to the National Association of Broadcasters , which it used to conduct a six-month test of the "Futurecast" ATSC 3.0 standard advanced by LG Electronics and GatesAir beginning in May 2015, as WI9X3Y. The transmitter remained active for the duration of the 2016 World Series (which the Indians played in), broadcasting in 4K UHD to

1496-405: A generalized branding to promote the station's non-news programming, in particular, those offered through its new Fox affiliation (thereby, becoming one of the first New World outlets to fully include network references in its branding). This accompanied a change in format for harder-edged news; viewers did not respond positively to either the format changes, or the constant branding reinforcement (to

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1632-458: A group of divisions that it could sell to reduce debt. Over the coming years, RJR would pursue a number of additional restructurings, equity injections, and public offerings of stock to provide the company with added financial flexibility. KKR contributed $ 1.7 billion of new equity into RJR in July 1990 to complete a restructuring of the company's balance sheet. KKR's equity contribution as part of

1768-422: A leading producer of food and tobacco products, formed in 1985 by the merger of Nabisco Brands and R.J. Reynolds Tobacco Company . In October of that year, Johnson proposed a $ 17 billion ($ 75 per share) management buyout of the company with the financial backing of investment bank Shearson Lehman Hutton and its parent company, American Express . Several days later, Kravis, who had originally suggested

1904-713: A live-action educational program block distributed by Steve Rotfeld Productions that is syndicated primarily to Fox stations, on Saturday mornings through an agreement involving Tribune's Fox-affiliated stations. In its early years, the station lagged behind its competitors in producing local programming, perhaps because its studio was located at the transmitter in Parma, while the other stations had studios downtown. A young Alan Freed , previously at WAKR radio in Akron, worked for WXEL starting in 1949. Freed hosted an afternoon movie and performed live commercials for several years before he became

2040-465: A local hiatus as of December 1, 2021, due to equal-time rules related to Oz's 2022 campaign for U.S. Senate in Pennsylvania as WJW's fringe signal is able to be accessed in parts of northwestern Pennsylvania; the show ended its 13-season run on January 14, 2022, with its spin-off The Good Dish (featuring Oz's daughter Daphne ) taking over the 11 a.m. timeslot three days later. Since it joined

2176-563: A long-term deal with ABC that would keep WEWS as its Cleveland outlet; this deal also resulted in sister stations WMAR-TV in Baltimore , KNXV-TV in Phoenix , and WFTS-TV in Tampa all switching their affiliations to that network. CBS would reach an agreement with Malrite Communications to move its programming to Fox charter affiliate WOIO (channel 19). WJW switched to Fox on September 3, 1994, becoming

2312-415: A much shorter wavelength, and thus requires a shorter antenna, but also higher power. North American stations can go up to 5000 kW ERP for video and 500 kW audio, or 1000 kW digital. Low channels travel further than high ones at the same power, but UHF does not suffer from as much electromagnetic interference and background "noise" as VHF, making it much more desirable for TV. Despite this, in

2448-573: A network-syndicated program package; by 2001, affiliates were no longer required to run the Fox Kids lineup even if Fox had not secured a substitute carrier). WBNX-TV (now an independent station) carried Fox Kids – along with its successor blocks FoxBox and 4Kids TV – from the September 1994 switch until Fox ceased supplying children's programming within the network's schedule on December 28, 2008. On September 13, 2014, WJW began carrying Xploration Station ,

2584-399: A new $ 17.6 billion fund, the KKR 2006 Fund, with which the firm began executing a series of some of the largest buyouts in history. KKR's $ 44 billion takeover of Texas-based power utility TXU in 2007 proved to be the largest leveraged buyout of the mid-2000s buyout boom and the largest buyout completed to date. Among the most notable companies acquired by KKR in 2006 and 2007 were

2720-401: A new half-hour, weekly program featuring their classic skits that WJW premiered on September 10, 2011). WJW-TV has long history of broadcasting Cleveland sports teams, whether it is produced in-house or broadcast through CBS or Fox. Channel 8 was one of two stations involved in the deal between Fox and New World which was located in a market served by an NFL franchise that is not a member of

2856-605: A number of highly successful investments, the $ 27 million investment in Cobblers ended in bankruptcy. By 1976, tensions had built up between Bear Stearns and Kohlberg, Kravis and Roberts, which led to the formation of Kohlberg Kravis Roberts & Co. Most notably, Bear Stearns executive Cy Lewis had rejected repeated proposals to form a dedicated investment fund within Bear Stearns. The name had been planned to be Kohlberg Roberts Kravis, but public relations advisors preferred

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2992-450: A platform to buy media properties, initially completing the $ 310 million divisional buyout of the book club division of Macmillan along with the assets of Intertec Publishing Corporation in May 1989. During the early 1990s, K-III continued acquiring publishing assets, including a $ 650 million acquisition from News Corporation in 1991. K-III went public, however instead of cashing out, KKR continued to make new investments in

3128-620: A secondary provider of ABC programs, sharing that affiliation with WEWS. WXEL also carried a number of CBS programs that WEWS declined to air. Some of the daytime shows originated at Cinécraft Productions on Franklin Boulevard in Ohio City . WXEL also carried an affiliation with the short-lived Paramount Television Network , and in fact was one of that network's strongest affiliates. The station aired such Paramount Network programs as Hollywood Wrestling , Bandstand Revue , and Time for Beany . During

3264-459: A single investment in 1990, the first such year since 1982. KKR began to focus primarily on its existing portfolio companies acquired during the buyout boom of the late 1980s. Six of KKR's portfolio companies completed IPOs in 1991, including RJR Nabisco and Duracell . As the new decade began, KKR began restructuring RJR. In January 1990, it completed the sale of RJR's Del Monte Foods to a group led by Merrill Lynch . KKR had originally identified

3400-410: A suburban Cleveland motel. Shortly after the callsign change to WJKW, the station hired former WKYC-TV and NBC Radio news anchor Virgil Dominic as its news and public affairs director (a position which he held until 1983 when he became the general manager for WJKW/WJW until his retirement in 1995), and also began to pump considerable money into its news operation. The name of the newscasts even underwent

3536-439: A transition as well, going from City Camera News to Newscenter 8 around the summer of 1977. Within a year, channel 8 had overtaken longtime leader WEWS as the highest-rated news station in Cleveland – a lead it kept for almost 20 years. Tim Taylor joined WJW-TV as consumer reporter in the summer of 1977, having been hired away from WEWS, where he held a similar role. The following year, Taylor became Judd Hambrick 's partner on

3672-437: A two-man news anchor team, Joel Daly and Doug Adair , in the studio together. The station retitled its evening newscasts as City Camera News , in a format which had reporters equipped with Polaroid cameras to photograph news events, so that pictures could be quickly broadcast when they returned to the studio. Station programming also featured Adventure Road , hosted by Jim Doney, which presented filmed travelogues narrated by

3808-425: A variety of ways to generate revenue from television commercials . They may be an independent station or part of a broadcasting network , or some other structure. They can produce some or all of their programs or buy some broadcast syndication programming for or all of it from other stations or independent production companies. Many stations have some sort of television studio , which on major-network stations

3944-506: A weekday morning program on channel 8 starting in 1961 called Ernie's Place with sidekick Tim Conway (then credited as "Tom Conway"), that included live skits reminiscent of Bob and Ray . When Anderson left for lucrative voice-over work in Hollywood in September 1966, the Friday night movie slot was succeeded by The Hoolihan and Big Chuck Show —cohosted by Bob "Hoolihan" Wells , who did

4080-496: Is non-commercial educational (NCE) and considered public broadcasting . To avoid concentration of media ownership of television stations, government regulations in most countries generally limit the ownership of television stations by television networks or other media operators, but these regulations vary considerably. Some countries have set up nationwide television networks, in which individual television stations act as mere repeaters of nationwide programs . In those countries,

4216-470: Is broadcast via terrestrial radio waves. A group of television stations with common ownership or affiliation are known as a TV network and an individual station within the network is referred to as O&O or affiliate , respectively. Because television station signals use the electromagnetic spectrum, which in the past has been a common, scarce resource, governments often claim authority to regulate them. Broadcast television systems standards vary around

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4352-519: Is headquartered at 30 Hudson Yards , Manhattan, New York, with offices in Beijing , Dubai , Dublin , Houston, Hong Kong , London , Luxembourg , Madrid , Menlo Park , Mumbai , Paris , Riyadh , San Francisco , São Paulo , Seoul , Singapore , Shanghai , Sydney and Tokyo . In a 2016 interview with Bloomberg, founder Henry Kravis described KKR in terms of three broad buckets: private markets, public markets, and capital markets. While running

4488-792: Is often used for newscasts or other local programming . There is usually a news department , where journalists gather information. There is also a section where electronic news-gathering (ENG) operations are based, receiving remote broadcasts via remote pickup unit or satellite TV . Outside broadcasting vans, production trucks , or SUVs with electronic field production (EFP) equipment are sent out with reporters , who may also bring back news stories on video tape rather than sending them back live . To keep pace with technology United States television stations have been replacing operators with broadcast automation systems to increase profits in recent years. Some stations (known as repeaters or translators ) only simulcast another, usually

4624-449: Is set to make an investment into Indian digital company Jio Platforms . It was reported that KKR was negotiating to buy a $ 1.5bn stake of a maximum value reach of $ 65bn for Jio Platforms. In late June 2020, KKR announced it would lead a $ 48 million funding round for Artlist, a provider of royalty-free music , sound effects and video. Despite the COVID-19 pandemic , the company reported

4760-627: The Euronext exchange, replacing KPE, and anticipated a listing on the New York Stock Exchange in 2010. The public entity represented a 30% interest in Kohlberg Kravis Roberts. In December 2011, Samson Investment Company was acquired by a group of private equity investors led by KKR for approximately $ 7.2 billion and Samson Resources Corporation was formed. With the severe downturn in oil and natural gas prices, in September 2015,

4896-526: The Fox Kids weekday and Saturday blocks when it affiliated with the network, airing children's programs acquired via syndication on Saturday mornings instead (the preemptions of Fox Kids by the New World stations led the network to change its carriage policies to allow Fox stations uninterested in carrying the block the right of first refusal to transfer the local rights to another station, restructuring Fox Kids as

5032-518: The Oregon State Treasury's public pension fund invested in KKR's acquisition of retailer Fred Meyer, Inc. Oregon State remains an active investor in KKR funds. In 1979 KKR completed a risky, precedent-setting ($ 380 million) public-to-private leveraged buyout of a large conglomerate Houdaille Industries , a well-known producer of machine tools, industrial pipes, chrome-plated car bumpers and torsional viscous dampers, which they signed

5168-814: The Seven Network of Australia. On January 23, 2007, KKR announced it would invest $ 700 million through a PIPE investment in Sun Microsystems . In January 2008, KKR announced it had made a $ 1.25 billion PIPE investment in Legg Mason through a convertible preferred stock offering. In addition to its successful buyout transactions, KKR was involved in the failed buyout of Harman International Industries ( NYSE :  HAR ) , an upscale audio equipment maker. On April 26, 2007, Harman announced it had entered an agreement to be acquired by KKR and Goldman Sachs . In September 2007, KKR and Goldman backed out of

5304-405: The broadcast range , or geographic area, that the station is limited to, allocates the broadcast frequency of the radio spectrum for that station's transmissions, sets limits on what types of television programs can be programmed for broadcast and requires a station to broadcast a minimum amount of certain programs types, such as public affairs messages . Another form of television station

5440-514: The credit rating of RJR's debt from junk to investment grade . KKR began to reduce its ownership in RJR in 1994, when its stock in RJR was used as part of the consideration for its leveraged buyout of Borden, Inc. , a producer of food and beverage products, consumer products, and industrial products. The following year, in 1995, KKR would divest itself of its final stake in RJR Nabisco when Borden sold

5576-534: The electricity bill and emergency backup generators . In North America , full-power stations on band I (channels 2 to 6) are generally limited to 100 kW analog video ( VSB ) and 10 kW analog audio ( FM ), or 45 kW digital ( 8VSB ) ERP. Stations on band III (channels 7 to 13) can go up by 5 dB to 316 kW video, 31.6 kW audio, or 160 kW digital. Low-VHF stations are often subject to long-distance reception just as with FM. There are no stations on Channel 1 . UHF , by comparison, has

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5712-416: The " Newscenter 8 " branding and the "24-Hour News Source" concept, and adopted a hard-hitting format that saw the implementation of the phrase "ei 8 ht is News" as the title of its newscasts (the "ei 8 ht" logo was itself based on a logo used by WJW from 1966 to 1977 that was first used to herald the station's switch to color broadcasts). Consequently, the station used "Fox is ei 8 ht" as

5848-437: The "24-Hour News Source" concept that was originally developed the year prior by rival WEWS, positioning itself as "Cleveland's Own 24 Hour Newsroom". At that time, the station began producing news updates of 30 seconds in length during local commercial break inserts within syndicated and CBS network programs at or near the top of each hour in time periods when the station was not carrying regularly scheduled, long-form newscasts or

5984-512: The $ 8 billion buyout of Harman. By the end of the day, Harman's shares had plummeted by more than 24% upon the news. In 2007, KKR filed with the Securities and Exchange Commission to raise $ 1.25 billion by selling an ownership interest in its management company. The filing came less than two weeks after the initial public offering of rival private equity firm Blackstone Group . KKR had previously listed its KPE vehicle in 2006, but for

6120-501: The 1990s would be one of its least successful. In January 1998, KKR and Hicks, Muse, Tate & Furst agreed to the $ 1.5 billion buyouts of Regal Entertainment Group . KKR and Hicks Muse had initially intended to combine Regal with Act III Cinemas , which KKR had acquired in 1997 for $ 706 million and United Artists Theaters , which Hicks Muse had agreed to acquire for $ 840 million in November 1997. Shortly after agreeing to

6256-482: The 2007 buyout of TXU , which is currently the largest buyout completed to date. In October 2009, KKR listed shares in the company through KKR & Co., an affiliate that holds 30% of the firm's ownership equity , with the remainder held by the firm's partners. In March 2010, KKR filed to list its shares on the New York Stock Exchange (NYSE), with trading commencing four months later, on July 15, 2010. The firm employed 4,490 employees as of December 31, 2023. KKR

6392-600: The AM station until late 1976, when the group sold the radio station to Lake Erie Broadcasting. The AM station's new owners were allowed to keep the WJW call letters, forcing channel 8 to change theirs, per a since-repealed FCC rule that prohibited radio and television stations in the same city, but with different owners from sharing the same base call letters. As a result, channel 8 changed its callsign to WJKW-TV on February 3, 1977. (The added "K" did not stand for anything.) On September 16, 1985,

6528-473: The Australian hospitality industry with a portfolio of 200+ venues. In mid-July 2018, KKR purchased RBMedia , one of the largest independent publishers and distributors of audiobooks . On July 22, 2018, KKR & Co. announced it was taking over Taipei-based LCY Chemical Corp. in a deal valued at NT$ 47.8 billion ($ 1.56 billion US), part of a plan for more transactions involving controlling stakes in

6664-575: The Cleveland area using the ATSC 3.0 standard with Dolby AC-4 Audio (though the audio standard has not been completely finalized yet, with AC-4 and competitor MPEG-H as the remaining options for audio). This station also broadcasts brief, intermittent ATSC 1.0-compatible signals during parts of the day for reception comparisons under the callsign of WI9XJY. Television station The Fernsehsender Paul Nipkow ( TV Station Paul Nipkow ) in Berlin , Germany ,

6800-525: The Cleveland market, with the renaming of the stretch of South Marginal Road that runs in front of the WJW studios as "Dick Goddard Way" in May 2011—remained with WJW until his retirement on November 22, 2016. Goddard died on August 4, 2020, at the age of 89. Daly and Adair reigned as Cleveland's top news team until June 1967, when Daly was hired away by ABC-owned WBKB (now WLS-TV ) in Chicago. Adair remained at channel 8 through July 1970, when he joined WKYC, which

6936-693: The Company went into Chapter 11 bankruptcy and during its bankruptcy process, sold several large assets. In 2012, KKR made its first retail real-estate investment in Yorktown Center in Illinois. In March 2013, KKR exited its joint venture in music company BMG Rights Management , selling its 51% stake to Bertelsmann . In January 2014, KKR acquired Sedgwick Claims Management Services Inc for $ 2.4 billion from two private equity companies - Stone Point, and Hellman & Friedman . In June 2014, KKR announced it

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7072-833: The DuMont network shut down operations in 1955. It took Cleveland under eight years for each station at the time to gain exclusive full-time network affiliations of their own. Storer changed channel 8's call letters to WJW-TV on April 15, 1956, to complement WJW radio (AM 850, now WKNR , and FM 104.1, now WQAL ), respectively. All three stations later moved to the former Esquire Theater building at 1630 Euclid Avenue , near Playhouse Square. On November 16, 1963, approximately 30 WJW radio and television personalities went on strike , forcing both stations to use supervisory and production personnel in those roles, many from parent company Storer Broadcasting stations in Atlanta and Miami. The main bargaining point

7208-456: The Forstmann consortium came apart and did not provide a final bid for RJR. In November 1988, RJR set guidelines for a final bid submission at the end of the month. The management and Shearson group submitted a final bid of $ 112, a figure they felt certain would enable them to outflank any response by Kravis and KKR. KKR's final bid of $ 109, while a lower dollar figure, was ultimately accepted by

7344-718: The Greater China region. In July 2018, it was announced that KKR sold Gallagher Shopping Park, West Midlands in the UK to South Korean investors, Hana for £175 million. In February 2019, KKR acquired Brightsprings, and in a May 2022 letter from four United States Senators, Joe Bae and Scott Nutall were asked to explain the substandard care since their acquisition. KKR acquired the German media company Tele München Gruppe . Later that month, KKR acquired German film distributor Universum Film GmbH. In Apri 2019, KKR acquired German film production company Wiedemann & Berg Film Production with

7480-662: The National Football Conference (NFC); the Cleveland Browns —whose games had occasionally aired on the station dating back to its tenure with CBS—are part of the American Football Conference (AFC), which at the time of the switch, had most of their over-the-air game telecasts carried on WKYC-TV by way of NBC's broadcast rights to the AFC (WDAF-TV, located in the home market of the AFC's Kansas City Chiefs ,

7616-459: The Regal takeover, the deal with United Artists fell apart, destroying the strategy to eliminate costs by building a larger combined company. Two years later, in 2000, Regal encountered significant financial issues and was forced to file for bankruptcy protection; the company passed to billionaire investor Philip Anschutz . At the start of the 21st century, the landscape of large leveraged buyout firms

7752-627: The U.S., the Federal Communications Commission (FCC) is taking another large portion of this band (channels 52 to 69) away, in contrast to the rest of the world, which has been taking VHF instead. This means that some stations left on VHF are harder to receive after the analog shutdown . Since at least 1974, there are no stations on channel 37 in North America for radio astronomy purposes. Most television stations are commercial broadcasting enterprises which are structured in

7888-687: The US Federal Deposit Insurance Corporation . In January 1996, KKR would exchange its investment for a 7.5% interest in Fleet Bank . KKR completed the 1992 buyout of American Re Corporation from Aetna as well as a 47% interest in TW Corporation , later known as The Flagstar Companies and owner of Denny's in 1992. Among the other notable investments KKR completed in the early 1990s included World Color Press (1993–95), RELTEC Corporation (1995) and Bruno's (1995). By

8024-471: The United States. During its early years of operation, channel 8 broadcast a popular and unique 11 p.m. newscast, The Sohio Reporter , featuring a Western Reserve University speech professor named Warren Guthrie who delivered the entire newscast from memory, speaking directly into the camera long before the days of the teleprompter . In September 1963, WJW-TV was one of the first stations to employ

8160-499: The air on December 19, 1949, as WXEL, originally broadcasting on VHF channel 9. It was founded by the Empire Coil Company, a wartime manufacturer of radio coils and transformers. The station was the third to sign on in Cleveland behind WNBK (then-channel 4, now WKYC channel 3), and WEWS-TV (channel 5), all of which signed on in a 13-month timeframe. In its early years, WXEL was a primary DuMont affiliate, and later became

8296-442: The board of directors of RJR Nabisco. KKR's offer was guaranteed, whereas the management offer lacked a "reset", meaning that the final share price might have been lower than their stated $ 112 per share. Additionally, many in RJR's board of directors had grown concerned at recent disclosures of Ross Johnson's unprecedented golden parachute deal. Time magazine featured Johnson on the cover of their December 1988 issue along with

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8432-487: The buyout. KKR collected a $ 75 million fee in the RJR takeover. At $ 31.1 billion of а transaction value (including assumed debt), RJR Nabisco was, at the time, by far the largest leveraged buyout in history. The buyout of RJR Nabisco was completed in April 1989 and KKR would spend the early 1990s repaying the RJR's enormous debt load through a series of asset sales and restructuring transactions. KKR did not complete

8568-447: The company in 1998, 2000 and 2001 to support acquisition activity. In 2005, Primedia redeemed KKR's preferred stock in the company but KKR was estimated to have lost hundreds of millions of dollars on its common stock holdings as the price of the company's stock collapsed. In 1991, KKR partnered with Fleet/Norstar Financial Group in the 1991 acquisition of the Bank of New England , from

8704-439: The conference's broadcast television rights moved to the network effective with the 1994 NFL season , ending a 38-year relationship with CBS . At the time the agreement was signed, the affiliation contract of WJW-TV was set to expire on or shortly after September 1, 1994, giving CBS only five months to land another Cleveland affiliate. The agreement with New World concerned CBS executives, as New World planned to switch several of

8840-472: The corporate finance department for Bear Stearns in the 1960s and 1970s, Jerome Kohlberg , and later Henry Kravis and George Roberts , completed a series of what they described as "bootstrap" investments. They targeted family-owned businesses, many of which had been founded in the years following World War II , that were facing succession issues. Many of these companies lacked a viable exit for their founders because they were too small to be taken public and

8976-484: The early 1990s, the absence of an active high yield market prompted KKR to change its tactics, avoiding large leveraged buyouts in favor of industry consolidations through what was described as leveraged buildups or rollups . One of KKR's largest investments in the 1990s was the leveraged buildup of Primedia in partnership with former executives of Macmillan Publishing , which KKR had failed to acquire in 1988. KKR created Primedia's predecessor, K-III Communications ,

9112-411: The early 1990s. The show ended its run on June 16, 2007, as Chuck Schodowski retired after a 47-year career at channel 8. At the time of its conclusion, The Big Chuck and Lil' John Show was the last remaining locally produced television show in the Cleveland market that was primarily entertainment; that is, not news or informational (Big Chuck and Lil' John made a comeback of sorts when they began hosting

9248-536: The end of 2004 and in 2005, major buyouts were once again becoming common and market observers were stunned by the leverage levels and financing terms obtained by financial sponsors in their buyouts. In 2005, KKR was one of seven private equity firms involved in the buyout of SunGard in a transaction valued at $ 11.3 billion. KKR's partners in the acquisition were Silver Lake Partners , Bain Capital , Goldman Sachs Capital Partners , Blackstone Group , Providence Equity Partners , and TPG Capital . This represented

9384-592: The few CBS affiliates that chose to air the Late Show with David Letterman on a half-hour tape delay , in favor of airing Murphy Brown reruns immediately following its 11 p.m. newscast. Despite the preemptions, CBS was generally satisfied with WJW, which was one of the network's strongest affiliates. As with most of its sister stations under its former New World ownership (with the subverted exception of St. Louis sister station KTVI), WJW has always declined carriage of Fox's children's programming; it opted not to run

9520-686: The film and television production company folded WJW and its six sister stations—fellow CBS affiliates WTVT, WAGA-TV in Atlanta , WJBK-TV in Detroit and WITI-TV in Milwaukee , NBC affiliate KNSD in San Diego and independent station WSBK-TV in Boston —into a new broadcasting subsidiary, New World Communications . On May 23, 1994, as part of an overall deal in which network parent News Corporation also purchased

9656-509: The filmmakers. Dick Goddard came to channel 8 as its chief weatherman in 1966, following a prior five-year tenure at WKYC-TV (Goddard went along with nearly all of Westinghouse's former Cleveland staffers following a reversal of a 1956 station swap with NBC that saw Westinghouse Broadcasting reacquire WRCV-TV in Philadelphia and move the KYW-TV calls there, but returned to Cleveland after only

9792-508: The firm invested $ 90 million in lighting and electrics firm Savant Systems . Also in 2014, KKR acquired commercial landscaping company ValleyCrest from Michael Dell 's investment firm MSD Capital , and combined it with landscape company Brickman, which it had owned since 2013, to form BrightView. In January 2015, KKR confirmed its purchase of the British rail ticket website thetrainline.com , previously owned by Exponent. The purchase sum

9928-536: The firm was responsible for the 1988 leveraged buyout of RJR Nabisco . RJR Nabisco was the largest buyout in history at that time, at $ 25 billion, and remained the largest buyout for the next 17 years. The deal was chronicled in Barbarians at the Gate: The Fall of RJR Nabisco , and later made into a television movie starring James Garner . In 1988, F. Ross Johnson was the president and CEO of RJR Nabisco ,

10064-516: The firm's use of hostile tactics in the buyout of RJR. KKR proposed to provide a joint offer with Johnson and Shearson Lehman but was rebuffed and Johnson attempted to stonewall KKR's access to financial information from RJR. Rival private equity firm Forstmann Little & Co. was invited into the process by Shearson Lehman but attempted to provide a bid for RJR with a consortium of Goldman Sachs Capital Partners , Procter & Gamble , Ralston Purina and Castle & Cooke . Ultimately,

10200-403: The first New World station to switch to the network under the agreement. WOIO concurrently switched to CBS. On July 17, 1996, News Corporation announced that it would acquire New World in an all-stock transaction worth $ 2.48 billion, bringing its ten Fox affiliates under network ownership. Under Fox ownership, WJW added stronger first-run syndicated shows as well as stronger off-network sitcoms to

10336-472: The first time, KKR would offer investors an ownership interest in the management company itself. The onset of the credit crunch and the shutdown of the IPO market dampened the prospects of obtaining a valuation attractive to KKR. The flotation was repeatedly postponed and called off by the end of August. The following year, in July 2008, KKR announced a new plan to list its shares. The plan called for KKR to complete

10472-470: The following month, it acquired PharMerica for $ 1.4 billion including debt, Pepper Group for $ 518 million, Covenant Surgical Partners, and Envision Healthcare Corporation's ambulance business ( American Medical Response, Inc. (AMR) ) for $ 2.4 billion. On July 6, 2017, KKR announced it would merge Northern California Mi Pueblo and Ontario-based Cardenas Market. On September 18, 2017, Toys "R" Us, Inc. filed for Chapter 11 bankruptcy , stating

10608-482: The following: Other non-buyout investments completed by KKR during this period included Legg Mason , Sun Microsystems , Tarkett, Longview Power Plant , and Seven Network . In October 2006, KKR acquired a 50% stake in Tarkett, a France-based distributor of flooring products, in a deal valued at about €1.4 billion ($ 1.8 billion). On November 20, 2006, KKR announced it would form a A$ 4 billion partnership with

10744-650: The founders were reluctant to sell out to competitors. In 1964, Lewis Cullman acquired and then sold Orkin Exterminating Company in what some call the first significant leveraged buyout transaction. In the following years the three Bear Stearns bankers completed a series of buyouts including Stern Metals (1965), Incom (a division of Rockwood International, 1971), Cobblers Industries (1971), and Boren Clay (1973), as well as Thompson Wire, Eagle Motors and Barrows through their investment in Stern Metals. Despite

10880-450: The half-hourly updates it aired during CBS This Morning . After WJW became a Fox affiliate on September 3, 1994, the station underwent a major shift in its programming philosophy that more heavily emphasized its local news programming. The station initially expanded its news production to over 40 hours a week, and through the years continued expanding, eventually reaching 65 1 ⁄ 2 hours per week by 2015. In October 1995, WJW retired

11016-420: The headline, "A Game of Greed: This man could pocket $ 100 million from the largest corporate takeover in history. Has the buyout craze gone too far?". KKR's offer was welcomed by the board, and, to some observers, it appeared that their elevation of the reset issue as a deal-breaker in KKR's favor was little more than an excuse to reject Johnson's higher bid of $ 112 per share. Johnson received $ 53 million from

11152-420: The highest point available in the transmission area, such as on a summit , the top of a high skyscraper , or on a tall radio tower . To get a signal from the master control room to the transmitter, a studio/transmitter link (STL) is used. The link can be either by radio or T1 / E1 . A transmitter/studio link (TSL) may also send telemetry back to the station, but this may be embedded in subcarriers of

11288-566: The idea of the buyout to Johnson, presented a new bid for $ 20.3 billion ($ 90 per share) financed with an aggressive debt package. KKR had the support of equity co-investments from pension funds and other institutional investors , including Coca-Cola , Georgia-Pacific and United Technologies corporate pension funds, as well as endowments from MIT , Harvard and the New York State Common Retirement Fund . However, KKR faced criticism from existing investors over

11424-585: The largest leveraged buyout completed since the takeover of RJR Nabisco in 1988. SunGard was the largest buyout of a technology company until the Blackstone -led buyout of Freescale Semiconductor . The SunGard transaction was notable given the number of firms involved in the transaction, the largest club deal completed to that point. The involvement of seven firms in the consortium was criticized by investors in private equity who considered cross-holdings among firms to be generally unattractive. In 2006, KKR raised

11560-508: The late 1950s, the station was also briefly affiliated with the NTA Film Network . Following the 1952 release of the Federal Communications Commission (FCC)'s Sixth Report and Order , a realignment of VHF channels in the Midwest forced WXEL to move to channel 8 on December 10, 1953. Its former channel 9 allocation was moved to Steubenville and given to a new station, WSTV-TV (now WTOV );

11696-458: The latter company's television arm W&B Television remained a separate entity. Two months later in July 2019, KKR acquired the Canadian software company Corel . In August 2019, KKR acquired Arnott's , the Australian snack unit of Campbell Soup Company , for $ 2.2 billion. Later that month, KKR became the biggest shareholder of German media group Axel Springer , paying $ 3.2 billion for

11832-459: The library and publishing industry; the acquisition was finalized in June 2020. In May 2020, KKR announced that it will be investing $ 750 million in cosmetics producer Coty . A separate plan was revealed in which several divisions of Coty are set to be spun out into a new company. According to the deal, KKR will own 60%, while Coty 40% of the new business. The same month, it was announced that KKR

11968-400: The local television station has no station identification and, from a consumer's point of view, there is no practical distinction between a network and a station, with only small regional changes in programming, such as local television news . To broadcast its programs, a television station requires operators to operate equipment, a transmitter or radio antenna , which is often located at

12104-419: The main broadcast. Stations which retransmit or simulcast another may simply pick-up that station over-the-air , or via STL or satellite. The license usually specifies which other station it is allowed to carry. VHF stations often have very tall antennas due to their long wavelength , but require much less effective radiated power (ERP), and therefore use much less transmitter power output , also saving on

12240-463: The mid-1990s, the debt markets were improving and KKR had moved on from the RJR Nabisco buyout. In 1996, KKR was able to complete the bulk of fundraising for what was then a record $ 6 billion private equity fund, the KKR 1996 Fund. However, KKR was still burdened by the performance of the RJR investment and repeated obituaries in the media. KKR was required by its investors to reduce the fees it charged and to calculate its carried interest based on

12376-495: The more traditional WKYC-TV. Even Fox 8 in the Morning lost its top spot to WKYC's morning newscast for about two months. As a result of the overall decline, WJW replaced longtime 6 and 10 p.m. lead anchors Wilma Smith and Tim Taylor, with Bill Martin and Stacey Bell at 10 p.m., hoping the two would attract a younger audience to the program. The change paid off for channel 8, and today its newscasts frequently rank number-one in

12512-503: The move would give it flexibility to deal with $ 5 billion in long-term debt, borrow $ 2 billion so it would be able to pay suppliers for the upcoming holiday season and invest in improving current operations. During 2017, KKR purchased an 80 percent stake in Dixon Hospitality Group for A$ 190 million in 2017 which turned into the company Australian Venue Co. (AVC). AVC is a food and beverage-focused operator in

12648-457: The national broadcasts aired on WKYC, WEWS and WOIO. This was especially true since WEWS' long-running local show The Morning Exchange was moved to 9 a.m. around the time of the Fox/CBS switch. With the exception of a brief period from late 1994 through late 1995 when it was titled Good Day Cleveland , Fox 8 News in the Morning has constantly been Cleveland's top rated morning newscast since

12784-449: The network in September 1994, channel 8 has only aired Fox's prime time , late night, news and sports programming, with the only content it has aired involving Fox's children's programming having been of fall preview specials and network promotions for those blocks that aired within the network's prime time lineup for the final twelve years that Fox carried programming aimed at that demographic. The only notable program preemption outside of

12920-474: The network's children's blocks has been that of the secondary Sunday morning NFL pre-game show Fox NFL Kickoff , of which WJW has declined carriage on the station's main channel since the program moved to Fox from Fox Sports 1 in September 2015 ; WJW instead airs a local Cleveland Browns focused pre-game show in the program's network-recommended time slot during football season, deferring Fox NFL Kickoff to

13056-406: The network's stronger-performing affiliates in other markets to Fox, a move that often forced CBS to affiliate with either a former Fox affiliate or a lower-profile independent station. To prevent such a situation from happening in Cleveland, CBS approached Scripps-Howard Broadcasting in an attempt to sign its WEWS as the network's new Cleveland affiliate. On June 16, however, Scripps-Howard signed

13192-461: The original leveraged buyout of RJR had been only $ 1.5 billion. In mid-December 1990, RJR announced an exchange offer that would swap debt in RJR for a new public stock in the company, effectively an unusual means of taking RJR public again and simultaneously reducing debt on the company. RJR issued additional stock to the public in March 1991 to reduce debt further, resulting in an upgrade of

13328-497: The point that a story in the Cleveland Plain Dealer began with the lede "WJW Channel 8's constant repetition of its ubiquitous 'EI8HT Is News' slogan has some viewers squawking that Eight Is Enough, Already" ). They instead turned to the more traditional WEWS; WKYC was likewise busy trying to find an audience after years of being used as NBC's ' farm ' station. The " ei 8 ht is News " branding ended upon Fox's purchase of

13464-423: The previous year. It soon ended in a spectacular failure, breakup of the half-a-century-old company and loss of thousands of jobs, even though creditors earned a profit. The firm's acquisitions during the 1980s buyout boom include: At age 61, Kohlberg resigned in 1987 (he later founded his own private equity firm, Kohlberg & Co. ), and Henry Kravis succeeded him as senior partner. Under Kravis and Roberts,

13600-476: The programmes seen on its owner's flagship station, and have no television studio or production facilities of their own. This is common in developing countries . Low-power stations typically also fall into this category worldwide. Most stations which are not simulcast produce their own station identifications . TV stations may also advertise on or provide weather (or news) services to local radio stations , particularly co-owned sister stations . This may be

13736-424: The programming mix. It was the only fully network owned-and-operated station among the "Big Four" network outlets in the Cleveland area, and was the only Fox-owned station to carry a historic 1920s three-letter call sign . It remains the only Fox television affiliate to utilize a three-letter call sign. On December 22, 2007, Fox sold WJW-TV and seven other owned-and-operated stations to Local TV for $ 1.1 billion;

13872-439: The ratings. The station's signal is multiplexed : WJW shut down its analog signal, over VHF channel 8, on June 12, 2009, the official date on which full-power television stations in the United States transitioned from analog to digital broadcasts under federal mandate. The station's digital signal relocated from its pre-transition UHF channel 31 to VHF channel 8. The former temporary channel 31 transmitter has remained in

14008-477: The regional telecasting rights. Channel 8 was also the home station for the NBA 's Cleveland Cavaliers from 1976 to 1980 ; it also aired Cavaliers games aired via CBS' NBA broadcast contract from 1973 to 1990. In addition, the station has aired Cleveland Guardians (known as the Indians until 2022) games via CBS' MLB coverage from 1990 to 1993 , and since 1996 , through Fox's broadcast rights , notably including

14144-630: The sale was finalized on July 14, 2008. On July 1, 2013, the Tribune Company acquired the Local TV stations for $ 2.75 billion; the sale was completed on December 27. Sinclair Broadcast Group announced that it would acquire Tribune Media on May 8, 2017, for $ 3.9 billion, plus the assumption of $ 2.7 billion in debt held by Tribune. In order to meet regulatory compliance for the merger, WJW was subsequently identified as one of 23 stations that would be divested with Fox Television Stations agreeing to repurchase

14280-591: The self-titled father of " rock and roll " while as an evening host on WJW radio, before moving on to radio jobs in New York City . Soupy Sales , then known as Soupy Hines, had a weekday variety program called Soup's On where he started his pie-in-the-face routines. In 1961 , WJW-TV became the broadcast rights holder of the Cleveland Indians (now the Cleveland Guardians ). Channel 8's partnership with

14416-542: The sound of KKR. The new KKR completed its first buyout, of manufacturer A.J. Industries, in 1976. KKR raised capital from a small group of investors including the Hillman Company and First Chicago Bank . By 1978, with the revision of the ERISA regulations, the nascent KKR was successful in raising its first institutional fund with over $ 30 million of investor commitments. In 1981, KKR expanded its investor base after

14552-553: The station as part of a $ 910-million deal with Sinclair. Both transactions were nullified on August 9, 2018, following Tribune's move to terminate their merger with Sinclair and lead FCC commissioner Ajit Pai 's public rejection of the deal, with Tribune filing a breach of contract lawsuit against Sinclair in the process. Following the collapse of the Sinclair merger, Tribune Media agreed to be acquired by Nexstar Media Group on December 3, 2018, for $ 6.4 billion in cash and debt. The sale

14688-410: The station moved to its present studios at 5800 South Marginal Road, which were built with a more modern approach than Storer's usual exterior studio design; the building features a number of columns framed by windows in the front, though the large front was not of the usual Georgian or Colonial mansion-esque design common with WJW's sister stations. While WJW-FM was sold in the late 1960s, Storer kept

14824-460: The station reacquired the WJW-TV callsign (eventually shortened to simply WJW), as WJW (AM) had changed its callsign following the radio station's own transfer of ownership to Booth American Broadcasting (the aforementioned call letter rule was still in effect then). After Storer Broadcasting was bought out by Kohlberg Kravis Roberts in 1985, the station underwent a series of ownership changes. KKR sold

14960-576: The station weather forecasts as "Hoolihan the Weatherman"; and Charles "Big Chuck" Schodowski , a station engineer who had risen to director and had appeared in some of Ghoulardi's skits. After Bob Wells departed channel 8 in September 1979, his position was filled by local jeweler and little person "Lil' John" Rinaldi, who had also previously performed in skits on the show. The program was renamed The Big Chuck and Lil' John Show , and it continued airing on Friday nights before moving to Saturday nights in

15096-486: The station's 6 and 11 p.m. weeknight newscasts. For much of Taylor's 27-year run as an anchor at WJW (the second longest in Cleveland television history, behind Ted Henry , who worked at WEWS for 37 years from 1972 to 2009), he served alongside several female anchors (including Tana Carli, Denise D'Ascenzo , Robin Swoboda , Denise Dufala and Wilma Smith). Taylor retired from broadcasting on December 23, 2005, after which he

15232-457: The station's second digital subchannel. Like most of its sister stations, channel 8 preempted portions of the CBS schedule, usually the late morning daytime shows. In the 1990s, WJW-TV and its fellow New World stations prepared to launch their own morning newscasts, and as a result, channel 8 began to preempt CBS This Morning as well. The station also gained notoriety in September 1993 by being one of

15368-399: The station, after which it was replaced by " Fox 8 News ", which remains in use to this day as the station's news branding. One triumph for WJW was its weekday morning newscast, as, without a national morning news program supplied by Fox, WJW could produce an all-local, 3 + 1 ⁄ 2 -hour-long program to fill part of the time period. Many Cleveland viewers preferred the local show over

15504-541: The stations to Gillett Communications in 1987; shortly thereafter, SCI Television was spun off from Gillett to take over the stations after Gillett's bankruptcy. On February 17, 1993, one day after SCI purchased WTVT in Tampa from Gillett Holdings in a separate agreement for $ 163 million, New World Pictures purchased a 51% ownership stake in SCI Television from Gillett for $ 100 million and $ 63 million in newly issued debt;

15640-551: The switch took place only two weeks before WSTV-TV went on the air. In 1954, Empire Coil sold two of its television interests—WXEL and KPTV in Portland, Oregon , the United States' first UHF station—to Storer Broadcasting . George B. Storer, the company's founder and president, was a member of the board of directors of CBS , and used his influence to take the CBS television affiliation from WEWS on March 1, 1955. WEWS became an exclusive ABC affiliate (and remains so to this day), while

15776-450: The team continued through 1979 , when the Indians moved to then-independent station WUAB (channel 43). WJW also carried Indians games that were part of the CBS , and later, Fox network packages of Major League Baseball games. One of the most memorable programs produced by WJW-TV was the Friday late night horror movie hosted by " Ghoulardi ", a character created by Ernie Anderson . Wearing

15912-412: The team's three-year operational hiatus that began in 1996 ), channel 8 has carried at least two Browns games per year, usually consisting of interconference games in which the team plays host to an NFC team at Cleveland Browns Stadium ; in addition, with the institution of the league's "cross-flex" broadcast rules in 2014, any games that are arbitrarily moved from WOIO will be shown on WJW if Fox acquires

16048-460: The team's appearance in the 2016 World Series . WJW presently broadcasts 68 hours of locally produced newscasts each week (with 11 + 1 ⁄ 2 hours each weekday, five hours on Saturdays and 5 + 1 ⁄ 2 hours on Sundays); in regards to the number of hours devoted to news programming, it is the largest local newscast output among any station in the state of Ohio, and one of the highest weekly newscast totals of any television station in

16184-494: The territory of the Wet'suwet'en Nation , which opposes the project. Enforcement of an injunction to build through the Wet'suwet'en territory has sparked widespread protests across Canada . In the final days of 2019, KKR announced it would acquire OverDrive, Inc. , a major distributor of eBooks to libraries. The potential for consolidation with KKR subsidiary RBMedia was quickly noted in

16320-408: The time of its debut. Another advantage of the affiliation switch was the shift of the late newscast from 11 p.m. to 10 p.m., which also resulted in the program's expansion into a one-hour-long broadcast; with conversion of the news department launched six years earlier by WUAB to serve as a joint operation with newly minted CBS outlet WOIO and the balancing act of managing both stations, along with

16456-599: The total profit of the fund (i.e., offsetting losses from failed deals against the profits from successful deals). KKR's activity level would accelerate over the second half of the 1990s making a series of notable investments including Spalding Holdings Corporation and Evenflo (1996), Newsquest (1996), KinderCare Learning Centers (1997), Amphenol Corporation (1997), Randalls Food Markets (1997), The Boyds Collection (1998), MedCath Corporation (1998), Willis Group Holdings (1998), Smiths Group (1999), and Wincor Nixdorf (1999). KKR's largest investment of

16592-401: The unproven lead-in of WUAB's new UPN and WB network programming, WJW quickly overtook WUAB's longer-established prime time newscast at 10 p.m. without much issue. In news programming, the station retook the top position from WEWS in 2001. By mid-2002, all of WJW's newscasts placed first. This continued until January 2004, when viewers began turning away from WJW's hard-hitting style to

16728-399: The world. Television stations broadcasting over an analog system were typically limited to one television channel , but digital television enables broadcasting via subchannels as well. Television stations usually require a broadcast license from a government agency which sets the requirements and limitations on the station. In the United States, for example, a television license defines

16864-431: Was Storer's attempt to institute a new, drastically reduced fee schedule for performers. On November 20, WJW-TV broadcast a taped panel segment that offered the striking performers the opportunity to state their case, since management had presented its side two nights earlier. After nearly reaching agreement on November 23 before talks collapsed, the two sides finally came to an agreement on November 27. On November 2, 1975,

17000-483: Was approved by the FCC on September 16, 2019, and completed three days later; Fox declined to reacquire WJW after the sale closed. On October 28, 2024, Nexstar announced plans to acquire Akron -licensed WBNX-TV (channel 55). Upon approval, the deal would create a duopoly with WJW, and lead to the return of CW network programming on September 1, 2025. The Dr. Oz Show (hosted by Cleveland native Dr. Mehmet Oz ) had been on

17136-579: Was changing. Several large and storied firms, including Hicks Muse Tate & Furst and Forstmann Little & Company were dragged down by heavy losses in the bursting of the telecom bubble . Although KKR's track record since RJR Nabisco was mixed, losses on such investments as Regal Entertainment Group , Spalding , Flagstar and RentPath (previously K-III Communications) were offset by successes in Willis Group, Wise Foods, Inc. , Wincor Nixdorf and MTU Aero Engines , among others. Additionally, KKR

17272-418: Was founded in 1976 by Jerome Kohlberg Jr. , and cousins Henry Kravis and George R. Roberts , all of whom had previously worked together at Bear Stearns , where they completed some of the earliest leveraged buyout transactions. Since its founding, KKR has completed a number of transactions, including the 1989 leveraged buyout of RJR Nabisco , which was the largest buyout in history to that point, as well as

17408-637: Was not disclosed. On October 12, 2015, KKR announced that it had entered into definitive agreement with Allianz Capital Partners to acquire their majority stake in Selecta Group, a European vending services operator. In 2016, KKR purchased two Hispanic grocery chains, Northern California Mi Pueblo and Ontario, California –based Cardenas. In February 2016, KKR invested $ 75 million in commercial real estate lender A10 Capital. On September 1, 2016, KKR announced that it had acquired Epicor Software Corporation , an American software company. In October 2016, it

17544-542: Was one of the few firms that were able to complete large leveraged buyout transactions in the years immediately following the collapse of the Internet bubble, including Shoppers Drug Mart and Bell Canada Yellow Pages . KKR was able to realize its investment in Shoppers Drug Mart through a 2002 IPO and subsequent public stock offerings. The directories business would be taken public in 2004 as Yellow Pages Income Fund ,

17680-439: Was replaced by fellow longtime Cleveland TV newsman Lou Maglio; one month prior, Taylor and Goddard were reunited with Swoboda and former sports anchor Casey Coleman in a special segment during Fox 8 News in the Morning . The foursome has been quoted as one of "Cleveland's most successful news teams" during the 1980s, and helped lead Newscenter 8 to number one in the Cleveland market during that decade. In 1991, WJW implemented

17816-605: Was reported that KKR invested $ 250 million in OVH to be used for further international expansion. This funding round valued OVH at over $ 1 billion, making it a unicorn . In December 2016, the Lonza Group announced it would acquire Capsugel for $ 5.5 billion from Kohlberg Kravis Roberts. In February 2017, KKR was reported to be trying to take over the international market research company ARI GfK SE . In July 2017, KKR acquired WebMD Health Corp for $ 2.8 billion and,

17952-710: Was taking a one-third stake in Spanish energy business Acciona Energy , at a cost of €417 million ($ 567 million). The international renewable energy generation business operates renewable assets, largely wind farms , across 14 countries including the United States , Italy and South Africa . In August 2014, KKR announced it was investing $ 400 million to acquire Fujian Sunner Development, China's largest chicken farmer, which breeds, processes and supplies frozen and fresh chickens to consumers and corporate clients, such as KFC and McDonald's, across China. In September 2014,

18088-674: Was the first regular television service in the world. It was on the air from 22 March 1935, until it was shut down in 1944. The station was named after Paul Gottlieb Nipkow , the inventor of the Nipkow disk . Most often the term "television station" refers to a station which broadcasts structured content to an audience or it refers to the organization that operates the station. A terrestrial television transmission can occur via analog television signals or, more recently, via digital television signals. Television stations are differentiated from cable television or other video providers as their content

18224-573: Was the only other New World station in a non-NFC market that switched to Fox). Channel 8 first broadcast Browns games in 1956, when CBS (which WJW-TV was affiliated with then), gained the TV broadcast rights to the pre-merger NFL; all Browns games would air exclusively on channel 8 until 1969. Since 1970 (with the completion of the AFL/NFL merger, and the Browns' subsequent move to the newly formed AFC, and with exception of

18360-505: Was then owned by NBC. Later in 1964, WJW-TV was the first full CBS affiliate in Ohio, and the first Cleveland TV station, to start local color broadcasts. Following Daly's departure, Martin Ross became Adair's on-air news partner for the next three years, then teamed with Murray Stewart when Adair left. The duo worked together until Ross's death from cancer in April 1973. Jeff Maynor had filled in when Ross

18496-409: Was undergoing treatment, and continued in that role for the next four months until Jim Hale teamed with Stewart beginning on September 11, 1973. Just over a year later, Stewart asked to be taken off the broadcast, citing health problems, and was later reassigned to the noon news, with Maynor taking his place on the nightly broadcast. Stewart committed suicide on August 3, 1976, overdosing on Nembutal in

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