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WMYV
WMYV (channel 48) is a television station licensed to Greensboro, North Carolina, United States, serving the Piedmont Triad region as an affiliate of MyNetworkTV. It is owned by Sinclair Broadcast Group alongside Winston-Salem–licensed ABC affiliate WXLV-TV (channel 45). Both stations share studios on Myer Lee Drive (along US 421) in Winston-Salem, while WMYV's transmitter is located in Randleman (along I-73/US 220). History Prior history of UHF channel 48 in the Piedmont Triad The UHF channel 48 allocation in Greensboro was originally occupied by WUBC, an independent station that operated from 1967 until 1970. Early history The current licensed station on channel 48 first signed on the air on May 9, 1981, as WGGT, running a general entertainment format featuring cartoons, classic movies, classic sitcoms, religious programs, and CBS network shows that were preempted by WFMY-TV (channel 2), as well as business news programming from the Financial News Network. It was owned lo ...
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WXLV-TV
WXLV-TV (channel 45) is a television station licensed to Winston-Salem, North Carolina, United States, serving as the ABC affiliate for the Piedmont Triad region. It is owned by Sinclair Broadcast Group alongside Greensboro-licensed MyNetworkTV affiliate WMYV (channel 48). Both stations share studios on Myer Lee Drive (along US 421) in Winston-Salem, while WXLV-TV's transmitter is located in Randleman (along I-73/US 220). History Independent station The station first signed on the air on September 24, 1979 as WGNN-TV. It was the first independent station in the Piedmont Triad region, and broadcast its signal from a transmitter located west of Gap in Stokes County. The station was bought by the TVX Broadcast Group in 1980 and changed its call letters to WJTM-TV on October 20. Over the years, the station ran a general entertainment format consisting of cartoons, movies, sitcoms, and drama series. It changed its call letters to WNRW on June 8, 1984 in memory of an employee, Gene ...
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Greensboro, North Carolina
Greensboro (; formerly Greensborough) is a city in and the county seat of Guilford County, North Carolina, United States. It is the third-most populous city in North Carolina after Charlotte and Raleigh, the 69th-most populous city in the United States, and the largest city in the Piedmont Triad metropolitan region. At the 2020 census, its population was 299,035. Three major interstate highways (Interstate 40, Interstate 85, and Interstate 73) in the Piedmont region of central North Carolina were built to intersect at this city. In 1808, Greensborough (the spelling before 1895) was planned around a central courthouse square to succeed Guilford Court House as the county seat. The county courts were thus placed closer to the county's geographical center, a location more easily reached at the time by the majority of the county's citizens, who traveled by horse or on foot. In 2003, the previous Greensboro–Winston-Salem– High Point metropolitan statistical area was redefin ...
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Act III Broadcasting
Act III Broadcasting was a company that owned several television stations that started as independents, and later became Fox affiliates. The stations were located in medium-sized DMA's (markets) and were primarily UHF stations. Act III Broadcasting was in business from 1986 to 1995 when it was sold to ABRY Partners/Sullivan Broadcasting for $500 million. Television producer Norman Lear owned a controlling stake in Act III Broadcasting through his company Act III Communications. Early experience in broadcasting Prior to the formation of Act III, Lear had a history in television station ownership. Along with his longtime business partners Jerry Perenchio and Bud Yorkin, Lear acquired WNJU-TV, a UHF independent station in the New York City area. The station offered religious English-language programming in the mornings and Spanish programming weekday afternoons and evenings. On weekend afternoons, the station offered a variety of ethnic brokered programming. Under their ownership, the ...
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Winston-Salem, North Carolina
Winston-Salem is a city and the county seat of Forsyth County, North Carolina, United States. In the 2020 census, the population was 249,545, making it the second-largest municipality in the Piedmont Triad region, the 5th most populous city in North Carolina, the third-largest urban area in North Carolina, and the 90th most populous city in the United States. With a metropolitan population of 679,948 it is the fourth largest metropolitan area in North Carolina. Winston-Salem is home to the tallest office building in the region, 100 North Main Street, formerly known as the Wachovia Building and now known locally as the Wells Fargo Center. In 2003, the Greensboro-Winston-Salem-High Point metropolitan statistical area was redefined by the OMB and separated into the two major metropolitan areas of Winston-Salem and Greensboro-High Point. The population of the Winston-Salem metropolitan area in 2020 was 679,948. The metro area covers over 2,000 square miles and spans the five cou ...
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High Point, North Carolina
High Point is a city in the Piedmont Triad region of the United States, U.S. state of North Carolina. Most of the city is in Guilford County, North Carolina, Guilford County, with parts extending into Randolph County, North Carolina, Randolph, Davidson County, North Carolina, Davidson, and Forsyth County, North Carolina, Forsyth counties. High Point is North Carolina's only city that extends into four counties. As of the 2020 United States census, 2020 census the city had a total population of 113,887 with an estimated population of 114,086 in 2021. High Point is the List of municipalities in North Carolina, ninth-largest municipality in North Carolina, the third-largest municipality in the Piedmont Triad, Piedmont Triad metropolitan area, and the 259th-largest city in the U.S. Major industries in High Point include furniture, textiles, and bus manufacturing. The city's official slogan is "North Carolina's International City" due to the semi-annual High Point Furniture Market t ...
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Independent Station (North America)
An independent station is a type of television station broadcasting in the United States or Canada that is not affiliated with any broadcast television network; most commonly, these stations carry a mix of syndicated, brokered and in some cases, local programming to fill time periods when network programs typically would air. Stations that are affiliated with networks such as The CW, MyNetworkTV or to a lesser degree, even Fox, may be considered to be quasi-independent stations as these networks mainly provide programming during primetime, with limited to no network-supplied content in other time periods. Independent radio is a similar concept with regards to community radio stations, although with a slightly different meaning (as many non-"indie" commercial broadcasting radio stations produce the vast majority of their own programming, perhaps retaining only a nominal affiliation with a radio network for news updates or syndicated radio programming). Types of independent ...
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Financial News Network
The Financial News Network (FNN) was an American financial and business news television network that was launched November 30, 1981. The purpose of the network was to broadcast programming nationwide, five days a week for seven hours a day on thirteen stations, in an effort to expand the availability of business news for public dissemination. FNN was founded by Glen H. Taylor, a former minister of the Christian Church from 1950—1956, and producer of films for the California Department of Education. The channel was purchased by NBC in February 1991, and operations were integrated with rival cable financial news network, CNBC, on May 21, 1991. Early history Founding Financial News Network (FNN) was founded in 1981 by Glen Taylor, chairman of the newly created five-member Board of Directors. Other board members included Karen Tyler, Head of Production, Rob Fisher, VP Business Affairs, and Rodney Buchser (who had been general manager of independent station KWHY-TV in Los Angel ...
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WFMY-TV
WFMY-TV (channel 2) is a television station licensed to Greensboro, North Carolina, United States, serving as the CBS affiliate for the Piedmont Triad region. Owned by Tegna Inc., the station maintains studios on Phillips Avenue in Greensboro, and its transmitter is located in Randleman, North Carolina. History WFMY's facility was the site of the first live television broadcast in the state of North Carolina on August 18, 1949, at 6:10 p.m. and officially signed on the air on September 22, 1949, as the second television station in North Carolina, debuting just a few months after fellow CBS affiliate WBTV in Charlotte. It was originally owned by the Greensboro News Company, publishers of the ''Greensboro Daily News'' and ''Daily Record'' (now merged as the ''Greensboro News & Record''). The News Company had put WFMY-FM on the air in 1948, but it shut the FM station down in 1953. A new radio station would be built by different owners in 1962 on an adjacent frequency, WQMG-F ...
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Piedmont Triad
The Piedmont Triad (or simply the Triad) is a metropolitan region in the north-central part of the U.S. state of North Carolina anchored by three cities: Greensboro, North Carolina, Greensboro, Winston-Salem, North Carolina, Winston-Salem, and High Point, North Carolina, High Point. This close group of cities lies in the Piedmont (United States), Piedmont geographical region of the United States and forms the basis of the Greensboro–Winston-Salem–High Point Combined Statistical Area. As of 2012, the Piedmont Triad has an estimated population of 1,611,243 making it the 33rd largest combined statistical area in the United States. The metropolitan area is connected by Interstates Interstate 40 in North Carolina, 40, Interstate 85 in North Carolina, 85, I-73, 73, and Interstate 74 in North Carolina, 74 and is served by the Piedmont Triad International Airport. Long known as one of the primary manufacturing and transportation hubs of the southeastern United States, the Triad is al ...
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Bankruptcy In The United States
In the United States, bankruptcy is largely governed by federal law, commonly referred to as the "Bankruptcy Code" ("Code"). The United States Constitution (Article 1, Section 8, Clause 4) authorizes Congress to enact "uniform Laws on the subject of Bankruptcies throughout the United States". Congress has exercised this authority several times since 1801, including through adoption of the Bankruptcy Reform Act of 1978, as amended, codified in Title 11 of the United States Code and the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA). Some laws relevant to bankruptcy are found in other parts of the United States Code. For example, bankruptcy crimes are found in Title 18 of the United States Code (Crimes). Tax implications of bankruptcy are found in Title 26 of the United States Code ( Internal Revenue Code), and the creation and jurisdiction of bankruptcy courts are found in Title 28 of the United States Code (Judiciary and Judicial procedure). Bankrupt ...
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Chapter 11, Title 11, United States Code
Chapter 11 of the United States Bankruptcy Code (Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, whether organized as a corporation, partnership or sole proprietorship, and to individuals, although it is most prominently used by corporate entities. In contrast, Chapter 7 governs the process of a liquidation bankruptcy, though liquidation may also occur under Chapter 11; while Chapter 13 provides a reorganization process for the majority of private individuals. Chapter 11 overview When a business is unable to service its debt or pay its creditors, the business or its creditors can file with a federal bankruptcy court for protection under either Chapter 7 or Chapter 11. In Chapter 7, the business ceases operations, a trustee sells all of its assets, and then distributes the proceeds to its creditors. Any residual amount is returned to the ...
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TVX Broadcast Group
The TVX Broadcast Group was an American media company that owned a group of UHF television stations during the 1980s. Originally known as the Television Corp. of Virginia, the company was headquartered in Norfolk, Virginia, and was founded by a group led by television executive Timothy McDonald and local media personality-turned radio executive Gene Loving. TVX began with a start-up television station, WTVZ, in 1979. Despite the group's name, TVX Broadcast Group was not connected to, nor ever held any interest in WTVX in Fort Pierce, Florida and KTVX in Salt Lake City, Utah. History Origins In the late 1970s, the Hampton Roads area (as the region around Norfolk is known) was unique in that it was one of the smallest markets to have four commercial television stations: NBC affiliate WAVY-TV, CBS station WTAR-TV, ABC affiliate WVEC-TV, and independent station WYAH-TV. The latter station, however, was owned by the Portsmouth-based evangelist Pat Robertson's Christian Broadcastin ...
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