Topic summary

WJW-TV

WJW-TV

Extracted from the Wikipedia article WJW (TV).

WJW-TV became WJKW in 1977 after WJW radio was sold but reclaimed the WJW call sign in 1985. Following Storer's privatization by Kohlberg Kravis Roberts in 1985, WJW has had a succession of owners. After a failed sale to Lorimar-Telepictures, businessman George N. Gillett Jr. bought the Storer chain but lost the stations in a bankruptcy brought on by soured junk bond investments, with WJW mentioned specifically in sale rumors. New World Communications, headed by Ronald Perelman, acquired WJW and the Gillett group amidst a flurry of purchases across the country. New World then announced a group-wide affiliation pact with Fox on May 23, 1994, after the network invested $500 million into the company; WJW was the first of these stations to switch to Fox. While initially struggling to adjust to the new Fox affiliation, WJW's ratings recovered substantially, particularly after the network bought WJW and the other New World stations in late 1996. Since Fox sold the station in 2008, WJW has been owned by Local TV LLC, Tribune Broadcasting and Nexstar. Nexstar purchased WBNX in early 2025, then acquired WKYC parent Tegna the following year.