Consolidation Continues to Shrink the TV Industry

Say you have a job at station "X" and you can't get along with the boss no matter what. Eventually you leave or the boss fires you and you start looking for your next job.

You find a station in a market that you love and you send your resume and even though you are more than qualified for the job, you hear nothing back.

The new station is owned by the same company as station "X" and it appears you are on the blacklist. It happens again in  another market and another.

Welcome to the future of TV news. 

As TV groups continue to be bought up or merge the already small TV industry is getting smaller.

Think about it, soon an industry that had big TV groups like BELO, Meredith, LIN and Schurz are no longer (or soon won't be) around.

The latest deal of Gray buying up Schurz is the future. 

"I think it's just the essence of our industry right now," said Gray president and CEO Hilton Howell to B&C  Jr. "It is consolidating." Asked why Schurz decided to cash in, he added, "From a business standpoint, Schurz decided that they didn't have the ability with seven TV markets to compete as effectively as they needed to compete. They tried to find a good home and fortunately they chose us."

Deals are coming together quickly and volume is considerable, they added. "The pipeline (of total available deals) over the medium term is far more than we can afford and we are never able to predict when something is actionable," said Kevin Latek, senior VP of business affairs at Gray. "The third Monday of August if you'd asked me if we'd be buying KCRG (in Cedar Rapids, Iowa), I would have laughed. The next day, we had lunch with them and we talked and came up with something that made sense and closed 14 days later."

The consolidation of the industry shows no sign of slowing up. In the near future, a handful of companies will run every station in the country.

Which means one bad boss could have a major impact on your career and your future employment. 

Something to think about.