Banks Broadcasting was a minority-owned broadcasting company which owned two television stations in the western United States. 50% of the company was owned by LIN TV, a large group broadcaster with clusters in the Northeast and Midwest and scattered stations elsewhere.
The President and CEO of Banks Broadcasting was Lyle Banks, who has formerly served as General Manager of WMAQ-TV, the NBC affiliate in Chicago. Banks Broadcasting was based in Winnetka, Illinois.
Banks Broadcasting was the owner of former WB Network and current The CW Television Network affiliate KSCW-TV in Wichita, Kansas from its launch in 1999 (as KWCV) until July 20, 2007 when it was officially sold to Schurz Communications, the owner of that market's CBS affiliate KWCH-TV.
On July 1, 2008 Banks Broadcasting agreed to sell Boise's current CW and former UPN station KNIN-TV to Journal Broadcast Group, owner of KIVI, which would have created Boise's first television duopoly group. The FCC initially denied Journal the "failing station waiver" which was required for this purchase. However, on January 19, 2009, the FCC reversed its earlier decision to reject the sale, which was finalized on April 24, 2009. KNIN officially switched its network affiliation to Fox on September 1, 2011.
Famous quotes containing the words banks and/or broadcasting:
“I am not impressed by the Ivy League establishments. Of course they graduate the best—it’s all they’ll take, leaving to others the problem of educating the country. They will give you an education the way the banks will give you money—provided you can prove to their satisfaction that you don’t need it.”
—Peter De Vries (b. 1910)
“We spend all day broadcasting on the radio and TV telling people back home what’s happening here. And we learn what’s happening here by spending all day monitoring the radio and TV broadcasts from back home.”
—P.J. (Patrick Jake)