Gourt Home::Gourt :: Taft Broadcasting
The Taft Broadcasting Company, also known as Taft Television and Radio Company, Incoporated, was a media conglomerate based in Cincinnati, Ohio. It has its roots in the family of William Howard Taft, the 27th President of the United States, whose nephew, Hulbert Taft, published the Cincinnati Times-Star newspaper and later founded WKRC radio.
History
- 1949 - Taft Broadcasting signs WKRC-TV in Cincinnati on the air.
- 1950 - Taft purchases WTVN-AM-TV in Columbus, Ohio, from Picture-Waves, Inc.
- 1957 - Taft purchases WBRC-TV in Birmingham, Alabama from Storer Broadcasting.
- 1963 - Taft purchases Transcontinent Broadcasting, which included WDAF-AM-FM-TV in Kansas City, Missouri, WGR-AM-TV in Buffalo, New York, and WNEP-TV in Scranton, Pennsylvania, and several other radio stations.
- 1967 - Taft purchases the Hanna-Barbera cartoon studio from its founders, Joseph Barbera and William Hanna.
- 1969 - Taft purchases WIBF-TV in Philadelphia and changes its calls to WTAF-TV. Taft is required to sell WNEP-TV as a result due to FCC regulations at the time prohibiting one company from owning two television stations with overlapping coverage areas.
- 1972 - Taft opens its first theme park, Kings Island, outside of Cincinnati. Taft would own five other theme parks through is KECO Entertainment division.
- 1978 - Taft launches WNNE-TV in White River Junction, Vermont.
- 1979 - Taft purchases WDCA-TV in Washington, D.C. from the Superior Tube Company. Around this same period, Taft also acquires independent distributor Worldvision Enterprises and QM Productions.
- 1983 - Taft exchanges WGR-TV to General Cinema Corporation's Coral Television subsidiary in return for WCIX in Miami.
- 1984 - Taft purchases Gulf Broadcasting, which included KTXA in Dallas-Fort Worth, KTXH in Houston, WTSP in St. Petersburg, Florida, KTSP-TV (now KSAZ-TV) in Phoenix and WGHP in High Point, North Carolina.
- 1987 - Taft sells its independent stations (WDCA-TV, KTXA, and KTXH) and Fox affiliates (WCIX and WTAF-TV) to the TVX Broadcast Group. Taft also sells WGR radio to Rich Communications.
- Later in 1987, Taft Broadcasting becomes Great American Broadcasting following a major restructuring of its operations. Carl Lindner, Jr., a Cincinnati-based investor, becomes Taft's majority stockholder and renames the company after his Great American Insurance Company. Great American spins-off WTVN-TV to Anchor Media, a new firm comprised of former Taft Broadcasting board members. Worldvision Enterprises is sold to Spelling Entertainment. A new company, led by former Taft Broadcasting president Dudley S. Taft Jr., retains WGHP and WNNE (until WNNE is sold to Heritage Media, then owner of WPTZ in Plattsburgh, New York in 1990), and later purchases another Philadelphia station, WPHL-TV.
- 1990 - Hanna-Barbera, along with much of the original Ruby-Spears library, is acquired by Turner Broadcasting, which becomes part of Time Warner in 1996 and is now Cartoon Network Studios.
- 1992 - KECO Entertainment, Great American's theme park division, is sold to Paramount and became Paramount Parks, later to be acquired by Viacom. Great American also reacquires WGHP from Dudley Taft.
- 1994 - Great American files for Chapter 11 bankruptcy and renames itself Citicasters.
- 1994 through 1996 - Citicasters begins breaking up its television stations unit, selling WKRC-TV and WTSP to Jacor Communications, WDAF-TV and KSAZ-TV to New World Communications, and WBRC and WGHP to the News Corporation's Fox Television Stations Group, which would later acquire the New World chain.
- 1996 - Citicasters, by then the owner of WKRC-TV and WTSP and several radio stations, including WKRC/WKRQ (the former WKRC-FM) in Cincinnati and WDAF in Kansas City, merges with Jacor (now part of Clear Channel Communications). Three months after the merger is completed, Jacor exchanges WTSP to Gannett in return for Gannett's radio stations in Los Angeles, San Diego and Tampa. A few months later, as a condition of the Citicasters-Jacor merger, Jacor sells WKRQ to American Radio Systems (ARS), which would become acquired by Infinity Broadcasting (now CBS Radio) in 1998. Then in 1997, Jacor sells WDAF radio to Entercom.
- 1997 - The Worldvision properties that had previously been under Taft and Great American (with the exception of the Hanna-Barbera and most of the Ruby-Spears material) are incorporated into Republic Pictures (today part of Paramount Pictures).
Today, although effectively defunct as a separate corporation, Citicasters continues to exist as a holding company within the complex corporate structure of Clear Channel.
Television stations formerly owned by Taft/Great American/Citicasters
- Does not include ownership by the second Taft Broadcasting, a company formed in the wake of the Great American takeover of the original Taft Broadcasting.
(now WTXF-TV)
(to become independent in Sept. 2006)
(to become My Network TV in Sept. 2006)
(to become My Network TV in Sept. 2006)
(now KSAZ-TV)
(now WFOR-TV 4)
(now WSYX)
1992-95
(now WGRZ-TV)
(semi-satellite of WPTZ)
External links
1949 establishments | 1997 disestablishments | Broadcasting companies of the United States | Media companies | Media companies of the United States | Entertainment companies | Entertainment companies of the United States | Defunct broadcasting companies
"Taft Broadcasting"