New Vision Television

New Vision Television

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New Vision Television

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Description:
New Vision Television is a broadcast company based in Atlanta, Georgia. The company owns 10 television stations in medium sized markets.

History

New Vision I

Formed in 1993 in Atlanta, GA, New Vision Television began its ownership in local television by acquiring the assets of News Press Gazette in December 1993 for $110 million. The deal included television stations in Jackson, MS (WJTV, including semi-satellite WHLT in Hattiesburg); Wilmington, NC (WECT), Savannah, GA (WSAV); Sioux Falls, SD (KSFY and satellites KABY and KPRY); and Tucson, Arizona (KOLD). New Vision I sold its assets to Bert Ellis and Ellis Communications in 1995 for $230 million. (Most of them initially went to Raycom Media, but some had to be traded to Media General and KSFY was sold to Hoak Media.)

New Vision II

New Vision Television CEO Jason Elkin and COO John Heinen started a new company, New Vision Television II, that capitalized with $200 million and owned a maximum of four network affiliates. (Elkin had bought the stations from NPG that were sold to Ellis.) New Vision II owned KSBY in Santa Barbara, California; KVII-TV in Amarillo, Texas; WISE-TV in Fort Wayne, Indiana; and KDLH in Duluth, Minnesota. In 2005, New Vision II sold all of its stations at the time to Evening Post Publishing Company, Barrington Broadcasting, and Granite Broadcasting Group.

New Vision III

New Vision III was a restart of the company with new stations. On August 1, 2006, New Vision announced an agreement to...
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