New Vision Television
 |
|
| Private | |
| Industry | Media |
| Fate | Acquired by LIN TV Corp. |
| Successor |
LIN Media Media General Nexstar Media Group |
| Founded | 1993 |
| Defunct | October 12, 2012 |
| Headquarters | Los Angeles, CA |
|
Key people
|
Jason Elkin, Chairman and CEO |
| Products | Television |
|
Number of employees
|
1550 |
New Vision Television was a broadcast company based in Santa Monica, California. Throughout its two decade plus history, the company owned or managed over 60 television stations in large and medium-sized markets.
Formed by Jason Elkin in 1993 in Atlanta, GA, New Vision Television began its ownership in local television by acquiring the assets of News-Press & Gazette Company 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-TV), 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 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 Cordillera Communications, Barrington Broadcasting, and Granite Broadcasting.
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