NBC is in what B&C calls “advanced negotiations” to partner with Young Broadcasting’s KRON, the former NBC affiliate in San Francisco which is now affiliated with MyNetworkTV.
The possible shared technical services agreement was revealed in documents filed last week related to Young’s bankruptcy proceedings.
In 1999, Young outbid NBC for the station, paying the huge sum of $823 million. Two years later, NBC moved its affiliation to KNTV in San Jose, which it later acquired for just $230 million, and the value of KRON plummeted.
According to the B&C article, "KRON would presumably operate out of KNTV headquarters should the deal be worked out. NBC Local Media apparently isn’t the only network-owned group interested in a management role at KRON. ‘The negotiations with NBC have progressed," reads the brief, "and there is at least one other network interested.’