NBC and possibly one other network is in talks to take over management of KRON4, Broadcasting & Cable reports, citing bankruptcy court records.
KRON would presumably operate out of KNTV’s building in San Jose should the deal be worked out. NBC Local Media apparently isn’t the only network-owned group interested in running KRON4.
“The negotiations with NBC have progressed, and there is at least one other network interested,” reads a brief filed in the Chapter 11 bankruptcy case of KRON owner Young Broadcasting.
NBC said in a statement, “There have been some discussions around shared technical services, but there is no agreement at this point.”
Broadcasting & Cable contacted ABC and CBS, and each denied being in negotiations with Young. No word about KTVU or KOFY.
If a deal happens, Young would sell the KRON building on Van Ness Avenue, appraised in the $10 million neighborhood.