DATE: May 8, 2018
SUBJECT:
Title
RESOLUTION CONSENTING TO ASSIGNMENT AND ASSUMPTION OF MEDIA AGREEMENTS FOR AS NEEDED SAN DIEGO UNIFIED PORT DISTRICT MARKETING AND OUTREACH CAMPAIGNS FROM MIDWEST TELEVISION, INC. TO KFMB TV, LLC (dba KFMB-TV, NFMB-TV, KFMB-FM, KFMB-AM) DUE TO A CHANGE IN STATION OWNERSHIP
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EXECUTIVE SUMMARY:
On January 9, 2018, the San Diego Unified Port District (District) Board of Port Commissioners (Board) adopted resolutions authorizing agreements with Midwest Television Inc. for as-needed District Marketing and Outreach Campaigns for KFMB-TV (CBS) TV station and KFMB-FM radio station. The operations and assets of Midwest Television, Inc. were purchased by Tegna, Inc. shortly afterward on February 14, 2018. Tegna, Inc. established the legal entity KFMB-TV, LLC to transact all business formerly conducted by of Midwest Television Inc. In order to continue business with both KFMB-TV (CBS) TV station and KFMB-FM radio station, the District will need the agreements signed by the new legal entity KFMB-TV, LLC., which is not anticipated to have any effect on District projects or timelines.
RECOMMENDATION:
Recommendation
Adopt a Resolution Consenting to Assignment and Assumption of as-needed San Diego Unified Port District Marketing and Outreach Campaign agreements from Midwest Television Inc. to KFMB-TV, LLC.
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FISCAL IMPACT:
The proposed Board action would have no additional fiscal impact to the District.
COMPASS STRATEGIC GOALS:
This agenda item supports the following Compass Strategic Plan Goals:
* A Port that the public understands, trusts and values
* A vibrant waterfront destination where residents and visitors converge
* A Port with an innovative and motivated workforce
* A financially sustainable Port that drives regional job creation and regional economic vitality
DISCUSSION:
On January 9, 2018, the Board adopted a resolution authorizing agreements with Midwest Television Inc. for as-needed broadcast media serv...
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