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ACME Communications

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Website
  
ACMECommunications.com

Number of employees
  
141

Founder
  
Jamie Kellner

Type
  
Public (OTC Pink: ACME)

Industry
  
Television Broadcasting & Production

Key people
  
Jamie Kellner (Chairman) Doug Gealy (President/CEO) John Hannon(EVP) Stan Gill (COO)

Headquarters
  
Irvine, California, United States

Subsidiaries
  
ACME Television of New Mexico, LLC

ACME Communications was a United States-based broadcasting company that was involved in operations of television stations and programming from the late 1990s until 2013.

Contents

Company profile

ACME Communications was co-founded by Chairman and original CEO Jamie Kellner, who previously served as a Fox Television Network executive and was founding CEO of The WB Television Network. Kellner used the name ACME as a play on the fictitious Acme Corporation featured in Warner Bros.' Wile E. Coyote and Road Runner animated film series and other animated Warner media.

The ownership portfolio of ACME Communications included television stations generally located in medium-sized US media markets, all of which ACME obtained through acquisitions (save for one station in Knoxville that the company built from the ground up). All but one of ACME's stations were affiliated with The WB or converted to WB affiliation at purchase, likely playing on Kellner's previous relationship with that network. The ACME WB stations were among the first to line up affiliations with The CW Television Network when The WB and UPN amalgamated in 2006; the stations have continued affiliations with The CW to this day. ACME's station portfolio reached a peak of 11 stations in the early 2000s, at which time ACME also ventured into program production with the 2002 debut of The Daily Buzz, a syndicated daily morning news and information program that reaches 180 markets as of Spring 2013.

During the early 2010s, ACME set forth on cost-cutting efforts involving its assets and an admitted "exit strategy" from the television business, including the following:

  • A licensing and consulting agreement with Fisher Communications for The Daily Buzz, announced in April 2010, that would see Fisher handle production of Buzz.
  • A June 2010 agreement with LIN TV Corporation (with intent to purchase) involving stations in 2 markets where the companies had common ownership (Dayton, and Green Bay-Fox Cities), where the LIN stations would provide operational, administrative, and joint sales services for the ACME stations. At the same time, LIN TV also entered into an agreement to provide some services (including third-party accounting) for ACME's duopoly in Albuquerque.
  • A reduction and restructuring of its corporate staff, set forth in July 2010, that would see Jamie Kellner remain as company chairman but Doug Gealy taking over Keller's titles of President and CEO.
  • The sales of its last remaining stations: single stations in Dayton, Green Bay, Knoxville (all 3 in sales consummated in Spring 2011), and Madison (a February 2012 sale); as well as an Albuquerque/Santa Fe duopoly (September 2012).
  • The sale of The Daily Buzz to Mojo Brands Media in April 2013, which left ACME with no remaining broadcast assets and put the company into a closedown mode; ACME officially folded operations once it closed its outstanding accounts in December 2016. The Daily Buzz itself was abruptly canceled April 17, 2015 when a Mojo Brands investor pulled their funding for the series.

    • Programming

  • The Daily Buzz, a 3-hour-per-weekday morning news and information program geared toward a young adult audience. The show launched in 2002 from the studios of ACME-owned WBDT in Dayton, and from 2007 onward would originate from the studios of Full Sail University in Winter Park, Florida. The show was sold to Mojo Brands Media in April 2013, and was cancelled in April 2015.

    • Television stations

    Stations are arranged in alphabetical order by state and city of license.

    Note: With one exception, all the below listed stations were affiliates of The CW or its predecessor, The WB, during ACME Communications' ownership. The exception, KASY-TV, was affiliated with UPN and MyNetworkTV (and was briefly an independent), and was part of a duopoly with an ACME-owned WB/CW affiliate.

    References

    ACME Communications Wikipedia
    (Text) CC BY-SA


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