Fox is trying to get owned and operated station for years in San Francisco. I know that Fox is get ridding some of their o&o stations, but you have to realized that San Francisco is #6 in the DMA. Being in the top 10 markets, you'll make a ton of money from advertising vs. #18 or #52 in the market.
OK - sensible answer. So I have a follow-up question: is there so much potential for advertising money that it's worth paying the purchase price of either KNTV or KRON?...KOFY, maybe?
Even in this economy, KNTV has got to be worth a lot, and I know that the KRON's creditors will not let the station go for "fire sale" prices...otherwise it would have sold a few months ago.
Then there would be the additional cost to Fox for breaking their affiliation agreement with KTVU - assuming they would be moving Fox programming to their new O&O prior to the 2011 expiration of the agreeement.
Actually, if Fox really wants an O&O in the Bay Area, the most sensible solution by far (though possibly the most expensive solution) would be to buy KTVU.