Trinity Broadcasting Networks has become a Trinity Broadcasting Network, as a broadcaster of television networks and a network of independent broadcasters, thanks to the agreement signed by its president and CEO John F. Kennedy.
The agreement with the American Broadcasting Companies is part of a larger deal that Trinity announced last week to transform itself into a multimedia platform.
Trinity’s parent company, ABC Communications, has agreed to pay a total of $9.9 billion to acquire the television networks owned by ABC, NBC, CBS and Fox.
This deal is part a larger plan to create a multimedia broadcaster that will include the ABC networks and the Fox networks.
It also will create a new multichannel multimedia network, a move that is expected to result in greater consolidation in the industry.
Trinity and its network, called Trinity Broadcast Network, will be called “Trinity Media Networks” in the deal.
The new network will be a new entity that will be part of ABC, the National Geographic, PBS, the Smithsonian Channel, and other broadcast networks.
In the deal, the networks that will now be part a Trinity Broadcasting will be owned by the ABC, National Geographic and PBS.
Trinity Broadcasting also will own the network of stations that will have been created by the network in addition to its television networks.
The companies have agreed to work together on programming and advertising.
“This is a major transformation in our company and its vision for the future,” said John F., Kennedy, president and chief executive officer of Trinity Broadcasting.
“Trinitarian is about redefining the way we produce and distribute our content, and we are proud to have a long-term partnership with the ABC and National Geographic.
This is a great example of our long-range commitment to our partners, our partners’ relationships and our partnerships with the community.”
Trinity will also become a multimedia company, but its current media properties will remain independent.
The company will continue to operate as a traditional television network.
Trinity has long had a commitment to the multichannels and has made several acquisitions of the media companies owned by its parent company.
Trinity is owned by AT&T, the parent company of Time Warner Cable and Verizon Communications, which have also agreed to buy its media assets.
The deal is the largest in history for the multicolor network of television stations, which will be named Trinity Media Networks.
Trinity will retain its television stations and the network’s existing multichannisters.
Trinity Broadcast has made an investment in the networks of its own, which are not owned by any of the companies named in the transaction.
The multichANNisters will continue under Trinity’s control.
The networks will be overseen by a new board of directors.
Trinity says the deal is a “transformational” deal.
“We’re excited to be a part of the multiphannel landscape that will benefit our members and the people of America,” said Bob McFarland, president of Trinity.
“By combining our assets, we can bring more people to our network and expand our reach.
Trinity was founded in 1954 and today has a network reach of over 1.5 billion households, including the vast majority of American households.”
In a statement, Bob McParland, chief executive of the network, said, “Trinitian Media Networks is thrilled to be part in the transformation of the Trinity Broadcasting network.
Trinity Networks is committed to creating a strong multimedia footprint that is both accessible and relevant to our communities, and to delivering a rich variety of content to our viewers.” “
I am confident this transaction will create opportunities for our network members and others to participate in this transformation.
Trinity Networks is committed to creating a strong multimedia footprint that is both accessible and relevant to our communities, and to delivering a rich variety of content to our viewers.”
John F Kennedy Jr., president of the American Conservative and publisher of the National Review, said in a statement that the new entity, Trinity Broadcasting, is a new television network that will make it easier for viewers to get to the news and entertainment they love.
“There is no other media entity with as many channels, as many programs, and with as much power to reach their audiences,” Kennedy said.
“The Trinity Broadcasting networks will bring more voices and ideas to our broadcast networks, and will allow them to better serve the interests of the communities they serve.”
The American Broadcasting Company, which has a $1.5 trillion debt and is owned primarily by AT & T and Comcast, has expressed concern about the potential for a consolidation of the television industry.
The television companies have argued that the combined companies will create greater concentration and drive up prices for their subscribers.
The National Association of Broadcasters has expressed concerns that a single television network may not be able to compete with the multiplatform offerings of a multiplatform network.
The deals are part of an ongoing effort by the Federal Communications Commission to encourage competition among the broadcasters and to create greater transparency about the activities of the cable and satellite providers.