Lionsgate Entertainment

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By Charles Reiff

Lionsgate production logo, courtesy of www.hollywoodreporter.com

Founded in 1997, Lionsgate is now a global entertainment corporation that handles film production and distribution, as well as television programming and syndication. Lionsgate also has a strong presence in home entertainment, family entertainment, digital distribution, and new channel platforms.

Once known as Lions Gate Entertainment, the corporation changed its name to “Lionsgate” in 2005. The company stated in a release: “The simplification of Lions Gate into the single word ‘Lionsgate’ represents the ongoing unification of the company’s diversified motion picture, television, home entertainment, family entertainment, documentary film, music publishing and video-on-demand businesses into a single, highly recognizable brand” [13].

Lionsgate has grown immensely in the past few years. In the past decade alone, it has increased revenues eightfold, from $180 million to almost $1.6 billion, its theatrical box office market share tenfold, the size of its library by a multiple of 15, and its television revenues are now 50 times what they once were, from $8 million in 2000 to $351 million in 2011 [1].

The Hunger Games

The Hunger Games, courtesy of imdb.com

Lionsgate enjoyed unprecedented success with its film The Hunger Games, which has earned $686.5 million around the world in the few months since its March 23rd premier, grossing $408 million at the North American box office. This puts it at the 3rd largest U.S. film of the year and the 13th highest grossing film of all time [12].

 

Key Executives [2]

Jon Feltheimer: Chief Executive Officer and Director

James Keegan: Chief Financial Officer and Chief Administration Officer

Dr. Mark H. Rachesky, M.D.: Chairman of the Board

Michael Burns: Vice Chairman and Director

Wayne Levin: General Counsel and Executive Vice President, Corporate Operations

Brian Goldsmith: Co-Chief Operating Oficer

Steven Beeks: Co-Chief Operating Officer and President, Motion Picture Group

 

Recent News

September

The Possession, courtesy of imdb.com

September 3rd, 2012

Lionsgate’s The Possession, a terrifying horror film about a young girl who’s body has been taken over by an evil spirit, was the top ticket seller at the box office over Labor Day weekend. The horror film grossed $21.3 million over the four day-weekend, making it the second-highest Labor Day opening ever, behind only Halloween, which opened with $30.6 million during 2007’s Labor Day weekend. The film was produced by Sam Raimi’s Ghost House Pictures with a budget of only $14 million, and stars Jeffery Dean Morgan and Kyra Sedgwick.

To read the full LA Times article on 2012’s labor day weekend ticket sales, click here [11].

 September 17th, 2012

Celestial Tiger Entertainment, one of the largest independent entertainment companies in Asia, announced that it has expanded its content distribution deal with Lionsgate to cover all of East Asia. Now Lionsgate will be represented by Celestial Tiger Entertainment in Greater China and Southeast Asia, and CTE will be distributing all Lionsgate television content and feature films to Japan and Korea [8].

To read the full article by Yahoo! Finance, click here [8].

October

October 5th, 2012

Brian Goldsmith, after serving as executive vice president of corporate development and strategy since 2008, was promoted to co-chief operating officer, alongside Steve Beeks, to handle corporate development for the studio’s platform of channels and digital projects [7]. Goldsmith was recognized for his work in Lionsgate’s acquisition of Summit Entertainment in January, as well as the partnerships with Viacom and MGM in the Epix channel, Sony and Comcast in the FEARnet channel, as well as the output deal with Celestial Tiger Entertainment in Asia [7]. “Brian played a leadership role in many of the initiatives that made 2012 a transformative year for us,” said Lionsgate CEO Jon Feltheimer and vice chairman Michael Burns [7].

For the full article from Variety, click here [7].

October 30th, 2012

Domino’s, a leading pizza franchise that specializes in lightning-fast delivery, made a video-on-demand deal with Lionsgate U.K., in which customers who order pizza from the Domino’s website will also be able to instantly watch Lionsgate titles online. Domino’s sales and marketing director Simon Wallis is excited about their move with the video-on-demand service, as he described pizza and film as “a match made in heaven” [9]. Touching on the service’s universal appeal, Wallis said: “we pride ourselves on offering a vast choice when it comes to pizza, and the same is true of Domino’s Pizza Box Office–whether you’re into action, horror, or romantic comedies, there’s something for every pizza-eating occasion” [9]

Domino’s “Pizza Box Office” venture with Lionsgate, courtesy of tqs.com

To read the full Variety article, click here [9].

 

November

November 1st, 2012

Lionsgate has made a strong active effort to sign output deals with major distributors. On November 1st the company announced a partnership with Belgium’s Belga Films for release of the studio’s titles in the Benelux. Jerome de Bethune, COO of Belga Films, said “this output agreement provides us with a consistent pipeline of some of the most commercially exiting films in the world, including the next three installments of the blockbuster Hunger Games franchise” [4].

Lionsgate has forged output deals with StudioCanal in Germany, Nordisk Films in Scandanavia, Alliance’s Aurum Producciones in Spain, Roadshow Pictures in Australia and Metropolitan Filmworks in France.

To read the full Hollywood Reporter article on the deal with Belga Films, click here [4].

To read the full Hollywood Reporter article on the deal with Metropolitan Filmworks, click here [5].

Michael Burns, courtesy of www.hollywoodreporter.com

November 5th, 2012 

Lionsgate vice chairman, Michael Burns, announced the extension of his contract through October 2017. Burns, after acquiring Summit Entertainment and having such great success with The Hunger Games, is maintaining his position as vice chairman for another five years. “We’re delighted that Michael will continue to help guide Lionsgate’s growth through 2017,” said Lionsgate CEO Jon Feltheimer [6].

To read the full article from The Hollywood Reporter, click here [6].

November 28th, 2012

Lionsgate, in an attempt to further create an international distribution network with top partners around the world, announced yet another output deal, this time with Russia’s West Company. The deal will allow Lionsgate films and television shows to be distributed in Russia and other nations of the Commonwealth of Independent States (CIS) region.”Our Lionsgate and Summit labels have both successfully partnered with West Company on numerous films in the past, including the blockbusterTwlight franchise,” said Lionsgate Motion Picture Group Co-Chairs Rob Friedman and Patrick Wachberger [11]. “This new output agreement for Lionsgate titles is a natural evolution of our alliance that promises significant benefits for both our companies for many years to come” [11].

To read the full press release from Yahoo! Finance, click here.

December

December 3rd, 2012

The weekend from Friday, November 30th to Sunday, December 2nd was the third weekend in a row that Breaking Dawn – Part 2–the final installment of the teen vampire Twilight saga from Lionsgate–led U.S. and Canadian ticket sales, outselling both the James Bond film Skyfall and Lincoln. As of December 3rd, according to Bloomberg’s website, this fifth film in the series has taken in $254.6 million in domestic sales, exploiting a post-Thanksgiving lull in big releases to stay on top of the box-office standings. The five Twilight films have taken in $1.33 billion in domestic theaters, according to Box Office Mojo, making it the eighth most successful film franchise of all time [10].

 

Works Cited

[1] Lionsgate http://investors.lionsgate.com/phoenix.zhtml?c=62796&p=irol-homeprofile

[2] Daily Finance http://www.dailyfinance.com/quote/nyse/lions-gate-entertainment-corp-usa/lgf/key-executives?source=esadlfltnal0001

[3] Paul Bond http://www.hollywoodreporter.com/news/hunger-games-boosts-lionsgate-stock-388322

[4] Etan Vlessing http://www.hollywoodreporter.com/news/lionsgate-inks-output-deal-belgiums-385221

[5] Etan Vlessing http://www.hollywoodreporter.com/news/lionsgate-signs-output-deal-frances-384726

[6] Etan Vlessing http://www.hollywoodreporter.com/news/lionsgate-vice-chair-michael-burns-contract-2017-386348 

[7] Jill Goldsmith http://www.variety.com/article/VR1118060342

[8] Yahoo! Finance http://finance.yahoo.com/news/celestial-tiger-entertainment-expands-content-130000096.html

[9] Variety Newsroom http://www.variety.com/article/VR1118061416

[10] Box Office Mojo http://boxofficemojo.com/search/?q=twilight

[11] Amy Kaufman http://articles.latimes.com/2012/sep/03/entertainment/la-et-ct-box-office-possession-oogieloves-lawless-20120903

[12] Yahoo! Finance http://finance.yahoo.com/news/epix-kicks-off-2013-worldwide-150000018.html

[13] Brian Brooks http://www.indiewire.com/article/film_company_lions_gate_is_now_lionsgate

Metro-Goldwyn-Mayer

Posted on by 
by Will McDonald

MGM Studios
10250 Constellation Boulevard
Los Angeles, CA 90067
(310) 449-3000
www.mgm.com

MGM’s Logo

[1]

About:

MGM Studios Inc. is a privately held entertainment company that produces motion pictures and television programs worldwide. It has won over 175 Oscars, including 14 Best Picture wins. Leo the Lion is MGM’s mascot, who appears at the beginning of all of the films. Above the lion on the mascot is MGM’s logo “Ars gratia artis,” which is Latin for “Art for art’s sake.”
[2]

Major Competition:

Lions Gate Entertainment 
Sony Pictures
Twentieth Century Fox Film Corporation
[3]

Key Executives: 

Gary Barber-Chairman and CEO
Ken Schapiro-Chief Operating Officer
Jonathan Glickman-President of the Motion Pictures Group
[4]

In October, Chairman and CEO Gary Barber announced that Jonathan Glickman will continue his role as president of the Motion Pictures Group until 2017.
[5]

Jonathan Glickman

[6]

Brief History of MGM: 

In 1924, MGM came to be when Marcus Loew arranged a merge between Goldwyn Pictures, Metro Pictures Corp, and eventually Louis B. Mayer Pictures, creating Metro-Goldwyn-Mayer. The studio dominated the Hollywood industry for many years, discovering many new stars and producing award winning movies, such as Gone with the Wind and The Wizard of Oz.
[2]

In 2010, MGM filed for bankruptcy, hindering their ability to make new movies. Fortunately, that same year, MGM emerged from this crisis and began to produce movies again.
[7]

Finances: 

In November 2012, MGM reported a $23.4 million net profit for the the third quarter in 2012, increasing from the $15.2 million net profit from the third quarter in 2011. MGM had a $4.3 million loss in operating income, as opposed to its $32.8 million gain in the third quarter of 2011. CEO Gary Barber claimed that the results were hurt by distribution and marketing costs of the films, which MGM spent more money on this year than the previous year. Yet, he remains optimistic, as MGM expects to have a substantial increase in revenue in the fourth quarter results with the succesful release of Skyfall and the highly anticipated The Hobbit: An Unexpected Journey.
[8]

Recent News:

In October 2012, MGM won appeals court in a long battle against the financial backers of the movie Madison, starring Jim Caviezel. In 2009, the backers of the 2005 film sued MGM, claiming that MGM’s failure to distribute the film cost them millions of dollars. The backers of the film sued the studio in Illinois, but the court ruled in favor of MGM, deciding that MGM did not have enough contact with this state as a basis for the lawsuit.
[9]

Roger Birnbaum, who became co-CEO with Barber in December 2010, recently stepped down in November to become one of MGM’s producers. He wanted to focus more on movies and talent, instead of working on the business side of the film industry. He will begin his new role as the executive producer of RoboCop, set to release in 2014. RoboCop is a remake of the 1987 film.
[10]

Relevant Movies:

Co-produced by MGM and Time Warner, The Hobbit: An Unexpected Journey, based on J.R.R. Tolkien’s novel The Hobbit, will be released in the United States on December 14, 2012. This film is expected to break box office records, contributing to an annual box office increase, which hasn’t happened since 2009. Media analysts predict that this film will help draw viewers into the movie theaters again, despite the growing competition of the television and the Internet. This film has been widely anticipated, ever since the release and success of the Rings trilogy. This film will also be released in 3D and IMAX. The director of the film, Peter Jackson, shot the film in 48 frames per second, compared to the 24 frames per second of standard films. His goal was to make the audience feel more engaged and part of the journey. Some fear that this will make them feel sick, but scientists assure audiences that this won’t be an issue.
[11][12]
       [13]

According to the movie’s twitter handle, @TheHobbitMovie, audience members can buy their tickets ahead of time through Fandago, an online service that sells movie tickets via the internet, and get a free song from the soundtrack in exchange.
[14]

Skyfall, MGM’s latest James Bond movie, has brought in $869 million worldwide. MGM co-produced this movie with Eon Productions and Sony Pictures. This latest chapter in the franchise is the highest grossing James Bond movie of all time, starring Daniel Craig and Javier Bardem. This film was released on the 50th anniversary of the series, directed by Oscar winner Sam Mendes. Skyfall came very close to the #1 spot at the box office the first weekend of December, with Summit Entertainment’s The Twilight Saga: Breaking Dawn-Part 2 barely edging it out. Skyfall helped break the domestic box office record for Thanksgiving weekend, raking in $290 million. The previous record was $273 million in 2009. This was also the first Bond film to ever appear in IMAX.
[15][16]

In addition to the US market, Skyfall was a sensation in foreign markets, not only as the most succesful film of 2012 at the UK box office, surpassing Dark Knight Rises, but also as the highest grossing film in the UK box office history, surpassing Avatar. On its opening weekend in various foreign markets, it debuted as number one in 25 different countries.
[17] [18]


[19]

On November 21, MGM released a remake of the 1984 film Red Dawn, grossing a domestic total of $38.4 million as of December 5, yet with an estimated $65 million production budget. Despite the famous stars of the movie, such as Josh Hutcherson, Josh Peck, and Chris Hemsworth, this action remake has received negative ratings amongst the critics, with a small 12% score from Rotten Tomatoes, a popular website that reviews films. Filming of Red Dawn was completed in 2009, and was set to be released in November 2010, but MGM’s financial troubles made this difficult, therefore the film was not released until two years later.
[20][21]

“Red Dawn” (2012) movie poster

[22]

International deals: 

In September 2012, pay TV company C More Entertainment renewed a multi-year licensing agreement with MGM, giving this Nordic region TV channel provider the rights to air a large selection MGM’s movie library on linear and on-demand channels. This gives C More the right to air both movies that have already been released, such as Girl With the Dragon Tattoo, and movies that have yet to be released, such as The Hobbit trilogy. This deal also ensures that C More subscribers can watch all the movies on different platforms, such as computers and mobile devices via their internet service, C More Play.
[23]

This is the logo for C More Entertainment, a pay TV company for the Nordic region.

[24]

MGM renewed partnership with Sky Italia, a new Italian satellite platform, enlarging MGM’s library on Sky Cinema. Starting in September, Sky Cinema Classics began hosting the best of MGM catalogue in high definition, with almost 200 titles per year. These films will also appear on Sky On-Demand, a new innovation from Sky Italia.
[25]

Sky Italia’s logo

[26]

Upcoming projects:

MGM and Paramount Pictures will co-produce Hercules, a famous fiction movie about a heroic man. MGM was initially the only studio involved in the project, but Paramount recently signed on to produce as well. The film is set to start filming in the beginning of 2013, with Brett Ratner as the director. The film has confirmed Dwayne Johnson to star in the film. Ryan Condal wrote the script, which he adapted from the novel, Hercules: The Tharacian War.
[27]

To keep updated with all of MGM’s other projects, follow them on Twitter and like them on Facebook.

References

1. MGM Logo courtesy of Google Images

2. http://www.mgm.com/#/about/mgm-history

3. http://biz.yahoo.com/ic/104/104990.html

4.  http://www.mgm.com/#/about/mgm-today

5. http://www.hollywoodreporter.com/news/jonathan-glickman-as-president-mgm-378957

6. Jonathan Glickman courtesy of Google Images

7. http://www.forbes.com/sites/dorothypomerantz/2010/12/20/mgm-out-of-bankruptcy/

8. http://www.hollywoodreporter.com/news/james-bond-hobbit-raise-hopes-391209

9. http://www.hollywoodreporter.com/thr-esq/mgm-wins-appeals-court-ruling-377720

10. http://www.deadline.com/2012/10/mgm-co-chairman-ceo-roger-birnbaum-steps-down-will-become-producer-gary-barber-to-become-sole-chairman-ceo/

11. http://www.timeslive.co.za/entertainment/2012/12/03/hobbit-may-bring-a-hollywood-ending-to-2012-box-office

12. http://www.nbcmiami.com/news/tech/The-hobbit-Coming-at-You-in-48-Frames-per-Second-182238431.html

13. http://youtu.be/G0k3kHtyoqc

14. https://twitter.com/thehobbitmovie

15. http://www.boston.com/ae/movies/2012/12/02/twilight-skyfall-remain-top-picks-for-fans/CNoybhjsUlxjedPQxHXfBI/story.html

16.http://www.sourcenewspapers.com/articles/2012/11/27/news/doc50b53b9e4574f390701931.txt

17. http://www.guardian.co.uk/film/2012/nov/09/skyfall-biggest-seller-box-office

18. http://www.hollywoodreporter.com/news/skyfall-becomes-biggest-uk-box-office-398138

19. http://youtu.be/bqGt3exPArA

20. http://www.boxofficemojo.com/movies/?page=main&id=reddawn10.htm

21. http://www.imdb.com/title/tt1234719/trivia

22. Red Dawn poster courtesy of Google Images

23. http://www.telecompaper.com/news/c-more-entertainment-renews-deals-with-mgm-paramount–898595

24. C More Entertainment logo courtesy of Google Images

25. http://www.eutelsattvawards.com/a-new-agreement-for-a-stronger-partnership-between-sky-italia-and-mgm/

26. Sky Italia logo courtesy of Google Images

27. http://movies.yahoo.com/news/paramount-boards-mgms-hercules-dwayne-johnson-officially-attached-231316144.html

Emmis Communications Corporation

Posted on by 
by Mia Kuhn

The Emmis Comunications Corporation’s logo. Image courtesy of Emmis Communications.

Address: One Emmis Plaza
            40 Monument Circle, Suite 700
Indianapolis, Indiana 46204
E-mail: IR@emmis.com
Phone: 317.266.0100

Website: emmis.com

INTRODUCTION

As the 9th largest radio group in the United States, Emmis Communications Corporation (NASDAQ: EMMS) owns and runs several magazine and radio systems. Emmis operates on the medium to large scale for its market size and has been formally acknowledged as the Most Respected Radio Company in a poll by some of the industry’s leading CEOs. [1]

Company Overview:

New York City’s source for all things Hip-Hop. “Where Hip-Hop Lives.” Image courtesy of WQHT-FM.

Emmis has been evolving since 1979 when Jeff Smulyan and a couple others bought WSVL in Shelbyville, Indiana. One purchase after another, the company has accumulated properties to build what is now a global enterprise with stations from Austin, Texas and St. Louis, Missouri to Hungary, Slovakia, and Bulgaria. Emmis went public in 1994 and now holds ownership over some of the nation’s largest markets, such as New York City’s WQHT-FM (Hot 97) and Los Angeles’s KPWR-FM (Power 106). [2]

As one of the best places to work in Indiana 2012, Emmis stands for a conducive working environment while it also maintains reputable radio, publishing, digital, social impact, and TagStation® and NextRadio™ operations. The company has embodied a definitive “Emmis  culture,” where they believe in risk-taking and positive guidance of employees in order to get innovative and creative outcomes while having fun.

Emmis Communications Corportation was voted one of the best places to work in Indiana in 2012. Image courtesy of emmis.com.

Corporate Philosophy (1 being most important):

  1. Take care of your audiences and advertisers – think of them and you’ll win.
  2. Be passionate about what you do and compassionate about how you do it.
  3. Be good to your people – get them into the game and give them a piece of the pie.
  4. Never jeopardize your integrity – we win the right way or we don’t win at all
  5. Believe in yourself – if you think you can make it happen, you will. [3]
Despite the radio industry weakening with the emergence of online radio presence and more popular news and music acquiring devices, Emmis proceeds to shed positive light on the matter by embracing its corporate philosophy. The corporation’s administration is currently following its eleven commandments to create new and interesting projects.

“Great media. Great People. Great Service.” Screenshot of a graphic of Emmis Communications Corporation’s logline from emmis.com.

CURRENT ADMINISTRATION

Board of Directors:

Jeff Smulyan, Chairman of Board, President, and CEO of Emmis Communications. Image courtesy of emmis.com.

Jeff Smulyan is the Chairman of the Board and CEO of Emmis Communications. He graduated cum laude with a B.A. in Telecommunications and History from University of Southern California. Smulyan’s education propelled him into radio. He managed a station in Indianapolis and Omaha prior to forming Emmis in 1980. Smulyan has held several high-esteemed positions in the radio field; he is the former director of the National Association of Broadcasters, former Chairman of the Board of Directors of the Radio Advertising Bureau, and past chair of the Central Indiana Corporate Partnership. [4]

Patrick Walsh, EVP, CFO, and COO of Emmis Communications. Image courtesy of emmis.com.

Patrick Walsh has been the Executive Vice President, Chief Financial Officer, and Chief Operating Officer of Emmis Communications since 2006. Walsh earned a degree in business from the University of Michigan and gained much of his experience from being the CFO and Senior Vice President at iBiquity Digital Corporation. [5]

Company Officers (In addition to Jeff Smulyan and Patrick Walsh):

  • Rick Cummings –  President of Programming for Emmis Radio
  • Scott Enright –  Executive Vice President and General Counsel
  • Greg Loewen –  President of Publishing and Chief Strategy Officer
  • Paul Brenner –  Senior Vice President – Chief Technology Officer
  • Ian D. Arnold – Vice President, Associate General Counsel and Assistant Secretary
  • Ryan A. Hornaday –  Senior Vice President of Finance and Treasurer
  • Valerie C. Maki –  Senior Vice President – Emmis Radio Division, Los Angeles Market Manager
  • Deborah Paul – Executive Vice President – Editorial Director – Publishing
  • Traci L. Thomson – Vice President of Human Resources

Board of Directors:

  • Susan Bayh – Visiting Professor, Butler University
  • Gary Kassef – Former Executive Vice President and General Counsel
  • Richard Leventhal – President & Majority Owner of LMCS, LLC.
  • Peter Lund – Media Consultant and former President & CEO of CBS Television
  • Greg Nathanson – Former Television Division President
  • Lawrence Sorrel – Tailwind Capital Partners

Other Key Executives

  • Angie May Cook – Vice President, Emmis Digital
  • Sarah Harris – Founder, Incite
  • Alexandra Cameron – Senior Vice President, Emmis Radio Division; New York Market Manager
  • Amy Saralegui – Vice President/Group Publisher, National Sales, Emmis Publishing [6]

FINANCES

Most Recent Financial Data:

A press release from October 12, 2012 describes Emmis Communication’s second quarter as being negatively impacted by “station divestitures.” The past year illustrates net revenue for the second fiscal quarter increased 1 percent, from $54.4 million to $55.0 million.  Pro forma radio net revenues increased 2 percent, from $41.4 million to $42.0 million. This growth in radio revenues exceeded market revenue growth in the quarter, which was less than 1 percent. The Motley Fool nasdaq report card contains the most recent analysis and assessments of NASDAQ:EMMS. [7]

Emmis Communications Corporation notes solid growth in second quarter pro forma revenue growth. This table reconciles reported results (dollars are in thousands). Image courtesy of emmis.com.

Emmis Communications also has a more detailed and consolidated version of their second quarter Financial Data and Subsidiaries Report available for viewing.

Emmis Communications- Class A (EMMS) Snapshot. Screenshot courtesy of investing.businessweek.com.

Competition:

With the radio industry already struggling with the emergence of MP3s, Internet radio, and specializing radio services, it doesn’t help Emmis Communications that it has to compete against bigger radio corporations. The company’s top three competitors are Clear Channel Communication, Inc., Citadel Broadcasting Corporation, which was bought by Cumulus Media, and CBS Radio Inc. [8]

Companies financially relative to Emmis Communications. Screenshot courtesy of Google NASDAQ data.

EMMIS COMMUNICATIONS HERE AND NOW

Emmis Radio:

August 22, 2012, Emmis Communications’ Terre Haute, Indiana sector signed an agreement to add an ESPN brand station, WSDM-FM, to its collection. It also managed to acquire WSDX-AM. Both of these stations were signed over by Crossroads Investments LLC. Both groups also signed a Local Programming and Marketing Agreement (LMA) that allowed Emmis-Terre Haute to organize and sell advertising on the stations. This agreement went active Septembers 1, 2012. [9]

WIBC, 93.1 FM, Indy’s News Center. Image Courtesy of WIBC and Emmis Communications.

On November 17, 2012, Emmis bought an Indianapolis- area translator for $375,000 from Kaspar Broadcasting, Co., Inc. The official document filed with the FCC stated the new acquisition will rebroadcast Talk WIBC, Indianapolis. [10]

In addition to these recently acquired stations, Emmis currently has these FM and AM stations nationally and internationally –

Austin, Texas

KGSR-FM (93.3)

KLBJ-AM (590)

KLBJ-FM (93.7)

KROX-FM (101.5)

Comedy 102.7

KLZT-FM(107.1)

KBPA-FM (103.5 BOB)

St. Louis, Missouri

KSHE-FM  (KSHE95)

KPNT-FM (105.7 The Point)

KFTK-FM (FM NewsTalk 97.1)

KHIT-FM (K-Hits 95)

Indianapolis, Indiana

WLHK-FM (97.1 Hank FM)

WIBC-FM (93.1 FM)

WFNI-AM (1070 The Fan)

WYXB-FM (105.7 FM)

Network Indiana

Terre-Haute 

WTHI-FM (99.9 FM)

WWVR-FM (105.5 FM)

WFNF-AM (1130 The Fan)

Slovakia

X Radio Expres

Bulgaria

Radio Star FM

Radio FM+

Radio Fresh [11]

Emmis Publishing:

Screenshot of “Los Angeles Magazine” graphic. Image courtesy of www.lamag.com.

Emmis currently has publications in California, Georgia, Ohio, Indiana, and Texas. The corporation has been involved magazine publication since 1988 and is currently operating 6 different magazines. In California, “Orange Coast” and “Los Angeles Magazine” in Georgia, “Atlanta“, in Ohio “Cincinatti” , in Indianapolis, “Indianapolis Monthly“, and in Texas, “Texas Monthly“. [12]

December 2012 Issue of Los Angeles Magazine. Screenshot courtesy of www.lamag.com.

Features of December 2012’s issue of “Los Angeles Magazine” include winter escapes, a holiday gift guide, and seasonal delicacies. The magazine concentrates on providing consumers information on what’s best in LA. From “The Guide” giving the 30 best places to go this month to what films are must see. [13]

Emmis Digital:

Emmis is keeping track of their mentions using the Twitter handle of @EmmisDigital. This sector is strictly social media content. Emmis is also present on Facebook. [14]

Emmis Communications Applications:

October 4, 2012, Emmis Interactive was sold to Marketron in order to provide Emmis Communications Corporation the ability to maximize commercialization of its FM/Analog Radio Smartphone application. Although Emmis sold their property, they still proceed to work with Marketron Interactive on their future developments and distributions of the renowned Digital Suite of software and services. These deluxe systems include BaseStation®, GeoStation® and Guidable™.  Emmis Communications remains a primary customer of Marketron and will gain a portion of its economic successes. [15]

NextRadio is the future of smartphone radio reception for Emmis Communications. Screenshot courtesy of www.tagstation.com.

As of November 28, 2012, the new HD radio application called NextRadio™ was in the final steps of beta testing, according to Emmis. The corporation intends on marketing NextRadio™ to wireless carriers so consumers can listen to live and local radio without having to absorb their data plans. Emmis Communications Corporation continues to build their current TagStation® application and have high hopes for a successful launch of the NextRadio™ service. [16] [17]

 

Resources

[1] Who We Are: About Emmis Communications,  http://www.emmis.com/who-we-are

[2] Who We Are: The Emmis Story, http://www.emmis.com/who-we-are/history.aspx

[3] The Eleven Commandments of Emmis Communications, http://www.emmis.com/who-we-are/eleven-commandments.aspx

[4] Jeff Smulyan, Chairman, President, & CEO, http://www.emmis.com/who-we-are/executives/smulyan.aspx

[5] Patrick Walsh, EVP/CFO/COO, http://www.emmis.com/who-we-are/executives/walsh.aspx

[6] Executives, http://www.emmis.com/who-we-are/executives.aspx

[7] Emmis Communications Reports Solid Second Quarter Pro Forma Revenue Growth, http://www.emmis.com/press/story.aspx?ID=1790065

[8] Top Competitors for Emmis Communications Corporation, http://www.hoovers.com/company-information/cs/competition.Emmis_Communications_Corporation.4eb71fc85d36c170.html

[9] Emmis -Terre Haute to Acquire WSDM-FM/WSDX-AM, http://www.prnewswire.com/news-releases/emmis-terre-haute-to-acquire-wsdm-fmwsdx-am-emmis-terre-haute-moves-into-new-facility-167040985.html

[10] Emmis Buys Indianapolis-Area Translator, http://www.allaccess.com/net-news/archive/story/112695/emmis-buys-indianapolis-area-translator

[11] Emmis Radio, http://www.emmis.com/what-we-do/radio/

[12] Emmis Publishing, http://www.emmis.com/what-we-do/publishing/

[13] Los Angeles Magazine, December 2012, http://www.lamag.com/toc/2012/11/21/december-2012

[14] Emmis Digital, http://www.emmisdigital.com/

[15] Emmis Sells Emmis Interactive to Marketron, http://finance.yahoo.com/news/emmis-sells-emmis-interactive-marketron-160100094.html

[16] New App For HD Radio in Smartphones Now in Final Beta Tests, http://consumerelectronicsdaily.com/Content/nextradio-app-will-enable-hd-radio-reception-in-smartphones-next-year-emmis-says.aspx

[17] What’s Next? Emmis Preparing for NextRadio™ for Smartphone Introduction in 2013, http://www.emmis.com/press/story.aspx?ID=1812333


Buckley Radio

Posted on by 
by Ben Aaron

Contact Buckley Radio:

166 West Putnam Ave.
Greenwich, CT 06830
Phone: (203) 661-4307

 

Buckley Broadcast Group (or Buckley Radio) is a privately-owned company that operates about 18 radio stations in New York, Connecticut and California. The company also owns the WOR Radio Network, which independently produces and distributes syndicated radio programming to about 390 affiliated stations through WOR 710, its historically successful flagship news/talk station. [1]

Station List:

New York

  • WOR and the WOR Radio Network (Based in NYC, both are in the process of being sold to Clear Channel)
  • WFBL and WSEN – Syracuse (sale pending to Leatherstocking Media Group)

Connecticut

California

  • KLLY
  • KKBB
  • KNZR
  • KSMJ
  • KWAV
  • KIDD
  • KYZZ
  • KUBB
  • KHTN
  • KSEQ

History: 

Buckley Broadcasting was founded in 1956 by Richard Dimes Buckley. The company operated modestly, acquiring a few properties for its first few years, until Buckley’s son took over as President in 1972. His father had a strong influence on him both in business strategy and in the commitment to keep the business family-owned and operated. Stations in small and medium-sized markets like Hartford, CT and Fresno, CA (Q97 and WDRC) have remained the company’s focus. Buckley owns several of some of the United States’ oldest radio stations, including WDRC 102.9 and WOR 710.

WFBL Syracuse was the first station to receive an FCC license, and WOR 710 has remained one of New York’s most succesful talk radio stations since it became the first NYC-based station in 1922. Buckley purchased WOR in 1989, keeping almost its entire format the same while changing a few personalities. Then-president Richard Buckley refused offers to sell multiple stations including WOR and its nearly one million listeners.

After Buckley’s passing, current CEO Joe Bilotta sold WOR 710, and the WOR Radio Network with it, to Clear Channel Communications. It marks the sale of Buckley’s most popular and profitable station, which is reportedly causing people to anticipate the total dissolution of the company. [2]

WOR 710 Personalities:

Joan Hamburg                                                     Gov. David Paterson


                   Joe Bartlett                                                               Dr. Joy Browne

                                  

              Mike Gallagher                                                           The Frommers

               Dave Ramsey                                                         Dottie Herman

Properties:

The stations owned by Buckley Radio cover seven markets ranging from relatively small (those in Connecticut and parts of Fresno) to the large NYC market reached by WOR. Programming distributed by the WOR Radio Network includes The Frommers, Top 40 charts, and Warren Eckstein.
The sale of WOR to Clear Channel is ongoing and expected to end by Jan. 2013. Buckley and Clear Channel have long been competitors in the California, Connecticut and New York markets, and WOR 710 will be Clear Channel’s sixth station in New York, and one of the nearly 900 properties owned by Clear Channel. The station is expected to see a dramatic ratings increase with the implementation of Clear Channel-owned programming like Sean Hannity and Rush Limbaugh, causing investors to worry that Buckley will not be able to come back after losing its biggest property.

People:

As president of Buckley Broadcasting for nearly 40 years, Richard Buckley worked extensively in the broadcast industry and received numerous accolades. He served as President of several Buckley-owned California stations for a number of years, and temporarily served as the music director for WNEW-AM. He was named one of Radio Ink’s 40 Most Powerful to being inducted into the New York State Broadcaster’s Associate in June 2011. Buckley unfortunately passed from a brain embolism a month later. Joe Bilotta was immediately promoted from Chief Operating Officer to President and Chief Executive Officer, and issued a statement.

Said Bilotta, “It is with a deep and profound sadness that I must inform you that early Sunday morning, Rick Buckley passed away… He led the company that bears his name for over 4 decades and did so in a style and manner that reflected the family nature of his business. He loved Radio, loved his company and cared deeply for all of his employees.” [3] 

Bilotta has extensive experience in the broadcast industry. He’s on the National Broadcasters Association’s Board of Directors, and serves on the Executive Committee for the Radio Advertising Bureau. Other key executives include Kathy Baker, the Executive Vice President of West Coast operations, and General Managers Eric Fahnoe and Steve Darnell.

Kathy Baker, Executive Vice President of Buckley Radio-West Coast

Richard Buckley, former President (1972-2011)

Joe Bilotta, current President & CEO 

 

 

 


Relevance:

Radio continues to be relevant as new platforms emerge. 93% of U.S. citizens claim to regularly use radio, and 56% of people use online radio. Several Buckley stations are listened to via TuneIn’s streaming service in countries outside the U.S. Commercial radio use is increasing by over 300% in countries such as Africa and India, 30% of men in Pakistan listen to the radio on their phones, and 75% of people in multiple countries including Peru listen to the radio daily. While new platforms continue to emerge and the internet’s popularity booms, radio is certainly still being used. [5] , [11]

Multimedia:

Buckley has seen limited integration into platforms outside of radio. Every Buckley-owned station has a corresponding website with diverse features including event calendars, merchandise stores and memberships for communicating with other fans. The company partnered with online radio-streaming service TuneIn in late March 2012 to provide streaming for 12 of the more popular Buckley-owned stations including WOR 710 and KUBB 96.3. The streaming platform reaches tens of millions of listeners in over 100 countries, including Buckley stations. [6]

The company operates a YouTube channel focused on Monterey, CA events, specifically those attended by the Monterey-based Z97.9. Videos include KWAV 96.9 FM at the Monterey County Fair, and the following clip of KWAV at Central Coast’s Got Talent.

Recent News and Looking Ahead:

The continuing sale of WOR 710 and the WOR Radio Network is likely to have a moderate impact on Buckley Radio’s future growth and business model. The revenue from distributing WOR-produced programming is substantial, leading some to think President Bilotta is looking to sell the company after 50 decades of family ownership. Bilotta said of the sale, “For more than 23 years, Buckley Radio has been the steward of one of the most legendary radio stations in broadcasting history and I would like to sincerely thank all of the wonderful people who devoted their time, energy and efforts over the years to WOR Radio. By passing the baton to Clear Channel Media and Entertainment, WOR listeners, advertisers and employees will gain access to the unparalleled resources of a worldwide, multi-dimensional media and entertainment company.” [7]

The new presence of Bilotta has come with several promotions and layoffs. John Sterling was promoted to General Manager of KSEQ and KIOO radios in Fresno, CA. Stuart P. Gorlick was hired as Buckley’s Director of Sales in October. He has extensive sales experience and has worked as an on-air radio personality. [8]

Sources:

1. WOR Radio Network
2. Clear Channel Purchases WOR
3. Buckley Press Releases
4. Richard Buckley Passes Away
5. International Radio Use Increasing
6. http://rbr.com/tunein-adds-buckley-radio/
7. Clear Channel To Purchase WOR
8. Gorlick Hired as Director of Sales
9. WOR Sold to Clear Channel
10. Properties Owned by Buckley
11. Radio Listenership in U.S. 

 

 

 

 

 

Cox Radio, Inc

Posted on by 
by [Isabel Herrera]

6205 Peachtree | Dunwoody Road | Atlanta, GA 30328| Phone: 678-645-0000| Website: www.coxmediagroup.com

Major Market Competitors:

▪       Clear Channel Communications, Inc

▪       Cumulus Media, Inc

▪       CBS Radio, Inc

History:

Cox Radio, Inc is a radio company based in Atlanta, Georgia. Founded in 1934 by James M. Cox, Cox Radio, Inc continues to deliver quality radio content, reaching 18 million radio listeners across the country. Cox Radio prides itself in establishing the first FM station in the south during 1964. [1]

Company Overview:

They operate as a division of Cox Media Group, Inc, a subsidiary of conglomerate Cox Enterprises. In 1996, Cox Radio became a publicly traded company.  However in 2009, Cox Radio, Inc made the transition from a public company to a private corporation. [2] Over the years, Cox Media Group has expanded its television, newspaper and broadcasting services; however, radio remains a relevant component to the company’s overall successful $1.8 billion revenue. Cox Radio, Inc along with Cox Enterprises is considered to be one of the few successful family-own businesses currently functioning in the entertainment market. [3]

Cox Radio is 62 percent-owned by Cox Enterprises, Inc, and is responsible for a total of 86 radio stations (15 AM radio stations, 71 FM radio stations) in locations such as Atlanta, Stamford/ Norwalk, New Haven, Bridgeport Connecticut; Dayton, Ohio, Greenville, South Carolina; Honolulu, Hawaii; San Antonio and Houston Texas; Tampa, Orlando, Miami, and Jacksonville, Florida; Long Island, New York, Louisville, Kentucky, Richmond, Virginia; and Tulsa, Oklahoma. [4]

In Cox Radio Syndication, the company is able to produce and distribute expansive radio programming to approximately 200 affiliate stations through a partnership with Jones Radio Network. [5]

In 2009, Cox Media Group, Inc announced a new model that “reorganized its media businesses by maximizing the expertise and talents of its media across its portfolio or radio, television and newspaper businesses.” Adapting this progressive agenda enabled for the radio division to bring together advertising services and their firms in a costly-efficient manner. [6]

Notable Key Executives:

 

Courtesy of Google Images

James C. Kennedy is the grandson of the legendary founder is currently the Chairman of the conglomerate Cox Enterprises, Inc. Prior to his position as Chairman, he was CEO from 1988 to 2008. James Kennedy also serves as Chairman of the Board for Cox Radio. [9]

 

Courtesy of Cox Media Group


Robert Neil as Executive Vice President of Cox Media Group supervises several radio, television, newspaper, and digital research operations within the company. He joined Cox in 1986 as Station Manager of WSB- AM/FM and by 1988 was named VP and General Manager WWRM-FM. Eight years later, he was named President and Chief Executive Officer of radio when Cox Radio became a public company (1996). [7]

Courtesy of Cox Media Group

Charles L Odom serves as Chief Financial Officer & Principal Accounting Officer has served Cox Radio since January 2009. Charles joined Cox Radio in 1996 as Manager of Financial Reporting, and served as Director of Financial Reporting and Analysis from 2001- 2008. [8]

 

Courtesy of Cox Media Group

 

Neil Johnston  currently serves as the Executive Vice President, Strategy and Digital Innovation. He oversees Strategic Development, and the digital expansion of Cox Media Group. Neil was also Cox Radio’s Chief Financial Officer for the past nine years, and he has currently stepped down from the position. [9] [10]

Finances/Market Revenue:

After announcing their transition from public to private in 2009, it was reported that Cox’s revenues increased from $1.8 billion to $15 billion. Nonetheless, in 2011, Cox’s annual earned profits was $14.6 billion, falling -0.7 percent short from the previous $15 billion revenue. [11]

Specifically, over the past year Cox Radio’s revenue has increased 1% compared to radio’s overall revenue, which fell by 2%. Similar to other radio companies, Cox Radio, Inc is currently threatened by the ipod effect and the general struggle to maintain profitable radio advertising results in the market. [12] [13]

Popular Radio Shows: 

Alan Cox Show Flyer. Courtesy of www.wmms.com

 

Kono 101.1 flyer. Courtesy of www Kono 1011.com

News:

Cox Radio reportedly experienced a $404 million loss due to weak advertising revenue. This equates to a $4.08 per share relative to the net income of $1.8 million and earnings back in 2007. Particularly, the general economy and the advertising market contributed to the 7.2 percent decrease in local revenue, while national revenue decreased at an astonishing 11.7 percent. [14]

October

Interestedly enough, Cox Radio, Inc acquired Valpak of Jacksonville in order to best cross-promote their radio services along with advertising incentives to radio listeners. Valpak mails over 20 billion coupons and targets about 100 markets in 48 states and four Canadian areas. They also integrate digital advertising into their promotions through Smartphone apps, QR codes, and phone messaging interaction. This opportunity will provide a unique outlet for local Cox Radio stations to market their shows and upcoming events. [15]

Cox Radio is set to expand their radio news service throughout their Atlanta-based locations. The news stations will provide regional weather coverage, sports information, and regional weather coverage that w. They decided on this news alternative after seeing an opening where Clear Channel declared closure for their Georgia News Network by the end of this year. [16]

November

Once again, Cox Radio stations experienced budget cut expenses. Cox Radio has released two of the most charming radio personalities: the amiable Steve O. Sellers and the laid-back Katrina Curtis. The cuts were not done on personal ends, but simply because it was a  “business decision.”  Loyal radio listeners were a bit gloomy, considering there no indication of a goodbye announced through the radio on behalf of the Disc jockeys themselves.  An interesting comparison was made recalling how in the 70s and 80s Disc Jockeys dominated stations, and the ratings correlated with the sales of ads, respectively. Nowadays, large companies are far more concern with cutting costs even if it means getting rid of the most important element in radio shows: the talent. [17]

Cox Radio supports The Internet Fairness Act , which will help end the discrimination against online radio. Their decision to stand in favor of this act demonstrates the acceptable shift between traditional radio and modern radio alternatives. This is certainly a pivotal step towards the merging direction our radio culture is intended to encounter. [18] [19]

 

References: 

[1] http://www.fundinguniverse.com/company-histories/cox-enterprises-inc-history/ (Cox Enterprises, Inc. History)

[2] http://www.adweek.com/news/television/cox-radio-goes-private-112341 (Cox Radio goes Private)

[3]http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=350722

[4] http://streamingradioguide.com/radio-parent-list.php?parentid=6  (List of 86 radio stations)

[5]http://www.hoovers.com/companyinformation/cs/competition.Cox_Radio_Inc.1f936d45ef30fa21.html (Affiliate Partnerships of Cox Radio, Inc)

[6] http://www.coxmediagroup.com/news/cmg-press-releases/cox-media-group-announces-new-integrated-media-org/nCq/ (Cox Media Group Announces New Integrated Media Organization)

[7] http://www.coxmediagroup.com/about/ourleadership/bob_neil/

[8] http://www.coxmediagroup.com/about/ourleadership/bob_neil/  (Bob Neil)

[9] http://people.equilar.com/bio/charles-odom-cox-radio/salary/348497#.UMHqJY48gbU   (Charles L Odom)

[10] http://www.forbes.com/profile/jim-kennedy/ (Jim Kennedy)

[11]http://www.coxmediagroup.com/about/ourleadership/neil_johnston/ (Neil Johnston)

[12] http://www.forbes.com/lists/2011/21/private-companies-11_Cox-Enterprises_H166.html

[13] http://www.forbes.com/lists/2011/21/private-companies-11_Cox-Enterprises_H166.html (Forbes Financial Update)

[14] http://www.wikinvest.com/wiki/IPod_Effect (ipod Effect)

[15]http://www.wikinvest.com/stock/Cox_Radio_(CXR) (Cox Radio Finances)

[16]http://www.bizjournals.com/sanantonio/stories/2009/03/02/daily25.html?ana=yfcpc(Revenue loss)

[17]http://www.kxxv.com/story/19882720/cox-radio-acquires-valpak-of-jacksonville-franchise (Valpak)

[18]http://www.ajc.com/news/business/cox-media-group-to-launch-radio-news-service/nSTHY/ ( Launching news station)

[19]http://blog.mysanantonio.com/jakle06/2012/11/major-cost-cuts-at-cox-radio-popular-djs-axed/ (TV Personalities)

[20] The Internet Fairness Act  (Internet Fairness Act)

[21] http://www.allaccess.com/net-news/archive/story/112490/count-cox-media-group-in-as-supporting-the-interne

 

Tribune Broadcasting

Posted on by 
by Samantha Sloan

 

Tribune Broadcasting Logo ©Tribune Broadcasting

Tribune Broadcasting
435 N. Michigan Ave Suite 1800
Chicago, IL 60611

Phone: 312-222-3333
Fax: 312-321-0446

Website: http://www.Tribune.com

Tribune Broadcasting is a pioneer in both radio and television broadcasting, and is a faction of the major media conglomerate, Tribune Company. Tribune Broadcasting owns and operates 26 major market television stations, which cumulatively reach more than 80% of United States Households. The group is anchored by super-station WGN America, which can be seen in more that 66 million households via satellite and cable services nationwide. 19 Tribune stations are affiliated with the growing Warner Brothers Television Network, and Tribune holds a 22% equity investment in this network. [6] [11]

 

 

Paul Wesley and Torrey Devitto pose at a Tribune Event. ©Tribune Broadcasting

Tribune Broadcasting is one of America’s largest and most respected broadcasters, and has a long history of innovation and development. Starting in 1924 with WGN Radio, Tribune Broadcasting has set a national precedent for American broadcasting. Tribune is responsible for radio’s first live broadcast, television’s first live sporting event, and the invention of instant replay and live aerial news coverage. Also, Tribune Broadcasting has recently switched from analog technology to the latest digital technology to help viewers gain access to the highest quality television possible. [10]

 

Tribune Broadcasting owns and operates many television stations across the country; however, Tribune also develops and distributes many first run syndicated television programs for the Tribune Station group. It also produces content for national syndication, including the Chicago Cubs Baseball Team and Chicago’s WGN-AM.

 

 

Iron Chef is one of the most popular shows on the Food Network, and is owned by Tribune Broadcasting. ©Food Network

 

The majority of Tribune Stations are affiliated with the media conglomerates, FOX,and the CW Network, however, they also have ties to ABC,and MyNetworkTV due to license agreements in some cities. Tribune holds equity interest in many networks and websites, including the Food Network, Careerbuilder.com, Classified Ventures, ForSaleByOwner.com, Homefinder.com, and Topix, to name a few. [16] [5]

 

The top executives for Tribune Broadcasting are CEO, Nils Larsen, Chief Financial Officer and Senior Vice President of Administration, Gina Mazzaferri, Chief Executive Officer of the Tribune Company, Eddy W. Hartenstein, President of Programming Division, Sean Compton, and President for WPIX- TV, Betty Ellen Berlamino.  Real Estate billionaire, Sam Zell is also influential, and took ownership of the debt-heavy Tribune Company in the midst of bankruptcy. Zell took the company private, and is now working with Larsen to reestablish Tribune Broadcasting as an industry leader. [12]

 

 

Tribune Media Conglomerate Battles Debt ©Tribune Broadcasting

On December 8, 2008, the Tribune Company filed for Chapter 11 Bankruptcy, which was followed by a voluntary petition for reorganization in the United States Bankruptcy Court for the District of Delaware, which is in joint administration with the entire Tribune Media Conglomerate. Upon declaring bankruptcy, the company’s senior debt holders, Oaktree Capital Management, JP Morgan Chase, Anglo, Gordon and Company assumed control of Tribune’s properties. Since then, the company has been transferring ownership of the Tribune Broadcasting Television and Radio Station licenses to the investment groups that now operate the company. For this reason, the company is no longer making any earnings public, and has not released any earnings information since 2008. The company is still operating its media business during while restructuring, which includes production of all content that was produced before the company filed for bankruptcy. [14] [15]

 

Tribune Broadcasting CEO, Nils Larsen ©Tribune Broadcasting

 

Nils Larsen became CEO April 2011, after the previous CEO, Jerry Kersting resigned due to his inability to effectively lead the company out of Chapter 11 Bankruptcy. Larsen has been an incredibly effective CEO, and has worked extensively to re-establish the company as a national broadcast leader. According to Tribune owner, Sam Zell, “Nils is the right person to lead out broadcast operations…he’s thoughtful, creative, and has the vision necessary to maximize the effectiveness of the group.”[1]

 

In the past year and a half, Nils has shifted the company from one stuck in old ways to one that is innovative, creative, and focused extensively on demonstrating company worth to advertisers. In a recent press conference, Eddy Hartenstein, head of Tribune Co’s Print section and editor of the LA Times stated that, “under Larsen’s leadership, cash flows have been up significantly than they were a year earlier”. Tribune Broadcasting keeps its financial information private, however this statement was incredibly promising, and a good sign for investors as the company plans to leave Chapter 11 Bankruptcy in the next few months.
Nils Larsen has also taken the lead in the reinvention of Tribune Broadcasting and its role in local television. As stated by Lee Abrams, Tribune’s Chief Innovation Officer, “we have to be radically and noticeably different-we have to imagine TV and TV news in a totally new way, one that breaks through and reinvents decades of the old, tired, TV playbook”. These changes involve everything from station identifications, logos, graphics, promos, and to anything else that would distinguish a Tribune station from any other station in the market. [14]

 

Tribune Company’s New Website. The new design, frequently changing pictures, and opportunities for viewer responses is helping viewers become more connected with content. ©Tribune Broadcasting

On June 29th, 2012, Nils hired new creative directors John Zeigler and Carrie King, to implement dramatically new creative standards and promotional emphasis for the websites and television stations within their respective regions. In order to appeal to a younger demographic, the creative duo threw out Tribune’s previous website design, and replaced it with a website that is more appealing to these younger viewers.[2]

 

 

 

Tribune has also distinguished itself from other broadcasters on August 8th, 2012 upon the release of the Augmented Reality Application. This application was designed to help Tribune bridge the gap between what Chief Innovation Officer Lee Abrams referred to as the, “1970’s Television Playbook” to content that spawns a symbiotic relationship between the broadcaster and the viewer. Chicago’s WGN-TV was the first to launch this application, which they named WGNTV-AR. The company used Aurasma technology, which allows printed material to virtually come to life in either the 3D or video form. The company launched this application using the Chicago Tribune and Red Eye online newspapers. Simply, this mobile application allows readers to scan over content that interests them, and then they are linked to the video content on WGN-TV. The application was released widely, and is available on both Google Play and iTunes.  The Tribune Company is confident that this new technology will be beneficial to both their newspapers and television stations, and will help viewers become more involved in the content. [3] [9]

 

Video: The Impact of Technology Dependency on Media Delivery

 

Tribune Broadcasting has had many carriage controversies in 2012 beginning on April 1st, when Tribune’s carriage agreement with DirecTV ended. On April 1st, all 23 broadcast stations owned by Tribune Broadcasting were pulled from the satellite provider at midnight. Tribune had been seeking retransmission consent payments from DirecTV, which the company had received for the carriage of WGN America under its previous carriage agreements. On April 3rd, DirecTV filed a complaint with the Federal Communications Commission claiming that Tribune representatives had acted in bad faith. This complaint spawned from the claim that the company had transferred control over its broadcast licenses to bankruptcy creditors in an inappropriate fashion. The dispute continued until April 5th, 2012, when Tribune Broadcasting and DirecTV reached an agreement for the Tribune Broadcasting Stations and WGN America. At 9:00pm that day, the complaint to the Federal Communications Commission was dropped and the Tribune stations were restored to DirecTV subscribers. [4]

 

Similarly, on April 16th, 2012, Tribune Broadcasting’s carriage agreement with Cablevision was terminated which prompted the removal of WPIX, WCCT and WPHL being pulled from Cablevision systems in New Jersey, New York and Connecticut. Similarly, KWGN was pulled from Optimum West Systems in Colorado and Wyoming. On August 16th, 2012, Tribune Broadcasting clarified this removal of stations and subsequent confusion by stating that, “Cablevision has never compensated Tribune for the retransmission of its local stations, which are among the most highly watched channels on Cablevision’s line-ups.  What we have proposed amounts to less than a penny a day per subscriber, well below what Cablevision pays to providers of less well-watched channels.” [8]

 

Cablevision blocked out WPIX in dispute with Tribune Broadcasting ©LIBN

 

On November 16th, 2012, the Federal Communications Commission announced that it has approved Tribune Broadcasting’s request for the assignment of broadcast licenses and waivers in cross-ownership markets. Simply, the FCC granted the Tribune Company cross-ownership in Chicago, New York, Los Angeles, South Florida and Hartford. Tribune owns 23 television stations and 8 newspapers in these markets. The company is extremely excited about the decision, since it will allow the company to continue moving out of Chapter 11 Bankruptcy in the next several weeks. [13] [14]
On November 19th, SVP of programming and entertainment, Sean Compton, moved up to president of programming at Tribune, overseeing WGN/ Chicago as well as Tribune’s 23 National TV Stations and the national WGN America cable station. Larsen was quoted in Radio Ink, stating that, “(Sean Compton) has been turning around the attitude at our station group and at WGN America by securing outstanding syndicated programming- and better programming means better ratings. He’s making a huge difference in our recent success”

 

 

Sources:

[1]Sam Zell names Niels Larsen CEO http://articles.chicagotribune.com/2011-06-01/business/ct-biz-0601-phil-20110601_1_randy-michaels-ceo-and-publisher-executive-shuffle

[2]Tribune Broadcasting Reinvents Creative Services http://www.prnewswire.com/news-releases/tribune-broadcasting-reinvents-creative-services-97411229.html

[3]Printed Reality Comes to Life as WGN-TV Launches Augmented Reality App http://www.wgntv.com/about/station/pressrelease/wgntv-printed-comes-to-life-as-augmented-reality-app-20120808,0,5805252.story

[4]Tribune Broadcasting Says No To DirectTV Deal http://usatoday30.usatoday.com/money/companies/story/2012-04-01/tribune-directv-deal/53919334/1

[5]Tribune Broadcasting http://en.wikipedia.org/wiki/Tribune_Broadcasting

[6]Tribune Company Website http://www.tribune.com/

[7] Newspaper Paywalls http://www.thewrap.com/media/article/newspaper-paywalls-too-little-too-late-fallen-giant-industry-35885

[8] Tribune Company Statement on Negotiations with CableVision http://corporate.tribune.com/pressroom/?p=4462

[9] Printed Material Comes to Life with New Augmented Reality App http://corporate.tribune.com/pressroom/?p=4452

[10] Analog. Digital. What’s the Difference? http://telecom.hellodirect.com/docs/Tutorials/AnalogVsDigital.1.051501.asp

[11]Company Overview of Tribune Broadcasting Co. http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=1579369

[12] About Tribune Administration/ Executives http://corporate.tribune.com/pressroom/?page_id=2

[13] Tribune Co. Bankruptcy http://www.deadline.com/tag/tribune-co-bankruptcy/

[14] Tribune Win’s FCC Approval http://corporate.tribune.com/pressroom/?p=4835

[15] Restructuring Information Website http://dm.epiq11.com/TRB/Project

[16] Tribune Company History http://corporate.tribune.com/pressroom/?page_id=2313

Sinclair Broadcast Group

Posted on by 
by Steven Geer

Logo courtesy of www.sbg.net

Headquarters – 10706 Beaver Dam Road, Hunt Valley, Maryland 21030

Telephone – (410)-568-1500

Social Media – LinkedIn, Facebook, Twitter (@sbgi)

Brief History

http://www.broadcastingcable.com/photo/262/262314-Credit_Nicholas_Griner_Baltimore_Business_Journal.jpg

David B. Smith, President & CEO – Photo courtesy of Nicholas Griner, Baltimore Business Journal

Sinclair Broadcasting Group is a telecommunications company located in Hunt Valley, Maryland, USA. Founded as Chesapeake Television Corporation in 1971 by Julian Sinclair Smith, its station ownership started in Balitmore (WBFF), Pittsburgh (WPTT/WPMY) and Columbus (WTTE). In 1985, the remaining stocks of the business were bought out by Smith’s four sons and its name was changed to Sinclair Broadcast Group.

Since 1988, David B. Smith has served as President & CEO while the remaining brothers hold executive positions as well. Their leadership brought the company to a new level, expanding both its audience reach and content variety. In 1995, the company became publicly traded on NASDAQ with the symbol SBGI [1][2].

Sinclair Broadcasting was a pioneer of local marketing agreements in the early 1990’s. Though many stations are owned and operated by Sinclair, others are affiliated through LMA’s. Sinclair’s stations are affiliated with major networks like Fox, NBC, CBS, and ABC. Also, this company was one of the first to experiment with “prepackaged” news programs, produced by the news organization, News Central [3].

Sinclair has a diverse array of holdings outside telecommunications as well. Ring of Honor Wrestling is just one of their many subsidiaries. They air the content they produce in certain markets and upload some episodes to YouTube.

Here is Ring Of Honor Episode 54 from October 11, 2012:

Recent Acquisitions and News

A buying spree in 2011 and early 2012 added the assets of Four Points Media Group, the Freedom Communications stations group, and six stations from Newport Television [4][5][6]. Sinclair Broadcast Group now operates the largest number of local television stations in the United States.

Their most recent acquisitions closed December 1, 2012  and include stations in new and previously established markets. In addition to increasing the audience reach of Sinclair 3%, these purchases also increased the number of affiliated stations in Sinclair’s portfolio. Some of the stations now owned by Sinclair are WTTA (MNT) Tampa, KBTV (FOX) Beaumont, WKRC (CBS) Cincinnati, WOAI (NBC) San Antonio, WHP (CBS) Harrisburg, WPMI (NBC) and WJTC (IND) Mobile, KSAS (FOX) Wichita, and WHAM (ABC) Rochester.

See all of Sinclair’s holdings and their information here.

Sinclair’s Markets – Map courtesy of Sinclair Broadcast Group

The failure of New Central and Sinclair’s profile as a “profit first, journalism second” broadcaster prompted the company to shift its focus to quality news in local markets. Sinclair’s recent acquisitions included many local news stations, atypical purchases for the company, but smart because of their powerful local presence. Sinclair has even joined the National Association of Broadcasters, a sign that they’re willingness to participate in Washington alongside competitors [7].

Hurricane Sandy had a large impact on many viewers in Sinclair’s markets, creating an opportunity for the company to serve its local constituents. During the storm, Sinclair provided non-stop coverage by “simulcasting” the news programs online. This allowed those without power to access it using mobiles phones and tablets. Online streaming and other technology platforms are being considered at Sinclair Group. Chief tech executive Del Parks spoke for the company claiming that the multiscreen experience is, “a very personal thing for our news operations.” Simulcasting was also used this fall in local office campaigns within certain Sinclair markets by streaming town hall debates on their website [8].

On November 13, 2012 it was announced that Sinclair Broadcasting would be partnering with Datasphere, a technology company aimed at small business solutions in major media and reaching the hyperlocal market. Sinclair’s television station websites will be retrofitted with Datasphere’s event calendars for local event lists in each market. An example of this calendar can be seen on WBFF Baltimore’s event website. This will be used alongside a whole new technology platform at Sinclair Group. It is a full-sized service that connects local small businesses to media companies for advertising needs. Datasphere’s services will be introduced into 21 markets including Austin, Baltimore, Columbus, Dayton, Nashville and San Antonio [9].

Sinclair attends many industry conferences. Their next conference is the JP Morgan Global HYLFC in Miami Beach, February 25-27, 2013.

Financial Overview

Sinclair’s income statement for December 2, 2012 shows the stock price settling at $11.03; this is still low compared to their period of $14.00+ shares back in 2003-2004. This company has battled through the economic recession, however, showing staggering growth in returns over a three year period. In fact, they’ve quadrupled the 3 year return percentage of their competitor Belo Corporation from 2009 to 2012 [10].

SBGI Total Returns Comparison

Chart courtesy of www.ycharts.com

Three year returns are a significant figure for a long-term shareholder of this company. High returns indicate a growing business. Sinclair has rebounded from the recession and continues to show steady growth.

High third quarter revenues this year were reported following Hurricane Sandy’s aftermath. The 44% increase from $181 million to $260 million was attributed to political advertising associated with the campaign season and a spike in automotive advertising on Sinclair’s stations. After reaching retransmission agreements with networks like Comcast and Dish, Sinclair found that higher retransmissions revenues also contributed to the figure [11][12].

Hear or watch the rebroadcast of the 3rd quarter 2012 earnings results here.

Sinclair’s financial calendar is as follows:

  • February 6, 2013 – Fourth Quarter 2012 Earnings Report
  • May 1, 2013 – First Quarter 2013 Earnings Report
  • June 16, 2013 – Annual Shareholders Meeting
  • August 7, 2013 – Second Quarter 2013 Earnings Report
  • November 6, 2013 – Third Quarter 2013 Earnings Report

Controversies

Sinclair Broadcasting, though successful and respected in the industry, is not immune to scrutiny by its competition and the public eye. The company is known for blatantly taking sides on social and political issues including political campaigns. A conservative bias can be noticed in the programming Sinclair chooses to air around election time. Even so, they deny any partisanship and claim to only be informing and engaging the public.

Photo courtesy of cbs12.com

The 2012 Presidential Campaign was another opportunity for Sinclair to garner the profits of political advertising at the cost of their audience’s scheduled news programming. The decision to preempt regular programs in order to air the “ABC 6 Election Special – VOTE 2012” didn’t sit well with supporters of Obama [13]. The special was aired in markets all located in battleground states.

A writer for The Baltimore Sun wrote in an article that, “the only thing that was lower than the attack-ad-dominated style of campaigning by both sides was the performance of an increasingly superficial and partisan press,” [14][15]. Sinclair has since rejected the criticism, claiming that the specials were focused on the issues and not so much the candidates, and that the markets where they were aired had more “news value.” [16]

Watch a recap of the election special here.

In a dispute with Dish Network this past August, Sinclair was ready to black out 74 of its stations carried by Dish when they wouldn’t accept a new retransmission agreement. A public exchange of words between the two companies resulted in high tensions and little motivation for Sinclair to bargain with the distributor. Dish claimed that Sinclair was charging more than any other broadcaster, resulting in higher subscription fees for customers. Sinclair, however, views retransmission fees as an important resource for the company. A multi-year consent agreement was finally reached after several weeks. Sinclair has become increasingly aggressive towards television providers and retransmission fees. Similar disputes between Mediacom, Time Warner, and Comcast all ended with agreements favoring Sinclair [17].

 

Sources

[1]: http://www.sbgi.net/about/history.shtml

[2]: http://www.nasdaq.com/symbol/sbgi

[3]: http://www.sbgi.net/about/profile.shtml

[4]: http://www.broadcastingcable.com/article/473517-Sinclair_Grabs_Four_Points_Stations_for_200_Mil.php

[5]: http://www.reuters.com/article/2012/07/19/sinclairbroadcast-acquisition-idUSL4E8IJ3M120120719

[6]: http://www.reuters.com/article/2012/07/19/us-sinclairbroadcast-acquisition-idUSBRE86I0OY20120719

[7]: http://www.broadcastingcable.com/article/481963-Local_TV_s_Death_Star_Gets_in_Sync.php

[8]: http://www.tvnewscheck.com/article/63574/second-screens-now-a-necessity-at-sinclair

[9]: http://www.sacbee.com/2012/11/13/4981878/datasphere-teams-up-with-sinclair.html

[10]: http://ycharts.com/companies/SBGI/performance

[11]: http://www.google.com/hostednews/ap/article/ALeqM5hmOfM9u5nekq4hbPyXAmLOj9OErg?docId=365c480866ce41d9b245673a0f614900

[12]: http://www.broadcastingcable.com/article/490194-Sinclair_Revenue_Up_49_.php

[13]: http://www.mediabistro.com/tvspy/sinclair-under-fire-for-airing-partisan-special-on-stations-in-battleground-states-on-election-eve_b68439

[14]: http://articles.baltimoresun.com/2012-11-07/entertainment/bal-election-night-tv-twitter-youtube-20121106_1_sinclair-stations-baltimore-s-wbff-sinclair-broadcast-group

[15]: http://www.commonwealmagazine.org/blog/?p=21681

[16]: http://www.tvnewscheck.com/article/63412/sinclair-rejects-criticism-of-election-specials

[17]: http://www.deadline.com/2012/08/dish-network-sinclair-retransmission-agreement/

 

Links

http://www.linkedin.com/company/13038?trk=tyah

http://www.facebook.com/pages/Sinclair-Broadcast-Group/112322242116588?ref=ts&fref=ts

https://twitter.com/sbgi

http://http//www.sbgi.net/corp_governance/directors.shtml#David_Smith

http://www.nasdaq.com/symbol/sbgi

http://www.sbgi.net/business/markets/all.shtml

http://www.rohwrestling.com/

http://www.nab.org/

http://datasphere.com/

http://events.foxbaltimore.com/

http://www.sbgi.net/investors/calendar.shtml

http://finance.yahoo.com/q/is?s=sbgi+Income+Statement&annual

http://www.belo.com/

http://www.sbgi.net/investors/webcasts.shtml

http://www.sbgi.net/investors/calendar.shtml

http://www.cbs12.com/news/features/vote/local/#

http://www.baltimoresun.com/

Raycom Media

Posted on by 
by Raja Ram

Raycom Media

Company Description:

Raycom Media Inc. engages in television and radio broadcasting through its subsidiaries. It participates in the sports marketing, video production and telecommunications. The firm also participates in video broadcasting with a focus on corporate, commercial, and manufacturing clients. In addition, they work with state and local governments nation-wide to provide systematic support in telecommunications and broadcasting. For example, one subsidiary, KCBD, broadcasts political advertisements. Below is a video that demonstrates their involvement:

http://www.youtube.com/watch?v=BhBTc1EMfNg  [3]

Raycom Media Inc currently owns and provides services for 52 stations [1]. It covers 12.6% of US households and employs over 3,500 individuals [1]. The firm is currently employee-owned and is not publically traded [1]. In addition, Raycom’s chief subsidiaries include Raycom Sports, a sports marketing firm in Charlotte, North Carolina and Broadview Media which is a post-production company in Montgomery, Alabama. They also own the rights to regional cable and syndication television to the Atlantic Coast Conference (ACC) Athletics [1].

The firm bolsters offices in Texas, Arkansas, Missouri, North Carolina and South Carolina, but is headquartered in Montgomery, Alabama. The company’s contact information and key executives are listed below [9].

Key Executives for Raycom Media, Inc [9]:

Mr. Paul H. McTear
Chief Executive Officer and President

Ms. Melissa Thurber
Chief Financial Officer and Vice President

Mr. Wayne Daugherty
Chief Operating Officer and Executive Vice President

Mr. David Folsom
Chief Technology Officer and Vice President of Technology

Ms. Rebecca Bryan
Vice President and General Counsel

Contact Information:
201 Monroe Street
RSA Tower
20th Floor
Montgomery, AL 36104
United States
Phone: 334-206-1400
Fax:334-206-1555
http://www.raycommedia.com/

Company History:

Raycom Sports was founded in 1979 [7] by Rick Ray who left his former station in order to a tap into the college basketball market.

He partnered up with Dee Birke and started buying the rights to games, and producing, syndicating, and selling commercials to cover expenses. Eventually, Ray acquired the rights to ACC sports teams by 1981 [7] after forming a joint venture with another broadcasting firm Jefferson-Pilot Sports. All syndicated programming was distributed over landlines through AT&T networks. The company flourished under a unique business model in which they purchased all advertising space from local stations, and then sold the allocated time to advertisers at a higher premium. They also incorporated a central monitoring system that allowed for easy billing the following day to advertisers.

The firm continued its successful growth based off the model that local stations broadcasting local sports could be more successful than broadcasting out of region sports programming in multiple sites. In addition, they broadcasted sports programming from ESPN, and in “blacked out” regions. Raycom also partnered with ABC and purchased airtime from the network in order to show sports programming. The deal was so successful, that up until 1995 [7], the two remained partners.

The network continued to expand its horizons and began broadcasting bowl games, and ACC championship games. In addition, they got the rights to broadcast the Charlotte Bobcats NBA games [7]. They also began airing television programming such as “More than a Game”, which featured positive stories from the sports world. They also syndicated a number of specials on the life of Elvis Presley including “Elvis Graceland” (1987) [7].

In 1992, Bert Ellis formed Ellis Communications which at the time consisted of 13 television stations [7]. Ellis was a good friend of Ray’s and acquired Raycom Sports in 1994 [7]. He consequently sold the firm to an Atlanta based pension fund, Retirement Systems of Alabama, later that year. Through the merger of three big media hubs, Raycom Media Inc was founded in 1996 [1]. Initially the merger consisted of the purchase of 15 television stations, and other networks. This included the sports marketing firm that Raycom Sports, a distribution company and two radio stations.

Current Activity

Raycom Media Inc. is currently employee-owned, and has performed moderately well in comparison to competitors. Some of the firm’s current competitors include Media General Inc., Hearst Television Inc., and Nextar Broadcasting Group Inc [4]. Although these competitors provide similar broadcasting, marketing, and television services, Raycom excels with its sports marketing division. In addition, in recent years they have made strides to advance their uniqueness by branching out onto mobile devices and tablets [5].

Since Raycom media is a privately owned firm, their financials are not made available to the public. They are however, subject to auditing by the SEC and its subsidiaries [10]. Some financial data is available. Their annual revenue is $183.6 million [8]. The firm has not reported any significant loss or inability to meet expectations in the past year.

The firm has a number of subsidiaries. These include but are not limited to the following: KAIT, KCBD,KFVS, KGMB, KHNL/KOGG/KHBC, KLTV, KOLD, KPLC, KSLA,KTRE, WAFB, WAFF, WALB, WAVE, WBRC, WBTV, WBXH, WCSC, WDAM, WDFX, WECT, WFIE, WFLX, WFXG, WIS, WLBT, WLOX, and WMBF [2].

Raycom Media has four major programs. The first is “America Now” [14] which is a lifestyle magazine with several local appeals. The second is the “ACC Network” [15]. This network broadcasts both basketball and football games of the Atlantic Coast Conference. They also broadcast a number of individual programming such as player, coaches, and team interviews. In addition, they provide feedback and analysis on games including the ACC championship games. Third is “Bounce TV” [13] which airs programming and sports directed at African Americans 20+ and provide regional original programming as well. Finally, there is “Right this Minute” which airs originally programming that connects the internet and social media to broaden the appeal of television [2].

       

The firm also provides a number of career opportunities in marketing, sales, programming, and broadcast to prospective employees. To see the different opportunities within Raycom Media, please watch the following clip [3]:

http://www.youtube.com/watch?v=x3lxtbJrF4I

Recent News

April 13, 2011: Raycom Media Inc., Cox Media Group, and The E.W Scripps Company partners up with MagicDust to create “Right this Minute”. This original programming will incorporate the internet, social media, and new storytelling methods to broaden the appeal of modern television. In addition, the programming is expected to reach 30% of American households and will be available for nationwide syndication. It will comprise of an hour-long special every weekday [9].

May 5, 2012: Raycom Media Inc announces the first ever exclusive African American programming station, Bounce TV. It is intended to reach 26 Raycom markets [2].

May 12, 2011: Raycom overhauls its broadcasting graphics system and replaces it with Chyron BlueNet graphics workflow. All 31 of its stations will now have the HD upgrade and will be outfitted with two dual-channel LEX3 on air graphics systems, a CAMIO server, and iSO monitoring application. This will allow Raycom’s networks to broadcast programming in HD and have fully automated playout as well as real-time playout. Raycom will incorporate BlueNet into its current cloud-based services [9].

May 23, 2011: MSA Security forms partnership with Raycom Media Inc.  This allows Raycom’s Media’s local news affiliates to use MSA Security’s analysis in its local news broadcasting. This includes analytics on some of the top counterterrorism operations within the past year [2].

July 12, 2011: Raycom media is recognized by PromaxBDA which represents broadcasting, cable, and advertising agencies as well as new media programming. This is one of the first steps for Raycom Media to become a national contender in broadcasting [2].

July 25, 2011: Raycom Media Inc, and Meredith Local Media sign an online pact that allows Meredith Local Media to access Raycom News Network and its digital content hub in Montgomery, Alabama [2].

September 29, 2011: Raycom Media Inc. debuts “America Now” which provides local news and broadcasting for regional areas. Upon initial airing of the program, it bolstered a strong viewership, and attracted many new viewers in “blacked out” regions [2].

January 18, 2012: Raycom Media Inc acquires New York based firm Tupeo-Honey Productions (THP) and 50% of the parent company My Tueplo Entertainment. This adds to the company’s production capacity. Most of Tupelo-Honey Production’s managing staff will remain in their current positions [2].

August 1, 2012:Raycom Media Inc. partners up with the College Football All-Star Classic to bring together the top contenders in college football in a week-long event played in Montgomery, Alabama [2].

August 13, 2012: Raycom Media Inc. launches its tablet applications for all 32 news stations. This is intended to connect consumers with local news and weather remotely. It is available for both android and iPad tablets. In addition, it includes live radar and storm tracking, breaking news push alerts, local sports including high school and college, and viewer submitted content. The application is compatible with iOS, Android, RIM, and mobile web [9].

References

1. Raycom Media Inc.–http://www.raycommedia.com/about/

2. Raycom Media News–http://www.raycommedia.com/news/

3. Youtube.com–http://www.youtube.com/watch?v=x3lxtbJrF4I, http://www.youtube.com/watch?v=BhBTc1EMfNg

4. InsideView–http://www.insideview.com/directory/raycom-media-inc

5. New York Times: BusinessWeek–http://www.nytimes.com/2003/01/31/business/the-media-business-advertising-addenda-people-111716.html

6. Robert Trent Jones Golf Trail– http://www.rtjgolf.com/partners/

7. Raycom Sports History–http://www.raycomsports.com/about-us/company-history/expanded-company-history/

8. Hoovers D&B Company–http://www.hoovers.com/company-information/cs/competition.Raycom_Media_Inc.8cc7c242ffb31d6f.html

9. Bloomberg BusinessWeek–http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=681777

10. Bloomberg–http://www.bloomberg.com/quote/24601Z:US/

11.Victory Management Group– http://vmg1.info/vmg-names-rick-ray-chairman-2/

12. IMD– http://www.imdb.com/

13. Bounce TV– http://www.bouncetv.com/

14. America Now — http://www.americanownews.com/

15. ACC Network– http://www.americanownews.com/

16. Right this Minute — http://www.rightthisminute.com/

Meredith

Posted on by 
by Joseph Palagonia

Address: 1716 Locust Street,

Des Moines, IA 50309-3023

Phone: 515-284-3000

Official Website: www.meredith.com

Overview

Meredith Corporation, a media and marketing company, engages in magazine publishing and related brand licensing, television broadcasting, digital and customer relationship marketing, digital and mobile media, and video creation operations in the United States. It operates in two segments, National Media and Local Media. The National Media segment publishes magazines for women focusing on the home and family market. [1]

Mission Statement

“We are Meredith Corporation, a publicly held media and marketing company founded upon service to our customers and committed to building value for our shareholders. Our cornerstone is knowledge of the home and family market. From that, we have built businesses that serve well-defined readers and viewers, deliver the messages of advertisers, and extend our brand franchises and expertise to related markets. Our products and services distinguish themselves on the basis of quality, customer service, and value that can be trusted.” [2]

Meredith Corporation’s main principles include focusing on long term success, returning superior funds to their stockholders, and dedicating their lives to their employees and customers.

Strategies

As we build our businesses for the future, the company is focused on three key strategies:

  • We will further develop our fundamental commitment to publishing – the essential element of our home-and-family focus.
  • We will further develop our fundamental commitment to broadcasting – an essential element of our growth strategy.
  • We will produce additional revenues and profit by integrating and leveraging the assets of our core businesses across multiple platforms. [2]

History

Edwin Thomas Meredith [2] founded the Meredith Corporation in 1902, when he began publishing Successful Farming magazine. After the publication’s success, the company in 1912 moved to it’s current headquarters located in Des Moines. Since then, many additions have been added to the building including a $40 campus addition completed in 1998.

Key Personnel

Stephen M. Lacy                                                                                  Joseph H. Ceryanec

Chairman, President and CEO                 Vice President and Chief Financial Officer

————————————–

John S. Zieser

Chief Development Officer, General Counsel

Tom Harty

President, Meredith National Media Group

Paul Karpowicz

President, Meredith Local Media Group

Steven M. Cappaert

Corporate Controller

Local Coverage

Meredith Corporation provides entertainment for audiences on a local level. Led by President Paul Karpowicz, it’s television station group affiliates include CBS, FOX, and NBC. With its 12 local broadcast stations across the country, over 10 million U.S. households world wide receive forms of media from Meredith.

Meredith Stations

CBS Atlanta 46 CBS Atlanta (WGCL 46)
Atlanta, GA
Local News | Weather		 CBS 5 KPHO
Phoenix, AZ
Local News | Weather
FOX 12 Oregon KPTV FOX 12 Oregon (KPTV)
Portland, OR
Local News | Weather		 PDX TV PDX TV (KPDX)
Portland, Oregon
WFSB Channel 3 WFSB Channel 3
Hartford/New Haven, CT
Local News | Weather		 WSMV Channel 4 WSMV Channel 4
Nashville, TN
Local News | Weather
KCTV Channel 5
Kansas City, MO
Local News | Weather		 My KSMO TV
Kansas City, MO
FOX Carolina 21 FOX Carolina (WHNS 21)
Greenville, SC – Asheville, NC
Local News | Weather		 FOX 5 Vegas FOX 5 Vegas (KVVU)
Las Vegas, NV
Local News | Weather
WNEM Channel 5
Flint/Saginaw, MI
Local News | Weather		 CBS 3 Springfield WSHM CBS 3 Springfield (WSHM)
Springfield/Holyoke, MA
Local News | Weather

Also within Meredith’s Local Media Brands is a service developed and known as ONE Service, or On-Air Notification Entry System. ONE Service is an efficient solution to presenting time-sensitive information on the news, that would be traditionally found in local newspapers. A major service of ONE Service is their Obituary Notification service, which announces during weekday morning or noon shows and on weekend morning shows of any obituary notifications within up to 4 days, along with information of the respective upcoming funeral services. [4]

National Coverage

On a national level, Meredith Corporation is solidified by its core selection of magazines. From ranging selections including fitness to farming, Meredith Corporation helps provide knowledge to help women in all aspects of their lives. Magazines within Meredith Corporation include:

  • Better Homes and Gardens
  • More
  • Ladies’ Home Journal
  • Family Circle
  • Fitness
  • Parents
  • ReadyMade
  • Traditional Home
  • American Baby
  • Midwest Living
  • Wood
  • Successful Farming
  • Siempre Mujer
  • Ser Padres

Over the last year, Meredith has aggressively expanded its digital portfolio by offering:

  • Subscriptions and single-issues of nearly 20 brands on a range of tablet devices and distribution channels;
  • Over a dozen branded mobile Apps each with over 1 million downloads;
  • A broad array of branded consumer websites, including the recently acquired Allrecipes.com, that comprise the Meredith Women’s Network and reach approximately 40 million unique users every month;
  • Over 10,000 original videos, including the recently launched Digs Channel on YouTube. [5]

International Coverage

Along with local and national coverage, Meredith Corporation offers an service to international consumers throughout the world through its international branch, Meredith International. Meredith International’s goal, led by Meredith Corporation’s Chief Development Officer John Zieser, is to extend Meredith’s leading consumer publications to people of all countries.

Meredith offers its partners high-end editorial content, marketing expertise and consumer research derived from more than 100 years of experience as the leading media company serving women in the United States. The backbone to our ability to share content is Meredith’s proprietary digital library, housing over a million images and articles, and hundreds of hours of video. [12]

Click on the following link to watch a detailed description of Meredith International

 

Latest News

January

Meredith Corporation acquired the assets of Family Fun from Disney Publishing Worldwide to acquire the highly popular magazine, along with its special interest publications and its Toy Hopper and digital magazine applications. Financial terms of the acquisition however have yet to be disclosed [6].

February

Meredith Corporation announces its renewal of The Better Show for its sixth straight season, beginning in September 2012. The show has already cleared four of the top five U.S. markets (New York, Los Angeles, Chicago, Philadelphia) and has already sold in 135 cities. Groups such as CBS, Lin, Sinclair, Hearst, Newport, Gray, Northwest, and New Age have renewed or acquired the rights for the fall. [7]

March

Meredith Corporation and the Reader’s Digest Association Inc. reached an agreement for Meredith’s acquisition of Allrecipes.com, the world’s NO. 1 digital food brand. This acquisition placed Meredith first in comScore’s Food Community rankings, doubled Meredith Women’s Network’s audience, and granted it the power to offer advertisers and marketers access to more than 100 million American women across all media platforms. The transaction was valued at $175 million [8]

April

Meredith Corporation increased its rate base for EatingWell magazine from 500,000 to 600,000, an increase from 70 percent from the year before. In January 2012, EatingWell’s rate base had been raised from 350,000 to 500,000, and is currently being visited by close to 4 million unique visitors a month. [9] On April 16, 2012, Jon Werther had been named Meredith Corporation’s Chief Strategy Officer, placing him in charge of evolving corporate and business unit strategies and leading key initiatives. [10]

June

Meredith Corporation announced its decision to offer digital editions of its most popular magazines, including such well-known titles as Family Circle, EveryDay with Rachel Ray, Ladies’ Home Journal, Midwest Living, and MORE, as magazines on Google Play. [6]

October

Meredith Corporation announced that it had reached an agreement with CelebTV (www.celebtv.com)  to feature daily original HD videos on Meredith’s Divine Caroline (www.divinecaroline.com) site. Under the terms of the arrangement, CelebTV will play videos on everything Hollywoood, ranging from breaking news, movie reviews, celebrity hookups, pregnancies, and more. With Divine Caroline having over 2 million monthly unique visitors, Meredith Women’s Network had reached 40 million unique vistors monthly. [11]

 

Works Cited:

[1] Meredith Corporation Summary – Yahoo! Finance

[2] Meredith Corporation Mission Statement

[3] Meredith Corporation Local Coverage

[4] Meredith Corporation ONE Service

[5] http://meredith.mediaroom.com/index.php?s=2311&item=130026

[6] http://meredith.mediaroom.com/index.php?s=2311&item=110544

[7] http://meredith.mediaroom.com/index.php?s=2311&item=118747

[8] http://meredith.mediaroom.com/index.php?s=2311&item=122827

[9] http://meredith.mediaroom.com/index.php?s=2311&item=126857

[10] http://meredith.mediaroom.com/index.php?s=2311&item=126930

[11] http://meredith.mediaroom.com/index.php?s=2311&item=134685

[12] http://www.meredith.com/meredith_corporate/meredith_intl.html