Time Warner Cable Inc. 60 Columbus Circle
New York, NY 10023 USA
(212)-364-8200 www.timewarnercable.com [2]
About
Time Warner Cable is a dominant provider of video, high- speed data and voice services in the United States. Through the years, its technical innovation through the use of fiber optics has helped establish itself as a leader in the cable industry. Time Warner Cable was the first cable company to be recognized with an Emmy Award and has been honored with eight Technology and Engineering Emmys. In 2007, Time Warner Cable became a public company and two years later an independent one as it separated from Time Warner Inc. [3]
Today, Time Warner Cable is the second largest cable provider in the nation, serving in 29 states. Its quality services have built its strong sectors of its company including the residential services, Time Warner Cable Business Class and Time Warner Cable Media. For the consumer’s home, Time Warner Cable offers television, Internet and phone services and IntelligentHome, which is a home security and energy management system. [4]Time Warner Cable Business Class offers Internet, network, cloud, television and voice services for all types of businesses. [5] Time Warner Cable Media is the advertising sales section of the company, which focuses on helping marketers and agencies with affordable and targeted marketing strategies and solutions. [6]
Glenn A Britt: Chairman & Chief Executive Officer [7]
Robert D. Marcus: President & Chief Operating Officer [8]
Ellen M. East: Executive Vice President & Chief Communications Officer [10]
Arthur T Minson, Jr.: Executive Vice President & Chief Financial Officer [9]
Last month, Glenn Britt, the Chief Executive Officer of Time Warner Cable for the past 12 years, announced he is receiving treatment for cancer and will work until his retirement, which was planned for the end of this year. Current Chief Operating Officer, Robert Marcus will be taking over both of his positions as Chairman and CEO. [11]
Arthur Minson will be speaking at the Morgan Stanley Technology, Media and Telecoms Conference, which is held in Spain, this month. [12]
Financials/ Recent Developments
Time Warner Cable Inc. (TWC) Stock Chart Over The Past Five Years [17]
A few weeks ago, Time Warner Cable reported its 2013 third quarter results, which ended on September 30th. Regarding financials for this quarter, Time Warner Cable’s total revenue of 5.5 billion grew 2.9% from its 5.3 billion last year (9/30/2012). [13] Its share price today is 121.53 and has been trending steadily upward, along with its whole sector, for the last five years. [14] The company took a hit with subscriber activity this quarter as customer relationships dropped from 15.2 million (9/30/2012) to 15.1 (9/30/2013). In addition, residential video subscribers and residential voice subscribers decreased from 12.1 million (9/30/2012) to 11.4 (9/30/2013) and from 4.9 million (9/30/2012) to 4.8 million (9/30/2013), respectively. In contrast, residential high- speed data subscribers increased from 10.8 million (9/30/2012) to 11.1 million (9/30/2013). [15] [16]
[20]
Time Warner Cable began this fall closing a retransmission contract deal with CBS. This agreement finally ended the month long blackout, during which three million Time Warner Cable subscribers did not have access to CBS programming. The blackout affected major markets such as Los Angeles and New York and Time Warner Cable was eager to meet a deal as the NFL season was rapidly approaching. [18] This vastly dragged out dispute greatly contributed, this past third quarter, to the company’s steepest quarterly loss of television subscribers in its history. At an attempt to stop its loss of customers, Time Warner Cable dispersed credits to its subscribers of Showtime, CBS’ premium cable channel, ultimately losing around $15 million. [19]
[23]
Time Warner Cable has been working and succeeding to reach a larger number of business customers. Third quarter reports displayed business services revenue increased 20.5% from 493 million (9/30/2013) to 594 million (9/30/2013). [16] Last month, Time Warner Cable came into an agreement to buy DukeNet Communications. This deal with Duke Energy Corporation and Alinda Capital Partners, who currently own DukeNet, is planned to close in the first quarter of next year costing Time Warner Cable $600 million. [21] DukeNet Communications is a fiber optic network company reaching seven states in the Southeast of the country, as they are centered in Charlotte, NC. This is key for Time Warner Cable’s business customer base growth, as DukeNet offers data and high capacity bandwidth services to customers including wireless carriers, data centers, enterprises and government affiliates. [22]
TWC’s Wifi Finder app helps locate the nearest hotspot. [25]
As well as its DukeNet deal, Time Warner Cable has been making huge progress in the Charlotte region. Making a multimillion-dollar investment in a public WiFi network back in 2012, the Charlotte network has grown from its original 200 hotspots to 1,700 today. These hotspots allow people to have a great Internet connection outside of their home in various places throughout the city. Time Warner Cable Internet subscribers have free access and non-subscribers can use the hotspots on a pay-as-you-go basis. The project has a big future as Time Warner Cable is working on implementing its hotspot network in New York City, Austin, Kansas City, Hawaii and Southern California. With a strong focus on its business customers, Time Warner Cable will soon be able to efficiently keep people connected outside the office and home. [24]
[28]
Time Warner Cable has recently made a deal with Univision Communications Inc. that will positively influence its reach to the Hispanic America community. The renewal of their previous agreement had expanded the variety of Hispanic networks and content for Time Warner Cable subscribers. Univision is allowing Time Warner Cable to be one of the first distributors to provide its new cable network, El Ray. As an English language network, El Ray targets adolescents and plans on having diverse entertainment content ranging from television series to movies and sports. [26] Also, customers will now have access to other new networks including, Univision Deportes, FOROtv and tlNovelas. The deal further entails a multiplatform distribution plan, where Time Warner Cable subscribers will be able to receive content through VOD and digital platforms. Univision’s UVideos and Univision Deportes digital properties will now also be available for Time Warner Cable customers. [27]
[31]
[32]
Along with Univision, A+E Networks and Sprout have also recently renewed their distribution agreements with Time Warner Cable. As a multi-platform deal between A+E and Time Warner Cable, customers will be provided with A+E’s diverse networks and will have authenticated access to their corresponding apps. In addition to receiving networks such as A&E, Lifetime, and HISTORY, “TV Everywhere” content for Time Warner Cable’s out of home platforms and VOD content will be offered. [29] Regarding Time Warner Cable’s deal with Sprout, they are expanding the distribution of Sprout beyond New York and Los Angeles to many other markets throughout the country to increase its reach to 60 million homes. Sprout is the first all day and night preschool network with interactive programming offering a great experience to children and their parents. [30]
Robert Osher, Chief Operating Officer of Columbia Pictures (3)
Doug Belgrad, President of Columbia Pictures (2)
About the Company
Columbia Pictures is a production and distribution company founded in 1924 by Jack Cohn, Harry Cohn, and Joe Brandt. It is currently owned by Sony Pictures Entertainment, operating as part of Sony’s Columbia TriStar Motion Picture Group, through which Sony produces most of its big budget movies. Considered one of the leading film studios in the world, Columbia Pictures is one of Hollywood’s “Big Six”, distributing over 22 films yearly in the United States alone. Columbia TriStar Motion Picture Group operations are located in six other countries: Columbia Pictures Producciones Espanolas in Madrid; Columbia Pictures Producciones Mexico in Mexico City; Columbia Pictures Film Production Asia in Hong Kong; and others in the United Kingdom, Brazil, and Japan (16).
(4) Frank Capra, a well known director for Columbia Pictures
During the Golden Age of of Hollywood, Columbia Pictures was considered one of the ‘Little Three’. Much of their earlier success can be accredited to director Frank Capra, who created Columbia’s first all “talkie” feature, titled “The Donovan Affair”. His film ‘It Happened One Night’ earned Columbia their first Best Picture Academy Award and brought the studio to fame. In the mid ’40’s, Columbia released their highest-grossing movie ever, “The Jolson Story”. This earned them another Best Picture award as well as marked the beginning of their most profitable decade (5).
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Columbia Pictures joined with HBO and CBS to form TriStar Pictures in 1985 (7)
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In 1982, Columbia was bought by Coca Cola. This was a lucrative time for the company as they expanded into other forms of entertainment, such as home video. Three years later, Columbia joined with HBO and CBS to make the first new motion picture studio in decades, TriStar Pictures. This major studio was the had the fastest growth in the history of the film industry.
Sony Corporation purchased Columbia Pictures in 1989 for $3.2 billion (5). This purchase was unprecedented, and was, at that time, the largest acquisition by a Japanese company. Columbia Pictures has been gaining success ever since.
Finances
Columbia Pictures does not make its finances known to the public. It is not a publicly traded company, its parent company Sony, is traded under the name SNE at $18.51 a share. Columbia and Sony Pictures together have grossed $1,065.8 million this year alone, and control 11.4% of the market share (21). They are currently ranked as the number 4 studio by Box Office Mojo, just under Buena Vista.
Recent Releases
Movie Poster for “Captain Phillips” (8)
Captain Phillips MPAA Rating: PG-13 Release Date: October 11, 2013 Production Budget: $55 Million
“Captain Phillips” is a true story about an American cargo ship that was hijacked by Somali pirates andwas a hugely successful film, its widest release in 3,143 theaters. Despite the competitively successful “Gravity” released at a similar time, the film is doing very well. So far, it has grossed over $97,820,373 domestically, which is much more than its budget. Its opening weekend, it was ranked number 2 at the box office (9).
Elysium MPAA Rating: R Release Date: August 9, 2013 Production Budget: $115 Million
“Elysium” is a film about the future, where the wealthy live on a space ship and the poor must live on the destroyed earth. The main character’s mission is to create equality. The film’s domestic total gross so far is $92,947,675, but its foreign gross is $192,007,963. Its widest release was to 3,284 theaters and ranked number 1 its opening weekend (10).
“Cloudy with a Chance of Meatballs 2” is an animated movie for children. It features the voices of some celebrities, like Anna Faris, Andy Samburg, and Neil Patrick Harris. This was a highly successful film for Columbia, grossing $34,017, 930 domestically its opening weekend in 4,001 theaters. It was immediately ranked number 1 at the box office. So far, the film has made almost double its budget, grossing $113,125,418 domestically as of November 18th (19).
American Hustle MPAA Rating: Not yet rated Release Date: December 13, 2013
“American Hustle” is about a con man and his partner, a British woman, who are forced to work for the FBI. This film is expected to do well at the box office. It has a lot of star power, as the cast is made up of Jennifer Lawrence, Bradley Cooper, Louis CK, and Christian Bale (12). This film is generating a lot of buzz as it is soon to show at its first film festival, the Dubai International Film Festival, or DIFF.
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You can find the trailer for this film HERE.
“The Amazing Spider-Man 2” is starring Emma Stone, Andrew Garfield, and Jamie Foxx. It is being produced by Matthew Tolmach, who is a previous co-president of Columbia Pictures (14). Columbia Pictures has had a huge amount of success with the Spider-man franchise. Working with Marvel, Columbia also plans to release an IMAX 3D version (15).
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Recent News
In 2012, Sony released that it had made over $4 billion worldwide, mostly in part to Columbia’s successful films, including “Skyfall“, “The Amazing Spider-Man“, “21 Jump Street“, “Men in Black 3“, and “Hotel Transylvania“. The Columbia TriStar Motion Picture Group now has a motion picture library with over 3,500 titles with 12 Best Picture Academy Awards. Currently, Columbia plans to continue creating big budget box office hits and gaining large profits for Sony Pictures Entertainment. In the upcoming 2014-2015 year, the studio plans to create some sequels to their previously successful films, such as “Bad Teacher 2“, “Hotel Transylvania 2” and “22 Jump Street” (16). Columbia is also looking to produce some Oscar contenders, like “Annie“, a modern telling of the classic musical. It is set to be released in 2014, and stars Quvenzhane Wallis who was nominated for an Oscar for her acting in “Beasts of the Southern Wild” (17).
Recently, Columbia’s parent company Sony has not been doing so well. This year, they were ranked fourth in domestic box-office sales, and gained a revenue of $1.13 billion, which is down 32% from last year. They are undergoing many changes, especially after some box office flops like “White House Down” and “After Earth” (18). They are reportedly reviewing their process for how movies are selected and are looking to cut costs.
By Zack Phillips Sinclair Broadcast Group, Inc. 10706 Beaver Dam Road Hunt Valley, Maryland 21030 (410) 568-1500 http://www.sbgi.net ABOUT THE COMPANY [2]: Sinclair Broadcast Group, Inc. (SBG), founded in 1986, currently owns, operates, programs, or provides sales services to 163 … Continue reading →
-Time Warner Cable Logo. Image Courtesy “Lazy Tech Guys” [17]
Time Warner Cable, Inc.
1 Time Warner Center New York, NY 10019-8016 212-484-8000
About the Company
Time Warner Cable, Inc. is a media company providing cable, phone, and Internet services to 29 states and over 15 million customers. These services are provided in different packages with arrangements of the cable, phone, and Internet services in different price tiers. Time Warner Cable, Inc. provides its services to both homes and institutions [1].
Cable
Time Warner Cable, Inc. distributes a number of television plans and packages, spanning from basic with 20 channels to digital with over 200 channels. Certain packages offer Digital Video Recording services and pay subscription services such as HBO. Pricing varies for the packages depending on the number of channels and services [2].
Internet
Time Warner Cable, Inc. offers Internet services that span from 2Mbps to 50Mbps, allowing a range of basic Internet usage to plans that can accommodate large homes with multiple Internet-ready devices [3].
Phone
Time Warner Cable, Inc. offers a number of voice packages. An unlimited domestic plan is offered for a monthly rate, as well as basic and premium international plans [4].
-Glenn A. Britt Courtesy of Time Warner Cable [18].
Glenn A. Britt
Chairman & CEO
-Robert D. Marcus Courtesty of Time Warner Cable [19].
Robert D. Marcus
President & COO
Arthur T. Minson, Jr. Courtesy of Time Warner Cable [20].
Arthur T. Minson, Jr.
Executive VP & CFO
Competitors
Time Warner Cable, Inc.’s primary competitors in the cable industry are AT&T, Inc., Comcast Corporation, and Dish Network Corporation. Competition became a serious issue for Time Warner Cable after it lost over 300,000 subscribers during the month long CBS blackout [6].
Ownership History
The 1968 founding of the American Television and Communications (ATC) set the foregrounds for Time Warner Cable, Inc. In 1989, Time Inc. and Warner Cable merged to become Time Warner, Inc. In 1992, a merger between ATC and Warner Cable was announced, creating Time Warner Cable. In 2009, Time Warner Cable and Time Warner, Inc. separated. NewWave Communications and Insight Communications were acquired by Time Warner Cable, Inc. in 2011 and 2012, respectively [7].
Financials
2013 has been a successful year for Time Warner Cable. Stock prices fell in February and March, going as low as $84.75 but have remained steadily above $100.00 since the end of July. A noticeable valley in stock prices occurred between August and September, when Time Warner Cable had its conflict with CBS, prompting a large loss in subscribers. Stock prices saw an increase in early October and have remained consistent throughout November, showing a rebound from the discrepancy [8].
Quarterly data has ranged from $5.5 Billion to $5.6 Billion in 2013, and current stocks suggest this trend will continue in the fourth quarter. This forecast means a total revenue of roughly $22 Billion in 2013, showing on par results with the 2012 revenue of $21.3 Billion and surpassing the 2011 revenue of $19.7 Billion, marking a successful year for Time Warner Cable [9]. However, due to the CBS conflict, Time Warner Cable is now expecting only a 3-3.5% increase in revenue for 2013 as opposed to the initially projected 4-5% [10].
In The News
The CBS and Time Warner Discrepancy
CBS ad concerning Time Warner blackout. Image Courtesy CNN Money [21]
The retransmission agreement between CBS and Time Warner Cable, Inc. ended in June of 2013, and the failure to reach a new agreement after numerous deadline delays resulted in the station being blacked out in eight markets across the United States on August 2nd [11]. CBS was seeking more compensation from Time Warner Cable due to the high ratings of its programming. An agreement was reached and CBS was reinstated in the markets on September 2nd, 2013. The beginning of the regular NFL season caused urgency in reaching an agreement, as both sides wanted to reap advertising benefits [11]. Over the course of the blackout, Time Warner Cable lost over 300,000 subscribers, and also had to compensate pay-subscribers for different CBS owned stations, including Showtime [10].
Increasing Internet Speeds
Time Warner Cable router. Image courtesy Hot Hardware. [22]
Following the problematic CBS blackout, customers in the New York, Los Angeles, and Hawaii markets will have their Internet speeds increased. Those with the Ultimate Internet package will have speed doubled from 50 to 100Mbps through the rest of the year, while other markets will receive the increased speed throughout 2014. The baseline Internet offering will also be doubled in speed, while maintaining its $14.99 price. Customers with the existing baseline Internet package will receive the speed increases throughout 2014. Time Warner Cable hopes to appease its remaining customers and bring back customers who cancelled their subscriptions with these speed increases [12].
IntelligentHome Service Expands
IntelligentHome display. Image courtesy Time Warner Cable [23].
Time Warner Cable’s 2011 project, IntelligentHome, finalized its national implementation in November. The service allows for electronic control of several aspects of the home, including lights, temperature, and security. A central, outlet connected device acts as the main control and mobile applications can be used to access IntelligentHome, allowing control from outside of the home. The $99.99 installation and monthly fees below $40 are looking to revolutionize home security and efficiency. Time Warner Cable entering into the emerging home automation market and creating all encompassing deals with Internet and cable can result in a brand makeover [13].
Al Jazeera Distribution
Al Jazeera America logo. Image courtesy American Thinker [24].
News source Al Jazeera America announced a distribution deal with Time Warner Cable in late October. The channel initially launched in New York City and Los Angeles, as these are seen as key markets. Al Jazeera America will be fully implemented in all of Time Warner Cable’s Markets by March of 2014. Time Warner Cable viewed adding Al Jazeera America as an opportunity to replace Current TV, which was pulling in lackluster ratings. The channel is currently attracting fewer than 25,000 viewers at any given time, but Time Warner Cable and Al Jazeera America are hopeful that it will follow a similar ratings trajectory of other news stations such as Fox News and MSNBC[14].
Samsung Galaxy Tablet Partnership
Time Warner Cable and Samsung Galaxy Promotion. Image Courtesy Multi Channel [25].
With the 2013 holiday season approaching, Time Warner Cable has entered into a partnership with Samsung, offering new and old customers an opportunity to get a Samsung Galaxy Tablet. By selecting or upgrading to particular cable and Internet packages, customers will receive a complementary tablet. Samsung and Time Warner Cable are seeking a mutually beneficial relationship; Time Warner Cable is hoping to get more customers and upgrades by attaching the desired tablet to its packages, while Samsung is looking to be competitive with Apple in the tablet market. Time Warner Cable is also looking to promote the idea of watching television on a tablet, whether inside or outside of the home through these packages, so tablets will come with the Time Warner Cable application already installed [15].
Streaming Deal With Discovery
Discovery Channel Logo. Image courtesy of Hollywood Reporter [26].
Time Warner Cable made an agreement with Discovery Communications that involves streaming the content of its numerous channels across new platforms including smartphones and tablets. This may be implemented through Time Warner Cable’s official mobile application, or Discovery may potentially be launching its own applications. Comcast entered a similar agreement with Discovery Communications, but solely with Discovery Channel, opening an opportunity for Time Warner Cable to gain a wider market than one of its major competitors. The recent announcement from Nielsen that portable views will start to be accounted for in ratings was an extra incentive for both parties [16].
Viacom Inc.
1515 Broadway
New York, New York 10036
(212) 258-6000
www.viacom.com
@Viacom
Sumner M. Redstone, Philippe Dauman, Thomas E. Dooley, Robert Bakish, and Brad Grey [2],[3],[4],[5],[6]
Top Executives
Sumner M. Redstone: Founder and Chairman of the Board of Directors since 2006. He also serves as the Executive Chairman of CBS [7].
Philippe Dauman: President and CEO since 2006 [8].
Thomas E. Dooley: Chief Operating Officer since 2010. He previously served as the CFO [8].
Robert Bakish: President and CEO of International Media Networks since 2011. He oversees all media networks outside of the United States [8].
Brad Grey: CEO of Paramount Pictures since 2005. Grey oversees the entire branch of Paramount Pictures [8].
A Brief History
In 1971, Viacom was formed by breaking off from CBS; it then merged with Warner Communications in 1983 [9]. It bought MTV in 1986, and then merged with Paramount Communications in a nearly $10 billion agreement [9]. The VIA stock became available to be bought and sold in the NYSE in 1999 [9]. CBS, the company it came from, and Viacom merged in a nearly $40 billion merger in 2000 [9]. In the next few years, it purchased BET, Noggin, Comedy Central, TNN, and more [9]. CBS and Viacom then split again in 2006 [25]. Also in 2006, Paramount acquired Dreamworks LLC, and MTV then partnered with Warner Music group [9]. Most recently, in 2011, Viacom International Media Networks was created [9].
General Overview
Viacom has many diverse assets, and therefore produces a lot of varied programming in different markets. It owns 205 television channels, spanning over 169 territories and in nearly 40 different languages [10]. It also owns Paramount Pictures, a big player in the film industry, and has released films of all types, such as The Adventures of Tintin and Paranormal Activity, that reach varied demographics.
Viacom’s TV Assets [11]
In the cable television market, Viacom has many different assets. These networks are very different and, again, reach many different audiences. Some of their major assets include MTV and Nickelodeon, which reach a younger audience, Comedy Central, Spike, and BET, which reach an adult audience, and TV Land, which reaches an older audience. Each network plays very different programming. VH1 and MTV play both shows about popular music and reality shows, with series such as Buckwild on MTV and Top 20 Video Countdown on VH1. Comedies of all different types are played on Comedy Central, such as The Colbert Report, and TV Land offers a lot of reruns of old shows and some original programming. Networks such as CMT (Country Music Television) and BET (Black Entertainment Television) also reach very specific demographics. Nickelodeon is the #1 cable network for seventeen years, showing the success of their networks [12].
Spongebob Squarepants, airing on Nickelodeon. [13]
Viacom has a lot of competitors, some of which include NBCUniversal, Time Warner, and Walt Disney [14]. Still, it is a leader in the cable television market .
Financials
During the first quarter of 2013, Viacom had a revenue of $3.314 billion, which includes $2.394 billion from media networks and $975 million from films [15]. This number is down 16% from last year’s first quarter [15]. However, media networks hardly decreased, down only 2%; this decrease is mainly due to filmed entertainment, which is down nearly 40% [15]. MTV is the network with the highest revenue, at around $548 million, with Nickelodeon following at around $357 million [10].
Viacom Inc. Stock 1 Year Chart [16]
The Viacom stock, sold as VIAB on NASDAQ, is currently priced at $65.49, hitting a high [16]. This is nearly $20 higher than CBS, around $7 higher than the Walt Disney Company, and nearly $25 higher than Comcast, all of which are Viacom’s competitors [17]. The VIAB stock increased greatly this year, raising from $46.75 a year ago to $65.49 today [16]. Viacom also sells class A stock, VIA, at $66; with this, stockholders have voting rights.
Recent News
Viacom has been in the news recently due to two major cases. First of all, Cablevision, a big cable TV service provider, is suing Viacom for bundling its channels and charging more for single channels [18]. This has, however, been its practice for a very long time. Also, last year, the case starting in 2007, in which Viacom sued Youtube, the popular website where users can upload their own videos, saying that some of its content infringed on Viacom”s copyright, was revived [19]. This case is still going on today.
Viacom also, however, has had a lot of positive things going on recently. VH1’s ratings in adult viewership raised 33% in 2012 [20]. It also has a lot of new shows airing this season, including Best Week Ever and The Jenny McCarthy Show, and new episodes of older shows, such as the very successful Mob Wives.
Also, the 26th Annual Kids’ Choice Awards, airing on March 23rd, drew an audience of nearly 6 million viewers with just the premiere, boosting Nickelodeon’s ratings greatly [21]. The 2013 MTV Movie Awards are set to air April 13th, which should also boost MTV’s ratings.
Digitally, Viacom is working on a lot of new technology in order to better the viewer experience. The new Star Trek into Darkness app allowed app users to get tickets to an early showing of the film [22]. Also, Spike TV, a cable channel, has created a new app for using while viewing Bellator MMA, a mixed martial arts fighting tournament. The app allows veiwers to interact with the show in a way not used with other second screen apps, using results from judging on the app in the live show [23].
1515 Broadway
New York, NY 10036
(212) 846-3939 www.cbsradio.com
About CBS Radio
CBS Radio, a division of the television and radio company CBS Corporation, is the third largest radio station owner and operator in America with 127 broadcast stations in 28 major markets across the country under its control, and over 70 million listeners tuning in weekly.[1] Its flagship broadcast formats are sports, news and talk, and CBS Radio continues to be the largest broadcaster of play-by-play coverage and discussion of the major sports franchises in America, including the MLB, NFL, NBA, and NHL.[2] CBS Radio also offers local digital media in over two dozen markets in the US, with local traffic, news, weather as well as other recorded content for on demand access on the Internet and custom mobile apps.[3] CBS Radio’s particular attention to on-air personalities has made it a continual standout in the increasing switch to automated and syndicated radio programming for broadcast radio today.[4]
Key People
Dan Mason
Dan Mason was named president and CEO of CBS Radio in 2012 and oversees all stations as well as the day-to-day operations of the subsidiary. He reports directly to CBS Corporation CEO, Leslie Moonves. Mason has been with CBS Radio for almost two decades, previously serving as an advisor and consultant before stepping up for the role of CEO. He has an extensive background in radio programming and his success with the strategic growth of CBS stations has been reflected in ratings from listeners of all ages.[5]
Kevin Weatherly
Kevin Weatherly is the Senior Vice President of Programming at CBS Radio, the Program Director of the top stations in the Los Angeles market, and also Kevin of Kevin and Bean, the flagship personalities of LA’s KROQ FM. He has been with CBS Radio for over two decades, helping develop audiences for fledgling bands through strategic programming and monumental development for the music industry and radio relationship. He has received accolades and awards from virtually every music publication, including Rolling Stone Magazine, Billboard, Entertainment Weekly and more.[6]
A Brief History
In 1927, talent agent Arthur Jodson created the radio network United Independent Broadcasters in order to showcase the artists that he was working with and as an act of defiance to his employer for refusing to include his roster in their broadcasts. He named the new venture United Independent Broadcasters, but was soon merged with the Columbia Phonograph Company after financial struggles threatened to bury the station before it had even begun. Under the new name Columbia Phonograph Broadcasting Company, the station was launched in September 1927 and quickly grew to earn affiliates and employees, enough to catch the eye of investor William Paley, who bought the station in January 1929 rebranded as Columbia Broadcasting System (CBS). The station continued to grow by embracing advertising, and became a frontrunner in national radio. The company also expanded with ventures in television and film, putting CBS on the map as one of the top media companies in the world. After being outbid for the rights to NFL Broadcast in 1993 and under new leadership, CBS was sold to Westinghouse Corporation for $5.4 billion and put under the control of Viacom. In 2005 with the economic downturn, the television and film divisions of CBS were spun off under Viacom to improve stock market performance and the radio sector along with Infinity Broadcasting, a division of Viacom, were merged and rebranded as the new CBS Radio.[7]
Timeline of Recent Events
On January 2, 2013, CBS Radio launched the largest major market 24 hour sports stations featuring high profile personalities, player and coach interviews, national game coverage and more. This is an effort to condense the 10 million listeners that tune in weekly to over 100 CBS affiliate stations for sports programming, and is meant to compete with rival ESPN Radio.[8]
On January 3, 2013, CBS streamed Bon Jovi’s Tampa concert on Radio.com, the first live event streaming venture for the company. This is meant to rival the live streaming features of iHeartRadio, currently the frontrunner in online radio streaming and app-based radio services, and will lead to many more given the success. A first attempt in December 2012 was postponed due to a major storm affecting the East Coast.[9]
On February 7, 2013, Kevin Weatherly announced a renewal of his contract with CBS Radio, after more than 20 years of unparalleled contribution to the music industry and radio programming today. An on air personality himself on KROQ FM as well as a main contributor to radio’s second largest market in the nation, Los Angeles, Kevin is excited to continue to use his skills and expertise to benefit CBS Radio.[10] The pioneering program CBS World News Roundup celebrated its 75th anniversary on March 13, 2013. It is the longest running newscast in history and provided a benchmark from which modern newscasts would be modeled. News programming was the capstone of CBS Radio programming in the 1950s and 1960s, when Americans turned to radio for entertainment and realtime war coverage. Legendary reporters such as Robert Trout and Edward R. Murrow got their start and made their mark on this program.[11]
Financials
On March 27, 2013 CBS reported fiscal year-end results: revenue is up 2% to $3.7 billion and says that revenues from non-advertising sources is growing even faster than those from advertising.[12]
As a venture of CBS Corporation, the stock price of CBS Radio is dependent on the overall stock performance of all areas of the company in the market. As of April 5, 2013, CBS Corporation stocks are at 45.20 a share, with over 8 million shares on the market. The stock prices tend to fluctuate and rise around the most popular sports seasons, but typically stick around 45.00 a share.[13]
Hearst Corporation dates all the way back to 1887 when William Randolph Hearst founded the company as an owner of newspapers. Today, the company’s holdings include a wide variety of media such as newspapers, magazines, television stations, cable networks, business publishing, Internet businesses, and real estate. Hearst prides itself on becoming one of the nation’s largest diversified media and information companies. [1]
Hearst Television: Company Overview
Hearst Television, Inc., wholly owned by Hearst Corporation, holds 29 television stations and 2 radio stations across the United States. This broadcasting company was formerly known as Hearst-Argyle Television, Inc. and later changed its name to Hearst Television, Inc. in June 2009. The company was founded in 1994. The television stations are viewed in approxiately 18% of US homes making Hearst Television, Inc. one of the largest US television station groups. Hearst Television Inc. owns 13 ABC affiliated channels, 10 NBC affiliated channels, and 2 CBS affiliated channels. The company is also known for its integration of local broadcast television and the Internet through its partnership with Internet Broadcasting. Hearst Television Inc. is also a leader in the “application of digital broadcast spectrum for new local informational services.” [2]
Hearst Television station group has won a multitude of awards. The company has been given six consecutive Walter Cronkite Awards (presented by University of Southern California’s Annenberg School for Communication) for their excellence in television political journalism. The stations also have receeived awards for excellence in journalism, programming, and community service (e.g. the Peabody, the duPont-Columbia University Journalism Award, the Sigma Delta Chi Award, the Garbiel, the Ad Council Silver Bell, the National Headliner Award, the Edward R. Murrow Award and the Emmy). [4]
Executives
[15] Chairman & CEO, Hearst Television Inc. — David J. Barrett
“The advent of new media platforms is an exciting opportunity for Hearst Television to further advance engagement with local communities. Technology is providing us with new opportunities to reach our viewers, enhance our news-gathering efforts,and provide a broad range of advertising and marketing solutions for our customers.” [5]
Broadcasting Office David J. Barrett, Chairman & CEO of Hearst Television, Inc. Jordan Wertlieb, President of Hearst Television, Inc. Frank Biancuzzo, Senior Vice President of Hearst Television, Inc. John J. Drain, Senior Vice President, Finance of Hearst Television, Inc. Roger Keating, Senior Vice President of Hearst Television, Inc.
Assets
TV Stations WCVB – Boston, MA – ABC affiliate WMUR – Manchester, NH – ABC affiliate WMOR – Tampa-St. Petersburg, FL – NC affiliate WESH – Orlando, FL – NBC affiliate WKCF – Orlando, FL – CW affiliate WTAE – Pittsburgh, PA – ABC affiliate WBAL – Baltimore, MD – NBC affiliate WYFF – Greenville-Spartanburg, SC – NBC affiliate WPBF – West Palm Beach, FL – ABC affiliate WGAL – Lancaster, PA – NBC affiliate WXII – Greensboro/Winston-Salem, NC – NBC affiliate WLKY – Louisville, KY – CBS affiliate WMTW – Portland-Auburn, ME – ABC affiliate WPTZ – Burlington, VT – NBC affiliate WNNE – Plattsburgh, NY – NBC affiliate KMBC – Kansas City, MO – ABC affiliate KCWE – Kansas City, MO – CW affiliate WISN – Milwaukee, WI – ABC affiliate WLWT – Cincinnati, OH – NBC affiliate KOCO – Oklahoma City, OK – ABC affiliate WDSU – New Orleans, LA – NBC affiliate KCCI – Des Moines, IA – CBS affiliate KETV – Omaha, NE – ABC affiliate WAPT – Jackson, MS – ABC affiliate KHBS – Fort Smith, AR – ABC affiliate KHOG – Fayettville, AR – ABC affiliate KCRA – Sacramento/Stockton/Modesto, CA – NBC affiliate KQCA – Sacramento/Stockton/Modesto, CA – MNT affiliate KOAT – Albuquerque, NM – ABC affiliate KITV – Honolulu, HI – ABC affiliate KSBW – Monterey-Salinas, CA – NBC affiliate
On June 3, 2009 the Hearst Corporation acquired outstanding shares of Series A Common Stock of Hearst-Argyle that it did not already own. Since August 5, 2009, Hearst Television Inc., once the company merged to be a wholly-owned subsidiary of Hearst, stopped filing and sharing periodic and annual reports to the public making it no longer a SEC reporting company. [7]
In Recent News
On December 6, 2012 Hearst Corporation announced new executive leadership positions. David J. Barrett would be the new chairman and CEO of Hearst Television and Jordan Wertlieb would become president. All changes were effective immediately. [8]
In Hearst Corporation CEO Frank A. Bennack Jr.’s 2012 Annual Review letter, he emphasized how much the year brought on “tremendous growth for Hearst Television’s on-air and digital revenues.” It was reported that eighty percent of Hearst Television Inc.’s newscasts hold first or second place rankings. [9]
[16] Hearst Television Inc.’s 2012 Annual Review Letter
The election year of 2012 also helped the company with stations in key primary and swing states, redesigned websites and the new Election 2012 app. The app allowed for consumers to access “up-to-the-minute and in-depth election-related national content as well as content from the company’s news stations in 25 markets stretching from Portland, Maine to Honolulu.” [10]
On April 3, 2013 Hearst Television Inc. announced the renewal of its alliance with PolitiFact, the fact checking website of the Tampa Bay Times. “In one recurring feature of the exclusive partnership, Hearst Television’s Washington, D.C., Bureau produced segments on PolitiFact’s fact-checking about the presidential campaign using the website’s much-discussed ‘Truth-O-Meter‘.” [11]
CBS Films, is a film studio company that handles many areas of development, including film production, distribution, financing and marketing. It is owned by CBS Corp. and was founded by Les Moonves in 2007. Since its creation, CBS Films has released ten films, including “The Woman in Black,” “The Back-Up Plan,” and “The Mechanic” [2][3][4].
Terry Press was named Co-President of CBS Films in April 2012. As Co-President, she oversees creative aspects of the company including initial development, marketing, production and distribution. Before joining the company, Press worked at 7570 Marketing Inc. where she worked as a marketing consultant on many CBS Films [5]. She also had success working as a consultant on both “The Social Network” and “The Hunger Games” [6].
Wolfgang Hammer was also named Co-President of CBS Films in April 2012, in conjunction with Terry Press. As Co-President, Hammer uses his “savy” negotiating skills in acquisitions and also oversees the company’s business, finance and legal affairs [6]. Before working at CBS Films, Hammer was Executive Vice President at Lionsgate[7].
Finance
CBS Corp. reported record numbers for the fourth quarter of 2012. Since the fourth quarter of 2011, revenue rose 2% ($3.7 billion), operating income rose 12% ($726 million) and adjusted EPS rose 14% ($0.64). Les Moonves, CEO of CBS Corp., has even higher expectations for next year [8].
Both of CBS Films’ most recent films, “Seven Psychopaths” (October 2012) and “The Last Exorcism Part II” (March 2013), earned back their respective production budgets. “The Last Exorcism Part II” actually brought in over three times its original production budget ($15 million made versus $5 million budget) [9].
New Releases
The Last Exorcism Part II
CBS Films released its horror-film, “The Last Exorcism Part II,” on March 1st, 2013. It took in over $7.7 million on its first weekend (2,700 theaters) and grossed over $15 million in its remaining five weeks [10]. Despite earning back its production budget, the film was poorly received, having just a 13% critic rating and 35% audience rating on Rotten Tomatoes[11].
Trailer for “The Last Exorcism Part II”
Awards
“Salmon Fishing in the Yemen” was nominated for three Golden Globes, including best musical or comedy, best actor in a musical or comedy and best actress in a musical or comedy [12]. However, the film lost in all three categories [13].
Nick Robinson, Gabriel Basso and Moises Arias in “The Kings of Summer”[16]
On January 22nd, 2013, CBS Films acquired the domestic rights to the coming-of-age comedy “Toy’s House.” The movie premiered at Sundance, where it received great reviews, prompting CBS Films’ move to make a deal. It has since been retitled as “The Kings of Summer,” and is slated for a May 31st release date. The film is directed by Jordan Vogt-Robert, written by Chris Galleta, and stars Nick Robinson, Gabriel Bosso, Moises Arias and Nick Offerman. “The Kings of Summer” focuses on a group of friends who attempt to move into the woods and live off the land, and is being compared to “Stand By Me,” “Superbad,” and “The Goonies” [16][17].
Trailer for “The Kings of Summer”
Last Vegas
Morgan Freeman, Kevin Kline, Robert DeNiro and Michel Douglas in “Last Vegas” [18]
On February 6th, 2013, CBS Films set a new release date for their new buddy-comedy, “Last Vegas.” The film was originally slated for December 20th, an attempt to play into the Christmas movie market, but has since changed to November 1st. It is directed by Jon Turteltaub, written by Dan Fogelman, and produced by Laurence Mark and former CEO and president of CBS Films, Amy Baer[18]. The film was produced by CBS Films and had been in talks since before September, 2011 [19].”Last Vegas” stars Morgan Freeman, Robert DeNiro, Kevin Kline and Michael Douglas, and focuses on a group of old friends who throw a bachelor part in Las Vegas [18]. There is no trailer available for this film yet.
“Gambit,” a Coen Brothers comedy starring Colin Firth, will be released sometime in late 2013 [22]. The film has already been released in Ireland [23].
On February 19th, it was announced that CBS Films had acquired the domestic rights to distribute the new Coen Brothers film, “Inside Llewyn Davis” for around $4 million. Studio Canal financed the movie itself and is holding onto some foreign distribution rights. The film centers around the Greenwich Village music scene in the 1960s and stars Oscar Isaac, Carey Mulligan, John Goodman and Justin Timberlake, among others. There has been no release date set for CBS Films’ newest acquisition [26].
Trailer for “Inside Llewyn Davis”
Production
On January 24th, CBS Films announced it will be developing “Olivia Twisted,” a debut screenplay from stuntman Brian Roberts. “Twisted” is a fictional adaptation on the classic novel, “Oliver Twist,” and revolves Olivia, a member of a metropolitan teenage gang at war with a rival gang. Michael De Luca and Alyssa Phillips are set to produce the film [27].
AMC Networks (NASDAQ: AMCX) is an American entertainment company founded in 1980 whose brands include the cable networks AMC, IFC, Sundance Channel, and WE tv. The company also controls IFC Films, a United States distributor of indie film.
In 2012, the company’s revenues increased from $1.188 billion in 2011 to $1.353 billion, a growth of 13.9%. AMC Network’s overall income also increased 11.1%, maturing from $327 million in 2011 to nearly $463 million in 2012. Company stock prices have also increased about 18% since January (as of April 3, 2013).
AMC was first launched in 1984. Since then, the network has gone on to become the only cable network in history to receive the Emmy Award for Outstanding Drama Series four years in a row and the only cable network to win the Golden Globe Award for Best Television Series – Drama for three years in a row. AMC’s popular original series include Mad Men, Breaking Bad, and The Walking Dead.
IFC is the Independent Film Channel and was initially launched in 1994. The channel airs original series such as Onion News Network and Portlandia as well as numerous indie films and other syndicated television shows.
Sundance Channel was founded by Robert Redford in 1996. Its original series include Girls Who Like Boys Who Like Boys and All On The Line.
WE tv is a network targeted at women and was first launched in 1997. Popular original series include Braxton Family Values and Bridezillas.
IFC Films distributes independent films throughout the U.S. This division also controls the feature film production company, IFC Productions.
Josh Sapan, President & Chief Executive Officer of AMC Networks
Charles DolanExecutive Chairman
Josh SapanPresident & Chief Executive Officer
Charlie CollierPresident & General Manager, AMC
Jennifer Caserta Priore President & General Manager, IFC
Sarah Barnett Executive Vice President & General Manager, Sundance Channel
Kim Martin President & General Manager, WE tv
Recent News (January-April 2013):
April 1: The season three finale of AMC‘s The Walking Dead on March 31st delivered 12.4 million viewers total and 8.1 million viewers age 18 to 49 with a 7.4 HH rating, making it the #1 TV program for the week and #1 television show for the overall season amongst adults age 18-49 [6].
AMC’s new logo and tagline
During the airing of the finale, AMC debuted its brand new logo and tagline, replacing its old tagline, “Story Matters Here,” with “Something More.” Linda Schupack, AMC’s executive vice president of marketing explained that, “AMC: Something More further refines our focus on- and off-air and speaks to our promise to viewers to provide an experience that is unexpected, unconventional and uncompromising” [7].
March 21: AMC released a trailer for its newest original series, Low Winter Sun, a police drama set in Detroit based on a 2006 British miniseries.
The show is being co-produced by AMC Studios and Endemol Studios. Its credits include executive producer Chris Mundy, who has previously worked on CBS’s Criminal Minds [8].
March 13: James Maiella was appointed as the new senior vice president of corporate communications at AMC Networks. Maiella will overlook business and trade relations for all of the companies cable networks as well as IFC Films. He will work alongside the company’s other current senior vice president of corporate communications, Georgia Juvelis [9].
March 12: AMC Networks launched YEAH!, a movie streaming service. Movies are currently available on www.YEAHTV.com, which carries classic films with added bonus features, such as interviews with filmmakers and story notes, only available exclusively through the service. Users must pay $5 to watch a movie and its additional bonus features or can pay $2 to watch a movie without the added content. The service is only available online through a computer for now, but an iPad app is set for release this summer [10].
March 5: Anchor Bay Entertainment and AMC Networks completed a home entertainment distribution deal, giving Anchor Bay the rights to distribute DVD and Blu-ray releases of AMC, IFC, and Sundance original series throughout the United States and Canada. Some specific digital distribution deals are also included in the agreement.
Sundance’s Rectify and AMC’s Low Winter Sun, which have both not debuted yet, will be the first series distributed under the new deal. Anchor Bay has worked closely with AMC Networks in the past, serving as the home entertainment distributor for AMC’s The Walking Dead [11].
February 25: Sundance Channel and AMC reached an agreement giving Sundance Channel syndication rights to the off network premiere of AMC’s Breaking Bad.
Breaking Bad’s Walter White
This agreement comes in lieu of the upcoming premiere of Sundance Channel’s first ever scripted series, Rectify, which is produced by the same group behind Breaking Bad [12].
Rectify is set to premiere on April 22, 2013 at 10:100pm et/pt [13].
February 21: WE tv greenlighted a new unscripted reality series, Glam & Gold, starring olympic gold medalist Sanya Richards-Ross and two-time Super Bowl champion Aaron Ross. Filming is already underway in Austin and Jacksonville. Glam & Gold joins a host of other WE tv shows starring African-Americans including Mary Tary and Braxton Family Values [17].
February 15: IFC Films secured North American rights to the indie neo-noir thriller, The Canyons, starring Lindsay Lohan and James Deen and directed by Paul Schrader. The film will premiere in early summer at a Special Presentation at the Film Society of Lincoln Center in conjunction with a day-and-date release. Schrader’s film will also be simultaneously released on a variety of other digital platforms [18].
February 11: The Walking Dead’s February 10th airing of its season 3B premiere on AMC delivered 12.3 million viewers. With 7.7 million viewers age 18-49, the episode delivered the highest rating for a television series in basic cable history for that demographic.
The series’ average viewership in season 3 for adults 18-49 was 6.8 million, making it the #1 program of the season amongst that age range [14].
February 5: Joel Stillerman, executive vice president of programming, production, and digital content for AMC, announced a two-year first look deal with Stacey Sher and Michael Shamberg of Double Feature Films. Shamberg and Sher are both two-time Academy Award nominees and have worked on a variety of films together including Django Unchained, Erin Brokovich, and Garden State [15].
January 15: AMC and Fox Television Studios announced a new agreement that will bring AMC’s The Killing back to the network for a third season. The agreement brings Veena Sud back as the series’ executive producer and showrunner and also brings back lead actors Mireille Enos and Joel Kinnaman. Production of the show’s new season began on February 25 in Vancouver [16].
Sinclair Broadcasting Group Inc. is one of the largest broadcast companies to date. SBG owns and operates programs or provides sales services to 112 TV stations that span 61 markets nationwide. Sinclair Broadcasting Group reaches about 29.8% of U.S. TV households. Station affiliates include FOX, ABC, MyTV, CW, CBS, NBC, MTN and Azteca.
Headquarters Address: 10706 Beaver Dam Road, Hunt Valley, Maryland 21030
Located in Hunts Valley, Maryland, the Chesapeake Television Corporation was founded by Julian Sinclair Smith in 1971. Station ownership started in Baltimore (WBFF), Pittsburgh (WPTT/WPMY) and Columbus (WTTE). The last of the remaining stocks were bought by Smith’s four son is 1985 and since then the company has been named Sinclair Broadcasting Group. David B. Smith has served as
President and CEO since 1988, while the other three brothers hold various executive positions. With the help of the brothers the company has done nothing but grow in audience size and content range. The year 1995 changed it all when the company became publicly traded. Sinclair owns the majority of its stations, but they do operate some affiliates for the networks using local marketing agreements.
Since the beginning of the New Year SBG has been placing new General Managers in many of its markets across the country. On January 2, 2013. Noreen Parker was named GM of WTTA-TV (MY TV Tampa Bay) in Tampa, Florida. On January 3rd Sinclair announced that Jim Lapiana would be the new GM of WPGH-TV (Fox 53) and WPMY-TV (MNT 22) in Pittsburgh. Also on January 3rd Ronna Corrente was named GM of WDKY-TV (Fox 31) in Lexington, Kentucky. And lastly on March 7th, Terry Gaughan was named GM of WCGV-TV (My 24) and WVTV-TV (CW 18) in Milwaukee, Wisconsin.
Another major piece of employee news is Steve Pruett joined senior management team as Chief Operating Officer of Chesapeake TV. Pruett has meny years of experience in the media, up until recently he was the CEO of Communication Corporations of America (CCA). Along with being the COO of Sinclair Television Group in the mid-sized market, Marks will also oversee the Company’s most recent strategy for small markets.
During February, Sinclair Broadcasting Group made a deal hoping to create initiative for small market television. The company signed an agreement to purchase stock and broadcasting assets of four television stations owned by COX Media Group. The deal was set for $99 million. These stations operate four different markets and reach about 0.9% of U.S. TV households. David Smith, President and CEO of Sinclair was quoted: “Over the past 18 months, we have led the industry’s consolidation efforts in the mid-sized markets, purchasing 30 TV stations and creating over $400 million of equity value. We believe our platform size and leadership position allow us to bring meaningful purchasing power and negotiating leverage to these stations. Including synergies, we believe the CMG stations can generate approximately $20 million of cash flow, on average.”
[6]
Also in February of this year, Sinclair reached an agreement with DirecTV regarding the retransmission consent agreement. They have entered a short-term extension to the existing contract so that both parties will be able to enter into a formal agreement. In conclusion, DirecTV will continue to carry all of Sinclair’s stations.
On February 28th SBG announced an agreement to purchase 18 television stations owned by Barrington Broadcast Group, LLC for $370 million. It also entered agreements to operate or provide sales services for another six stations. These 24 stations are located in 15 different markets and reach 3.4% of U.S TV households. David Smith commented: “This week, we launched our small market television group when we announced we would be acquiring certain of the COX Media television stations. The Barrington stations are an important part of that strategy, providing meaningful scale to the group. Including synergies, we believe the Barrington stations can generate approximately $71 million of cash flow, on average.”
[8]
Conflicts with FCC ownership rules have forced Sinclair to sell its station WSYT (Fox) in Syracuse, NY and assign its local marketing agreement and purchasing option on WNYS (MNT) in Syracuse. The Company also sold its station WYZZ (Fox) in Peoria, IL. The license assets of four stations will be bought by Cunningham Broadcasting Corporation and Howard Stirk Holdings (newly formed and controlled by Armstrong Williams who is the founder and CEO of Graham Williams Group).
On April 2nd, SBG announced its full support of MobileDTV. Over the next six months, the Company will being to broadcast 10 mobile-cable signals in nine different markets. This is in partnership with Cunningham Broadcasting Company that broadcasts two stations in Columbus, Ohio (WSYX-TV and WTTE-TV). Consumers in these markets will be able to use MobileDTV on their smartphones or tablets to enjoy local over-the-air broadcasting for free simply by installing a plug-in adaptor. Sinclair has long been a mobile tv advocate has committed to offer some FOX affiliates on this developing platform. MobileDTV is expected to help with targeted advertising and the TV anywhere anytime for consumers.
Find a list of available stations and markets here.
SBGI Financial Reports
[13]
Sinclair announced its first quarter of 2013 estimates of a net broadcast revenue of about $251.9 millon to $254.9 millon. Also an EBITDA of approximately $90.3 million to $93.3 million. The Board of Directors declared a $0.15 dividend to all Class A and B stock holders as of close on March 1st, 2013. The dividend became payable on March 15th.
Listen to the First Quarter Earnings Webcast and Conference call here
Financial Events Calendar
May 1, 2013- First Quarter 2013 Earnings Report
June 6, 2013- Annual Shareholders Meeting
August 7, 2013- Second Quarter Earnings Report
November 6, 2013- Third Quarter 2013 Earnings Report
Industry Conferences
March 4-6 dbAccess Media, Internet and Telecom Conference Palm Beach, FL.
April 8-9 Wells Fargo Investor Forum at NAB Las Vegas, NV.
May 7-9 Jefferies 2013 Global Technology, Media and Telecom Conference The Westin, NYC
May 20-22 Barclay’s High Yield and Syndicated Loan Conference Chicago, IL.
May 30th– The Benchmark One on One Investor Conference Milwaukee, WI.
![Ellen M. East: Executive Vice President & Chief Communications Officer [10]](https://bejone03.expressions.syr.edu/trf235/files/2013/11/1349207438909.jpg)
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![Time Warner Cable router. Image courtesy Hot Hardware. [22]](https://bejone03.expressions.syr.edu/trf235/files/2013/10/Time-Warner-Cable-IntelliGo.jpg)
![Intelligent Home display. Image courtesy Time Warner Cable. [24]](https://bejone03.expressions.syr.edu/trf235/files/2013/10/Trifeca_3_devices.png)
![Al Jazeera America logo. Image courtesy American Thinker [24].](https://bejone03.expressions.syr.edu/trf235/files/2013/10/al-jazeera-america-carousel-large-1.jpg)
![Time Warner Cable and Samsung Galaxy Promotion. Image Courtesy Multi Channel [25].](https://bejone03.expressions.syr.edu/trf235/files/2013/10/TWCTabletpromo.jpg)
![Discovery Channel Logo. Image courtesy of Hollywood Reporter [26].](https://bejone03.expressions.syr.edu/trf235/files/2013/10/discovery_channel_logo.jpg){kind=logo}
![Morgan Freeman, Kevin Kline, Robert DeNiro and Michel Douglas in "Last Vegas" [***]](https://bejone03.expressions.syr.edu/trf235/files/2013/04/LastVevasPhotoT__121105142229.jpeg)
![Scene from "The To Do List" [***]](https://bejone03.expressions.syr.edu/trf235/files/2013/04/the-to-do-list-aubrey-plaza-rachel-bilson-600x402.jpg)
![Promotional poster for "Gambit" [***]](https://bejone03.expressions.syr.edu/trf235/files/2013/04/Gambit-UK-Poster.jpg)
![Theatrical poster for "7500" [***]](https://bejone03.expressions.syr.edu/trf235/files/2013/04/7500-movie1.jpg)
![Oscar Isaacs in "Inside Llewyn Davis" [***]](https://bejone03.expressions.syr.edu/trf235/files/2013/04/InsideLlewynDavis__130219160838.jpg)
President and CEO since 1988, while the other three brothers hold various executive positions. With the help of the brothers the company has done nothing but grow in audience size and content range. The year 1995 changed it all when the company became publicly traded. Sinclair owns the majority of its stations, but they do operate some affiliates for the networks using local marketing agreements.
[8]
![[20] CBS/NFL Logo](http://en.wikipedia.org/wiki/File:Nfloncbs_logo.png){kind=link}
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