Hearst Television #1

Posted on September 30, 2015 by Jamaya Powell

Jamaya Powell

Logo of the Hearst Corporation Source: BounceExchange.com [9]

History

The Hearst Corporation started out as a single newspaper by William Randolf Hearst in 1887.[1]

Founder of the Hearst Corporation, William Randolph Hearst
Source: Old-Picture.com [10]

Since then, the Hearst Corporation has grown to become one of the biggest media and information companies in the world. [2] Hearst incorporated broadcasting into its company in 1928, when they purchased WSOE radio in Milwaukee. The station also became the groundwork of WISN-TV. In 1948, after acquiring various stations across markets, Hearst launched WBAL-TV in Baltimore, WLWT-TV in Cincinnati, and WDSU-TV in New Orleans. These were some of the inaugural television stations in the nation. In 1953, Baltimore’s WBAL-TV was one of the first television stations to transmit in color, as well as launching the famous children’s show “Romper Room,” [3] that ran from the early 1950s to the 1980s. Throughout the years, Hearst Broadcasting acquired more broadcasting stations across various markets. In 1981, WCVB-TV in Boston was declared “the best television station in America” by the New York Times. Hearst Broadcasting acquired Argyle Television Inc., which owned six stations at the time, for $320 million dollars,[4] forming Hearst-Argyle in 1997.[2]

Here is a clip from the popular children’s TV show, Romper Room, as mentioned above. (https://www.youtube.com/watch?v=Xq9-8ZxZ6_Y)

One of the Hearst-Argyle’s stations, WISN-TV in Milwaukee, was the first station within its market to create their very own website, based off its weather segment.The website, which was started in 1997, offers snow closing information, around the clock. In that same year, KITV-TV in Honolulu was the first American digital commercially licensed TV station, which meant that they could provide digital high-definition television or HDTV, for short. Television Broadcast magazine named KITV “Broadcaster of the Year” in 1997. Later in 1999, New England’s WCVB-TV station was the first stations, local and nationwide, to produce an high-definition (HD) TV episode. The TV episode was of its renowned public-affairs program “Chronicle.” [2]

One of the first HD television programs created Source: Constant Contact Archive [11]

That same year, the Hearst-Argyle company acquired the Pulitzer Publishing Co, which owned nine TV stations and five radio stations. They also bought the television properties to Kelly Broadcasting Co. out of Sacramento, California. By the end of the year 1999, Hearst-Argyle owned 26 TV stations, which reached about 17.5 percent of U.S. households, and they acquired seven radio stations. [2]

Hearst-Argyle became one of the first major station groups to release a policy about not airing R-rated movies during prime time television, which is also family viewing time. They announced this policy in 2000, which was a very busy year for the company. They also partnered with the Belo Corporation and LIN Television and launched Broadcast Sales Academy, in order to train future sales professionals and they later launched the Producer Academy in 2002, a training program for the companies’ news producers. Hearst-Argyle had a joint venture with Gannett Broadcasting, the NBC station group and NBC Enterprises to develop and carry syndicated programs on their stations, reaching 60% of U.S. households. Hearst-Argyle was also the first large TV station group to commit at least 5 minutes of on-air time every night to focus on election coverage, starting 30 days leading up to the elections. This charge became the foundation of the company’s “Commitment 2000” effort, which worked to provide comprehensive political-news coverage through the election cycles and this effort later earned them a consecutive number of Walter Cronkite Awards, awarded by the University of Southern California’s Annenberg School for Communication. In 2004, the former president and CEO, David J. Barrett is named by Broadcasting & Cable magazine as “Broadcaster of the Year.” This year, every single Hearst-Argyle television station completed their transition into digital television broadcasting and some of them were the first to offer video on demand for local programming. [2]

One of Hearst’s college partnerships
Source: NCAT.edu [12]

In 2006, Hearst-Argyle partnered with North Carolina A&T University or NCAT for short, to train journalism students and it was one of many internship/ training programs partnerships the company has.[2]

Financials

Hearst Corporation is #33 of Forbes List of America’s Largest Private Companies and the company has produced over $10.3 billion in revenue. [5]

Key Executives

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Jordan Wertlieb President of Hearst Television Source: Hearst.com [13]

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Frank Biancuzzo Senior Vice President of Hearst Television Inc. Source: Hearst.com [14]

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John J. Drain Senior Vice President of Finance at Hearst Television Inc. Source: Hearst.com [15]

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Micheal J. Hayes Senior Vice President of Hearst Television Inc. Source: Hearst.com [16]

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Rodger Keating Senior Vice President of Hearst Television Inc. Source: Hearst.com [17]

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Neeraj Khemlani Co-President of Hearst Entertainment & Syndication & President of Hearst Digital Studios [18]

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George Kliavkoff Co-President of Hearst Entertainment & Syndication & President of Hearst Ventures [19]

Entertainment & Syndication

One of Hearst’s Entertainment & Syndication brands Source: Facebook [20]

Hearst Entertainment and Syndication is a combination of cable network partnerships, television programming activities, and newspaper syndication as well as merchandise licensing operations. Their brands include A&E Networks, Awesomeness TV, Complex, Cosmopolitan Television, ESPN, Hearst Digital Studios, Hearst Entertainment, King Features, NorthSouth Productions, Reed Brennan, and United Artists Media Group.[6]

One of A&E’s popular television shows
Source: Gstatic.com [21]

One of their television brands, A&E Networks, is an award-winning, global media content company. It consists of three brands: A&E Network, HISTORY, and Lifetime. [6] Some of their most popular shows on A&E Networks are Duck Dynasty, Married At First Sight, Storage Wars, The First 48, and Intervention. [7]

United Arts Media Group

The United Arts Media Group creates programming for all media platforms offered by Hearst, including on screen, online and on-the-go. [8]

Current Programming

The Voice Promo Flyer
Source: NBC [22]

United Arts Media Group (UAMG) has created many popular programming including The Voice, Shark Tank, and Survivor. The Voice is currently in its 6th season and has crushed its show rival, American Idol, by having higher viewers and its ability to hold the attention of their key demographic of Americans aged 18-49.

Their other show, Shark Tank, is steadily growing in viewership and in the young adult segment. One of their oldest shows, Survivor, has an average of 9.5 million viewers and has just entered its 29th season. They also produced a feature film called Son of God, which generated $60 million in revenue through U.S. box office sales alone. The film also sold over 700,000 DVDs. [8]

Just this year, they released a follow-up program to the mini TV series, The Bible, called A.D., a 12-hour series that premiered on Easter. They also released a new game show on ABC called 500 Questions. FOX has purchased episodes of UAMG’s hit show, Are You Smarter Than A 5th Grader? Due to the popularity of the original show, Shark Tank, they released a spin-off called Beyond The Tank, which follows up with the startup companies after they launch. They also teamed up with MGM and Paramount to create a remake of the movie, Ben-Hur. They also worked with Open Road to create the film, Little Boy. [8]

Works Cited

History. Hearst. N.p., n.d. Web. 30 Nov. 2015.
Hearst Television History. Hearst. N.p., n.d. Web. 25 Nov. 2015.
Romper Room. TV Party. N.p., n.d. Web. 01 Dec. 2015.
Gilpin, Kenneth N. Hearst to Buy Argyle TV In a Rare Public Venture. The New York Times. The New York Times, 26 Mar. 1997. Web. 01 Dec. 2015.
America’s Largest Private Companies. Forbes. Forbes Magazine, n.d. Web. 29 Nov. 2015.
A+E Networks. Hearst. N.p., n.d. Web. 01 Dec. 2015.
All Television Shows – A&E. AETV. N.p., n.d. Web. 01 Dec. 2015.
Entertainment. Hearst. N.p., n.d. Web. 27 Nov. 2015.
Unlock Your Highest Conversion Revenue. Bounce Exchange. N.p., n.d. Web. 01 Dec. 2015.
William Randolph Hearst. Old Picture. N.p., n.d. Web. 01 Dec. 2015.
Weekly News Update. Downtown Boston. N.p., n.d. Web. 01 Dec. 2015.
STUDENT SCHEDULE. NCAT. N.p., n.d. Web. 01 Dec. 2015.
Jordan Wertlieb. Hearst. N.p., n.d. Web. 1 Dec. 2015.
Frank Biancuzzo. Hearst. N.p., n.d. Web. 01 Dec. 2015.
Bios. Hearst. N.p., n.d. Web. 01 Dec. 2015.
Bios. Hearst. N.p., n.d. Web. 01 Dec. 2015.
Rodger Keating. Hearst. N.p., n.d. Web. 01 Dec. 2015.
Neeraj Khemlani. Hearst. N.p., n.d. Web. 01 Dec. 2015.
George Kliavkoff. Hearst. N.p., n.d. Web. 01 Dec. 2015.
CosmoTV. Facebook. N.p., n.d. Web. 01 Dec. 2015.
Gstatic. N.p., n.d. Web. 29 Nov. 2015.
The Voice. NBC. N.p., n.d. Web. 01 Dec. 2015.

Hearst Television

Posted on November 2, 2013 by Apollonia Maldonato

By Apollonia Maldonato

Photo courtesy of hearsttelevision.com

Hearst Television Inc.

300 W 57th St.

New York, NY, 10019 United States

(212) 887-6800

http://www.hearsttelevision.com

About Hearst Television Inc. [1]

Hearst Television Inc. is the broadcasting arena of the Hearst Corporation. It is comprised of 29 television stations and two radio stations. Its stations reach as many as 18% of households in the United States spanning over two dozen markets. It is one of the nation’s largest television groups. The company owns several ABC and NBC affiliate stations. They also have two radio stations in Baltimore as well as two CBS affiliate stations. Hearst Television leads the convergence of local broadcast television and the Internet through its partnership with Internet Broadcasting. The company started trading privately in 2009 after becoming privately owned by Hearst Corporation.

Key Executives:

David J. Barrett [2], Chairman and Chief Executive Officer of Hearst Television Inc. began working for Hearst Corporation in 1984 as the general manager of the company’s Baltimore radio stations. He was appointed CEO of the company in 2001. Barrett has received several awards in the industry including being inducted into the Broadcasting & Cable Hall of Fame in 2008 and being named Broadcasting & Cable magazine’s 2004 “Broadcaster of the Year.” Jordan Wertlieb [3], President of Hearst Television, began working for Hearst Corporation 1993 and was named the company’s president in December 2012. He also serves as the President- Chairman of the NBC Affiliate board.

Frank Biancuzzo [4], Senior Vice President of Hearst Television, began working for the company in 1995 when he served as the Vice President of Marketing and Promotion. He later became the President of the Hearst Television ABC station in Milwaukee from 2002 until 2007. He was appointed to be a Senior Vice President in 2007. He also has a role of Hearst Television Group Head.

John J. Drain [5], Senior Vice President of Finance, began working at Hearst in 2010 when he was appointed the Senior VP of Finance. Before working for Hearst Television, he was the Vice President of Finance and Administration for the advertising sales division of Comcast Cable Corporation, Comcast Spotlight.

Click for more information on important people at Hearst Television

Competition [6]

Some major industry competitors of Hearst Television are:

Sinclair Broadcast Group Inc.
Raycom Media Inc.
Local TV, LLC

Financials [7]

The last annual report available to the public was published in 2008. During this year the the company had earned $755,738 in revenue. In 2009, Hearst Corporation acquired Hearst- Argyle and it became Hearst Television, a wholly owned component of the company. Since the acquisition, it is no longer a publically traded company and its financial statements are unavailable. However, according to Crain’s New York Business, the company has earned a revenue of almost $10 billion, a $1 billion increase from its 2012 revenue which was slightly more than $9 billion. [8]

Brief History [9]

Photo courtesy of onedomain.com

Hearst Corporation was founded in 1928 when it entered the broadcasting world by acquiring WSOE Radio Milwaukee. Since its original acquisition, the company has bought out dozens of other TV and radio stations. Hearst merged with Argyle Television in 1997 to form Hearst- Argyle Television. The company was publicly traded, first on Nasdaq until 1998 and then transferred to the New York Stock Exchange where it was public until 2009 when the company became wholly owned by Hearst Corporation. The name was officially changed to Hearst Television.

Hearst Television’s Current Expenditures:

Hearst Television’s Upward Spiral

Photo courtesy of cronkiteaward.org

Although Hearst Television is not a commonly spoke of company, its role in political coverage through the years has made Hearst Television a staple in news broadcasting. A challenge for the entirety of Hearst Corporation is finding new businesses that can help define the future of Hearst. The company is currently spiraling upwards, and Hearst Corporation CEO, Steven Swartz and Hearst Television CEO, David Barrett, are striving to find new ways to keep the company heading in this direction. The company has won six consecutive Walter Cronkite Awards for its coverage of politics and is the media leader in political coverage. The Hearst Television group has been successful in local advertising as well as solid coverage of elections. [10]

Improving the TV Viewing Experience

An article published by TV Technology on November 7 stated that Hearst Television Inc has fully incorporated Matrix Solutions’s web-based media CRM and sales analytics solution into all of its TV stations. The complete implementation process took a total of ten weeks to complete. According to Al Lustgarten, vice president of IT for Hearst Television, “Hearst Television’s objective was to find a CRM solution with a partner that understands the broadcast business model and could provide software as a service model.” The Matrix system allows access by means of the web or mobile device. It normalizes data saving time in analyzing it. This is extremely useful at a corporate level. [11]

Hearst vs. Aereo: A Copyright Fight

Hearst Television appeared in federal last month in a plea to shut down the internet streaming website startup, Aereo. The federal court denied Hearst’s request and decision could lead to a supreme court case. The website is unlawfully using copyrighted content from WCVB, Hearst Television’s ABC affiliate Boston TV station, for profit. The law suit was originally filed by Hearst in July. The Judge had decided that the compnay did not make its case and the victory went to Aereo. However, other major broadcasters are fighting the same battle with Aereo’s, so-called, unconstitutional practices. [12]

A Visit to UNC Chapel Hill

Just last week, Hearst Televsion CEO, David Barrett and ABC News President, Ben Sherwood headlined at the Wade H. Hargrove Communications Law and Policy Colloquium at University of North Carolina, Chapel Hill. The two men shared their own remarks on what they believed would be the “Future of Televsion News.” they then engaged in an open discussion with the audience. During his visit, Barrett shared a conversation with Dean Susan King of the UNC School of Journalism and Mass Communication. The two discussed disruptive media in today’s culture as well as the reputation Hearst strives to uphold in society. [13]

Conversation between David Barrett and Dean of UNC Chapel Hill School of Journalism

Support of New Technologies: Investment in Roku

Photo courtesy of amazon.com

Roku, an internet set-top box company, had earned $60 million in funding. One of the companies that invested in Roku was Hearst Television. The company sells softball size boxes that allow consumers to stream music and videos. Roku is currently collaborating with consumer-electronics to have merchandise with Roku readily installed.The Senior Managing Director at Hearst, Ken Bronfin, said in a statement about Roku’s product that Hearst is very impressed about the unique position that Roku has constructed in the media market and they anticipate working with them to develop other innovative services for television audiences. CEO of Roku is grateful for the recognition of his brand’s potential success in the market and belief in the Roku platform. Hearst’s, along with other companys’ generous funding was necessary for this product to potentially re-frame future television consumer experiences. [14]

Hearst Ahead of the Times: The Next Generation Newsroom

Hearst Television’s new project, The Next Generaton Newsroom, is giving reporters, photographers, and producers the latest technology so they can update news on all platforms. The state of the arc technology has changed the way the newsrooms operate. Although the consumers do notice the change, they expect it. Brian Bracco, Vice President of News at Hearst Television Inc. states that with all of the new platforms and methods of spreading news, there is no more exciting time than the present to be in the media business. [15]

Watch “The Next Generation Newsroom” Video

Conclusion

Over the years, Hearst Television has developed innovative ways to better the TV viewing experience. The company has earned a renowned reputation due to its outstanding coverage on politics. Hearst continues to strive to be one of the best television companies in this fast paced world.

Sources

[1] About Hearst Televsion

[2] David J. Barrett

[3] Jordan Wertlieb

[4] Frank Biancuzzo

[5] John J. Drain

[6] Competition

[7] Financial Information

[8] More Financials

[9] History of Hearst

[10] Hearst on a role

[11] Implementing Matrix Solutions

[12] Lawsuit with Aereo

[13] A Visit to UNC Chapel Hill

[14] Investment in Roku

[15] Next Generation Newsroom

Hearst Television, Inc.

Posted on April 8, 2013 by vtwasser

By Val Wasserstein

[12] Hearst Television, Inc. logo on their homepage

Hearst Television, Inc.
300 West 57^th Street
New York, NY 10019-3789
Tel: (212) 887-6800/Fax: (212) 887-6855
www.hearsttelevision.com

Hearst Corporation: Overview

[13] Hearst Corporation official logo

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]

[14] Affiliates of Hearst Television, Inc.

Hearst Television Inc. employs approximately 3,000 full-time employees and their major competitors include Sinclair Broadcast Group Inc., Raycom Media Inc., and Local TV, LLC. [3]

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

David J. Barrett-- Chairman & CEO, Hearst Television Inc.

[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]

–David J. Barrett, Chairman & CEO, Hearst Television Inc.

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

RADIO STATIONS
WBAL 1090 – Baltimore, MD
WIYY 97.9 – Baltimore MD [6]

Finances

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]

[17] Election 2012 app for iPhones & smartphones

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]

[18] PolitiFact logo

Sources

[1] Hearst Corporation

[2] Hearst Television: About Our Company

[3] Hoovers Company Profile: Hearst Television Inc.

[4] Hearst Television: About Our Company

[5] Hearst Corporation: Hearst Television, Inc.

[6] Hearst Television Inc.: Our Stations

[7] Hearst Television: Annual Reports

[8] Hearst Television, Inc. – Press Release

[9] Hearst 2012 Annual Review

[10] Hearst Television, Inc. – Press Release

[11] Hearst TV and PolitiFact Renew Alliance

[12] Hearst Television Image

[13] Hearst Corporation Image

[14] Hearst Television: About Our Company Image

[15] David J. Barrett Image

[16] Hearst Corporation 2012 Annual Review Image

[17] Election 2012 App Image

[18] PolitiFact Image

Hearst Television Inc.

Posted on December 8, 2012 by wmarin

by Whitney Marin

Hearst Television, Inc.
300 W 57^th Street #39, New York, NY 10019
Phone: 212- 887-6800
Website: http://www.hearsttelevision.com/

Company Overview

While larger networks such as CBS and NBC reach much higher percentages of households, Hearst is the leader among independent broadcasting companies in number of households reached.

Hearst Television Inc., a subsidiary of Hearst Corporation, consists of 29 television and 2 radio stations in the United States including 13 NBC affiliated stations, 10 ABC affiliated stations and 2 CBSaffiliates. Formally known as Hearst-Argyle Television, Hearst Television, Inc. was founded in 1994 and operates in the Boston, Tampa, Pittsburgh, Sacramento, Orlando and Baltimore markets. In 2009, Hearst Television Inc., became a wholly-owned subsidiary of Hearst Corporation. (1) The company’s television stations reach approximately 18% of U.S. TV households, making it one of America’s largest television station groups. (2)

Hearst Television Inc., is the six-time consecutive winner of the USC Annenberg Walter Cronkite Award for Excellence in Television Political Journalism and three of their stations, KCCI-TV, KITV, WBAL-TV and WCVB-TV, received the Radio Television Digital News Association’s (RTDNA) Edward R. Murrow Award in 2012. (3) In 1999, the company began a partnership with Internet Broadcasting to facilitate a network and marketing brand for broadcast television stations. (1)

As of August 5^th, 2009, Hearst Television Inc. no longer reports to the U.S. Securities Exchange Commission (SEC) as an SEC reporting company including periodic and annual reports. (4) In 2010, the Leadership Directories cited that Hearst Television Inc.’s annual revenue exceeds $750 million compared to $720.5 million in 2008. (5) (6) Hearst Television Inc. employs approximately 3400 employees and their top competitors include Sinclair Broadcast Group, Inc., Raycom Media, Inc. and Local TV, LLC.

Executives
David J. Barrett, President & CEO
Jordan Wertlieb, Executive Vice President
Frank Biancuzzo, Senior Vice President
John J. Drain, Senior Vice President of Finance
Suzanne Grethen, Senior Vice President of Marketing & Promotion

Stations

Hearst Television Inc. has ABC, NCB and CBS affiliates as well as a partnership with Internet Broadcasting.

Television
WCBV – Boston, MA – ABC affiliate
WMUR – Manchester, NH – ABC affiliate
WMOR – Tampa-St. Petersburg, FL – Independent
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 – W. Palm Beach, FL – ABC affiliate
WGAL– Lancaster, PA – NBC affiliate
WXII – Greensboro/Winston-Salem, NC– NBC affiliate
WLKY – Louisville, KY – CBS affiliate
WPTZ/WNNE – Burlington, VT/Plattsburgh, NY – NBC/ABC 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/KHOG – Fort Smith/Fayettville, AR – ABC/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

Radio
WBAL– Baltimore, MD – AM station
WIYY – Baltimore, MD – FM station

Recent Developments

One July 19, 2012, Hearst Television Inc. announced that they have reached a transmission deal with Time Warner Cable (TWC). Fourteen of Hearts’ stations were blacked out on TWC’s packages and the two companies were negotiating a fair fee to retransmit the signals. (7) Time Warner issues a statement about the agreement. “We have reached a long-term agreement with Hearst Television and our customers can expect their signals to be restored to our cable systems shortly. We thank our customers for their patience and their willingness to stick with us through another unnecessary broadcaster blackout.”

Hearst Television Inc.’s Election 2012 application for iPhones and Android phones included in-depth coverage of the National Presidential Election.

On August 30, 2012, Hearst Television Inc. launched an “Election 2012” application for iPhones and Android phones featuring up-to-date coverage on the 2012 National Presidential Election. The app consisted of a countdown to Election Day, voters registration information, an Electoral College map, live election night content and commentary as well as Facebook interaction. In coordination with Internet Broadcasting, local content from Hearst Television stations are distributed through the application. The app is also a part of Hearst Television’s Commitment 2012 project, a continuation of their election coverage based Commitment 2000 project, which won a Peabody Award in addition to USC Annenberg Walter Cronkite Awards. (8)

Current CEO and Chairman of Hearst Television Inc.

Current President of Hearst Television Inc.

December 6, 2012 marked a slight change in leadership at Hearst Television Inc. An announcement was made my Hearst Corporation that current President and CEO, David J. Barrett, will be the CEO and Chairman and current Executive Vice President, Jordan Wertlieb, will take on the role of Hearst Television Inc. President, both effective immediately. Barret was CEO and President since 2001. Prior to that, he had a six-year tenure as deputy general manager of Hearst Broadcasting and four years as executive vice president and CEO of Hearst-Argyle Television. (9)

Hearst Television aims to improve air transmission quality while complying with the Federal Communications Commission’s (FCC) Commercial Audio Loudness Mitigation (CALM) Act, effective on December 13, 2012. Joe Addila, the director of technology projects for Hearst Television Inc., has chosen to use the Linear Acoustic AERO.air transmission audio loudness manager and LQ-1000 loudness quality monitor to control the loudness at all Hearst stations. (10)

REFERENCES

http://www.hearst.com/files/hearsttimeline.pdf
http://www.hearsttelevision.com/our_company/about_Our_Company/index.html
http://www.rtnda.org/content/2012_national_winners
http://www.hearsttelevision.com/financial-information/index.html
http://www.leadershipdirectories.com/Images/sp_cor.pdf
http://seekingalpha.com/symbol/htv/
http://www.adweek.com/news/television/time-warner-cable-and-hearst-reach-deal-142032
http://www.prnewswire.com/news-releases/hearst-television-launches-free-election-2012-app-for-iphone-android-167982726.html
http://www.marketwire.com/press-release/hearst-television-ceo-david-j-barrett-adds-chairman-role-jordan-wertlieb-promoted-president-1734814.htm
https://my.insideview.com/iv/launchReferredArticle.do?aid=_7609060783&utm_source=IVdirectory&utm_medium=Agents_Article_Titles
Hearst Television Inc. Logo Photo: http://www.hearsttelevision.com/images/hdr_logo.gif
TV Households Photo: http://www.wikinvest.com/stock/Hearst-Argyle_Television_(HTV)
Hearst Television Holdings Logos Photo: http://www.hearsttelevision.com/our_company/about_Our_Company/index.html
Election 2012 Application Photo: http://talkingnewmedia.blogspot.com/2012/08/new-hearst-television-election.html
David J. Barrett Photo: http://www.hearst.com/about-hearst/corporate-david-j-barrett.php
Jordan Wertlieb Photo: http://www.hearsttelevision.com/jordan-wertlieb/

Sinclair Broadcast Group

Posted on September 18, 2012 by tmvansic

by [Taylor Van Sickle]

[1]

Sinclair Broadcast Group, Inc.

10706 Beaver Dam Road

Hunt Valley, Maryland 21030

(410) 568-1500

www.sbgi.net

[2]

David D. Smith, President and CEO of Sinclair Broadcast Group, Inc.
[7]

Executives

David D. Smith: President, Chief Executive Officer, Chairman of the Board and Director – David D. Smith has held his position as President and CEO since 1988. Prior to working for Sinclair he founded Comark Communications, Inc. He played a very important role in the creation and success of Sinclair Broadcast Group, Inc [2].

Frederick G. Smith: Vice President and Director

J. Duncan Smith: Vice President, Secretary and Director

David B. Amy: Vice President and Chief Financial Officer

David R. Bochenek: Vice President and Chief Accounting Officer

Barry M. Faber: Executive Vice President and General Counsel

[2]

History

Sinclair Broadcast Group started out as one station in Baltimore, Maryland. The original station was created in 1971 by Julian Sinclair Smith, but it wasn’t until 1986 that his four sons came up with the idea of the Sinclair Broadcast Group. After only 10 years Sinclair Broadcast Group became the largest commercial television broadcasting company not to be owned by a network in the country. Sinclair Broadcast Group faced some rough times during 2001, but was able to make it through and by 2006 had become the largest FOX and MyNetworkTV affiliate groups. They also became the second largest ABC affiliate and the third largest affiliate for the CW network in the United States. The success of Sinclair Broadcast Group in the past is not surprising when looking at their continued success in 2012 [4].

Company Overview


Sinclair Broadcast Group, Inc. Network Affiliates [3]

The Sinclair Broadcast Group, Inc. is headed by President and CEO, David Smith. David Smith has been President and CEO since 1988 and has contributed exponentially to the company. He has also served at Chairman of the Board since 1990. He has helped build Sinclair Broadcast Group since the start of the company. As one of the leading television broadcasting companies in the United States, Sinclair Broadcast Group manages 74 television stations within 45 markets. The broadcasting company includes FOX, ABC, CW, CBS, MTV, NBC, MyTV, and Azteca affiliates. Sinclair operates 20 FOX stations, 18 MyTV, 11 ABC, 14 CW, 9 CBS, 1 NBC, and 1 Azteca. With these networks Sinclair is able to reach about 26.3% of households in the country [3]. Sinclair Broadcast Group, Inc. continues to grow in size and range. They reach a large amount of households in the country and continue to increase the number of people that they reach.

Competitors

Media General, Inc.

Hearst Television Inc.

Local TV, LCC

[6]

Recent News

August 13th, 2012 Sinclair Broadcast Group’s retransmission consent agreement with Dish Network was about to end and the two companies were in talks to either create a new one or Dish would stop carrying some of Sinclair’s stations. To be exact if the companies did not create a new retransmission consent agreement Dish would stop broadcasting 70 of Sinclair’s stations. Later Sinclair Broadcast Group announced its agreement with Dish Network to create a new retransmission consent agreement [5].

September 19th, 2012 Michael Simon was named Director of Advanced Technology for Sinclair Broadcast Group. Previous positions include Manager of Advanced Technology for Rohde & Schwarz, Lead Application Engineer for Harris Corporation, and Chief Engineer for Sinclair’s Pittsburgh market. In this position Mr. Simon will be in charge of developing new technologies to further advance the broadcasting company’s business. Sinclair’s Vice President of Advanced Technology, Mark Aitken said that, “Sinclair is probing the fundamental technologies that will enable us to leverage future business-enabling technologies,” which Mr. Simon will contribute to greatly [5.1].

October 12th, 2012 Sinclair Broadcast Group decided to close their previous contribution of $500 million of senior unsecured notes. By closing this offer, Sinclair Broadcast Group used the profits to then buy multiple stations from Newport Television LLC. Also, they intended to use the profits from this to pay off outstanding debt and for other company purposes [5.2].

November 13th, 2012 Sinclair Broadcast Group announced an exciting partnership with DataSphere Technologies. DataSphere Technologies is a marketing company that focuses mainly on local businesses to help them gain exposure. The two companies made an agreement that Sinclair will promote event calendars, and small business marketing solutions over 21 of their markets in the country. This partnership is important for both DataSphere and Sinclair. It offers DataSphere an opportunity to promote their services and get more business. The deal offers Sinclair a way to connect with local businesses in their markets and get advertising for their stations and website [9].

December 1, 2012 Sinclair Broadcast Group has obtained several more stations, while also getting rid of some of its previously existing stations. Through their deal Sinclair gained 6 new stations from Newport Television LLC. Along with the stations Sinclair also purchased Newport’s rights under the local marketing agreements with two stations. Sinclair also obtained Newport’s non-license assets for their station in Rochester for $54 million. While gaining stations, Sinclair also sold some of its preexisting stations. Sinclair made a deal with Deerfield Media, Inc. selling them their station in San Antonio and Cincinnati. Sinclair also sold them license assets to two of their stations. With these stations gains Sinclair added stations to four markets that they presently existed in and added two new markets to their business. The total deal cost them $459.7 million [8].

Finances

In Sinclair Broadcast Group, Inc.’s quarterly numbers, they are doing significantly well this year. Their total revenue over a three-month period this year was $260,489 as opposed to last year’s total revenue of $181,042. Also their total revenue over a nine-month period increased between this year and last year as well from, $552,511 to $736,817 [10].

In November the Board of Directors at Sinclair Broadcast Group, Inc. stated that the company’s Class A and Class B stock will have a $1.00 dividend per share and a quarterly dividend of $0.15 per share [5.3]. Also the company announced that for the third quarter of this year the earned $0.32 per share. This earning did not, however, match the estimated amount of $0.35 per share [10].

Sinclair Broadcast Group, Inc. Stock Information [11]

Sinclair Broadcast Group, Inc. Income Chart [12]

Future

Sinclair Broadcast Group Stock [12]

With their newly obtained stations Sinclair Broadcast Group, Inc. plans to keep expanding their hold on television broadcasting. The company is well versed in the television broadcasting business and they understand what they need to do to stay successful. Their revenue numbers show increased success throughout the fourth quarter. The company’s stock from the last month has decreased but over the course of this year it has stayed steadily in the same region. Sinclair Broadcast Group, Inc. has been a strong company since its humble beginning as one station in Maryland. There is no doubt that Sinclair Broadcast Group will continue to be a major player in the television broadcasting spectrum.

Sources

1. Google: http://images4.wikia.nocookie.net/__cb20110515151804/logopedia/images/6/67/Sbg.gif

2. Sinclair Broadcast Group Website: http://www.sbgi.net/corp_governance/officers.shtml

3. Sinclair Broadcast Group Website (Company Profile): http://www.sbgi.net/about/profile.shtml

4. Sinclair Broadcast Group Website (History): http://www.sbgi.net/about/history.shtml

5. Sinclair Broadcast Group Website (News Releases): http://www.sbgi.net/site_mgr/temp/Dish%20Aug%202012%2D2%5Fdsrp65vp%2Eshtml

5.1 Sinclair Broadcast Group Website (News Releases): http://www.sbgi.net/site_mgr/temp/Simon%5Fwfbylrjx%2Eshtml

5.2 Sinclair Broadcast Group Website (News Releases): http://www.sbgi.net/site_mgr/temp/2012%20Notes%20Offering%20closing%5F46lhc5gp%2Eshtml

5.3 Sinclair Broadcast Group Website (News Releases): http://www.sbgi.net/site_mgr/temp/CS%2012142012%5Fqvd16wqb%2Eshtml

6. Hoovers: http://www.hoovers.com/company-information/cs/company-profile.Sinclair_Broadcast_Group_Inc.16dff58899664af8.html

7. http://www.bizjournals.com/baltimore/news/2012/04/17/sinclair-broadcast-ceo-smith-gets-16.html

8. Bloomberg: http://www.bloomberg.com/article/2012-12-03/a5oA5IyRyJak.html