Viacom

Posted on October 16, 2016 by eamccann

Beth McCann, Divya Yeleswarapu, Hugh Sims

http://hoitalent.com/positions/content-operator/

Viacom Logo [1]

VIACOM, INC.

1515 Broadway, New York, NY 10036

(212) 258-6000

viacom.com

ABOUT

Viacom Networks [3]

American media conglomerate Viacom, Inc. is a media company home to television, cinema, online and mobile networks and brands in over 160 countries and territories, reaching approximately 700 million subscribers around the globe.

Their leading brands include MTV, VH1, CMT, BET, Nickelodeon and its various channels, Comedy Central, Spike, and Paramount Channel. Viacom owns Paramount Pictures as well, which is a major producer and distributor for movies [2].

HISTORY

Viacom and CBS Logos [21]

Viacom got its start in 1971. Viacom acquired its various networks over the course of 30 years, purchasing various channels including MTV, Nickelodeon, and BET. In the 1990s they entered a merger with CBS [4]. However, the two separated into two companies in 2005, now known as CBS Corporation and today’s Viacom Inc. The split was made to separate radio and television from the rest of the company [21]. Today, Viacom continues to create new shows for their various networks and launch new ideas.

CURRENT AND FUTURE MEDIA

Recently, Viacom has been concerned with attracting younger viewers from children’s ages to young adults aged 18-25. They are trying to stay relevant in the developing world of streaming content but still trying to pull in viewers for live shows.

Rocko’s Modern Life Poster [5]

On Nickelodeon, Viacom is attempting to draw in new and old audiences alike with programming reminiscent of shows on in the 1990s. Viacom announced in August they would have an hour long special of the classic 90s Nickelodeon cartoon Rocko’s Modern Life [5].

In October they announced there would be a special of Double Dare, a game show from the 1980s and 1990s [6]. They later said they would be releasing Legends of the Hidden Temple: The Movie to come out based off of the popular 1990s Nickelodeon show [7]. They are attempting to appeal to a younger generation who has never seen this content as well as nostalgic young adults.

Legends of the Hidden Temple: The Movie-Official Trailer [8]

DirectTV Now Logo [15]

Viacom is also launching some of its networks on DirecTV Now, AT&T’s streaming service. They want to deliver more content to fans in more places and allow them to stream content at their own convenience [9].

However, Viacom is also developing tactics to aid in the live viewing experience for consumers. Viacom Labs created what they called a “breakthrough television format” that they hope to launch in 2017 on MTV Music. They have created a TV format that pulls livestreams of fans in a real time feed during the scheduled television show [10]. It creates an interactive and unique experience for fans and will help to motivate people to watch shows in real time rather than stream them days later.

MANAGEMENT

Philippe Dauman-Former CEO and President [11]

Within the last few months, Viacom has gone through some major changes in management. As of August 20^th, Chief Executive Philippe Dauman resigned which ended the legal fight between members of the Viacom board and Redstone’s National Amusements Inc. This is a privately held company that holds 80% of the voting shares of Viacom and CBS Corp. Under the agreement, Dauman received about $72 million and was replaced by previous COO Thomas Dooley who served as interim CEO until the end of Viacom’s fiscal year [16].

Robert Bakish-New CEO of Viacom [12]

Recently, Viacom declared that Robert Bakish will be acting chief executive replacing Tom Dooley. Bakish, a 19-year company veteran who headed the company’s international media networks, has also been named President and CEO of a newly created group called Viacom Global Entertainment Group [17]. The group will run Viacom’s most popular networks including MTV, Comedy Central, VH1, Spike and others [18].

FUTURE OF THE COMPANY

whats-next-for-the-tv-industry-find-out-from-cbs-ceo-les-moonves-at-ignition-2015

Leslie Moonves- CEO of CBS [13]

In terms of Viacom’s future, there is a lot leaning on this merger with CBS. According to The Hollywood Reporter the Viacom special committee who is working exclusively on the merger hopes to wrap everything up by the year’s end [19]. It is planned that CBS Corp. President and CEO Leslie Moonves would eventually oversee the combined entity. However, the company is determined to move forward whether as a stand-alone company or in a potential combination with CBS. Newest interim CEO Bob Bakish has a lot of goals and wants to push the company forward in terms of speed, sharing, and a global outlook. He is planning to invest in new content and to deliver significant audiences on genres other than high-dollar programming. Bakish said, “We’re not going to stand still while the CBS merger is being evaluated. I believe there’s a lot of work we can do in the near-term to make us stronger, no matter what the next chapter of Viacom is. It’s time to move forward [20].”

FINANCES

The first day of trading since the split between Viacom and CBS Corporation showed a 2.8 percent increase in the shares of CBS Corp. to $26.20, and a 1.1 percent increase in the shares of Viacom, to $41.59 [21]. In the current year 2016, they averaged out their most recent 50-day span at $41.47 per share. As of November 2016, Viacom has a 6.1% market share and is among the top 5 competitors in the cable and entertainment industry [24]. Due to the ongoing internal management battle, Viacom’s stock performance has gone down with -8.06% in the last 90 days, compared to the industry average of -0.22%. However, in comparison to CBS Corporation, Walt Disney Company, and Comcast Corporation, Viacom’s recent one day and five day stock performance, 3.58% and 1.4% respectively, has exceeded them all [22].

Viacom 52 Week Share Price [14]

This major media company has had declining performance over the last 11 years, however, it has never made negative profits and instead managed to stay afloat, but the drop in total revenue has been alarming. Over the last year their 52 Week High was $47.17 and their 52 Week Low was $38.61 [23].

Their total revenue has capped off at 13.05 B which is not where they want to be, considering that their profit margin is 15.85% and the typical average for a media company is usually around 23% [22]. In 2012, revenue increased about 16.7% because NBC Universal merged with Comcast Corporation, which provided Viacom with unforeseen and extra production materials, allowing mega growth through 2013 and the year-end stock price to cap off at $87.34 [23].

The revenue has seen a sharp decrease over the last five years by dropping 3.74% and ending the year 2015 with a drop of 44.36% to a monetary outcome of $6.18B as their gross income. It was the lowest value over the defined period. That left them with a free financing cash flow of $2.17B, which was a 12.75% decrease from the previous year 2014. However, the little glimmer of hope that Viacom took from its bleak financials into the current year 2016 is that the net operating cash flow has only been seeing growth over the last five years, and capped at a 17.43% increase coming in [22][24]. Therefore, this media conglomerate has cash to grow and operate its company through the many bumps in the reel.

OVERVIEW

Despite turmoil within the company and stress from the possible CBS, Viacom continues to move forward by creating new content for their networks and trying to reach as large an audience as possible.

SOURCES

[1] Viacom-HoiTalent. Retrieved November 25, 2016. http://hoitalent.com/company/viacom/

[2] About Viacom. Retrieved November 14, 2016. http://www.viacom.com/about/pages/default.aspx

[3] Dampier, Phillip. April 1, 2014. Stop the Cap! Viacom Demands 100% Rate Increases for Hundreds of Small Cable Systems, Military Bases. Retrieved November 14, 2016. http://stopthecap.com/2014/04/01/viacom-demands-100-rate-increases-for-hundreds-of-small-cable-systems-military-bases/

[4] Viacom Timeline. Retrieved November 14, 2016. http://www.viacom.com/about/pages/history.aspx

[5] Acquire Media. August 11, 2016. Nickelodeon Brings Back Rocko’s Modern Life for Brand-New, Original One-Hour TV Special Based on the Classic ‘90s Hit Animated Series. Retrieved November 14, 2016. http://ir.viacom.com/releasedetail.cfm?ReleaseID=984177

[6] Acquire Media. October 6, 2016. Nickelodeon Announces Brand-New Double Dare Special Commemorating Iconic Game Show’s 30th Anniversary Year, Wednesday, Nov. 23, at 9 p.m. (ET/PT). Retrieved November 14, 2016. http://ir.viacom.com/releasedetail.cfm?ReleaseID=992484

[7] Acquire Media. October 6, 2016. Nickelodeon’s Original TV Movie Event, Legends of the Hidden Temple, Bows Saturday, Nov. 26, at 8 P.M. (ET/PT). Retrieved November 14, 2016. http://ir.viacom.com/releasedetail.cfm?ReleaseID=992490

[8] July 23, 2016. Legends of the Hidden Temple: The Movie l First Official Trailer I Nick – YouTube. Retrieved November 25, 2016. https://www.youtube.com/watch?v=U7eHPW7n7Ko

[9] Acquire Media. October 4, 2016. Viacom Networks to Launch on DIRECTV NOW. Retrieved November 14, 2016. http://ir.viacom.com/releasedetail.cfm?ReleaseID=992023

[10] Acquire Media. October 24, 2016. First Ever Livestream-to-TV Format Pioneered by Viacom Labs, Greenlit for On-Air Series. Retrieved November 14, 2016. http://ir.viacom.com/releasedetail.cfm?ReleaseID=995056

[11] January 15, 2015. Viacom Extends Employment Agreement with President and Chief Executive Officer Philippe Dauman Through 2018. Retrieved November 26, 2016. http://www.businesswire.com/news/home/20150115006254/en/Viacom-Extends-Employment-Agreement-President-Chief-Executive

[12] Senior Management. Retrieved November 26, 2016. http://www.viacom.com/about/pages/seniormanagement.aspx

[13] Salem, Yasir. November 19, 2015. What’s next for the TV industry? Find out from CBS CEO Les Moonves at IGNITION 2015. Retrieved November 24, 2016. http://www.businessinsider.com/cbs-ceo-les-moonves-to-speak-at-ignition-2015-7

[14] Viacom, Inc. Retrieved November 26, 2016. https://www.google.com/finance?cid=703770

[15] DirectTV Now Logo. Retrieved November 16, 2016. http://www.multichannel.com/sites/default/files/public/styles/blog_content/public/DirecTV%20Now%20400×300.jpg?itok=Mb9HjA3j

[16] Reuters. August 20, 2016. Viacom Says CEO Dauman to Resign Post Immediately; Dooley Steps In. Retrieved November 12, 2016. http://fortune.com/2016/08/20/viacom-ceo-to-resign-immediately/

[17] Reuters. October 31, 2016. Viacom names Bob Bakish acting CEO. Retrieved November 14, 2016. http://fortune.com/2016/10/31/viacom-has-a-new-acting-ceo/

[18] Yu, Roger. November 1, 2016. Viacom names Bakish as acting CEO. Retrieved November 14, 2016. http://www.usatoday.com/story/money/2016/10/31/viacom-names-bakish-acting-ceo/93083054/

[19] Masters, Kim. November 10, 2016. CBS-Viacom Merger Intrigue as Les Moonves Pushes for Clear Control. Retrieved November 14, 2016. http://www.hollywoodreporter.com/news/cbs-viacom-merger-intrigue-as-les-moonves-pushes-clear-control-945477

[20] Lieberman, David. November 9, 2016. Viacom’s Bob Bakish Vows To Accelerate Growth As It Weighs CBS Merger. Retrieved November 16, 2016. http://deadline.com/2016/11/viacom-bob-bakish-accelerate-growth-plans-consider-cbs-merger-1201851548/

[21] Alfano, Sean. January 3, 2006. CBS, Viacom Formally Split. Retrieved November 16, 2016. http://www.cbsnews.com/news/cbs-viacom-formally-split/

[22] List of VIA’s Competitors and Stock Performance. Retrieved November 16, 2016. http://csimarket.com/stocks/competitionNO2.php?code=VIA

[23] Viacom Inc. – Stock Performance. Retrieved November 16, 2016. http://ir.viacom.com/stockquote.cfm

[24] IBISWorld US – Industry, Company and Business Research Reports and Information. Retrieved November 16, 2016. http://clients1.ibisworld.com/reports/us/industry/majorcompanies.aspx?entid=1245

Viacom

Posted on April 18, 2014 by Samantha Mackoff

By Sam Mackoff

[1] Viacom Logo

ABOUT VIACOM

Viacom, short for Video and Audio Communications, is a mass media company that produces content globally across television, movies, online and mobile platforms. Viacom’s media networks reach about 700 million global subscribers, making it one of the world’s largest media conglomerate [2]. Viacom operates about 170 leading entertainment brands including MTV Networks, VH1, BET Networks, Comedy Central, CMT, SPIKE, Nickelodeon Networks, Paramount Pictures and more [3].

Television Networks

[4] Viacom’s Media Brands

Viacom has a large variety of networks that represent a diverse collection of programming. From Nickelodeon, the leading brand in children’s entertainment, to Comedy Central, the number one brand in comedic television, Viacom continues to produce original content that is relevant to all different audience members [4]. Some of Viacom’s leading shows are Nickelodeon’s SpongeBob SquarePants, MTV’s Teen Wolf and Awkward, Comedy Central’s South Park and many more [5].

Film

[6] Paramount Pictures Logo

Paramount Pictures Corporation is a production and distribution studio for film. It is a subsidiary of Viacom. Paramount distributes content from DreamWorks Animation, Paramount Pictures, Paramount Vantage, Paramount Classics, Marvel Studios, MTV Films and Nickelodeon Movies [4]. Paramount is ranked as the fourth highest grossing film distributor [7]. Some of Paramount’s notable films are, “Transformers”, “Indiana Jones”, “Star Trek”, “Titanic”, and “Forrest Gump” [8].

FINANCIALS

Viacom is a publicly held. This year, Viacom did well financially with its media networks revenue, but did not do well financially in film entertainment. The media networks revenue had a $462 million increase to $9.7 billion by the end of 2013 [9]. The film entertainment revenues had a $538 million decrease from the previous year to $4.3 billion by the end of 2013 [9]. Viacom’s net earnings still increased 2% from 2012 to 2013, from $2.3 billion in 2012 to $2.4 billion in 2013 [9].

KEY EXECUTIVES

[10] Philippe Dauman,
President and Chief Executive Officer

[11] Thomas E. Dooley,
Chief Operating Officer

RECENT NEWS
Viacom and Google Call a Truce

[12] Google Vs. Viacom

After seven years of battling in court, Viacom and Google have settled the copyright infringement lawsuit, in which neither company exchanged money to the other. Viacom filed a $1 billion lawsuit in 2007 against YouTube, which is owned by Google, stating that there were billions of dollars in damages for copyright infringement by uploading unauthorized clips from Viacom programming. After years of arguing, Viacom and YouTube released a settlement statement saying, “This settlement reflects the growing collaborative dialogue between our two companies on important opportunities, and we look forward to working more closely together” [13].

Viacom Teams Up with Tumblr

[14] Tumblr and Viacom Partnership

Viacom announced an exclusive partnership with the popular blogging website, Tumblr. The two companies together will offer co-branded campaigns and content for shows and events for Viacom’s networks through the 2014 Upfront Season. This partnership marks Viacom as the first television programmer to develop a marketing partnership with Tumblr. Viacom’s partnership with Tumblr creates a unique opportunity for Viacom to use this creative platform with its advertisers in order to reach a large audience because of its major social activity. On the consumer end, it allows users to view content in a fun and interactive way [15].

RELEASES

[16] “The Wolf of Wall Street”, directed by Martin Scorsese

The Wolf of Wall Street

The dark comedy, “The Wolf of Wall Street”, directed by Martin Scorsese and starring Leonardo DiCaprio, is based on the true story of Jordan Belfort’s life. The film takes you through the New York stockbroker’s journey from rags to riches, starting in penny stocks to running an extremely successful firm. This film has had major success worldwide. The high admiration has earned the film a Golden Globe and five Academy Award nominations [17]. Surpassing all Christmas sales in theaters on its holiday release date [18], the film made $10 million on its opening day and over $18 million on its opening weekend [19]. This film has accumulated grosses of $116.9 million domestically and $272.7 million in the foreign market [19].

[20] “Noah”, directed by Darren Aronofsky

Noah

The recent release of the biblical inspired film, “Noah”, directed by Darren Aronofsky and starring Russell Crowe, is inspired by the biblical story of Noah’s Ark. Noah is chosen by God to take on a mission to rescue the innocent before an apocalyptic flood hits the world. This film ranked #1 at the box office on its opening weekend on March 28^th [21]. “Noah” brought in a diverse audience including men and women of all ages that were Christian, Catholic Latino and African American [22]. “Noah” has faced a sizable decline with a 68% drop since its release [23]. Predictions say that this number will increase during the weekend of Easter because of the faith based audience [24]. “Noah” has made $93.3 million domestically and $197.4 million in the foreign market [21].

UPCOMING RELEASES

Nickelodeon Introduces a New Awards Show

8-Kids-Choice-Sports-Awards-2014-350x348

[25] Michael Strahan, Future Host of Kids Choice Sports

Nickelodeon announced a new award show called Kids Choice Sports, hosted by former football player, Michael Strahan, set to debut this summer. Kids Choice Sports give viewers the opportunity to have a voice in the show by voting for their favorite teams, players and sports moments as well as selecting the stars to get slimed. In additions to the awards, the event will also have a musical performance, competitions against athletes and slimed filled sports stunts [26]. Kids Choice Sports has the potential to bring in a whole new audience of parents and children who are interested in sports, as well as other viewers who want to be a part of the additional events of the awards show.

Candid Camera Returns After 66 Years

: [27] Allen Funt, the Original Host of Candid Camera

TV Land announced that it is bringing back a new version of the 1940’s show, Candid Camera. Candid Camera is a show that captures the reactions of people in unusual situations using hidden cameras. Peter Funt, the son of the host and creator of the original show, will be co-producing Candid Camera. There are 10 new episodes that are set to air this summer [28].

Transformers To Release Fourth Film

The fourth Transformers film called, “Transformers: Age of Extinction”, is hitting the theater this summer. This film was directed by Michael Bay and has notable actors staring in it such as Mark Wahlberg, Nicola Peltz, and Jack Reynor [29]. This popular franchise has earned $2.6 billion in the global box office. The bar for this film was set very high after the last film, “Transformers: Dark of the Moon”, earning $1.1 billion globally. This film is set to release June 27^th [30].

Trailer [31]

Teenage Mutant Ninja Turtles Recreated in a Live Action Film

“Teenage Mutant Ninja Turtles” is returning to the screen in a live action film this summer. Producer Michael Bay and director Jonathan Liesmasman, are working together to recreate the story that was originally based off of a comic series [32]. Rob Moore, vice chairman of Paramount said, “Michael Bay is committed to making sure young audiences have a reason to flock back to your theaters” [33]. This action comedy film is about four trained ninja turtles that work together to fight off evil. This summer blockbuster, starring Megan Fox, Noel Fisher, Will Arnet, Jeremy Howard and Alan Ritchso, is set to release August 8^th [32].

Trailer [34]

Sources

[1] Viacom’s Logo, Adweek.com, RT: 4/18/2014

[2] About Viacom, Viacom.com, RT: 4/18/2014

[3] “Viacom: Veteran Leading the Way”, Investing Daily, 12/31/2013, RT: 4/17/2014

[4] Viacom Brands, Viacom.com, RT: 4/18/2014

[5] Most Popular TV Shows, TV.com, RT: 4/18/2014

[6] Paramount Pictures Logo, Nickelodeon.Wikia.com, RT: 4/18/14

[7] Leading Distributors- 1995-2014, The-Numbers.com, RT: 4/18/2014

[8] Paramount All Time Box Office Results, BoxOfficeMojo.com, RT: 4/18/2014

[9] Viacom Inc.- Annual Report, Viacom.com, RT: 4/19/2014

[10] Philippe Dauman, Trialx.com, RT: 4/19/2014

[11] Thomas E. Dooley, CNN.com, RT: 4/19/2014

[13] “Google and Viacom Settle Copyright-Infringement Lawsuit over YouTube”, Variety, 3/18/2014, RT: 4/19/2014

[14] Viacom and Tumblr, YourNewSticker.com, RT: 4/19/2014

[15] “Yahoo’s Tumblr First TV Ad Deal Is with Viacom”, Variety, 3/20/2014, RT: 4/19/2014

[16] Wolf of Wall Street Poster, UBCFilmSociety.com, RT: 4/19/2014

[17] Wolf of Wall Street Awards, IMDB.com, RT: 4/19/2014

[18] “‘Wolf of Wall Street’ Poised for No. 1 at Christmas Box Office with $10 Million”, Variety, 12/25/13, RT: 4/19/14

[19] Box Office Results, BoxOfficeMojo.com, RT: 4/19/2014

[20] Noah Poster, MovieFanatic.com, RT: 4/19/2014

[21] Box Office Results, BoxOfficeMojo.com, RT: 4/19/14

[22] “‘Noah’ sails to estimated $44-Million Opening at Box Office”, Los Angeles Times, 3/30/2014, RT: 4/19/14

[23] “North America: ‘Captain America: The Winter Soldier’ Sets New April Record with $96.2M”, BoxOffice.com, 4/6/14, RT: 4/19/14

[24] “‘Heaven is for Real’ Posts Strong Opening Day Returns”, BoxOffice.com, 4/17/14, RT: 4/19/2014

[25] Kids Choice Sports Picture, TVByTheNumbers.zap2it.com, RT: 4/20/14

[26] “Nick Launching Sports Award Show”, BigStory.ap.org, 3/13/214, RT: 4/20/14

[27] Allen Funt, rtvfmediastudies.tcu.edu, RT: 4/20/14

[28] “Candid Camera: TV Land Reviving Classic Series for Summer”, TVSeriesFinale.com, 4/9/14, RT: 4/20/14

[29] Transformers Cast and Crew, IMDB.com, RT: 4/20/14

[30] “‘Transformers: Age of Extinction’ to Kick Start New Trilogy”, Variety, 4/11/14, RT: 4/20/14

[31] Transformers: Age of Extinction Trailer, Youtube, 3/5/2014, RT: 4/20/2014

[32] Teenage Mutant Ninja Turtles Cast and Crew, IMDB.com, RT: 4/20/14

[33] “Paramount Kicks Off CinemaCon With ‘Ninja Turtles,’ ‘Transformers’ Footage”, Variety, 3/24/14, RT: 4/20/14

[34] Teenage Mutant Ninja Turtle Trailer, Youtube, 3/27/2014, RT: 4/20/2014

Scripps Networks Interactive

Posted on December 5, 2012 by dcdisalv

By Deana DiSalvio

Logo, SNI

9721 Sherrill Boulevard
Knoxville, TN 37932 865.694.2700
www.scrippsnetworksinteractive.com

Scripps Network Interactive (SNI), a leader in cable television network, advancing digital media platforms, publishing, and a developer in lifestyle programming across multiple communication mediums. Specializing in lifestyle content through cable networks, such as The Cooking Channel, The Travel Channel, and HGTV. The company also has minority interest in regional sports network, FOX Sports Net South, and internationally, with a significant stake in the United Kingdom television broadcaster, UKTV. The company has made significant strides in branding their own products, such as Food Network Kitchenware, and by teaming up with well-known brands, such as, HGTV Home by Sherwin-Williams.

Logo, Diversity Lives Here

Priding itself on diversity, SNI aims to drive the behaviors and success in the workforce and marketplace. Combined with the consumer-centric philosophy, focusing on delivering content, products, and services whenever and wherever a consumer wants it, that very focus established and continues to sustain the company as a leader in lifestyle. [1]

History

SNI began as a Cleveland, Ohio The Penny Press, started in 1878 by Edward W. Scripps. The newspaper had increased post-war publishing success, and the Scripps Company moved toward the business of locally operated television. Prompted by the desire to not depend on advertising revenue [2], the company established itself in cable; buying and building television systems. By the 80s, the company’s reputation was one of America’s largest cable operators.

Innovations in technology began to excel in the 1990s, and the Scripps Company began to immerse themselves even more within cable television. Scripps began building the company further by purchasing Cinetel Productions, a Knoxville, Tennessee based cable programmer, and shortly after announced the launch of the Home and Garden Television. Taking the first steps with HGTV, the company began to carve out a defined reputation formed around lifestyle programming.

The company’s shift from newspaper to broadcast television, cable programming to the Internet, was complete. The creation of long-term value for their shareholders, moved the company into the future of the technological age. A separation that divided the company’s television lifestyle brands, and global Internet services occurred in 2008, which created two publicly-traded companies. [2]

SNI, Brands

Now a leading media enterprise, that still publishes magazines, SNI has a significant presence in television broadcasting, as well as a strong hold over the advantageous ways of the Internet in interactivity, marketing, and accessibility.

Key People

The current President of Scripps Network Interactive is John F. Lansing. The current Chief Executive Officer (CEO) of the Scripps Network Interactive is Kenneth W. Lowe, and who is credited for building the company into the success brand it is today. The Chief Financial Officer (CFO) is Joseph G. Necastro.

Products

Ad., HGTV

Ad., Do It Yourself

Ad., Great American Country

The major brands of SNI include variety and insights to approaches in lifestyle. The Networks first major brand is Home and Garden Television (HGTV), which is a leader in home and lifestyle television programming. Some television shows include House Hunters or Kitchen Cousins, which include remodeling, refurbishing, and decorating households by expert designers. HGTV products are sold, from home decor for bathrooms and bedrooms, to advice from professional interior designers and landscapers.

Along similar lines of home decoration and improvement, the brand Do It Yourself (DIY), which provides ‘How To’ descriptions and videos for household renovations online.

http://www.youtube.com/watch?v=OlrE0A_NBiw&feature=share&list=UUgezeU5ToWz2Eg5JjuIctng

Ad., Food Network

Food Network, includes Chef’s advice, recipes, entertaining tips on decorations as a host, and restaurant recommendations online and in their subscriber magazine, Food Network Magazine. Popular television shows include The Next Iron Chef, a competitive culinary showdown that selects the next best chef to take the honorable position and title of Iron Chef. Renowned chefs and recognizable personalities are also associated with the network, such as Giada De Laurentiis, with her own show, Giada at Home. Other popularized personalities include the likes of; Mario Batali, Rachel Ray, and Paula Deen.

Host, Giada De Laurentiis

Ad., Cooking Channel

The Cooking Channel, which has online recipes and cooking videos, as well as television programming, focusing on the culinary aspect of creating and eating healthy, enjoyable food. Some familiar hosts are Bobby Flay, who has a T.V. show, Brunch @ Bobby’s, as well as Emeril Lagasse, who has a show, Fresh Food Fast. CityEats is also a brand, in partnership with the Food Network, in which brings light to the public, the world of restaurants with quality food, experience, and the experimentation of chefs, nationwide. The brand aims to provide the consumer with a genuine and overall enjoyable experience of dining out, while diversifying palate and cultural exposure through gastronomy. [4]

The Great American Country is a brand of the Scripps, which broadcasts country music entertainment, such as live concerts and country artist music videos. Television programming consists of shows like, Great American Heroes, hosted by country singer and philanthropist Trace Adkins, as well as the show Living Countryfied, which highlights food, festivals, and traditions across the nation.

Ad., Travel Channel

The Travel Channel is another brand that explores the world at large; from hotel booking and destination advice, to VIP Sweepstakes Vacation Prizes, the brand ultimately brings different cultures and places to the consumer. Television shows include writer and chef Anthony Bourdain’s, No Reservations, as well as the competitive show, Man vs. Food with Adam Richman. Whether an individual needs to take a business trip in a city they’ve never been, or one would like historical tour of a European city, the network provides rankings and reviews for the latter. The network has introduced The Layover App, for iPhones, iPads, and iPod Touch, which provides consumers with the ability to plan their trip on-the-go, equipped with maps and timelines anywhere: the ultimate travel guide. The app coincides with The Layover, which premiered this fall.

Major Competitors

Some of the company’s top competitors are NBCUniversal Media, LLC, Discovery Communications, Inc., and MTV Networks Company.

Finances

This year, 2012, the company reported to the Wall Street Journal above the expected net income for the second quarter (August). The company’s net income rose from $142.4 million, compared to last year’s second quarter, which was reported at $77.4 million. [5]

Wall Street Journal, Interactive Chart

The company continued to maintain strong profits in the third quarter (November). Scripps reported that net income rose about 20.1% to $118.4 million, compare to last year’s third quarter, reported at $98.6 million. [6]

Recent News

In the beginning of 2012, the company acquired the company RealGravity Inc., which specializes in online video publishing technologies. Scripps hopes to benefit from the innovative platforms that RealGravity develops, creating an stronger interactive digital team. [7]

Also this year, the company reached a long-time agreement with Comcast Xfinity, to bring more of Scripps television programming to different media platforms. “This agreement benefits our viewers and Comcast customers, making available on multiple platforms – both in home and out of home – our lifestyle programming that viewers are so passionate about,” said Henry Ahn, executive vice president of distribution strategy at SNI. [8]

More recent, the The Edward W. Scripps Trust ended, which controlled SNI since 2008, when the company became independent publicly traded. The grandson of the founder of the company, Robert P. Scripps, passed away, and was the last of the descendants upon which the trust was based. Meetings to distribute the assets have been underway, however will not occur immediately due to customary legal proceedings. [9]

Most recent, A.B. Cruz III, Chief Legal Officer and Corporate Secretary at SNI, announced his resignation. He is stepping down because he wishes to fulfill his military responsibilities as a Rear Admiral in the U.S. Navy Reserve. Cruz held his position at SNI for 8 years, and his successor, Cynthia L. Gibson, member of the Senior Management Team at SNI, was appointed shortly after his announcement. [10]

Community Involvement

The company is extremely involved in the community. One effort is through the national partnership between the company and Share Our Strength. The organization aims to end childhood hunger in America by ensuring healthy food every day. [11] In 2011, Scripps provided 3.5 million meals to children at the risk of hunger, as well as invested $20 million dollars in educational and entertaining promotional value for healthy eating.

Logo, Rebuilding Together

Rebuilding Together. Scripps also pledged $15 million dollars in 2011 to support the program Rebuilding Together, in which provides extensive home rehabilitation and modification services to homeowners in need. [3] The partnership aided in the completion of 10,000 construction projects. Some other partnerships that the company has solidified are; American Cancer Society, Big Brothers Big Sisters, and Environmental Media Institution.

Due to the devastation of Hurricane Sandy 2012, the company donated to the Disaster Relief Effort $250,000, through the American Red Cross, to provide shelter, food, emotional support and other assistance to those affected by Hurricane Sandy. Along with this corporate donation, Scripps Networks Interactive is matching dollar-for-dollar employee donations to the American Red Cross through its corporate social responsibility program, Change the World. [12]

Reference

1. http://www.scrippsnetworksinteractive.com/our-company/diversity/

2. http://www.scrippsnetworksinteractive.com/our-company/history/

3.http://www.scrippsnetworksinteractive.com/outreach/home/

4. http://www.scrippsnetworksinteractive.com/our-brands/cityeats/

5. http://wallstcheatsheet.com/stocks/scripps-networks-interactive-earnings-beats-the-street-on-profit-rise.html/

6. http://www.broadcastingcable.com/article/490191-Scripps_Networks_Profits_Jump_20_1_in_Third_Quarter.php

7.http://ir.scrippsnetworksinteractive.com/phoenix.zhtml?c=222475&p=irol-newsArticle&ID=1654876&highlight=

8.http://ir.scrippsnetworksinteractive.com/phoenix.zhtml?c=222475&p=irol-newsArticle&ID=1715058&highlight=

9.http://ir.scrippsnetworksinteractive.com/phoenix.zhtml?c=222475&p=irol-newsArticle&ID=1747643&highlight=

10.http://ir.scrippsnetworksinteractive.com/phoenix.zhtml?c=222475&p=irol-newsArticle&ID=1763326&highlight=

11.http://www.scrippsnetworksinteractive.com/outreach/food/

12.http://www.scrippsnetworksinteractive.com/newsroom/company-news/Scripps-Networks-Interactive-Donates-to-Sandy-Disaster-Relief-Efforts/

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

9. Bloomberg: http://www.bloomberg.com/article/2012-11-13/a9hfDdS2uETk.html

10. New York Times: http://topics.nytimes.com/topics/news/business/companies/sinclair-broadcast-group-inc/index.html

11. New York Times: http://markets.on.nytimes.com/research/stocks/tools/analysis_tools.asp?symbol=SBGI

12. Bloomberg: http://www.bloomberg.com/quote/SBGI:US

Viacom

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Posted on April 3, 2012 by Alison Bauer

This gallery contains 9 photos.

Viacom Media Networks © 2008-2011 Viacom Inc. All Rights Reserved. Profile Viacom is the world’s fourth-largest media conglomerate and owns the prestigious Paramount Pictures, MTV, and BET Networks. Executives Philippe Dauman: President and Chief Executive Officer Thomas E. Dooley: Chief Operating Officer … Continue reading →

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