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Posts Tagged ‘Deborah McDermott’

Media General and LIN Merger Approved by Shareholders

LIN Media G_304The shareholders of Media General and LIN Media have approved the merger between the two companies.

The two station groups announced the news and reaffirmed the newly merged company will be called Media General to be headed by Vincent Sadusky, LIN’s current president and CEO, upon closing of the deal.

The station groups also announced the leadership structure under Sadusky. James Woodward will be SVP and CFO, Deborah McDermott will be SVP and COO, Robert Richter will be SVP and chief digital officer, while Andrew Carington will be VP and general counsel.

The station groups also said the two companies are committed to the deal and ready for approval:

The integration planning teams, co-led by senior leaders of both companies, have been working diligently for the past several months to ensure business continuity, synergy attainment, and customer and talent retention. These teams have developed detailed work plans for their functional areas and based on their integration planning work to date, as well as the substantial progress made to obtain all required regulatory approvals, the companies reaffirm confidence in their ability to realize approximately $70 million of annual run-rate synergies within three years, and expect to close on the transaction in the fourth quarter of 2014.

“This announcement is an important step on the critical path to ensuring the company is prepared to hit the ground running once we receive the necessary regulatory approvals,” Sadusky said in a statement. “After the merger is complete, we will have one of the strongest leadership teams in the industry. Their expertise and dedication gives me even more confidence that we will deliver on our promise to build a stronger, more efficient company that will compete effectively in the rapidly evolving media landscape.”

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Kenny Lawrence Named GM of KLFY

klfy_304Kenny Lawrence has been named general manager of KLFY, Young Broadcasting’s CBS affiliate in Lafayette, La.

Since 2008, Lawrence has held several executive-level television roles in Atlanta, including as director of programming and creative services for CBS affiliate WGCL. He was previously the director of marketing and creative services for the CBS Television Stations in Boston.

“Kenny brings to Lafayette his broad knowledge of broadcasting, digital, sales, news, creative and marketing,” Young Broadcasting CEO Deborah McDermott said in a statement. “His track record of developing successful projects, building relationships in local markets and demonstrating a strong understanding of and dedication to the business will prove to be invaluable assets. I am delighted to have him as a part of our team.”

Lawrence replaces Mike Barras, who is retiring at the end of this year after more than 50 years at KLFY. Read the release after the jump. Read more

Viki Regan Named VP-GM at WRIC in Richmond

Viki Regan has been named vice president and general manager of WRIC, Young Broadcasting’s ABC affiliate in Richmond.

Regan has worked as the VP-GM of WPBF in West Palm Beach and WEWS in Cleveland. She left WEWS in 2010 and has worked since then as a multimedia consultant, developing content, revenue and profit growth initiatives for television and mobile applications.

“We expect Young and WRIC will greatly benefit from her extraordinary station and social media leadership skills, demonstrated history of generating local news growth and proven ability to effectively program and monetize across platforms,” Young Broadcasting president Deborah McDermott said in a statement. Read more

Bob Peterson, WRIC General Manager, Tapped as Young Broadcasting’s VP of Station Operations

Young Broadcasting has named Bob Peterson vice president of station operations. He will be based in Nashville for his new role, which is effective immediately.

It’s a corporate promotion for Peterson, who is currently general manager of Young Broadcasting’s WRIC in Richmond. He has held that position for eight years.

“Throughout his long tenure with the company, Bob has consistently exhibited the ability to visualize the big picture while successfully developing and implementing business plans that focus on content creation and revenue growth,” Young Broadcasting president Deborah McDermott said in a statement.

Tony Cassara Steps Down As Young Broadcasting CEO

Tony Cassara is stepping down as CEO of Young Broadcasting after less than a year at the helm, the company announced today.

“Tony has advised us that he would like to pursue interests outside of Young Broadcasting, including the ownership of other broadcasting stations,” Thomas Sullivan, Young Broadcasting’s chairman of the board, said in a statement. “Accordingly, Tony has tendered his resignation as chief executive officer and member of the board of directors, effective March 13, 2012. We wish Tony well in his new endeavors.”

Deborah McDermott will continue in her role as president of Young Broadcasting and will be responsible for day-to-day operations as the company searches for Cassara’s replacement. Cassara will also give up his seat on Young’s board of directors.

Cassara is a former general manager of KTLA, the CW-affiliate in Los Angeles. He is also a former president of Paramount Pictures’ Television Stations Group. Read more

Days After Leaving KMSB, Bob Simone Named General Manager of WLNS

Last week it was announced that Bob Simone was leaving his general manager post at Tucson’s KMSB amid the aftermath of the station’s shared services agreement with KOLD.  Today it was announced that Simone has been named vice president and general manager of WLNS, Young Broadcasting’s CBS-affiliate in Lansing, MI.

“Bob brings a lengthy track record of effectively managing stations while strategically building their revenue streams,” Deborah McDermott, President of Young Broadcasting, said.  “We look forward to having him aboard and leading WLNS‐TV to new levels of success in the greater Lansing marketplace.”

Simone brings 15 years of GM experience with him to Lansing.  Before joining KMSB in 2009, Simone was GM of three different Fox stations: KDVR in Denver, KPTV in Portland, and WTFX in Philadelphia.

Kenneth Freedman Named GM of Young’s KWQC

Kenneth Freedman has been named general manager of KWQC, Young Broadcasting’s NBC-affiliate in Davenport, IA.

Freedman comes to KWQC from KGW in Portland, OR, where he served as general sales manager. Throughout his career, he has held management positions at Salt Lake City’s KSTU as well as Orlando stations WKMG, WOFL, and WRBW.

“Ken has been an inspiring leader throughout his career-building broadcast and new media teams, and leading those teams to setting sales records and growing business at every station where he has worked,” said Young Broadcasting president Deborah McDermott, in announcing the move. “KWQC is in good hands with his talent, experience and initiative, and I am confident that he will play a vital role in the future of the station and Young.”

Freedman, who succeeds interim GM Brian Greif, says that he looks forward to expanding KWQC’s “presence on-air, online and in the community.”

Tony Cassara Named Young CEO

Tony Cassara is the new CEO of Young Broadcasting.

The company announced this week that Cassara, a current board member, would succeed longtime boss Vince Young, who resigned from the CEO post in March.

“Young Broadcasting is experiencing a terrific resurgence, having emerged from bankruptcy with the best balance sheet in the industry,” Cassara boasted in a press release. “I am proud to lead Young and look forward to expanding our opportunities for continued success.”

Cassara has decades of experience in the TV industry. In 1977, he joined KTLA and became the youngest general manager in the station’s history. He went on to oversee the expansion of Paramount Pictures’ Television Stations Group from 1993 to 2000, and eventually joined Chartwell Partners where he worked to grow Univision.

Deborah McDermott continues as president of Young, overseeing the company’s 10 stations.