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Posts Tagged ‘Gannett’

Study Says Online Ad Revenue Strong for Local TV

According to a new study from Borrell Associates, local television stations racked up $1.97 billion in online ad revenue in 2011, a 41 percent increase over the previous year. The study predicts an even better 2012. Broadcasting & Cable has details:

Stations are forecasted to blow past the $2 billion threshold this year. Borrell Associates forecasts $2.7 billion in local TV online revenue, a 35% increase over 2011. Borrell revealed the numbers in its new Benchmarking Local Online Media survey.

“Local TV broadcasters continue to grow online ad revenue at an impressive clip,” said the study, which singled out Gray Television and Meredith for growing revenue at a 50% rate in the last half of 2011, along with LIN, Nexstar and Gannett for their digital gains as well.

WCPO Names Lane Michaelsen News Director

Lane Michaelsen, who until recently was vice president of news at Miami’s WTVJ, has been named news director at WCPO in Cincinnati.

Michaelsen replaces longtime WCPO news director Bob Morford, who announced his plans to leave the station at the beginning of the year.

“Lane is exactly the news director this market needs right now, and we’re very pleased to have his talent and experience in our newsroom,” WCPO vice president and general manager Steve Thaxton said, announcing the hiring. “His deep understanding of journalism and the tenets of serving communities will make a major impact on our team and the Tri-State.” Read more

Gannett Highlights Boost in Non-Political Advertising

Gannett, which owns 23 stations across the country including WUSA in D.C. and KARE in Minneapolis, countered a significant drop in political advertising in the fourth quarter with an 11.3% increase in non-political revenues.

Gannett’s television revenues for the fourth quarter were $192.4 million, $27.9 million less than the $220.2 million brought in during the same period last year.

The company attributes its increase in non-political revenues to significant growth in auto advertising for the quarter.

Gannett also saw a 30.3% increase in retrans revenues, which totaled $21.4 million for the quarter. Read more

‘Steve Harvey’ Set for 70% of the Country

“Steve Harvey,” the one-hour talk show hosted by, well, Steve Harvey, has now been sold in 70% of the country.

NBCUniversal Domestic Television Distribution announced today that the show, which is set to debut next fall and has already been sold to NBC, Fox, CBS, Hearst and others, was recently purchased by a handful of station groups including Gannett, Gray, and Post Newsweek.

“‘Steve Harvey’ is the most versatile show to come to daytime syndication in a long time and the response that we have received in the marketplace in the past several weeks has been phenomenal,” NBCUniversal Domestic Television Distribution president Barry Wallach said in a statement.  “This new talk show has a unique appeal in daytime as Steve’s comedic approach to a wide array of relatable topics attracts a broad audience and allows all affiliates to benefit from his popularity.”

Gannett Makes Up for Q3 Decline in Political Spending with Gains in Auto and Online Advertising

Gannett, which owns 23 stations across the country, experienced a slight dip in television revenues for the third quarter compared to the same period last year.  The company is attributing the decrease to a decline in political advertising.

Gannett brought in $168.8 million in TV revenues for the quarter–$10.8 million less than last year’s Q3.  Excluding an $18.4 million decrease in political advertising, though, revenues were 4.7% higher.

“The increase was due, in part, to strengthening demand for auto advertising in September,” the company stated in its press announcement this morning.

In addition to a higher demand for auto advertising in the quarter, Gannett experienced a 26.7% increase in retrans revenue and a 27.5% gain in online revenues for its stations.

Craig Dubow Resigns as Chairman, CEO of Gannett

Less than a month after taking a medical leave, Craig Dubow has resigned as chairman and CEO of Gannett, the company announced today.

“For me, the decision to step down was difficult, but I must now focus on my health and my family,” Dubow said in a statement. “I will miss working with the talented team at Gannett and firmly believe the company’s best days lie ahead.”

Dubow will be replaced as CEO by Gracia Martore, who has been acting as principal executive officer since in Dubow’s absence. Marjorie Magner has been named chairman of the board.

“I have great admiration for what Craig has achieved in building our business to meet the changing needs of consumers and businesses today,” Martore said in a statement. “We will miss him and wish him and his family the very best.”

KUSA Partners with Telemundo for Spanish Newscasts

In Denver, Gannett-owned KUSA is set to begin producing two new Spanish language newscasts that will air on local Telemundo station KDEN.

The newscasts, which will be shot at the KUSA studios, will air weekdays at 5:30 and 10 p.m. beginning October 3rd. Anchors have not yet been named.

“We’ve been working on this for several months,” KUSA news director Patti Dennis said during KUSA’s noon newscast today (video inside). “Knowing that the Spanish language community has only one choice for Spanish language news in Denver, this will give us an opportunity to take 9News and the Telemundo brand and put it together in a weekly evening and late newscast for the Spanish-speaking audience.”

Univision-affiliate KCEC currently airs a local newscast at 5 and 10. Read more

Gannett Reports Improvement in Q2, Especially Considering Decrease in Political Spending

Gannett Co., which owns 23 TV stations across the country, reported today that television revenues were up slightly in the second quarter compared to the same period last year.

Gannett TV stations brought in $177.7 million in Q2, a slight improvement over the $177.5 million garnered last year, but a significant boost if you consider that the division saw a net decrease of $8.8 million in political spending.

Adjusted to exclude the impact of the cyclical demand related to political spending, Gannett television revenues were up 5.4% for the quarter.

Gannett also brought in $19.4 million in retrans revenue, up 23.7% from Q2 2010.

Media General Reports Slight Dip in First Quarter

Media General, which operates 18 stations focused mainly in southeastern markets, announced today that first quarter TV revenue had dropped 2.6% compared to the same period last year.

In its earnings report, Media General pointed to the same factors that Gannett mentioned in its first quarter announcement earlier this week: the absence of the Olympics on NBC-affiliates and the Super Bowl on CBS-affiliates caused a dip in revenue compared to 2010.

“We were pleased that our Broadcast television stations continued their strong performance,” said Marshall Morton, Media General’s president in CEO, putting a positive spin on things. “Total Broadcast revenues decreased $1.8 million, or 2.6 percent, from last year, despite the absence of $7.6 million in Olympics revenues and nearly $1 million in Super Bowl revenues.”

The company also reported that its local media websites experienced a strong gain in revenue, pulling in 20% more than the previous year.

Gannett’s TV Revenue Dips 2%

Gannett, which owns 23 stations across the country including KARE in Minneapolis-Saint Paul and WUSA in D.C., announced today that its first quarter TV revenue had dipped 2%, compared to the same period last year.

In a news release, Gannett’s chairman and CEO Craig Dubow blamed the dip on the fact that the company’s NBC-affiliates had the Olympics last year and its CBS-affiliates saw a boost when the network aired the 2010 Super Bowl, which moved to Fox this year.

Overall, Gannett’s TV revenues were $158.3 million for the quarter, compared to $161.3 million last year.  The company points out that it took in $18.6 million in Olympic spending and $2.2 million for ads related to the Super Bowl.

Gannett predicts second quarter revenues to be flat compared to last year.

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