TVNewser LostRemote AgencySpy PRNewser FishbowlNY FishbowlDC SocialTimes AllTwitter AllFacebook InsideFacebook InsideSocialGames InsideMobileApps

Posts Tagged ‘LIN Media’

After Losing Belo to Gannett, Sinclair Reportedly Eyeing Gray, LIN and Raycom

sinclair logoBloomberg News reports Sinclair Broadcast Group is weighing more acquisitions after attempting to “steal Belo Corp. from the clutches of Gannett Co.” Gray Television, LIN Media and Raycom Media are seen as potential acquisition targets:

Sinclair twice tried to top Gannett’s offer for Belo in the days before the shareholder vote, said people familiar with the matter, who asked not to be named because the process was private. Sinclair first sought to assemble a deal with various Belo shareholders, and then attempted to put together an offer with private-equity firm CVC Capital Partners Ltd., the people said. Neither effort led to a bid, they said, and Belo shareholders approved Gannett’s $1.5 billion offer on Sept. 25.

After missing out on Belo’s 20 TV stations, Hunt Valley, Maryland-based Sinclair may have to settle for alternatives. Gray, Lin and Raycom Media Inc. may be potential targets, said Paul Sweeney, a Bloomberg Industries analyst. In two years, Sinclair has announced $2.8 billion of deals as stations negotiate higher fees from cable systems. U.S. TV and broadcast deals have reached $8.7 billion this year, the most since 2007, according to data compiled by Bloomberg.

LIN Announces Blumenthal Retiring, Names Howell Successor

linmedia_304x200LIN Media has announced the retirement of Scott Blumenthal, executive vice president television and the appointment of his successor, Jay Howell.

Blumenthal started his broadcast career in 1970 and worked at WTWO in Terre Haute, IN, and WRTV in Indianapolis, IN, before starting his own advertising agency, commercial syndication and animation studio.

He was hired by LIN in 1983 as local sales manager for WISH in Indianapolis and was named president and general manager of WOOD and WOTV in Grand Rapids, MI, in 1994. He came back to WISH as president and GM in 1999 before being named regional vice president for LIN Media in 2002. Three years later he was promoted to vice president television and was named executive vice president television in 2006. Read more

Q2 Earnings: LIN Media Net Revenue Up 36%

LIN Media reported a $164.3 million in net revenues during the second quarter of 2013, a 36% increase on the year-ago quarter.

Local revenues, including net local advertising revenues, retransmission consent fee revenues and television station website revenues, rose to $107.1 million, an increase of 44% compared to the second quarter of 2012. Net national revenues were also up 28% for the quarter.

In the non-election year, net political revenues decreased to $1.5 million from $7.6 million in Q2 2012. LIN Media president and CEO Vincent L. Sadusky said in a statement that the absence of political revenues will “negatively impact growth for the remainder of 2013.”

“Our results were driven by our recent television station acquisitions, higher pay TV subscriber fees and signficiant growth in our digital business, both organically and by adding HYFN and Dedicated Media to our portfolio,” Sadusky said. “…We will continue to remain focused on executing our strategy that has helped transform LIN Media into a more diversified, multimedia company with superior content and marketing solutions for every screen.”

Kathy Mosher-Boule Named Manager of On-Air Image and Design at LIN Media

LIN Media has appointed Kathy Mosher-Boule manager of on-air image and design for its 43 stations.

Mosher-Boule comes from the FX Design Group, where she has worked for 18 years, most recently as the broadcast division’s vice president of business development. In her new role, she will collaborate with each station to “ensure their sets, lighting, graphics, and other image-related aspects of a newscast meet brand-building and integrated marketing strategies.”

“Kathy’s unique creative design solutions, uncompromising visual standards and keen insight into consumer appeal make her the ideal choice to manage the on-air brand image and set design of our television stations,” Scott Blumenthal, LIN Media’s EVP of television, said in a statement. “We are very pleased to welcome Kathy to the team.”

Kristina Lockwood Named GM at KHON

Kristina Lockwood has been named president and general manager of KHON, LIN Media’s Fox affiliate in Honolulu.

It is a return to KHON for Lockwood, who has previously served as the station’s national sales manager. In her new role, she will also be responsible for KHON-D2, Honolulu’s CW affiliate.

“We are excited to have Kristina back at KHON-TV. She is an outstanding broadcast executive with strong roots in Honolulu,” LIN Media Television EVP Scott Blumenthal said in announcing the hire. “Her unique blend of sales experience in both television and digital media, leadership skills and strong relationships make her an ideal candidate for this position and for advancing our key initiatives.”

Most recently, Lockwood was the director of sales statewide for Cox Media’s California division. She replaces Joe McNamara, who exited KHON last week.

LIN Media Net Revenue Increases 76% in Q4

LIN Media announced net revenues increased to $196 million in the fourth quarter of 2012 compared to $111.5 million in the fourth quarter of 2011, an increase of 76% on the year-ago quarter.

Net political revenues rose to $45.5 million, compared to $23.8 million in the fourth quarter of 2010 and $20 million during the same time period in 2008. Excluding political revenue, net revenues increased 39% to $150.7 million.

Local revenues, retransmission consent fees and television station web site revenues increased 45% to $101.4 million. Operating income increased 139% to $71.2 million.

General Manager Joe McNamara Out at KHON

KHON president and general manager Joe McNamara has parted ways with the Honolulu Fox affiliate, according to the Honolulu Star Advertiser.

McNamara had been the station’s general manager since 2006. KHON, previously owned by New Vision Television, was purchased in May by LIN Media.

No successor was immediately named, but LIN Media will “be naming someone here very quickly,” EVP for television Scott Blumenthal told the Star-Advertiser.

WDTN Cuts Main Anchor Michelle Kingsfield

Dayton NBC-affiliate WDTN has parted ways with Michelle Kingsfield, who anchored the station’s 5, 5:30, and 11 p.m. weekday newscasts over the past five years.

Kingsfield told the Dayton Daily News that she was “abruptly” let go last week, with the LIN-owned station failing to offer a reason for her dismissal.

Kingsfield has been a fixture on Dayton TV for over a decade.  Before joining WDTN in 2007, she worked as an anchor at WKEF-WRGT, the market’s Sinclair-run duopoly. Read more

WISH Meteorologist Angela Buchman Moving Across the Street to WTHR

Popular Indianapolis meteorologist Angela Buchman is leaving WISH to join crosstown rival WTHR.

An Indiana native, Buchman has been with WISH since 2001. According to multiple sources, she is set to depart the LIN Media flagship for a job at WTHR, the market’s #1 station.

Neither of the stations are willing to talk about the move and Buchman has not responded to TVSpy’s emails.

As the Indianapolis Business Journal points out, it’s unclear what the move means for WTHR’s primary meteorologist Chris Wright, who has been with the station since 1999. Read more

LIN Reports 15% Revenue Increase, Stokes Excitement for New Vision Deal

LIN Media, which operates or services 32 network affiliates around the country, today reported a 15% increase in revenue for the first quarter, compared to the same period last year.

LIN TV stations brought in $103.2 million in net revenue during the first three months of the year, compared to $89.7 million during last year’s first quarter. Local revenue increased 16% to $67.7 million, and national revenue was up 4% to $23.1 million.

“2012 is off to a great start as a result of strong first quarter results and revenue increases in all areas of our business,” LIN president and CEO Vincent Sadusky said, announcing his company’s financial results. Read more

<< PREVIOUS PAGENEXT PAGE >>