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Posts Tagged ‘New Vision’

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

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PBC Broadcasting Buys Topeka’s KTKA, Paving the Way for ‘Virtual Duopoly’

PBC Broadcasting has finalized a deal to acquire KTKA, an ABC-affiliate in Topeka, KS.

PBC Broadcasting, which owns Fox-affiliate WTGS in Savannah, GA and ABC-affiliate WYTV in Youngstown, OH, announced on Friday that it has agreed to terms with Free State Communications to buy KTKA and immediately begin managing the station’s advertising sales.

The deal is expected to be approved by the FCC in the second quarter of this year.

Of interest to the regulatory approval process, is PBC Broadcasting’s relationship with New Vision Television, which manages the company’s stations in  Savannah and Youngstown.  As TVNewsCheck points out, New Vision, the owner of WJCL in Savannah and WKBN in Youngstown, operates “virtual duopolies” in those cities.

New Vision also owns KSNT in Topeka, making another virtual duopoly possible.