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Posts Tagged ‘Nexstar’

Q4 Earnings: Nexstar Net Revenue Up 19%

nexstar logoNexstar Broadcasting reported $138.1 million in revenue for the fourth quarter of 2013, an increase of +18.9% compared to the year-ago quarter.

Both local and national revenues increased compared to the fourth quarter of 2012: local revenue was up +42.7% and national revenue was up +59.5%. While political revenue was down in the non-election year, digital media and retransmission revenue both grew compared to the year-ago quarter.

“Our near- and long-term path to growth and the enhancement of shareholder value remains on plan and 2014 will see another period of record financial results as Nexstar will benefit from its expanded scale, new operating efficiencies and synergies related to recent and soon-to-be-completed acquisitions, the renewal in the 2013 fourth quarter of a significant number of retransmission consent agreements, an expansion of our digital media initiatives and the return of the political cycle and highly rated special event programming such as the winter Olympics,” Nexstar chairman and CEO Perry A. Sook said in a statement.

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Leo Henning Appointed VP-GM of KOZL-KOLR

Nexstar Broadcasting has announced Leo Henning will be vice president and general manager of KOZL, an independent station in Springfield, MO, effective immediately. Henning will also oversee KOLR, Mission Broadcasting’s CBS-affiliate, which Nexstar operates under a joint operating agreement.

Henning comes from Saukview Media, where he is the president and CEO. Prior to that, he spent five years at Barrington Broadcasting, where he was group head of several stations, including WNWO in Toledo, KRCG in Columbia, WHOI in Peoria, KHQA in Hannibal, WLUC in Marquette and KTVO in Kirksland. Before joining Barrington, Henning spent 33 years at Quincy Newspapers’ Broadcast Group.

“With his local broadcasting expertise, strong client relationships, and dedication to the local communities he has served for many years in the Ozarks and Midwest, we are confident that Leo is the ideal person to lead KOZL’s television and e-media operations,” Nexstar COO Brian Jones said in a statement.

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.

Nexstar Pools Resources of Arkansas Stations to Launch Statewide Newscast

Using staffers and technical resources from four of its local stations in Arkansas, Nexstar Broadcasting is launching a statewide daily newscast called “Arkansas Today.”

Beginning today, the half-hour show will air on all four stations — KARK in Little Rock, KNWA in Fayetteville, KTVE in El Dorado and KTAL in Texarkana — on weekdays at noon. Although each station will have live broadcast capabilities for “Arkansas Today,” the newscast’s home base will be at KARK.

The show will be anchored by KARK anchor Mallory Hardin and meteorologist Greg Dee. Reporters from all four stations will contribute on a daily basis. Read more

Nexstar Cuts Several Jobs At Evansville’s WEHT

Nexstar Broadcasting has fired several people from WEHT, the ABC-affiliate in Evansville, according to the Evansville Courier & Press.

Nexstar agreed to acquire WEHT in August. The employees have been notified that their positions will be terminated when Nexstar officially takes the reins from Gilmore Broadcasting, which is expected at the end of the month.

The Courier & Press reports general manager Doug Padgett, general sales manager Mike Riley and news director Mark Glover are among those who will no longer be employed at WEHT. Reporter and weekend sports anchor Sean Clark-Weiss, morning co-anchor Whitney Ray, reporter Nick LaGrange and sports director Mark McVicar have also been informed they will be let go, as well as “several” producers, directors and editors.

Nexstar Taps Former WROC News Director to Oversee Cross-Platform Content

Nexstar Broadcasting announced today that Jerry Walsh has been named director of local content development.

In his new role Walsh, who previously served as news director at Nextar’s WROC in Rochester, NY, will work with news directors and web producers at the company’s stations to create local, cross-platform content for TV, web, and mobile.

“Jerry’s ability to leverage the value of local content creation across multiple platforms in a manner that elevates its relevance to on-air, online and mobile audiences has proven to be of value to our viewers and advertisers alike,” said Blake Russell, Nexstar’s senior vice president of station operations, in announcing the move. Read more

KSFX Rebranded as KOZL After Losing Fox Affiliation

Nexstar-owned KSFX, which is losing its Fox affiliation in the Springfield, MO market this fall, will debut expanded newscasts and new station call letters when it becomes independent on September 1.

The station will become KOZL, “Ozarks Local.” As part of the re-branding effort, the station will add an additional hour of news to their morning show, expanding it from 7 a.m. to 9 a.m., and an additional half-hour newscast on Sundays at 6 p.m. No anchors have been announced for the additional programs yet.

“Launching ‘Ozarks Local’ reflects our deep commitment to the community and focus on addressing the interests of our audiences in the Ozarks area,” vice president and general manager Mark Gordon said in a statement. “We will be more than doubling our locally-produced programming by this fall.”

Other changes to the station’s lineup include the introduction of a weekly business show Sunday evenings at 6:30 p.m. and an hour-long afternoon lifestyle program that will air weekdays at 4 p.m. The show also plans to add a half-hour long sports show on weekends at 10:30 p.m.