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Posts Tagged ‘Paul Karpowicz’

Mark Pimentel Named VP/GM at WGCL

wgclAtlanta CBS affiliate WGCL has named Mark Pimentel vice president/general manager of the station. Pimentel was previously vice president/general manager at CBS affiliate KMOV in St. Louis, MO.

Paul Karpowicz, president, Local Media Group, announced Pimentel’s new gig in an internal memo obtained by TVSpy:

He has a proven track record of success in leading KMOV in ratings growth, taking the station from No. 3 to No. 1 in News in two years. He has also significantly increased spot and digital revenues… This new role at WGCL serves as an Atlanta homecoming for Mark as he spent his early career as Executive News Producer for WSB-TV and News Director of WXIA-TV. Please help me in welcoming Mark to the WGCL team.

Pimentel’s new position is effective immediately.

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Meredith’s Local Media Group Revenue Up 39% to $125 Million in Fiscal First Quarter

meredith_1Meredith Corp.’s Local Media Group has reason to celebrate. According to a new report, the company’s 15 local television stations generated $125 million in total revenue in the first quarter of fiscal 2015, which is up 39% from the same period a year ago.

The uptick was fueled in part by political advertising, digital ads and the company’s recent acquisition of KMOV in St. Louis and KTVK in Phoenix.

Here’s a more detailed look at the Local Media Group’s first quarter performance, compared to last year:

  • Total advertising revenues increased 43 percent to $93 million, a first quarter record
  • Political advertising revenues were $13 million
  • Non-political advertising revenues grew 24 percent to $80 million, benefiting from the recent acquisitions and strong digital advertising revenue performance
  • Other revenues and operating expenses both increased, due primarily to growth in retransmission revenues from cable and satellite television operators and higher programming fees paid to affiliated networks

Meredith Local Media Group president Paul Karpowicz was certainly happy with the results. “This was our first full quarter operating both KTVK in Phoenix and KMOV in St. Louis, and they are great additions to the Meredith portfolio,” He said. “We were also very pleased to see political advertising strengthen as the quarter progressed.”

You can view the full report, with details on Meredith’s National Media Group and more, here.

Q2 Earnings: Meredith Local Media Group Revenue Up 20%

meredith_1Meredith reported $111 million in Local Media Group revenues for the second calendar quarter (fiscal fourth quarter) of 2014, an increase of 20 percent compared to the year-ago quarter.

Operating profit for the quarter was $25 million, compared to $28 million in the prior-year period. For fiscal 2014, operating profit was $113 million and revenues were up 7 percent to a record $403 million, according to Meredith.

“We delivered record revenues and operating profit for a non-political year,” Local Media Group President Paul Karpowicz said in a statement. “We’re excited to add KTVK in Phoenix and KMOV in St. Louis to the Meredith portfolio, and look forward to having WGGB in Springfield join our group. The addition of these stations – along with increasing retransmission revenues, growing non-political advertising, rising digital advertising and the upcoming political advertising cycle – point to a strong fiscal 2015 for our business.”

Meredith Promotes GM of Portland Station, Names Replacement

meredith logo_304x200Meredith Local Media Group has announced Patrick McCreery has been promoted to the newly created role of Local Media Group VP of News and Marketing.

“I look forward to improving the reach and quality of local news content for our station group,” said McCreery, who was promoted from VP and GM of Meredith’s FOX affiliate KPTV-KPDX in Portland, OR.

McCreery has been with KPTV-KPDX for more than 10 years and in that time has served as station manager, news director and assistant news director. He joined Meredith as special projects executive producer for KPHO in Phoenix in 2003.

Meredith also announced Andy Delaporte has been promoted from director of sales at KPTV-KPDX to VP and GM to replace McCreery. Read more

Q1 Earnings: Meredith Local Media Group Revenue Up 14%

meredith_1Meredith Corp. reported $98 million in local media group revenues during the first quarter of 2014, a 14% increase compared to the year-ago quarter.

Operating profit was up 11% to $27 million. According to Meredith, growth “was driven by increased retransmission-related revenues and strong performance from Meredith television stations in Nashville, Phoenix and Las Vegas.” Non-political advertising and digital advertising both increased, as did operating expenses.

“We’re pleased to deliver another quarter of record operating results,” Local Media Group President Paul Karpowicz said in a statement.  “We’re excited to have KMOV in St. Louis as part of the Meredith portfolio.  KMOV’s addition – along with improving non-political advertising, growth in digital advertising and an anticipated robust political advertising cycle – point to a strong calendar 2014 for our business.”

Q4 Earnings: Meredith Revenue Drops 6%

meredith_1Meredith Corp.’s Local Media Group reported $104 million in revenue during the fourth quarter of 2013, a 6.4% drop from the year-ago quarter.

Operating profit for the quarter was $35 million, compared to $45 million in the year-ago quarter. Meredith had $25 million less of political advertising revenues than last year, which is expected in a non-election year.

“We were pleased to generate record non-political performance in the first half of fiscal 2014,” Local Media Group president Paul Karpowicz said in a statement. “We continue to consistently deliver great programming for our viewers and outstanding results at retail for our advertising clients.”

Q3 Earnings: Meredith Local Media Group Revenue Up 3%

meredith_1Total revenues for Meredith Corporation’s Local Media Group grew +3% to $90 million in the third quarter of 2013. Non-political advertising revenues were up +3% to $64 million led by strong performance from KPHO in Phoenix, KCTV in Kansas City and KPTV in Portland, Ore.

Operating profit was $26 million, down $2 million from the year-ago quarter. Meredith reported $12 million less of political advertising revenue in Q3 2013 than in Q3 2012. Other revenues and operating expenses both increased because of growth in retransmission revenues and programming fees.

“Our record revenue performance – achieved in a non-political quarter – speaks to the fundamental strength of our television broadcasting business,” Meredith Local Media Group president Paul Karpowicz said in a statement.  “We continue to engage viewers and successfully monetize the strength of our audience.”

Meredith Supports Ratings Based on Time Shifted Viewing

Meredith Corporation has joined the growing list of broadcasters who support the TVB analysis that Local Live + Same Day ratings are the most representative of the actual viewing audience.

“For an industry that’s ready to shift its attention to capturing all the impressions that are being accumulated on cross-platform devices, we need to first accept that time-shifting on television – the primary viewing device – is integral to how local viewing is done today,” said Paul Karpowicz, president, Meredith Local Media Group. “Without accounting for time shifting, we are leaving a significant number of impressions unaccounted for our advertisers, and that shortfall will only increase as the industry adds more time-shifting to the ratings standard.”

According to TVB in its July 2013 analysis, Live + Same Day ratings for the last broadcast season were within 5% of the national C3 ratings while Live Only ratings were 16% below C3.

ABC, CBS, NBC and Tribune so far have all issued press releases in support of TVB’s position on Live + Same Day Ratings.

Q2 Earnings: Meredith Local Media Group Revenues Rise 9%

Meredith Local Media Group reported $92 million in revenue in the second quarter of 2013, up 9% from the year-ago quarter.

Operating profit for the quarter rose to $28 million, “as higher retransmission-related revenues were partially offset by higher programming fees paid to affiliated networks, and $3 million less of political advertising revenues,” according to the company.

In fiscal 2103, Local Media Group revenues rose 19% to a record high of $376 million. Operating profit was also a record high $124 million, a 41% increase on the year-ago quarter. Non-political advertising revenues declined slightly, but automotive, furnishings and media categories all improved. The company also reported $39 million in political revenues, another record for Meredith.

“Our record financial performance speaks to the fundamental strength of our television broadcasting business,” Local Media Group president Paul Karpowicz said in a statement. “We continue to engage viewers with compelling content across media platforms to position ourselves for ongoing growth.”

Meredith Local Media Revenue Up 10% in Q1

Revenues for Meredith’s Local Media Group rose 10 percent to $85 million in the first quarter of 2013. Operating profit was $24 million compared to $23 million during the year-ago quarter.

“We’re pleased to have delivered another quarter of revenue and operating profit growth,” said Local Media Group president Paul Karpowicz said in a statement.

Non-political advertising revenues were $66 million, a slight decrease on the prior-year period. Political revenues were also down, as is expected in a non-election year. Growth was strong in the automotive, retail and furnishings categories. The company also reported an increase in other revenues and operating expenses due to growth in retransmission revenues.

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