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

Posts Tagged ‘Post Newsweek’

‘Post-Newsweek’ Name Retired, Company Now ‘Graham Media Group’

GrahamHoldingsLogo-jpg

Post-Newsweek Stations announced today the company would now be known as Graham Media Group, effective immediately. The name change comes after the sale of The Washington Post to Amazon CEO Jeff Bezos. The company owns five television stations, WJXT in Jacksonville, WDIV in Detroit, KPRC in Houston, KSAT in San Antonio, and WKMG in Orlando.

In a statement, Emily Barr, president and CEO of Graham Media Group, said the new name was a better fit for the company:

“Much like our parent company, Graham Holdings, this new name better reflects the diversity of our creative and innovative company,” said Emily Barr, president and CEO of Graham Media Group. “We provide our communities with the best local news, programming and critical information, delivered on-air, on-line and on-demand, via our television stations, websites and social media, as well as 90 news, weather and community-focused mobile apps. In addition, we have recently made a strategic investment in Storm Pins, a crowd-sourced, social weather and breaking news app that connects you to your community, and we continue to look for ways to expand our reach into local communities through innovative digital media and web-based communications.”

Miami station WPLG, previously a Post-Newsweek station, was sold this year to Warren Buffet’s Berkshire Hathaway

Mediabistro Course

Social Media 101

Social Media 101Get hands-on social media training for beginners in our online boot camp, Social Media 101. Starting September 4, social media and marketing experts will help you determine the social media sites that matter most to you, based on your personal and professional goals. Hurry, this boot camp starts next week! Register now! 

 

Emily Barr: Post-Newsweek Stations Not For Sale

Post-Newsweek_LogoEmily Barr, the president and CEO of the Post-Newsweek stations, is seeking to allay fears within the station group after the sale of WPLG, the ABC affiliate in Miami, was announced this morning. In a memo to staffers obtained by TVSpy, Barr writes:

Please know that the decision to trade WPLG, which has long been an important part of the fabric of Post-Newsweek, was not made lightly or without regard to the implications this has for our remaining five stations. We are a broadcast group that has long been the envy of many in our industry and we remain healthy and influential. Let me assure you we will continue to innovate, lead and evolve far into the future.

When you are asked (and you will undoubtedly be asked) if Post-Newsweek Stations is for sale, you can emphatically state we are not. Don has asked me to innovate and grow our existing stations, not prepare them for sale.

Read the full memo after the jump. Read more

Q2 Earnings: Post-Newsweek Revenue Up 4%

The Washington Post Co. reported a $99.3 million in revenue for the Post-Newsweek stations during the second quarter of 2013. This was a 4% increase compared to the second quarter of 2012.

Operating income for the quarter was up 9% to $47.7 million, from $43.7 million in the year-ago quarter. For the first six months of the year, the company reported a 4% increase in revenue, $186.5 million compared to $177.1 million int he same period of 2012. Operating income for the first half of the year also increased 11% to $83.1 million.

“The increase in revenue and operating income reflects growth in advertising demand across many product categories; incremental advertising revenue from the NBA finals broadcast at the division’s ABC affiliates in Miami and San Antonio; and increased retransmission revenues. The increase in revenue and operating income was offset partially by a $5.3 million and $8.1 million decline in political advertising revenue in the second quarter and first six months of 2013, respectively,” the company said in a statement.

Post-Newsweek Revenue Up 32% in Q4

In the fourth quarter of 2012, revenue for the Washington Post Company’s Post-Newsweek television group rose to $116.2 million, an increase of 32% on the year-ago quarter.

Post-Newsweek also reported a 54% increase in operating income, from $40.9 million in the fourth quarter of 2011 to $62.8 million in the fourth quarter of 2012. The company cited improved advertising demand in political and Olympics related ads, as well as increased retransmission consent fees, for the strong gains.

Q3 Earnings: Post-Newsweek Revenue Up 44%

The Washington Post Co., the parent company of the Post-Newsweek stations, reported a +44% increase in revenue for the television broadcasting division during the third quarter of 2012.

Television broadcasting revenue for Q3 was $106.4 million, up from $73.8 million in the same period of 2011. The company also reported operating income of $54.1 million, up from $24.1 million in the third quarter of last year.

The Washington Post Co. said the increases were due to an “improved advertising demand across many product categories,” including a $15.6 million increase in political advertising revenue, this quarter. There was also a $10.8 million increase in Olympic-related advertising on the company’s NBC affiliates and increased retransmission revenues.

Washington Post Co.’s TV Stations Show Strength as Company’s Other Divisions Struggle

While its newspaper and education divisions continue to struggle, The Washington Post Co. is celebrating the success of its broadcast television unit.

The company’s Post-Newsweek station group was the only Post division to record higher operating profit in the second quarter than last year.

The Post Co. today announced financial results for the second quarter of 2012 and revenue for the company’s television broadcasting division increased 13% in the period, to $95.6 million.  Revenue for the first six months of the year was also up 13%, $177.1 million. Read more

New WLS GM: “The First Thing I’m Going to Do Is Reconnect with Everybody”

John Idler, who was named president and general manager of Chicago ABC O&O WLS earlier this week, hopes to do a lot of listening in his first days on the job.

“The first thing I’m going to do is to reconnect with everybody in the building and figure out where the departments are strategically,” Idler told Time Out Chicago’s Robert Feder recently.  “Beyond that, as far as any long-terms plans or specific goals for the station, it’s way too early to talk about them.”

Idler joined WLS as an account executive in 1998 and served as vice president and general sales manager at the station before leaving to run WTVD, the ABC O&O in Raleigh-Durham. Read more

Washington Post Co. Announces Revenue Decline

The Washington Post Company, owner of the Post-Newsweek station group, today announced its financial results for the fourth quarter as well as the full year of 2011.

Revenue for the company’s station group declined 7% in 2011, to $319.2 million, and decreased 14% for the fourth quarter, compared to the same period in 2010.

“The decline in revenue is due primarily to the absence of $4.7 million in incremental winter Olympics-related advertising in the first quarter of 2010 and a $32.8 million and $18.9 million decrease in political advertising revenue for 2011 and the fourth quarter of 2011, respectively,” the company stated.

‘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.”

In Miami, WPLG Returning Local News to 5 p.m.

Miami ABC-affiliate WPLG is returning local news to its 5 p.m. time slot.

After scrapping its 5 o’clock newscast in favor of “Dr. Phil” a few years ago, the Post-Newsweek station is set to debut a new 5 p.m. show on August 22nd.

Calvin Hughes and Laurie Jennings (right), WPLG’s team at 6 and 11, will be behind the anchor desk from 5:00 to 5:30, with Jen Herrerra subbing for Jennings during the last half-hour.

In a recent phone conversation with TVSpy, WPLG vice president and general manager Dave Boylan said the programming shift comes down to dollars and cents.

“5 p.m. newscasts make sense given today’s economy,” Boylan said. Read more

NEXT PAGE >>