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Posts Tagged ‘Raycom Media’

Raycom and DirecTV Say What They Really Think After Retrans Agreement

directv raycomAfter the retrans dispute between DirecTV and Raycom was settled Sunday, you’d think each company would forgive and forget, after all they’ll have to negotiate all over again one day. Instead, each company took a parting shot at the other on their company websites.

On Sunday, DirecTV posted:

“We thank all of our affected customers for their patience over these past several days and regret that Raycom and too many other broadcast stations are willing to resort to these contrived blackouts to antagonize the public rather than serve it,” said Dan York, chief content officer at DIRECTV.

“Broadcast station groups who ransom their content back into their communities at exorbitant fees deserve the scrutiny of the Federal Communications Commission and local Congressional representatives. Raycom’s intentional recent black outs of DISH, Cox and now DIRECTV customers creates an even greater sense of urgency for lawmakers to review and overhaul this anti-consumer retransmission consent process once and for all.”

Raycom later posted: Read more

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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.

Raycom Rumored to Be Expanding with Purchase of New Orleans Station

raycom_logoThe Retirement Systems of Alabama, a group that lists Raycom Media as one of its biggest investments, told members in its latest newsletter the station group is ready to close on the purchase of New Orleans FOX affiliate WVUE for $55.6 million.

The good news for RSA members is spelled out in the newsletter, “Pending year-end approval by the FCC, the station would immediately increase in value by more than $12 million due to the re-transmission fees paid to Raycom compared to a single station owner.”

>UPDATE: The Times-Picayune reports Greg Bensel, a spokesman for the current owners of WVUE, told the paper, “There is no sale pending. The station is not for sale.”

The news was first reported on the website of rival NBC affiliate WDSU. Read more

Raycom Stations Go Dark on Dish Network

Raycom Media stations in 36 markets have gone dark on Dish Network after the two companies failed to reach an new carriage agreement by midnight Wednesday.

“We are ready to listen to a fair proposal from Raycom to bring this impasse to a swift end,” Dish director of programming Sruta Vootukuru said in a statement. “Unfortunately, the broadcaster has not been willing to pursue an agreement that would have avoided this disruption of service to our customers and Raycom viewers.”

“We understand this is frustrating for DISH Network customers, we share their frustration, and we are committed to doing everything we can to resolve this issue,” Raycom Media president and CEO Paul McTear said.

CBS and Time Warner are facing a Friday deadline in a similar dispute.

FCC Approves Sale of WUPW, Layoffs Likely to Follow

The FCC has approved the sale of WUPW, bringing the Toledo Fox-affiliate one step closer to an expected round of layoffs.

The Toledo Blade reports that the $22 million deal for WUPW between LIN Media, the station’s current owner, and American Spirit Media was approved on Monday.  Attached to the deal is a shared services agreement with Raycom Media, which owns the market’s CBS-affiliate, WTOL.

As WUPW’s new owner pools its resources with WTOL, as many as 63 people could lose their jobs.  A formal announcement about the shared services agreement is expected next week.

Toledo’s WUPW to Lay Off 63 Employees

Toledo Fox-affiliate WUPW will reportedly lay off 63 employees when the station changes ownership this spring.

The Toledo Blade reports that Ohio state officials have been informed of planned layoffs at WUPW when a deal for the station between American Spirit Media and LIN Media is finalized in the coming months.

American Spirit, a Charlotte-based company run by Thomas Henson, who owns a handful of stations across the country, is buying WUPW from LIN for $22 million.  LIN has owned and operated the station since 2002. Read more

Raycom Taps WMC News Director Tracey Rogers as KAIT General Manager

Raycom Media has tapped Tracey Rogers as vice president and general manager of KAIT in Jonesboro, AR.  Rogers is currently the news director at WMC, Raycom’s Memphis station.

Rogers, who has been WMC’s ND since 2007, replaces Tim Ingram at KAIT.  Raycom recently named Ingram vice president and general manager of KFVS in Cape Girardeau, MO.

“Both of these internal promotions further confirm Raycom’s commitment to growing and promoting talent and management within the company,” Raycom stated in a press release announcing Rogers’ promotion. Read more

Jobs Open at KOLD for Out-of-Work KMSB Staffers

When Belo announced last month that it had struck a shared services agreement with Raycom Media in which the company’s Tucson Fox-affiliate KMSB would hand over its news operations to Raycom’s KOLD, a large-scale round of layoffs were expected.  Now it appears that at least a handful of KMSB staffers will be able to land jobs with their onetime rival.

According to Inside Tucson Business, KOLD has posted 15 full-time and three part-time job openings specific to the agreement, and additionally there are three positions at the station that were vacant before the agreement.  And KOLD may soon post three or four additional openings.

By Inside Tucson Business’s calculations, that means there will be roughly 20 available positions at KOLD for the 30 or so people who will soon be out of a job at KMSB.

FCC Defends Controversial Honolulu Triopoly but Says It’s ‘Clearly at Odds’ with Rules

The FCC’s Media Bureau defended the legality of a controversial shared services agreement involving three stations in Honolulu when it rejected a complaint last week from a local media watchdog group.

Media Council Hawaii filed a complaint in 2009 concerning the then-newly formed virtual triopoly of KHNL, KFVE, and KGMB.  Raycom Media, owner of KHNL and KFVE, had struck a deal with MCG Capital, owner of KGMB, to form an entity, now known as “Hawaii News Now,” that would effectively be run by Raycom.  As part of the complex deal, Raycom traded programming and control of MyNetworkTV-affiliate KFVE with MCG for that of CBS-affiliate KGMB–a move that basically made Raycom the owner of Honolulu’s NBC and CBS stations. Read more

KMSB Anchor Tells Viewers He’s Losing His Job

It’s probably the most personal news KMSB anchor Lou Raguse has ever had to deliver to Tucson viewers. Following Belo’s announcement that the company was handing over news production at KMSB to Raycom Media’s KOLD, Raguse went on the air and told everyone that he was now out of a job.

“Beginning February 1st, Raycom will produce this newscast on Fox 11 as well as a two-hour morning newscast,” Raguse, who has been with KMSB since 2008, informed viewers at the top of the Fox-affiliate’s 9 p.m. newscast. “For right now, it means that all the news, sports, engineering, and production people here at Fox 11 are out of a job by that date.” Video inside… Read more

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