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

Posts Tagged ‘Sinclair Broadcast Group’

Q4 Earnings: Sinclair Broadcast Revenue Up 33%

sinclair logoSinclair Broadcast Group reported net broadcast revenues of $382.3 million in the fourth quarter of 2013, a 33.2% increase compared to the year-ago quarter.

Operating income for the quarter was $103.3 million, a 13.3% drop compared to the fourth quarter of 2012. The decline was due to the absence of political revenue in the non-election year, as well as one-time acquisition costs and a loss on the sale of WSYT in Syracuse. Local net broadcast revenues were up 58.1% and national net broadcast revenues were down 14.2% because of the drop in political advertising.

“2013 was a historic year for us, including growing broadcast revenues 32.3% to a record-breaking $1.2 billion, and once again leading the industry on station acquisitions,” Sinclair president and CEO David Smith said in a statement. “During the year we closed on the purchase of 63 television stations and added over $1.0 billion in assets, which contributed $148.4 million in revenues in 2013.”

Sinclair Names James Doty GM of WJAC

WJAC_6_NewsJames Doty has been named general manager of Sinclair Broadcast Group’s Johnstown, PA, station WJAC.

We are pleased to have Jim join the team at WJAC,” Steve Pruett, co-chief operating officer at Sinclair, said in a statement. “Jim brings a long career in sales management, leading local and national sales teams. We believe his experience will be a valuable contribution to this market.”

Doty comes to the NBC affiliate from KPTM-KXVO in Omaha, NE, where he was the GSM. Before that he was the director of sales for Nexstar’s WCIA in Champaign, IL. He has also held various sales positions in Memphis and Jackson, TN, Houston, TX, and Harrisburg, PA.

Former Baltimore Anchor Joining Sinclair as National Correspondent

jackson_wjzKai Jackson, the longtime anchor for Baltimore’s CBS owned station WJZ, told The Baltimore Sun he’s joining Sinclair Broadcast Group as national correspondent.

“I’m really excited,” said Jackson, who left WJZ earlier this month. “It’s a company at the forefront of the industry, and I appreciate that they think I have something to offer.”

“Kai will be a special correspondent covering stories in the nation’s capitol for all of the Sinclair news operations,” Scott Livingston, VP of news at Sinclair told The Sun. “He will develop stories that focus on our commitment to advocacy journalism. Our goal is to produce stories that give context to the hot button issues in Washington.”

Jackson told The Sun he will start his new job January 2.

FCC Challenging Part of Sinclair’s Allbritton Buy

FCC_304The FCC is telling Sinclair Broadcast Group that part of its $985 million purchase of Allbritton Communications will violate ownership rules.

TVNewsCheck reported Friday, FCC Video Division chief Barbara Kreisman told Sinclair the way it has structured its deal to buy Allbritton’s ABC affiliates in Charleston, SC, Birmingham, AL, and Harrisburg, PA, would not afford it the grandfathered protection the station group had previously enjoyed, which allowed it to operate multiple stations in a single market.

Earlier, The American Cable Association wrote “Sinclair, fully aware that the FCC’s rules would not permit its outright ownership of these Charleston and Harrisburg stations, is also proposing to assign its own stations in these markets to third parties – so-called sidecar companies – while continuing to provide many “support services” to the stations through a variety of sharing agreements. ” Read more

Glen Callanan Named GM of Cedar Rapids Sinclair Station

sinclair_304Sinclair Broadcasting Group has named Glen Callanan general manager of its Cedar Rapids, IA, CBS affiliate KGAN. Sinclair also said Callanan will oversee sales and other non-programming related services at FOX affiliate KFXA pursuant to an outsourcing agreement.

“I am excited to be leading the team at KGAN and KFXA,” said Callanan in a statement “I hope to work with the station employees to make our stations, news product and digital presence more relevant and important to the Cedar Rapids market.”

Before coming to Sinclair, Callanan was the director of interactive and retail sales at WGN in Chicago. From 1999 until 2003, he was the national sales manager at WGN. In between stints at the Tribune-owned Chicago station, he was the general sales manager for KPLR in St. Louis, MO. He has also worked at WOFL in Orlando, FL, TeleRep and other stations in St. Louis.

Sinclair Hires Former FCC Adviser for New Washington Office

sinclair_304Sinclair Broadcasting Group has announced the hiring of Rebecca Hanson as senior vice president, Strategy and Policy.

Hanson, who comes to the station group from the Media Bureau of the FCC where she was senior adviser, Broadcast Spectrum, will be responsible for starting up a new Washington, D.C. office for Sinclair “dedicated to a broad range of policy and business matters.”

Sinclair president and CEO David Smith said in a statement, “As Sinclair continues to grow into the nation’s largest television station group, we need a presence in Washington to navigate the challenges and opportunities that we will face in the coming years. Rebecca’s experience at the FCC and in the wireless and media industries makes her uniquely qualified to lead this office.”

While with the FCC, Hanson served on the Incentive Auction Task Force as the go-to person for broadcaster participation and issues affecting non-participating broadcasters. Before joining the commission, she was vice president of Strategic Initiatives at Sprint Nextel. She has also worked at XM Satellite Radio as senior vice president of Business Development and VP and deputy general counsel. She started her career at Brownstein and Zeidman and later Shaw Pittman (now Pillsbury Winthrop Shaw Pittman) where she specialized in technology, commercial finance and venture capital.

Sinclair Closes on Purchase of KRNV

sinclair_304Sinclair Broadcast Group announced it has closed on the acquisition of the non-license assets of Reno, NV, NBC station KRNV from Intermountain West for $26 million and has entered into an agreement to operate or provide sales services to the station.

In the same press release, Sinclair announced plans to stop airing the 10:00 p.m. news from Cox owned San Francisco Bay Area FOX station KTVU. The station group said it plans on replacing the KTVU news with a local newscast.

A station spokesman told TVSpy when Sinclair bought the Reno FOX affiliate from Cox in February they started paying to air the KTVU newscast because it did so well in the ratings.

Doug Gealy Named Group Manager by Sinclair

sinclair_304Sinclair Broadcast Group has named Doug Gealy group manager.

As group manager, Gealy will oversee Sinclair’s stations in the Washington, D.C, Raleigh, NC, and Richmond, VA, markets.

“Doug is a very seasoned broadcaster bringing 31 years of broadcast television experience, including 24 years of broadcast executive experience to Sinclair,” Steve Marks chief operating officer of Sinclair’s TV group said in a statement.

Gealy was founder of ACME Communications and served as and president, CEO and COO from 1997 until 2013.Before that he was EVP of Benedek Broadcasting. Between 1989 and 1996, he served as VP and GM of WHOI in Peoria, IL, and then president and GM of WCMH and WWHO in Columbus, OH.

Free Press Fires Back at Sinclair in Station Group’s Own Backyard

sinclair_304Free Press, the non-profit media watchdog and authors of a recent article targeting Sinclair Broadcasting is taking another shot at the media giant. This time, the organization has published an op-ed piece in The Baltimore Sun.

In the latest piece about Sinclair, which is based in nearby Hunt Valley, MD, two Free Press authors again take aim at the station group’s use of shell companies and its focus on the bottom line.

“These companies are doing everything they can to maximize profits,” said the authors. “Just last month, Sinclair fired nearly 30 employees from Seattle’s KOMO and Portland, Ore.’s KATU. This is par for the course for Sinclair, where the average number of employees per station has declined by nearly 20 percent since 2001.”

Sinclair president and CEO David Smith responded to the last Free Press article with a missive of his own titled, “Sinclair Comments on Inaccurate and Irresponsible Report Released by Free Press. Read more

Q3 Earnings: Sinclair Net Broadcast Revenues Up 35%

sinclair logoSinclair Broadcast Group reported net broadcast revenues of $303 million for the third quarter of 2013, a +34.7% increase compared to the year-ago quarter.

Net income was $36.3 million for the quarter, up from $26.2 million in the third quarter of 2012. In the non-election year, political revenues were $2.7 million, down from $27.8 million in the year-ago period. Local net broadcast revenues were up +53.3%, while national net broadcast revenues were down -7%. In terms of advertising, automotive, services, grocery, media, furniture and home products were up on a same-station basis, while telecommunications and paid programming were down.

“We are pleased with our solid third quarter results and expect to continue to grow our revenue share and provide additional value to our shareholders through our station acquisitions and the synergies and efficiencies of scale that we are creating as we continue to consolidate,” SBG president and CEO David Smith said in a statement. “…As we look ahead, we are beginning to assess other possible avenues for growth after the after the industry consolidates, including enhancing our original content offerings and distribution, the pursuit of strategic partnerships and monetizing spectrum holdings, all with the intent of creating additional value for our shareholders.”

<< PREVIOUS PAGENEXT PAGE >>