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Posts Tagged ‘CBS’

CBS Station Revenue up 2% as Company Reports 80% Profit Increase Thanks to Retrans Fees

As CBS stations saw a slight increase in revenue for 2012′s first quarter, the company drew huge profits during the period thanks in part to an increase in revenue from carriage agreements.

CBS today reported an 80% increase in profit for the first quarter, which analysts attribute to the $60 million in retrans fees the company received from cable systems, nearly double the amount it received during the same period last year.  Not only did CBS receive a ton of carriage money from cable systems,  it also received a significantly bigger cut of the retrans fees its affiliates earn from cable providers.

Meanwhile, revenue at the CBS station group rose 2% during the first quarter. Read more

Dallas Lawyer Sues KTVT-KTXA After His Daytime Show Fails to Provide Business Leads

Dallas personal injury attorney Thomas Corea is suing KTVT-KTXA, as well as CBS, the stations’ owner, because he was unable to generate a satisfactory amount of business leads from his daytime call-in show.

Courthouse News reports that Corea was paying $2,750 to run each 30-minute episode of “Ask the Lawyer with Tom Corea,” which aired Tuesdays and Thursdays at noon on KTXA.  The lawsuit alleges that after a run of initial success last summer, during which the show reportedly had higher ratings than the midday news, KTVT-KTXA failed to adequately promote the program and also failed to transfer a majority of phone calls to the show over to Corea’s call center. Read more

CBS Stations Register 18% Dip in Fourth Quarter

CBS Corporation reported fourth quarter and full-year financial results for 2011 this week, announcing $721 million in revenue for its local broadcasting unit during the final three months of the year–$100 million less than the division brought in during the same period in 2010.

CBS Television Stations fourth quarter revenues decreased 18%, a dip the company attributes to lower political sales as well as lost revenues suffered from the NBA lockout.

For the full-year, CBS’s stations saw a 7% decrease in revenue.  While CBS’s entire local broadcasting unit registered a 3% drop in revenue for 2011, the company’s TV stations couldn’t quite compete with the figures from 2010, a year that included the Super Bowl on CBS as well as significant political advertising sales.

WFSB Remembers Famous Alum Gayle King

WFSB took a look back at Gayle King‘s tenure at the station this weekend, honoring the former Connecticut anchor as she prepares to take over CBS’s revamped morning show.

“Even though it has been a dozen years since Gayle left the big 3, she remains in the hearts of many of us here, and definitely in the hearts of viewers across our state,” WFSB’s Dennis House, who anchored alongside King in the 90s, wrote on his blog.

King worked at WFSB, a CBS-affiliate, from 1981 to 1999. The station dug through the archives for a segment that aired during House’s Sunday morning show, “Face the State.” Video inside… Read more

CBS Station Revenue Dips 6% But Company Sees a ‘Stable Marketplace’

While CBS Corporation boasted revenues of $3.37 billion for the third quarter, the company’s local TV stations reported a 6% drop in revenue for the period compared to last year.

CBS is attributing the decrease in station revenue to a lack of political advertising during the quarter, compared to Q3 2010.

Excluding political advertising, revenue was up slightly for the quarter as CBS stations saw increases in retrans revenue as well as improvement in key advertising categories such as financial services and domestic auto.

“We continue to see a stable marketplace,” CBS CFO Joseph Ianniello said, “and based on current pacing date, we expect to see non-political TV station revenue to be up low single digits, with the CBS TV stations doing even better than that.”

Alycia Lane’s Civil Case Against Larry Mendte, CBS to Be Tried in Philadelphia

Despite the best efforts of CBS’s legal team, it appears that the trial of Alycia Lane‘s civil suit against Larry Mendte and CBS will remain in Philadelphia.

According to the Philadelphia Daily News, the Pennsylvania state supreme court has ruled that the trial will remain in the city where Lane worked alongside Mendte on the KYW anchor desk.  The ruling is a victory for Lane, whose legal team has been fighting to keep the trial in Philly while CBS has attempted to move the proceedings to New York, citing a clause in Lane’s contract that stipulates such a move. Read more

CBS Names David Wisnia EVP of Affiliate Relations

David Wisnia has been hired as the executive vice president of affiliate relations for CBS. The former News Corp. executive will start on August 15.

“David is that rare executive who brings sales, distribution and marketing experience along with a strong legal background,” Diana Wilkin, CBS’s president of affiliate relations, said. “He is someone who understands the nuances of the network-affiliate model, and the value of CBS programming to our many stations.”

Wisnia was a senior vice president of distribution and marketing at Star TV, News Corp.’s Asian Television Service. Prior to that, he was a vice president for business and legal affairs at Fox Cable Networks.

CBS Stations See 1% Boost in First Quarter

CBS reported financial results for the first quarter today and the company’s local broadcasting division brought in $621 million, 2% more than the same period last year.

CBS television stations (the local broadcasting unit includes radio as well TV) saw revenues increase 1% in the quarter, compared to 2010.

CBS, which owns 27 TV stations across the country, said that the first quarter boost was “primarily driven by higher advertising sales and higher retransmission revenues.”

Even though CBS stations enjoyed the benefit of the network’s Super Bowl broadcast last year, they were able to bring in more revenue for the first quarter based on growth in key advertising categories, including automotive as well as travel and leisure.

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