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Posts Tagged ‘Gannett’

Pew Report: Total Value of Station Acquisitions Hits 7-Year High

In the annual State of the News Media report, Pew Research Center finds local television station sales in 2013 were up 205% compared to 2012. Nearly 300 stations were sold last year for a total of $8.8 billion, a 367% increase in total value compared to the previous year.

pew report local tv acquisitions

Sinclair led the way among station groups, purchasing 63 stations in 2013. Gannett purchased Belo, adding 20 stations, and Tribune Co. acquired Local TV, expanding its portfolio by 19 stations. The total value of local television acquisitions in 2013 was the highest it has been since 2006.

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Gannett Agrees to Sell KMOV As Part of Belo Merger

gannett belo logos_304x200The Department of Justice will require Gannett Co. to sell St. Louis CBS affiliate KMOV in order to proceed with the pending acquisition of Belo Corp.

The DOJ says Gannett, Belo Corp. and Sander Media LLC, which will acquire six stations in markets where Gannett and Belo overlap as part of the merger, must “divest substantially all of the assets used in the operation of KMOV-TV in St. Louis, Missouri, which is currently owned by Belo.”

Without the divestiture, “Gannett would have gained a dominant position in broadcast television spot advertising in the St. Louis area, resulting in higher prices advertisers,” the DOJ said in a statement.

KSDK, Gannett’s NBC affiliate in St. Louis, will not be impacted by the sale of KMOV, Gannett says.

The Gannett-Belo merger remains subject to approval by the FCC. It is expected to close by the end of the year.

Q2 Earnings: Gannett Television Revenues Rise 3.6%

Gannett Co. reported $204.8 million in television revenues during the second quarter of 2013, an increase of 3.6% on the year-ago quarter.

Retransmission revenues rose 62.3%, while core advertising revenues were up 1.5%. Operating expenses in the broadcasting segment were $113.9 million, up 2.8% compared to the year-ago quarter. Gannett said the increase reflects “higher costs associated with stragetic initiatives.”

“Our long-term strategic plan — with a focus on both investment and execution — continues to position us for success well into the future. Gannett’s pending acquisition of Belo, and finding new ways to get content and offerings to the right user at the right time, are steps in our long-term strategy,” president and CEO Gracia Martore said in a statement. “We are accelerating our transformation into the ‘New Gannett’ every day.”

Gannett, DirecTV Reach Retransmission Agreement

Gannett and DirecTV have reached a new retransmission agreement, keeping Gannett’s stations on the air for DirecTV subscribers.

The two parties faced a November 30 deadline to renegotiate their carriage contract. Gannett began warning viewers of a possible service interruption on its 23 stations last week.

Financial terms of the deal, which was agreed on in the early hours of Saturday morning, were not disclosed.

Olympics, Political Ad Spending Boost Gannett TV Revenue to 38% Increase in Q3

Gannett today reported earnings figures for the third quarter of 2012 that included $233 million in television revenues, a +38.1% increase compared to the third quarter of last year.

Revenue growth was driven by $42 million in political ads and $37 million in ads related to the Summer Olympics, according to Gannett. The company also reported retransmission revenues of $22.3 million, an increase of +11.5% this quarter.

“Our TV stations leveraged top 10 ratings positions and a more locally focused sales effort to generate substantially higher Olympic spending,” Gannett president and CEO Gracia Martore said in a statement. “Through strong ratings and a great footprint, they also maximized the opportunity to attract political spending.”

Rita Andolsen Stepping Down as WKYC News Director

Rita Andolsen is leaving her news director post at WKYC to become the station’s director of advocacy and community initiatives, a newly created position.

The Plain Dealer reports that Andolsen got married earlier this year and, returning from a delayed honeymoon on Monday, she informed WKYC president and general manager Brooke Spectorasky that she wanted the new job.

“This was completely Rita’s decision,” Spectorasky told The Plain Dealer.  “This is a job that that fits her like a glove. She is so wired into the community and highly respected. She sees a real opportunity here for the station and herself. I created this position about five weeks ago, and Rita hinted then that she thought it was really cool job.” Read more

Gannett Reports 7.9% Increase in Q1 TV Revenue

Gannett today reported earnings figures for the first quarter of 2012 that included $170.9 million in television revenues, a 7.9% increase compared to the first quarter of last year.

The increase was attributed to advertising associated with the Super Bowl, as well as increased political advertising. Gannett also said retransmission revenues were 17% higher and television station digital revenues were 6.4% higher than Q1 2011.

“Our first quarter results were impacted by spending on strategic investments and advertising softness, particularly during January’s industry-wide slowdown,” Gracia Martore, Gannett’s president and CEO, said in a statement.  Read more

Study Says Online Ad Revenue Strong for Local TV

According to a new study from Borrell Associates, local television stations racked up $1.97 billion in online ad revenue in 2011, a 41 percent increase over the previous year. The study predicts an even better 2012. Broadcasting & Cable has details:

Stations are forecasted to blow past the $2 billion threshold this year. Borrell Associates forecasts $2.7 billion in local TV online revenue, a 35% increase over 2011. Borrell revealed the numbers in its new Benchmarking Local Online Media survey.

“Local TV broadcasters continue to grow online ad revenue at an impressive clip,” said the study, which singled out Gray Television and Meredith for growing revenue at a 50% rate in the last half of 2011, along with LIN, Nexstar and Gannett for their digital gains as well.

WCPO Names Lane Michaelsen News Director

Lane Michaelsen, who until recently was vice president of news at Miami’s WTVJ, has been named news director at WCPO in Cincinnati.

Michaelsen replaces longtime WCPO news director Bob Morford, who announced his plans to leave the station at the beginning of the year.

“Lane is exactly the news director this market needs right now, and we’re very pleased to have his talent and experience in our newsroom,” WCPO vice president and general manager Steve Thaxton said, announcing the hiring. “His deep understanding of journalism and the tenets of serving communities will make a major impact on our team and the Tri-State.” Read more

Gannett Highlights Boost in Non-Political Advertising

Gannett, which owns 23 stations across the country including WUSA in D.C. and KARE in Minneapolis, countered a significant drop in political advertising in the fourth quarter with an 11.3% increase in non-political revenues.

Gannett’s television revenues for the fourth quarter were $192.4 million, $27.9 million less than the $220.2 million brought in during the same period last year.

The company attributes its increase in non-political revenues to significant growth in auto advertising for the quarter.

Gannett also saw a 30.3% increase in retrans revenues, which totaled $21.4 million for the quarter. Read more

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