McNamara had been the station’s general manager since 2006. KHON, previously owned by New Vision Television, was purchased in May by LIN Media.
Posts Tagged ‘LIN Media’
Kingsfield told the Dayton Daily News that she was “abruptly” let go last week, with the LIN-owned station failing to offer a reason for her dismissal.
An Indiana native, Buchman has been with WISH since 2001. According to multiple sources, she is set to depart the LIN Media flagship for a job at WTHR, the market’s #1 station.
Neither of the stations are willing to talk about the move and Buchman has not responded to TVSpy’s emails.
LIN Media, which operates or services 32 network affiliates around the country, today reported a 15% increase in revenue for the first quarter, compared to the same period last year.
LIN TV stations brought in $103.2 million in net revenue during the first three months of the year, compared to $89.7 million during last year’s first quarter. Local revenue increased 16% to $67.7 million, and national revenue was up 4% to $23.1 million.
“2012 is off to a great start as a result of strong first quarter results and revenue increases in all areas of our business,” LIN president and CEO Vincent Sadusky said, announcing his company’s financial results. Read more
WLUK, the LIN Media-owned Fox-affiliate in Green Bay, debuted a new, HD-optimized set this week (video above).
“For over a year now we have been planning and building out for presenting news and weather in high definition,” WLUK president and general manager Jay Zollar explained, as the station unveiled its new set. “Our goal has been to have a visually appealing newscast but also to construct a studio that provides for lots of flexibility and supports our commitment to providing the best local content, balanced news and severe weather coverage.”
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.
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.
LIN Media, which owns network affiliates in 15 markets across the country, today reported financial results for the fourth quarter, as well as the full year, of 2011.
Like most station groups, LIN experienced a sharp drop in political advertising. Net political revenues for the fourth quarter were $3 million, compared to $23.8 million for the same period the previous year. The dip in political advertising led to an 8% decrease in total revenue for the fourth quarter.
Outside of political advertising, the company saw some significant gains. Local revenue, which includes local advertising, retrans fees, and website revenue, was up 12% for the fourth quarter. Read more
LIN Media and Cox Communications reached a new retrans agreement on Wednesday, avoiding a blackout of LIN stations in Rhode Island, Massachusetts, Connecticut, Virginia, and Alabama.
The previous retrans deal was set to expire at midnight on Wednesday.
“We are pleased to inform you that we have reached a contract with Cox,” LIN announced in a statement posted on the websites of stations affected by the negotiations. “We appreciate your tremendous support throughout these negotiations.” Read more
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