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Posts Tagged ‘Paul Karpowicz’

Meredith Promotes GM of Portland Station, Names Replacement

meredith logo_304x200Meredith Local Media Group has announced Patrick McCreery has been promoted to the newly created role of Local Media Group VP of News and Marketing.

“I look forward to improving the reach and quality of local news content for our station group,” said McCreery, who was promoted from VP and GM of Meredith’s FOX affiliate KPTV-KPDX in Portland, OR.

McCreery has been with KPTV-KPDX for more than 10 years and in that time has served as station manager, news director and assistant news director. He joined Meredith as special projects executive producer for KPHO in Phoenix in 2003.

Meredith also announced Andy Delaporte has been promoted from director of sales at KPTV-KPDX to VP and GM to replace McCreery. Read more

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Q1 Earnings: Meredith Local Media Group Revenue Up 14%

meredith_1Meredith Corp. reported $98 million in local media group revenues during the first quarter of 2014, a 14% increase compared to the year-ago quarter.

Operating profit was up 11% to $27 million. According to Meredith, growth “was driven by increased retransmission-related revenues and strong performance from Meredith television stations in Nashville, Phoenix and Las Vegas.” Non-political advertising and digital advertising both increased, as did operating expenses.

“We’re pleased to deliver another quarter of record operating results,” Local Media Group President Paul Karpowicz said in a statement.  “We’re excited to have KMOV in St. Louis as part of the Meredith portfolio.  KMOV’s addition – along with improving non-political advertising, growth in digital advertising and an anticipated robust political advertising cycle – point to a strong calendar 2014 for our business.”

Q4 Earnings: Meredith Revenue Drops 6%

meredith_1Meredith Corp.’s Local Media Group reported $104 million in revenue during the fourth quarter of 2013, a 6.4% drop from the year-ago quarter.

Operating profit for the quarter was $35 million, compared to $45 million in the year-ago quarter. Meredith had $25 million less of political advertising revenues than last year, which is expected in a non-election year.

“We were pleased to generate record non-political performance in the first half of fiscal 2014,” Local Media Group president Paul Karpowicz said in a statement. “We continue to consistently deliver great programming for our viewers and outstanding results at retail for our advertising clients.”

Q3 Earnings: Meredith Local Media Group Revenue Up 3%

meredith_1Total revenues for Meredith Corporation’s Local Media Group grew +3% to $90 million in the third quarter of 2013. Non-political advertising revenues were up +3% to $64 million led by strong performance from KPHO in Phoenix, KCTV in Kansas City and KPTV in Portland, Ore.

Operating profit was $26 million, down $2 million from the year-ago quarter. Meredith reported $12 million less of political advertising revenue in Q3 2013 than in Q3 2012. Other revenues and operating expenses both increased because of growth in retransmission revenues and programming fees.

“Our record revenue performance – achieved in a non-political quarter – speaks to the fundamental strength of our television broadcasting business,” Meredith Local Media Group president Paul Karpowicz said in a statement.  “We continue to engage viewers and successfully monetize the strength of our audience.”

Meredith Supports Ratings Based on Time Shifted Viewing

Meredith Corporation has joined the growing list of broadcasters who support the TVB analysis that Local Live + Same Day ratings are the most representative of the actual viewing audience.

“For an industry that’s ready to shift its attention to capturing all the impressions that are being accumulated on cross-platform devices, we need to first accept that time-shifting on television – the primary viewing device – is integral to how local viewing is done today,” said Paul Karpowicz, president, Meredith Local Media Group. “Without accounting for time shifting, we are leaving a significant number of impressions unaccounted for our advertisers, and that shortfall will only increase as the industry adds more time-shifting to the ratings standard.”

According to TVB in its July 2013 analysis, Live + Same Day ratings for the last broadcast season were within 5% of the national C3 ratings while Live Only ratings were 16% below C3.

ABC, CBS, NBC and Tribune so far have all issued press releases in support of TVB’s position on Live + Same Day Ratings.

Q2 Earnings: Meredith Local Media Group Revenues Rise 9%

Meredith Local Media Group reported $92 million in revenue in the second quarter of 2013, up 9% from the year-ago quarter.

Operating profit for the quarter rose to $28 million, “as higher retransmission-related revenues were partially offset by higher programming fees paid to affiliated networks, and $3 million less of political advertising revenues,” according to the company.

In fiscal 2103, Local Media Group revenues rose 19% to a record high of $376 million. Operating profit was also a record high $124 million, a 41% increase on the year-ago quarter. Non-political advertising revenues declined slightly, but automotive, furnishings and media categories all improved. The company also reported $39 million in political revenues, another record for Meredith.

“Our record financial performance speaks to the fundamental strength of our television broadcasting business,” Local Media Group president Paul Karpowicz said in a statement. “We continue to engage viewers with compelling content across media platforms to position ourselves for ongoing growth.”

Meredith Local Media Revenue Up 10% in Q1

Revenues for Meredith’s Local Media Group rose 10 percent to $85 million in the first quarter of 2013. Operating profit was $24 million compared to $23 million during the year-ago quarter.

“We’re pleased to have delivered another quarter of revenue and operating profit growth,” said Local Media Group president Paul Karpowicz said in a statement.

Non-political advertising revenues were $66 million, a slight decrease on the prior-year period. Political revenues were also down, as is expected in a non-election year. Growth was strong in the automotive, retail and furnishings categories. The company also reported an increase in other revenues and operating expenses due to growth in retransmission revenues.

Meredith Local Media Sees Record Profits

Meredith Corporation’s Local Media Group has announced record growth in revenue and operating profit for the second quarter and first half of fiscal 2013.

For the first six months of fiscal 2013, revenue for the company’s local media group rose nearly 30 percent to $198 million while operating profit rose nearly 90 percent to $72 million.

>RELATED, mediabistroTV: Cubes Tours Meredith’s “Better” Studios

“We continued to excel at our goal of delivering compelling content to viewers across broadcast, digital and mobile media platforms,” said Local Media Group president Paul Karpowicz.  “At the same time, we did a great job monetizing the strength of our audience, as local over-the-air television once again demonstrated its unique ability to build brands and deliver unmatched results for advertising clients.” Read more

Meredith Announces New GMs in Las Vegas and Kansas City

Meredith Local Media Group has announced changes to the general manager position at two of its stations.

Darrin McDonald will move from vice president and general manager of Las Vegas Fox affiliate KVVU to vice president and general manager of the Kansas City duopoly KCTV-KSMO.  Taking McDonald’s place in Las Vegas will be Todd Brown, who was promoted from general sales manager at KVVU.  McDonald fills the vacancy left by the departure of Robert Totsch in October.

“Darrin has been a great leader at KVVU and will use his skills and expertise to build upon our presence in the Kansas City market,” said Paul Karpowicz, president of the Local Media Group.  “Todd is well poised to be successful as he steps into his new role at KVVU, and will be an asset to our group’s leadership team.” Read more

Meredith Reports 26% Increase in Local Revenue

Meredith Corporation reported a +26% increase in local media group revenues for the fiscal first quarter of 2013, the company announced Thursday.

Net political advertising revenues were $12 million, a record high for a fiscal first quarter. Non-political advertising revenues increased +5%. All of Meredith’s markets grew in both revenues and operating profit.

“We are focused on keeping the momentum going in non-political advertising revenues, along with maximizing our political advertising opportunity this election cycle,” Local Media Group president Paul Karpowicz said in  a statement. Read more

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