Quarterly report
News Corp. TV Revenue Up 11%
TVNewsCheck,
Feb 8, 2012, 4:36 PM EST
That includes both the Fox network and TV stations. The gains were driven by network ad revenue and a greater than 100% increase in retransmission consent revenues.
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quarterly reports
Cable TV, Movies Help Lift Time Warner Revenue
New York Times,
Feb 8, 2012, 3:25 PM EST
dma 60
WPMI Mobile GM Bob Dunn Dies Suddenly
TVNewsCheck,
Feb 8, 2012, 2:40 PM EST
The GM of the Newport Television-owned NBC affiliate, who joined the station last spring, died suddenly late Tuesday afternoon.
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Earnings call
Sinclair’s Smith Not Worried About Auctions
TVNewsCheck,
Feb 8, 2012, 12:38 PM EST
CEO David Smith says: “There’s a fundamental disagreement between the Democrats and Republicans” over spectrum auction legislation and he sees no action likely in three-to-five years. He and other execs at the company say this year is shaping up to be a record on-year for political revenues at Sinclair and they have great expectations for the role super PACs will play.
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Quarterly report
Sinclair 4Q Local Core Up 13.3%
TVNewsCheck,
Feb 8, 2012, 8:49 AM EST
Excluding political, local revenue rose 13.3%, while national dropped 7.4%. Automotive, grocery and medical were the leading ad categories.
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Rentrak Signs Interpublic To 'Milestone' Deal
MediaPost,
Feb 8, 2012, 6:07 AM EST
Rentrak revealed Tuesday what it described as a “milestone” deal with Interpublic that would use its TV audience measurement data as a “trading currency.” The deal, which was unveiled as part of Rentrak’s quarterly earnings briefing with investors and analysts, includes a new TV audience segmentation system targeting “movie-goers."
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U.S. Looking Into Murdoch Foreign Payments
Reuters,
Feb 7, 2012, 7:34 PM EST
U.S. authorities are stepping up investigations, including an FBI criminal inquiry, into possible violations by employees of Rupert Murdoch's media empire of a U.S. law banning corrupt payments to foreign officials such as police, law enforcement and corporate sources say.
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closing bell
Dow Finishes Up 33, Nasdaq Picks Up 2
Associated Press,
Feb 7, 2012, 5:40 PM EST
Stock indexes rose Tuesday after a report that Greece and the investors who bought its government bonds were close to a deal to reduce what Greece owes. Greece's crushing debt has unnerved financial markets around the world for two years. Full Story
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Quarterly report
Disney Posts 7% Broadcast Revenue Drop
TVNewsCheck,
Feb 7, 2012, 5:05 PM EST
The decrease is attributed to lower political advertising revenues at its O&Os and higher marketing costs, partially offset by lower programming and production costs due to the absence of the
Oprah Winfrey Show at the owned stations.
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Journal Names Andre Fernandez President
TVNewsCheck,
Feb 7, 2012, 2:39 PM EST
He succeeds Steven J. Smith as president and retains his CFO title; Smith remains chairman-CEO.
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Quarterly report
Belo Reports 4Q Core Revenue Up 3%
TVNewsCheck,
Feb 7, 2012, 8:37 AM EST
The broadcaster was aided by a strong automotive category along with double-digit gains in combined retrans and Internet revenue.
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MGM Adds $500 Million Credit Facility
Hollywood Reporter,
Feb 7, 2012, 6:21 AM EST
Officially ending its bankruptcy, the new management at Metro-Goldwyn-Mayer has closed a $500 million revolving credit facility that will be used to retire debt and to develop the film and TV businesses.
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dma 115
Bob Simone Named GM Of WLNS Lansing
MediaBistro,
Feb 7, 2012, 6:10 AM EST
Last week it was announced that
Bob Simone was leaving his general manager post at Tucson’s KMSB amid the aftermath of the station’s shared services agreement with KOLD. Now, Simone has been named VP-GM of WLNS, Young Broadcasting’s CBS affiliate in Lansing, Mich.
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closing bell
Dow Gives Back 17, Nasdaq Falls 4
Associated Press,
Feb 6, 2012, 5:04 PM EST
Stocks slipped Monday as talks on Greek cost-cutting continued. Greece is hoping the European Central Bank, the International Monetary Fund and the European Commission will release a second installment of $170 billion in loans. Without that money, Greece will likely default when a bond repayment comes due March 20.
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Executive Session
Record Political Ad Boom Looms, But ...
TVNewsCheck,
Feb 6, 2012, 8:33 AM EST
TVB’s political ad guru Jack Poor says there’s good news and bad news for TV stations in this election year. The good news is that their four-fifths share of total TV spend will be up 20% to around a record $2.5 billion, and no other medium seems positioned to cut into stations' share. The bad news is that the total take will be suppressed due to the lack of any major gubernatorial contest that swelled the coffers in 2010.
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OWN's 'Rosie Show' Cuts 30 Employees
Chicago Sun-Times,
Feb 6, 2012, 7:00 AM EST
closing bell
Dow Climbs 157, Nasdaq Finishes Up 46
Associated Press,
Feb 3, 2012, 5:08 PM EST
Before the market opened Friday, the Labor Department said the economy added 243,000 jobs in January. It was the strongest job growth in nine months. The increase in hiring pushed the unemployment rate down to 8.3%, the lowest since February 2009. The surprising data gave financial markets a morning jolt that lasted throughout the trading day.
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dma 25
WTVI Charlotte In Merger Talks With College
Charlotte Observer,
Feb 3, 2012, 12:42 PM EST
Charlotte, N.C.'s struggling public TV station and Central Piedmont Community College are in preliminary talks about joining forces to keep WTVI on the air. Last year, the station — whose financial condition has turned perilous since the recession began to grip Charlotte in 2008 — ran a deficit of about $300,000. Fundraising is lagging by a couple hundred thousand dollars at the midpoint of this fiscal year, WTVI President Elsie Garner said Wednesday.
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