|
TV News ®
|
|
Nexstar Q2 revenues up $6M
Nexstar broadcasting Group's net revenue in Q2 grew 10.8% to $61.2M from $55.2M last year. Excluding political advertising, net revenue for Q2 increased 6.0% to $56.9M. Net revenue for the year so far grew 12.6% to $115.4M from $102.4M in 2003. Excluding political ad revenue, net revenue in the first six months of the year rose 7.0% to $107.7M. The second quarters of 2004 and 2003 include political advertising revenue of $4.3M and $1.5M, respectively. The increase in political ad revenue reflects increases at Nexstar's TV stations in Illinois, Pennsylvania, Missouri, Arkansas and Louisiana.
| More... |
Nexstar CEO Sook says
JSA NPRM is a long shot
A major issue facing TV broadcasters was also addressed at the Nexstar conference call: The FCC's Notice of Proposed Rulemaking on TV station JSAs. Said CEO Perry Sook: "We feel this is the start of a process. And with changes in the Commissioner ranks at the FCC, we think regardless of the outcome of the election we think this process will take a substantial amount of time to play out-perhaps years. And, it's hard to predict the likely outcome from a regulatory body whose very composition may change meaningfully before the issue is resolved. We think this new NPRM is inextricably intertwined with the FCC's current ownership proceeding, as well as tied into the proceeding on broadcast localism." Sook reminded the conference call attendees that Nexstar has a Petition for Reconsideration on file at the FCC in the Ownership Proceeding-one of many-and feels that the Ownership Proceeding and those issues will have to be dealt with before the FCC can address the issue of JSA. Furthermore, Sook said, "We believe there are substantive differences between TV and radio JSAs and that in our markets there is substantial public benefit created through our JSA and local service agreements."
TVB:
cable penetration drops, satellite rises
The Television Bureau of Advertising announced Nielsen figures showing a nine-year low in cable penetration thanks to the growth of alternative delivery systems (ADS), which are mostly satellite DBS. According to Nielsen NTI data, national ADS penetration reached 18.9% in July 2004, up from 16.9% in July 2003. DBS delivery is now estimated at 18.0%, up from 15.8% in July 2003. Over the same period, wired cable penetration fell from 67.9% to 66.9% - the last time wired cable was that low was in March 1995. "Advertisers who buy cable locally need to know that local wired cable systems' ability to deliver commercials continues to erode. In fact, 26 markets now have ADS penetration of 30% or more," said Susan Cuccinello, SVP/Research, TVB. "Local cable commercials are not seen in ADS homes, and so local advertisers need to deduct the ADS percentage of the audience if they are included in the cable systems' submissions." The leading markets for ADS penetration in the top 50 DMAs, DMAs ranked 51-100, and DMAs 101 and higher, according to July 2004 Nielsen Media Research/NSI data. | List |
|
|
|
FCC puts the cattle-prod to DTV process
The FCC has taken several steps toward bringing the conversion to digital television to a conclusion. All of them are aimed squarely at broadcasters. First and foremost are steps to finalize the eventual dial position of each licensee's digital station as broadcasters turn in their analog licenses. A remaining sticking point is a huge one: No mention of cable carriage requirements yet. Here, direct from the FCC, is the scoop:
| More... |
Granite goes over the counter
Nasdaq has officially delisted the stock of television operator Granite Broadcasting Corp. The decision was announced this week after a 6/17/04 hearing on the topic before the Nasdaq Listing Qualifications Panel. Granite immediately flipped to the Over the Counter Bulletin Board (OTCBB), and trading there will begin on opening of business today (8/5/04). OTCBB provides real-time quotes, last-sale price and volume info for several thousand securities.
A spot is a spot is a spot
Cox Radio President/CEO Robert Neil discussed many of the hottest issues facing big radio groups today in his quarterly confab with Wall Streeters. On the Clear Channel diet: He applauded the giant's decision to limit spotloads to 10-12 units per hour, a level he said Cox has maintained for years, saying it had to help everyone in the business hold rates. However, he strongly questioned the proposed move to 30-second spots. "I'm a little confused about that," he said. Editor's note: All should take a note. How does Cox stay on a spot load diet? You fudge with the company's spot level dictates you'd best have your resume in order. | More... |
|
|
|
|
|
Conference Calls, Q2 2004
|
|
Cox Radio drags through Q2
The roulette wheel of market trends was not kind to Cox Radio during Q2, preventing the company from enjoying the same growth patterns seen at other broadcast groups this year. Still, its 1.4% gain in net revenue was written in black ink. The results under the heading station operating income were considerably better, coming in at 5.9%. And as President/CEO Robert Neil said, "We were also able to deliver strong bottom-line performance with EPS growth of 11% and free cash flow growth of 15%. An analyst was told that the spin of the "roulette wheel," in terms of the ups and downs of far-flung markets just happened to conspire against the bottom line of Cox this particular quarter. San Antonio was singled out. Breaking the 1.4% gain down, CFO Neil Johnston said that local revenue was up 2%, national was down 3% and other streams were up 20%. The other streams are primarily NTR and Internet, which split the category on a 70/30 basis.
|
|
|
|
|
|
Jon Mandel upped to Chairman
of MediaCom; he comments
Jon Mandel, Grey Global Group's Mediacom Global Buying Officer/Co-CEO, has been upped to a new position that makes him both Chairman/MediaCom US and Chief Global Buying Officer at MediaCom Worldwide. Grey/MediaCom also announced the promotion of MediaCom US's co-CEO, Dene Callas, to sole CEO of the media agency. Mandel tells RBR/TVBR: "I think the important thing is it gives me time to do what I do best for clients, and it gives Dene and I each the authority and the time to do what we do best. We're still buying and planning together. We're still a team, we still run things together. But it's a clearer delineation of how we do things."
NPLC wants to derail Subway Euro campaign
The National Legal and Policy Center is incensed. An advertising campaign is under way in Europe, and it wants the Defense Department, the Senate and the House of Representatives to do something about it. It seems that over in Europe, sandwich-maker Subway is advertising an image of the Statue of Liberty holding a burger and fries, with headlines asking "Why are American so Fat?" "Subway has undertaken a cynical campaign to bash Americans and our national symbols abroad, just to increase market share," said NLPC's Ken Boehm. TVBR observation: Be careful, those of you who make your living on the airwaves. Recording devices are everywhere, and nowhere is safe. Make a questionable remark about leprechauns in Pago Pago and you may well read about it in the US press the next day.
Tysons launching $75M effort
Tyson Foods will unveil a year-long, $75M effort 8/30 to position chicken, beef and pork as a healthy source of protein. "Powered by Tyson" includes TV, radio, print, online and promotions. Creative is handled by Arnold Worldwide, Boston. African American and Hispanic is handled by E. Morris Communications Chicago, and Lopez Negrete Communications, Houston. The effort features "a humorous, tongue-in-cheek approach, showing people doing things a little better than others, all because they are 'Powered by Tyson,'" according to Tyson CMO Bob Corscadden.
|
 |
|
|
Media, Markets & Money tm
|
DirecTV buys out Pegasus
Ending a dispute that's been dragging on for some time, satellite telecaster DirecTV is buying the portion of the business of Pegasus Satellite Television that deals with: DirecTV. Assets and subscriber rights will go to DirecTV (the one in which News Corp. just acquired a stake) for $875M. An earlier judgment in fawvor of DirecTV, when factored in, brings the total value of the deal to $938M. Pegasus is in Chapter 11, and the transaction has been approved by a creditor's committee. The principals hope that a bankruptcy court in Maine will follow suit in four to six weeks.
EAS under new scrutiny
The FCC is looking at fixing the much-maligned Emergency Alert System (EAS). And it wants your help. You'll be joining an effort which already includes the Department of Homeland Security and its component, FEMA and the Department of Commerce and its component, the National Oceanic and Atmospheric Administration's National Weather Service. The effort is being undertaken in part based on advice from the Media Security and Reliability Council. and the Partnership for Public Warning.
|
|
|
|
|
Washington Beat
|
Fine time on the Mexican - whoa-oh - radio
Jaime Bonilla's Pacific Spanish Network (PSN) was providing programming via the Internet from Chula Vista CA to XEKTT-AM across the border in Mexico - - with the FCC's blessings - - when the Mexican station was operating on 550 kHz. However, XEKTT made an unauthorized switch to 560 kHz, thereby beginning to interfere with US stations. It also exited compliance with the terms of PSN's foreign broadcast authority, and PSN should have ended the relationship then and there. Although it ended the arrangement eventually, it wasn't fast enough to avoid an assessment of $20K from the Enforcement Bureau. At that, maybe PSN was lucky - - the FCC said it could have gone as high as $87.5K.
|
 |
|
|
Stock Talk
|
|
TV stocks take a hit for the day
TV stocks were mostly down yesterday, with a handful close to $1 or over. Washington Post was the big winner, gaining $9.00. Granite's official NASDAQ delisting announcement for today had virtually no effect at all.
|
|
|
TV Stocks
|
Here's how stocks fared on Wednesday
| Company |
Symbol |
Close |
Change |
Company |
Symbol |
Close |
Change |
|
Acme
|
ACME
|
$6.28
|
-$0.02
|
McGraw-Hill
|
MHP
|
$75.63
|
-$0.51
|
|
Belo
|
BLC
|
$23.54
|
-$0.15
|
Media General
|
MEG
|
$59.25
|
-$0.98
|
|
Clear Channel
|
CCU
|
$36.90
|
unch
|
Meredith
|
MDP
|
$52.05
|
-$0.89
|
|
Disney
|
DIS
|
$22.47
|
-$0.30
|
News Corp.
|
NWS
|
$32.83 |
-$1.52
|
|
Emmis
|
EMMS
|
$20.19
|
+$0.20
|
Nexstar
|
NXST
|
$9.00
|
-$0.25
|
|
Entravision
|
EVC
|
$7.19
|
-$0.12
|
NY Times
|
NYT
|
$41.59
|
-$0.22
|
|
Fisher
|
FSCI
|
$48.71
|
-$0.39
|
Paxson
|
PAX
|
$2.93
|
+$0.05
|
|
Fox
|
FOX
|
$26.26
|
-$0.64
|
Saga Commun.
|
SGA
|
$17.98
|
+$0.13
|
|
Gannett
|
GCI
|
$83.56
|
-$0.50
|
Scripps
|
SSP
|
$102.82
|
-$0.93
|
|
Gen. Electric
|
GE
|
$32.87
|
unch
|
Sinclair
|
SBGI
|
$9.89
|
+$0.07
|
|
Granite
|
GBTVK
|
$0.67
|
+$0.01
|
Time Warner
|
TWX
|
$16.88
|
-$0.03
|
|
Gray
|
GTN
|
$11.62
|
-$0.17
|
Tribune
|
TRB
|
$42.01
|
-$0.24
|
|
Gray, C1. A
|
GTNa
|
$10.92
|
-$0.08
|
Univision
|
UVN
|
$29.71
|
-$0.34
|
|
Hearst-Argyle
|
HTV
|
$23.62
|
-$0.03
|
Viacom, Cl. A
|
VIA
|
$34.53
|
+$0.05
|
|
Jeff-Pilot
|
JP
|
$48.85
|
-$0.03
|
Viacom, Cl. B
|
VIAb
|
$34.00
|
+$0.01
|
|
Journal Comm.
|
JRN
|
$16.65
|
-$0.50
|
Wash. Post
|
WPO
|
$875.00
|
+$9.00
|
|
Liberty Corp
|
LC
|
$42.86
|
-$0.94
|
Young
|
YBTVA
|
$10.66
|
-$0.27 |
|
LIN TV
|
TVL
|
$19.40
|
-$0.08
|
- |
- |
- |
- |
|
|
Have a news story you'd like to share? tvnews@rbr.com
|
|
TVBR Audiocast
|
08/05 - Get the feel of what you are scrolling down and reading... Listen to this morning's AudioCast and
Hold On To Your Hair!

Listen Now
with Bob DeCarlo'
"In Da Morning"
|
|
|
Bounceback
|
We want to hear from you.
This is your column, so send your comments to tvnews@rbr.com
|
|
|
July Digital Magazine
|
Complimentary Report
Sports - Summer NFL training camp, Baseball, NBA draft just hit and what you need to succeed:
Programming - Sells with NTR - What works and what doesn't

Read RBR in 2 simple steps:
1.Create a simple account with Zinio and download the free Zinio Reader.
2. You can then download the free July Issue of RBR

|
|
|
TVBR Radar 2004
|
|
Click on these issues for TV News you won't read any where else. TVBR--First, Accurate, and Independently Owned.
TV/DTV allotment requests on ice
The FCC is putting a freeze on all requests to make allotment and/or service area changes to existing analog and/or digital television stations. It goes into effect immediately and will stay in effect until further notice. The action is being taken to further the DTV transition. TVBR observation: Annoyed? Wanna comment? Forget it. The FCC explains that, too, saying that "...this freeze is procedural in nature and therefore the freeze is not subject to the notice and comment and effective date requirements..." most such dictates require.
08/04/04 TVBR #151
Another FCC light bulb idea
May see light as the commission is thinking of dimming the light on Joint Sales Rules (JSA) on the TV side. Big area of concern here but few years away. TVBR observation: When was the last time - first time - any FCC commissioner hit the streets at 8:30am and sold a spot in any competitive environment? Answer? Idle hands in an election year - you know the saying. 08/04/04 TVBR #151
RBR Closer Look
The Number two radio group in size
Cumulus Media and their CEO Lew Dickey went under the RBR microscope from - Survived "the perfect storm" - - Confluence of disparate events, all of which conspired to inflict particular damage on the radio image. - Not part of the spot clutter problem and welcomed Clear Channel's upcoming spot diet, - Somewhat-embattled ratings giant Arbitron a vote of confidence.
RBR observation: See the total report. 08/04/04 RBR #151
TVBR Closer Look
Winds of Naples, FL
Bending the Palm Trees
Hurricane season doesn't officially end until Nov. 30th. but they are coming; just wait. Key forecaster Bob Coen from Universal-McCann media revenue forecast sees these storms for the balance of 2004. This is just the short term picture. We have heard many new buzz words and phrases hanging around: Spot Load Diet, Forward Guidance ending, Weekly Pacing canned, Reality Show is charted to pace your individual station(s) by to hit your budget compliance. 08/03/04 TVBR #150
Veronis Suhler takes stock of communications
Has dusted off its crystal ball, and sees a turnaround in communications and advertising businesses which should carry forth into 2008. TVBR observation: Does this mean we can all just sit back, try not to screw up and watch the money roll in?
08/03/04 TVBR #150
Veronis Suhler Stevenson
sees radio growth returning
Defend and remain convinced that radio is going to return to its normal pattern of 6%+ growth. The question is when? At this point, it appears that the VSS forecast out today of 6.7% growth for 2004 is extremely bullish. TVBR observation: Again, no forward pacing so for your guidance we suggest you print the chart attached inside. 08/02/04 TVBR #149
Concentrating on men
Reaching men included a great chart ranking programming elements of both radio and television side-by-side in terms of their ability to find high concentrations of men, without wasting impressions on women, if that is germane to your particular advertising campaign. In general, a number of radio formats do a better job than any television format in delivering a high concentration of men. TVBR observation: When viewing the TV list this is a place for cross marketing and if radio markets on TV then it seems logical to buy that 15 or 30 second promo spot for your morning drive on Leno or Letterman plus don't forget cable and guys like Dennis Miller etc. View this as a good research programming tool. 08/02/04 TVBR #149
Who gets the FCC FINE?
Well, the 'F' word slipped out plus others choice phrases from the mouth of DNC Don Misher when all was happy except the balloons didn't fall as planned. Misher caught on-air by CNN saying: We need balloons... I want all balloons, 'God---' no balloons. Then the slip of that great 'Fudge' word - just over a few crummy balloons. TVBR observation: Who does FCC fine? The balloon maker, the balloon blower upper, the balloon cord puller, Misher, the DNC, John Kerry since those balloons were for him, or CNN? Na on CNN that is cable. Ah, what the 'Fudge', nobody cares. It was a slip of the, ahhh, tongue. 07/30/04 TVBR #148
|
|
|
 |
TV editor
Do you know the business of television? While other trade publications are cutting back, we're growing. Television Business Report (TVBR) is the hottest new electronic daily, backed by over 21 years of success at Radio Business Report. If you know who's who and what's what in TV & Cable, send resumes to CJCarnegie@rbr.com |
|
|