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November 27, 2005

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Comments

Ross

heh.

Josh

You left out the Washington Post Company (WPO) which also owns some TV stations, I believe- and is down approx. 30% YOY.

LB

Chris,

I wonder what accounts for the apparently trend-bucking performance of Sinclair (and to a lesser extent Emmis)? Is it due to other profitable assets masking the performance of the TV assets? Or have they found a formula different than the other companies for keeping TV profitable?

Conversely, to what extent do you feel that poor newspaper performance figures into the overall bad numbers for NYT and GCI?

While I agree that this points to some trouble for TV station owners, it would be fascinating to see a more comprehensive assessment of this.

Cheers!

Laurence Simon

Belo's Houston and Dallas stations are still unstable from News Director changes, affecting ratings, and thus probably affecting revenues severely.

richard lander

chris - just look at what is happening in uk commercial radio ...

Private equity groups are circling GCap, the radio group born out of the merger of Capital and GWR, after analysts described a recovery programme unveiled by chief executive Ralph Bernard as tantamount to 'commercial suicide'.

Following a string of profits warnings since the merger was announced six months ago, Bernard said last week that he was cutting the number of advertising slots in order to bring back listeners and obtain more money for fewer adverts.

barmy? desperate? both? go figure - full story at
http://observer.guardian.co.uk/business/story/0,6903,1651417,00.html

_Jon

Yeah, it's interesting to see the decent performance of Sinclair given their behavior during the elections. It would be worth looking into their numbers to see what their holds / profit centers are....

Brian

I was wondering who the poor bastards at Young were, the ones who dropped 80 percent. It seems they own television stations:

"As of May 6, 2005, it owned 10 network affiliated stations, of which 5 stations were affiliated with the ABC Television Network, 3 with the CBS Television Network, and 1 with the NBC Television Network, as well as operated an independent station. The company’s stations include WKRN-TV in Nashville, Tennessee; WTEN-TV in Albany, New York; WRIC-TV in Richmond, Virginia; WATE-TV in Knoxville, Tennessee; WBAY-TV in Green Bay, Wisconsin; WLNS-TV in Lansing, Michigan; KLFY-TV in Lafayette, Louisiana; KELO-TV in Sioux Falls, South Dakota; KWQC-TV in Davenport, Iowa; and the independent station, KRON-TV in San Francisco, California."

I guess buying network television stations in the Red States isn't the sure-fire investment I thought it was. Who knew!

The CEO still payed himself two and a quarter million.

Jon Lester

I'm looking forward to better TV from whoever takes over these assets.

Old Grouch

Back in May Emmis announced that they were moving out of the television business. They sold nine stations in August and another four stations in September, which leaves them with only three, including one in New Orleans.

Dennis Haarsager

The companies listed are largely diversified old media companies. Other properties (e.g., newspapers) are also impacting stock prices, and possibly more than television broadcasting. I think your later post on The Long Tail of Time about multiple underlying factors also applies here. I've posted about this on my weblog: http://technology360.typepad.com/technology360/2005/12/a_stock_picture.html

Dennis Haarsager

The companies listed are largely diversified old media companies. Other properties (e.g., newspapers) are also impacting stock prices, and possibly more than television broadcasting. I think your later post on The Long Tail of Time about multiple underlying factors also applies here. I've posted about this on my weblog: http://technology360.typepad.com/technology360/2005/12/a_stock_picture.html

NJCher

Jon says: it's interesting to see the decent performance of Sinclair given their behavior during the elections.
---------

I recall they had been trending downward in November 2004.

They intended to show an anti-Kerry film immediately before the elections. There was enormous protest against it. They still showed it, but in an edited version.

My point is that if they are rebounding, they are rebounding from what was a very low point.

NJCher

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television broadcasting. I think your later post on The Long Tail of Time about multiple underlying factors also applies here. I've posted about this on my weblog:

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television broadcasting. I think your later post on The Long Tail of Time about multiple underlying factors also applies here. I've posted about this on my weblog:

e-okul

The companies listed are largely diversified old media companies. Other properties (e.g., newspapers) are also impacting stock prices, and possibly more than television broadcasting. I think your later post on The Long Tail of Time about multiple underlying factors also applies here. I've posted about this on my weblog: http://technology360.typepad.com/technology360/2005/12/a_stock_picture.html

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nice post again .. The best explanation of what happened was Johnny Manahan’s retelling of the incident. According the director of Wowowee, Willie Revillame’s most recent bout with his recurring “diarrhea of the mouth” was actually directed at his home TV station and not at the funeral of the late President, Cory Aquino.

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Tidbits

The Long Tail by Chris Anderson

Notes and sources for the book

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