Revenue at Nexstar is UP UP and Away......
Nexstar, the parent company of KARK/Little Rock and KTAL Shreveport posted revenue gains in the first quarter. Local/National spot revenue and retransmission fees accounted for most of the revenue according to a news release:
“Nexstar’s continued leadership in new business development resulted in a
7.8% rise in first quarter core local and national revenue inclusive of
a 5.0% first quarter increase in local spot revenue and a 15.6% rise in
national spot revenue. The 2012 first quarter marks the sixth
sequential increase in our quarterly core revenue growth rate and our
tenth consecutive quarter of core television advertising revenue growth.
While we look forward to the benefit of growing political advertising
activity throughout 2012, Nexstar’s gross revenue growth in the first
quarter excluding political was a robust 16.3% inclusive of a 9% rise in
automotive category ad spending.
“Strong gains in our core television operations were complemented by the expected significant double digit growth in first quarter retransmission fee revenue which rose 70.2% to $14.5 million, a record level of quarterly revenue from this source. With the renewal of more than 130 retransmission consent agreements in 2011 we project significant revenue growth from this source throughout the year. Double digit revenue growth also continues in our e-Media operations which posted a 12.5% increase in revenues to $4.1 million, representing our twenty first consecutive period of revenue growth for the Company’s community web portal strategy. Similarly, we expect to extend our e-Media revenue growth throughout 2012 as we benefit from a full year’s contribution from Internet technology provider GoLocal.Biz which was acquired mid-2011 in an accretive transaction, as well as our expanded mobile offerings which bring local advertisers new marketing solutions that yield high interactivity and ROI.
“Strong gains in our core television operations were complemented by the expected significant double digit growth in first quarter retransmission fee revenue which rose 70.2% to $14.5 million, a record level of quarterly revenue from this source. With the renewal of more than 130 retransmission consent agreements in 2011 we project significant revenue growth from this source throughout the year. Double digit revenue growth also continues in our e-Media operations which posted a 12.5% increase in revenues to $4.1 million, representing our twenty first consecutive period of revenue growth for the Company’s community web portal strategy. Similarly, we expect to extend our e-Media revenue growth throughout 2012 as we benefit from a full year’s contribution from Internet technology provider GoLocal.Biz which was acquired mid-2011 in an accretive transaction, as well as our expanded mobile offerings which bring local advertisers new marketing solutions that yield high interactivity and ROI.
posted by ATN @ 9:36 PM
45 comments
45 Comments:
Suares!
Well, looks like some people are due a much-deserved pay raise at KARK. Probably will be the sales staff.
CEO Perry Sook can add another swimming pool now!
Or a Skybox at Cowboy's Stadium.
http://shameonkark.com/
It seems like KTVE has started implementing the same graphics as KARK.
"www.shameonkark.com"
Must be the new newsroom management from Texas.
As predicted the political revenue is rolling in making the bottom line look really good. Unfortunately none of us will see any of it by way of raises or bonuses.
Your right about that. I have not had a raise in 5 years.
You are not alone 4:45. My last raise with Nexstar was in 2004.
And no one will probably get a raise except maybe those who are in upper management for hitting goals. But "below-the-line" employees will be static so as to boost the income percentages and appear "lean & mean" for the balance sheets.
Yes, we know. What's earned in Little Rock/ Shreveport stays in Irving.
Thanks cable companies for hiking consumer prices so they can hit their numbers. Every little $5 helps.
Actually, you can thank Fox/News Corp and Fox for that. They jacked up their rates on all their Fox/News Corp owned channels so the increase was passed on along to us every month.
KTAL has switched to their temp set while their HD set is being built. It's about time.
I noticed that. The acoustics are terrible and the lighting is way to hot. Todd must still be in his same spot since they are not doing the walk over from the anchor desk to the weather set.
If Nexstar had their sh_t together, there would be no need for a temporary set. KARK looked awful for weeks. Real set designers can get it together over a weekend or in a matter of hours.
To me, KTAL looks much better at the temp set. Sounds are off, yes. But, it's not all too bad compared to what they had.
I prefer the cleaner look they have as opposed to all the crap they had on the old set. Too much contrast and too distracting. Too bad this is a temp set as the one they'll wind up with will probably be over-done with too much crap in / on it. We can always hope but I wouldn't bet on it being clean and elegant.
I really don't care what KTAL does with their set as long as they get rid of that stupid news ticker. It's way to distracting.
It doesn't matter what they do. KTAL will always be third in the Shreveport Mkt.
This news pretty much says it all, profitable above all and anything else. Goes to show that you can have pretty sub-standard media properties, keep them low-cost to max out revenues. Doesn't matter if you're dead last, as long as you can maintain income, that's what matters.
Suares!
10:48 is dead on. Deathstar is proof.
NEXSTAR:
Not a News organization. . .
Not a Broadcaster . . .
but a profit center.
NEXSTAR:
When you couldn't care less about news. . .
but care about profits!
NEXSTAR: We're next to nothing,
and proud of it.
Ha, thats is so true 12:36. You just made my day. LMAO!
It's a shame higher revenues don't translate to higher share prices.
It is also a shame higher revenues do not translate into pay raises for those of us outside the N. O'Connor loop.
Isn't that the truth. I bust my ass every day, but I haven't had a pay raise in over 5 years. I thought my last company was bad, but Nexstar is the stingiest broadcasting company I have ever worked for.
Your not alone 11:40. The last raise they gave me was in 2004.
2004? You win! I thought my station sucked giving raises but they're not as bad as that.
Maybe it's not the company it's the local management.
10:46 I would agree with you if there hadn't been two GM's and two departmental managers during that time.
You made my point. Where I work the people who excel at what they do are rewarded and the ones that do not, well they are lucky to keep their job. Maybe you are in the wrong line.
6:00pm I figured out who you are and know exactly why they wouldn't give you a raise.
First, you were the second highest paid person in your department. The other guys were making a lot less then you.
Second, your department got screwed over on raises all the time. If you were in any other department you would have gotten several raises.
Third, your first departmental manager would not stand up for you. You asked him several times for a raise and most of the times the request never went any farther.
Fourth, the first GM did not like your department and he also had it in for you. He got fired but you stayed on for several more years. The second GM liked you but he didn't like your department either. He was tight with raises for anyone outside the sales department. Now your second departmental manager did request a raise for you. They said no then several weeks later they called your department into that meeting to announce your department was being consolidated and all of you were being laid off.
Wow! You must have been the Dept. Manager. What station????
That sounds like the back stabbing petty crap at my station. I'm bitter on your behalf.
Guess MeeShell is on Vacay this week? Actually watched a KTAL newscast and didn't have the immediate "change-channel" urge. Now if they could get their reportage up to snuff, they might stand a chance.
Not gonna happen. KTAL doesn't pay enough to get reporters with experience. Most are in their first or second jobs since graduating from J school.
KTAL looks much better then they did years ago, but even with everything they have done, they are still the worst station in Shreveport.
I was reading some of the previous comments and I feel sorry for whoever they were talking about in 8:34. If that is true he got screwed over repeatedly. No raise since 2004? Now thats low. Since this is a Nexstar thread I assume they worked at a Nexstar station. Most likely KTAL, or KTVE/KARD.
My guess is that Nexstar is trying to look lean & mean on the balance sheet so as to attract investment and/or a buyer. That's why no staff raises. Only folks who get any sugar will be management and maybe on-air staff to keep them happy if audience shares improve any. Given Nexstar's huge debt-load, this will probably never change.
That seems to be the case 9:27. I don't know what they pay at Nexstar stations in other markets, but KTAL has always been the lowest paying station in Shreveport.
How much longer before KTAL starts using their new HD set? They have been using this temp set for over a month now. The acoustics and lighting are horrible.If they were planning on using this temp set this long they should have put in studio lighting and some baffles to help with all that echo and hollow sound.
OMG, I have seen it all. KTAL is running a paid program right now during primetime.
Not sure if they even have enough working mics to go around on the news set.
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