Wednesday, May 09, 2012

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.

45 Comments:

At 9:42 PM, May 09, 2012, Anonymous Anonymous said...

Suares!

 
At 12:09 AM, May 10, 2012, Anonymous Anonymous said...

Well, looks like some people are due a much-deserved pay raise at KARK. Probably will be the sales staff.

 
At 10:09 AM, May 10, 2012, Anonymous Anonymous said...

CEO Perry Sook can add another swimming pool now!

 
At 10:38 AM, May 10, 2012, Anonymous Anonymous said...

Or a Skybox at Cowboy's Stadium.

 
At 2:06 PM, May 10, 2012, Anonymous Anonymous said...

http://shameonkark.com/

 
At 3:01 PM, May 10, 2012, Anonymous Anonymous said...

It seems like KTVE has started implementing the same graphics as KARK.

 
At 4:31 PM, May 10, 2012, Anonymous Anonymous said...

"www.shameonkark.com"

Must be the new newsroom management from Texas.

 
At 4:39 PM, May 10, 2012, Anonymous Anonymous said...

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.

 
At 4:45 PM, May 10, 2012, Anonymous Anonymous said...

Your right about that. I have not had a raise in 5 years.

 
At 8:36 PM, May 10, 2012, Anonymous Anonymous said...

You are not alone 4:45. My last raise with Nexstar was in 2004.

 
At 9:56 PM, May 10, 2012, Anonymous Anonymous said...

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.

 
At 9:17 AM, May 11, 2012, Anonymous Anonymous said...

Yes, we know. What's earned in Little Rock/ Shreveport stays in Irving.

 
At 2:49 PM, May 11, 2012, Anonymous Anonymous said...

Thanks cable companies for hiking consumer prices so they can hit their numbers. Every little $5 helps.

 
At 4:19 PM, May 11, 2012, Anonymous Anonymous said...

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.

 
At 12:15 PM, May 12, 2012, Anonymous Anonymous said...

KTAL has switched to their temp set while their HD set is being built. It's about time.

 
At 6:17 PM, May 12, 2012, Anonymous Anonymous said...

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.

 
At 11:28 PM, May 12, 2012, Anonymous Anonymous said...

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.

 
At 2:54 PM, May 13, 2012, Anonymous Anonymous said...

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.

 
At 10:30 PM, May 13, 2012, Anonymous Anonymous said...

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.

 
At 7:15 PM, May 14, 2012, Anonymous Anonymous said...

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.

 
At 10:14 AM, May 17, 2012, Anonymous Anonymous said...

It doesn't matter what they do. KTAL will always be third in the Shreveport Mkt.

 
At 10:48 AM, May 17, 2012, Anonymous Anonymous said...

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.

 
At 4:09 PM, May 17, 2012, Anonymous Anonymous said...

Suares!

 
At 5:58 PM, May 17, 2012, Anonymous Anonymous said...

10:48 is dead on. Deathstar is proof.

 
At 12:36 AM, May 20, 2012, Anonymous Anonymous said...

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.

 
At 11:14 AM, May 20, 2012, Anonymous Anonymous said...

Ha, thats is so true 12:36. You just made my day. LMAO!

 
At 8:48 PM, May 23, 2012, Anonymous Anonymous said...

It's a shame higher revenues don't translate to higher share prices.

 
At 10:20 AM, May 24, 2012, Anonymous Anonymous said...

It is also a shame higher revenues do not translate into pay raises for those of us outside the N. O'Connor loop.

 
At 11:40 AM, May 24, 2012, Anonymous Anonymous said...

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.

 
At 7:49 PM, May 25, 2012, Anonymous Anonymous said...

Your not alone 11:40. The last raise they gave me was in 2004.

 
At 9:13 PM, May 25, 2012, Anonymous Anonymous said...

2004? You win! I thought my station sucked giving raises but they're not as bad as that.

 
At 10:46 PM, May 25, 2012, Anonymous Anonymous said...

Maybe it's not the company it's the local management.

 
At 6:00 PM, May 26, 2012, Anonymous Anonymous said...

10:46 I would agree with you if there hadn't been two GM's and two departmental managers during that time.

 
At 7:41 PM, May 26, 2012, Anonymous Anonymous said...

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.

 
At 8:34 PM, May 28, 2012, Anonymous Anonymous said...

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.

 
At 5:31 PM, May 29, 2012, Anonymous Anonymous said...

Wow! You must have been the Dept. Manager. What station????

 
At 9:01 PM, May 31, 2012, Anonymous Anonymous said...

That sounds like the back stabbing petty crap at my station. I'm bitter on your behalf.

 
At 10:25 AM, June 09, 2012, Anonymous Anonymous said...

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.

 
At 11:24 AM, June 09, 2012, Anonymous Anonymous said...

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.

 
At 12:00 PM, June 09, 2012, Anonymous Anonymous said...

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.

 
At 9:27 PM, June 09, 2012, Anonymous Anonymous said...

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.

 
At 11:56 AM, June 11, 2012, Anonymous Anonymous said...

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.

 
At 12:10 PM, June 16, 2012, Anonymous Anonymous said...

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.

 
At 9:57 PM, June 17, 2012, Anonymous Anonymous said...

OMG, I have seen it all. KTAL is running a paid program right now during primetime.

 
At 11:35 AM, June 18, 2012, Anonymous Anonymous said...

Not sure if they even have enough working mics to go around on the news set.

 

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