/
09.19.2006
Originally featured on BroadcastEngineering.com
The New York Times Company to sell Broadcast Media Group

The New York Times Company announced Sept. 12 that it plans to sell its Broadcast Media Group, which includes nine network-affiliated TV stations and their related properties.

According to company president and CEO Janet Robinson, the sale will allow the company to further develop its newspaper and digital properties, and the relationship between them.

The stations comprising the Broadcast Media Group are:

  • WHO-TV in Des Moines, IA (NBC);
  • KFSM-TV in Ft. Smith, AR (CBS);
  • WHNT-TV in Huntsville, AL (CBS);
  • WREG-TV in Memphis, TN (CBS);
  • WQAD-TV in Moline, IL (ABC);
  • WTKR-TV in Norfolk, VA (CBS);
  • KFOR-TV in Oklahoma City (NBC);
  • KAUT-TV in Oklahoma City (MyNetworkTV); and
  • WNEP-TV in Scranton, PA (ABC).

Last year, the Broadcast Media Group accounted for about 4 percent of the company's total revenues. In 2006, the company expects the group will have revenues of about $150 million and an operating profit of about $33 million. Depreciation and amortization is expected to be about $10 million for the year.



Comments
Post New Comment
If you are already a member, or would like to receive email alerts as new comments are
made, please login or register.

Enter the code shown above:

(Note: If you cannot read the numbers in the above
image, reload the page to generate a new one.)

No Comments Found




Monday 6:39AM
What Price Reliability?
Digitally delivered TV has seen a pile o’ fail lately.


 
Featured Articles
Discover TV Technology