Today, the Television Music License Committee (TVMLC) appointed David B. Amy, a veteran executive in the local TV broadcast industry, as its chairman. TVMLC is a nonprofit trade association that negotiates music performing rights licenses on behalf of the local commercial television industry and leads efforts to promote a competitive market for music performing rights. Retired as […]
The tower is power. That was the message from a NATPE panel Wednesday focused on the next-generation broadcast TV standard, aka ATSC 3.0. “Amazon could try and put up sticks around the U.S. and couldn’t match the infrastructure that broadcasters have built over the last 60-70 years,” said Andrew Finlayson, SmithGeiger’s EVP of digital and social media strategies.
Among them, Steven Marks, the current co-COO of Sinclair Television Group becomes EVP-COO, of the group and will assume direct oversight for all TV station operations. Also, Steven Pruett the other current TV Group co-COO, will be EVP-chief TV development officer, responsible for developing new business models.
It’s in the network affiliates’ interest to nurture some of these new skinny bundles by supplying them with their signals, even if it is on terms dictated by their networks. It’s a hedge against cord cutting and it’s another avenue into the OTT and mobile world where younger audiences await. Here’s the caveat: the affiliates’ revenue from the OTT providers — their end of whatever the networks negotiate — must be comparable to the net retrans they are getting from cable and satellite.
The proposed next-gen TV standard is endorsed by Wells Fargo securities analyst Marci Ryvicker and her S&P Global panelists: Sinclair’s David Amy and Nexstar’s Perry Sook. Said Ryvicker: “For me, I only see it as a good thing. I can’t put a cash flow on it. I can’t put a multiple on it. I just know it’s better than staying at 1.0.” Amy: “It will forever change the way viewers consume our product.” Sook said he was especially interested in the potential for datacasting.
Sinclair COO David Amy and Univision CFO Marc Manahan will lead the 2015 media industry finance event scheduled for Feb. 26 – 27 in Fort Lauderdale.
The broadcaster promotes David Amy to chief operating officer and names Christopher Ripley chief financial officer.
The Media Financial Management Association’s annual “People to Watch,” honors six individuals whose financial leadership will be instrumental in creating change within the media industry this year. Learning more about this year’s honorees will not only provide an opportunity to be inspired by their examples, it will also allow the broader audience of industry professionals to join us in saluting these outstanding individuals whose roles will help to shape the business of media in the coming year and beyond.