NBC Broadcasting Chairman Ted Harbert says his company’s push to develop TVE is “an incredibly complex and expensive operation,” but when it’s in place “it will be a terrific experience for consumers.”
Industry analysts think the move, which will give Media General 30 network affiliates across 27 markets reaching 14% of U.S. TV households, makes a lot of sense. “It’s nothing short of a great deal,” says Barry Lucas, SVP-research at Gabelli & Co. “It’s a home run for them.”
A NATPE panel says the ad outlook for this year is strong, even without last year’s political spending. When asked about the seemingly slow pace of development of mobile TV, Brian Lawlor of Scripps, said: “This is a massive undertaking for content providers, technology, cell carriers, manufacturers and broadcasters. The better news is that we have 70-something markets lit up, with devices on the market.” Concerns include Aereo and The Hopper, while the panelists emphasized their intentions to keep all their spectrum to continue to innovate and serve their communities.
Deborah McDermott’s new title is in addition to that of president of the station group, which she will retain.
The longtime television executive and board member succeeds Vincent Young. Cassara’s appointment completes a recent reorganization of the company and the senior management team. Deborah McDermott remains as president, with all 10 stations reporting to her. In addition, Tom Sullivan has been elected board chair.
It turns out it’s broadcast veteran Tony Cassara (left) along with other New Young’s board members Tom Sullivan, Sheldon Galloway and Kevin Shea. The board gets an assist from Young President Deborah McDermott who oversees KRON San Francisco, WATE Knoxville, Tenn., and WLNS Lansing, Mich. Cassara says the $2.2 million annual management contract with Gray Television is really an advisory agreement. “They do not manage our stations,” Cassara says. “The general managers of those seven stations report to the board.”