One highlight of TVNewsCheck’s Nov. 9-10 TV2020 conference on the prospects for Next Gen TV will be the CEO panel featuring David Smith of Sinclair Broadcast Group, Perry Sook of Nexstar Broadcasting Group and Pat LaPlatney of Raycom Media.
The station group lends the digital platform company $14.5 million and extends it a line of credit for $1.5 more. Frankly CEO Steve Chung says the new loan will be used to pay off notes it incurred when it bought Worldnow last year. The noteholders include Raycom and Worldnow founder Gary Gannaway.
TV station groups are realizing that broadcasting is no longer enough — that, while it may be a solid business, it is no longer a great growth business. So they are looking to reinvent themselves by moving into new businesses like digital media and programming that can provide some upside.
Dish and Raycom Media signed a new carriage agreement Thursday evening, averting the blackout of 56 stations in the satcaster’s lineup,
Dish could lose 56 stations Thursday due to a fee fight with their owner, Raycom Media. The stations have posted notices at their websites saying Dish subscribers could lose their signals after 6 p.m. ET on Aug. 4 if current negotiations for a new carriage agreement are not successful.
Raycom Media’s new CEO, Pat LaPlatney, has a broad TV background, but it’s his experience in what digital media can offer that led to his succeeding Paul McTear as the station group’s top exec. He says he sees broadcasting, the web, mobile, OTT and other digital media as parts of a whole. Raycom, he says, needs “to aggregate the biggest video audience we can, gather as much data as we can about that audience and go out and sell it aggressively.”