The Liberty Corporation
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The Liberty Corporation
The Liberty Corporation was a media corporation originally based in Greenville, South Carolina. At its peak, Liberty owned 15 network-affiliated television stations across the Midwest and Southern regions of the United States. Cable advertising sales group CableVantage Inc., video production facility Take Ten Productions and broadcast equipment distributor Broadcast Merchandising Corporation were also some of its assets. Liberty was founded in 1919 when W. Frank Hipp, a former top agent at Spartanburg-based Southeastern Life Insurance Company, struck out on his own. Within a decade, Liberty had grown large enough to buy his former employer. It entered broadcasting in 1930, when it bought WIS in Columbia—the start of what would become the Broadcasting Company of the South, renamed Cosmos Broadcasting in 1965. Under Francis Hipp, who succeeded his father in 1943, Liberty reorganized as a holding company, The Liberty Corporation, in 1967. Liberty sold its insurance subsid ...
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Liberty Media
Liberty Media Corporation (commonly referred to as Liberty Media or just Liberty) is an American mass media company controlled by chairman John C. Malone. The company has three divisions, reflecting the company's ownership stakes in Formula One, SiriusXM, and the Atlanta Braves Major League Baseball team. History The 1990s Liberty Media began in 1991 as a spin-off of TCI, an American cable-television group. Peter Barton, hired by TCI's Malone, served as president until retiring in April 1997. The company took over TCI assets considered to have little value, but Barton completed "a deal every ten days for six years" and made the company a big success. Liberty was merged back into TCI in the mid-1990s. On March 13, 1998, Liberty Media Group and TCI Group announced the merger of Encore and STARZ! into a single company—Encore Media Group, owned by Liberty. Encore was taking advantage of the growth of digital cable, while TCI, which had previously owned twenty percent of ...
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Columbia, South Carolina
Columbia is the List of capitals in the United States, capital of the U.S. state of South Carolina. With a population of 136,632 at the 2020 United States census, 2020 census, it is List of municipalities in South Carolina, the second-largest city in South Carolina. The city serves as the county seat of Richland County, South Carolina, Richland County, and a portion of the city extends into neighboring Lexington County, South Carolina, Lexington County. It is the center of the Columbia metropolitan area (South Carolina), Columbia metropolitan statistical area, which had a population of 829,470 in 2020 and is the List of metropolitan statistical areas, 72nd-largest metropolitan statistical area in the nation. The name Columbia (name), Columbia is a poetic term used for the United States, derived from the name of Christopher Columbus, who explored for the Spanish Crown. Columbia is often abbreviated as Cola, leading to its nickname as "Soda City." The city is located about north ...
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Media Market
A media market, broadcast market, media region, designated market area (DMA), television market area, or simply market is a region where the population can receive the same (or similar) television and radio station offerings, and may also include other types of media such as newspapers and internet content. They can coincide or overlap with one or more metropolitan areas, though rural regions with few significant population centers can also be designated as markets. Conversely, very large metropolitan areas can sometimes be subdivided into multiple segments. Market regions may overlap, meaning that people residing on the edge of one media market may be able to receive content from other nearby markets. They are widely used in audience measurements, which are compiled in the United States by Nielsen Media Research. Nielsen measures both television and radio audiences since its acquisition of Arbitron, which was completed in September 2013. Markets are identified by the largest ...
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City Of License
In American, Canadian, and Mexican broadcasting, a city of license or community of license is the community that a radio station or television station is officially licensed to serve by that country's broadcast regulator. In North American broadcast law, the concept of ''community of license'' dates to the early days of AM radio broadcasting. The requirement that a broadcasting station operate a ''main studio'' within a prescribed distance of the community which the station is licensed to serve appears in U.S. law as early as 1939. Various specific obligations have been applied to broadcasters by governments to fulfill public policy objectives of broadcast localism, both in radio and later also in television, based on the legislative presumption that a broadcaster fills a similar role to that held by community newspaper publishers. United States In the United States, the Communications Act of 1934 requires that "the Commission shall make such distribution of licenses, f ...
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Barrington Broadcasting
Barrington Broadcasting Group, LLC, headquartered in Schaumburg, Illinois was an American corporation focused on broadcast television, primarily in middle and small size media markets. Barrington owned or operated via duopoly twenty-four television stations, with the potential to reach 3.4 percent of households in the U.S. It was owned by Pilot Group, a private equity firm. History Barrington Broadcasting was formed in May 2003 by a group of former Benedek Broadcasting executives. With Benedek filed for bankruptcy and divested itself of all television properties in 2002, former President K. James Yager along with Senior Vice-Presidents Chris Cornelius, Keith Bland and Mary Flodin, pooled their talents to create a new company focused solely on medium and small market broadcasting. The company began operations in January 2004 with its purchases of former Benedek stations WHOI-TV (Peoria, Illinois) and KHQA-TV ( Hannibal, Missouri/Quincy, Illinois) along with WEYI-TV in Vien ...
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Harlingen, Texas
Harlingen ( ) is a city in Cameron County in the central region of the Rio Grande Valley of the southern part of the U.S. state of Texas, about from the coast of the Gulf of Mexico. The city covers more than and is the second-largest city in Cameron County, as well as the fourth-largest in the Rio Grande Valley. As of the 2020 census, the city had a population of 71,892. Harlingen is a principal city of the Brownsville–Harlingen metropolitan area, which is part of the larger Brownsville–Harlingen–Raymondville combined statistical area, included in the Matamoros–Brownsville metropolitan region. History Harlingen's strategic location at the intersection of U.S. Route 77 and U.S. Route 83, co-designated as Interstate 69 East and Interstate 2, respectively, in northwestern Cameron County, fostered its development as a distribution, shipping, and industrial center. In 1904, Lon C. Hill (a man of Choctaw ancestry) envisioned the Rio Grande as a commercial waterway. ...
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KGBT-TV
KGBT-TV (channel 4) is a television station licensed to Harlingen, Texas, United States, serving the Lower Rio Grande Valley as a primary Antenna TV owned-and-operated station and a secondary MyNetworkTV affiliate. It is owned by Nexstar Media Group alongside Brownsville-licensed dual NBC/CBS affiliate KVEO-TV (channel 23). Both stations share studios on West Expressway ( I-2/US 83) in Harlingen, while KGBT-TV's transmitter is located in La Feria, Texas. KGBT-TV was the first television station established on the American side of the Rio Grande Valley and is the oldest still in operation. Long the CBS affiliate for the area, this changed when Nexstar acquired KGBT's non-license assets from Sinclair Broadcast Group and moved the CBS programming to a subchannel of KVEO in 2020. Nexstar later acquired the KGBT-TV license itself. History Early history KGBT-TV's roots lie in the 1941 establishment of KGBS radio, an independent radio station with a staff of eleven people. The ...
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Morris Multimedia
Morris may refer to: Places Australia *St Morris, South Australia, place in South Australia Canada * Morris Township, Ontario, now part of the municipality of Morris-Turnberry * Rural Municipality of Morris, Manitoba ** Morris, Manitoba, a town mostly surrounded by the municipality * Morris (electoral district), Manitoba (defunct) * Rural Municipality of Morris No. 312, Saskatchewan United States ;Communities * Morris, Alabama, a town * Morris, Connecticut, a town * Morris, Georgia, an unincorporated community * Morris, Illinois, a city * Morris, Indiana, an unincorporated community * Morris, Minnesota, a city * Morristown, New Jersey, a town * Morris (town), New York ** Morris (village), New York * Morris, Oklahoma, a city * Morris, Pennsylvania, an unincorporated community * Morris, West Virginia, an unincorporated community * Morris, Kanawha County, West Virginia, a ghost town * Morris, Wisconsin, a town * Morris Township (other) ;Counties and other ...
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WWAY
WWAY (channel 3) is a television station in Wilmington, North Carolina, United States, affiliated with ABC, CBS, and The CW Plus. Owned by Morris Multimedia, the station has studios on Magnolia Village Way in Leland, and its transmitter is located west of Winnabow in Town Creek Township. History WWAY signed on the air on October 30, 1964, as the second television station in Wilmington, 10½ years after NBC affiliate WECT (channel 6). It was originally owned by Cape Fear Telecasting, a firm controlled by local interests. The station's first studios were located on the 10th floor of the Murchison Building in downtown Wilmington. Logically, it should have signed on as a CBS affiliate. However, it has been an ABC affiliate from the very first day. This was somewhat unusual for a two-station market, especially one of Wilmington's size. For most of its first 20 years in television, ABC was relegated to secondary status on existing stations in most two-station markets. However, ...
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Buyout
In finance, a buyout is an investment transaction by which the ownership equity of a company, or a majority share of the stock of the company is acquired. The acquiror thereby "buys out" the present equity holders of the target company. A buyout will often include the purchasing of the target company's outstanding debt, which is referred to as "assumed debt" by the purchaser. Non-finance usage The term may apply more generally to the purchase by one party of all of the rights of another party with respect to an ongoing transaction between the two. For example: *An employer may "buy out" an employee's contract by making a single prepayment, so as to have no ongoing obligation to employ the person; *A landlord may buy out the remainder of a tenant's lease, effectively paying them to vacate. *A government may buy out homes in a floodplain or other area subject to hazard. The language used by FEMA, a United States agency, is "acquisition". *In Major League Baseball, a club option is a ...
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Chief Financial Officer
The chief financial officer (CFO) is an officer of a company or organization that is assigned the primary responsibility for managing the company's finances, including financial planning, management of financial risks, record-keeping, and financial reporting. In some sectors, the CFO is also responsible for analysis of data. Some CFOs have the title CFOO for chief financial and operating officer. In the majority of countries, finance directors (FD) typically report into the CFO and FD is the level before reaching CFO. The CFO typically reports to the chief executive officer (CEO) and the board of directors and may additionally have a seat on the board. The CFO supervises the finance unit and is the chief financial spokesperson for the organization. The CFO directly assists the chief operating officer (COO) on all business matters relating to budget management, cost–benefit analysis, forecasting needs, and securing of new funding. Qualification Most CFOs of large companies h ...
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Chief Operating Officer
A chief operating officer or chief operations officer, also called a COO, is one of the highest-ranking executive positions in an organization, composing part of the " C-suite". The COO is usually the second-in-command at the firm, especially if the highest-ranking executive is the chairperson and CEO. The COO is responsible for the daily operation of the company and its office building and routinely reports to the highest-ranking executive—usually the chief executive officer (CEO). Responsibilities and similar titles Unlike other C-suite positions, which tend to be defined according to commonly designated responsibilities across most companies, a COO's job tends to be defined in relation to the specific CEO with whom they work, given the close working relationship of these two individuals. The selection of a COO is similar in many ways to the selection of a vice president or chief of staff of the United States: power and responsibility structures vary in government and p ...
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