TV

Feds putting Comcast-Time Warner deal under close scrutiny

July 11, 2014
Bloomberg News
The Justice Department has reached out to several major companies as it investigates whether the cable-industry merger is anticompetitive. The deal, if approved, would have big implications in central Indiana.
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Fox59 announces newsgathering deal with Indianapolis Star

June 23, 2014
 IBJ Staff
The Star will team with Fox59 and its sister station WTTV-TV Channel 4 for coverage of "select breaking news, sports, weather, election and investigative stories," the media outlets said in a prepared statement.
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North Central grad returns to anchor WTHR weekend news

June 6, 2014
 IBJ Staff
Naomi Pescovitz will helm the Saturday and Sunday editions of "News Sunrise," beginning July 9.
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IndyCar's TV ratings gaining momentumRestricted Content

May 24, 2014
Anthony Schoettle
TV ratings for the IndyCar Series zoomed 44 percent this year for the races leading up to the Indianapolis 500, compared to the same period a year ago, buoyed in part by a strong showing for the new Grand Prix of Indianapolis. But overall viewership remains anemic—less than one-fourth the audience for most NASCAR races.
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Sponsor logos creep into local TV newscasts

May 16, 2014
Chris O'Malley
The increasingly common move to help generate more revenue further lowers the traditional barrier between news and advertisers. Marketing experts say the value for sponsors is questionable.
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Comcast spinoff names Insight co-founder Willner as CEO

May 15, 2014
Bloomberg News
Comcast is planning to spin off operations that serve about 2.5 million customers in Indiana, Alabama, Michigan and other states after completing the purchase of Time Warner Cable.
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USA Track & Field clears big hurdle with NBC dealRestricted Content

May 10, 2014
Anthony Schoettle
USA Track & Field is on the cusp of signing a multiyear deal with NBC, fulfilling its longtime wish of pulling all its programming onto one network while strengthening its finances.
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Baker's Edge founders to test 'Shark Tank' waters

May 8, 2014
Andrea Muirragui Davis
Carmel residents Matt and Emily Griffin can expect to see a big burst in sales of their innovative brownie pan after they appear in front of celebrity entrepreneurs on ABC-TV's hit show later this month.
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Command center being built at WRTV will run 19 stations

May 3, 2014
Chris O'Malley
Media giant E.W. Scripps is building a multimillion-dollar master control facility at its WRTV-TV Channel 6 that will control all 19 of Scripps’ U.S. television stations. The control hub will bring about 10 additional jobs to WRTV’s 1330 N. Meridian St. campus.
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WXIN-TV ups ante in local news arms race

April 29, 2014
Chris O'Malley
Fox59 now faces the challenge of filling airtime for two new newscasts, and the question of whether viewers even notice or care about repetition across shows.
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Nicole Pence lands at Fox59 as anchor of new newscast

April 28, 2014
 IBJ Staff
Nicole Pence, who abruptly left WTHR-TV Channel 13 late last year, has been hired by WXIN-TV Channel 59 as the station continues to expand its local programming with two additional weekday newscasts.
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Former Pacers coach Jack Ramsay dies at 89

April 28, 2014
Bloomberg News
Jack Ramsay, who won an NBA title with Portland and coached the Indiana Pacers from 1986 to 1988, died Monday in Naples, Fla., after battling cancer for more than 15 years, ESPN reported
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Comcast planning to exit central Indiana cable market

April 28, 2014
 Bloomberg News and IBJ Staff
Stamford, Conn.-based Charter Communications said Monday that it has reached an agreement to take control of 3.9 million of Comcast's customers under a plan that will create a new cable-TV company in most of Indiana, including Indianapolis.
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WRTV scores big in broadcast awardsRestricted Content

April 26, 2014
The ABC affiliate has been on a roll since new owner E.W. Scripps began making desperately needed investments in news and other operations. Scripps bought WRTV and eight other McGraw Hill stations in 2011.
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WNDY-TV scores Indiana Fever broadcasts

April 25, 2014
Chris O'Malley
The deal gives the WNBA team a live, over-the-air broadcaster to supplement regional and national coverage on Fox Sports Indiana and ESPN2.
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Colbert to replace Letterman in late-night slot

April 10, 2014
Associated Press
The Comedy Central star will take over for the Indianapolis native on CBS, dumping his phony conservative persona for an approach with wider appeal.
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Stations take news wars into wee hours

April 5, 2014
Chris O'Malley
WTHR-TV Channel 13 recently stole a page from WXIN-TV Channel 59’s winning playbook by adding a 4 a.m. newscast. WXIN pioneered the ultra-early trend locally in 2009. But with a second station now on at 4 a.m., who is watching television at that hour?
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WISH assessing impact of parent’s acquisitionRestricted Content

April 5, 2014
WISH-TV Channel 8 appears to be on solid ground going into a merger of its parent, LIN Media, with Media General Inc.
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Letterman surprises audience with retirement announcement

April 3, 2014
Associated Press
Indianapolis native David Letterman said he will step down in 2015, when his current contract with "The Late Show" on CBS-TV expires. The Ball State grad has hosted a national late-night show since 1982.
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Channel 6 to air children's hospital telethon with twist

April 1, 2014
Chris O'Malley
Don't expect song-and-dance routines or sob stories. And whether a certain former local celebrity will make an appearance is top-secret.
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Media General to buy WISH-TV parent in deal worth $1.6B

March 21, 2014
Associated Press
Media General is buying fellow TV broadcaster LIN Media in a deal worth about $1.6 billion in cash and stock, the companies announced Friday.
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Olympics, storms boost local newscast ratings

March 21, 2014
Chris O'Malley
The Indianapolis station enjoying the biggest bump was WTHR-TV Channel 13, whose network affiliate NBC and some of its own staff covered the games in Sochi.
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Indiana among states probing Comcast-Time Warner deal

March 20, 2014
Bloomberg News
Comcast Corp.’s proposed $45 billion acquisition of Time Warner Cable Inc. is being probed by at least six states that have joined a federal review of whether the deal violates antitrust laws.
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Comcast to buy Time Warner Cable for $45 billion

February 13, 2014
Associated Press
The deal would combine the nation's top two cable TV companies and create a dominant force in both creating and delivering entertainment to U.S. homes.
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Channel 13 to start morning news at 4 a.m.Restricted Content

February 8, 2014
Currently, the only local station airing a newscast that early is WXIN-TV Channel 59. Perhaps it’s no coincidence that WXIN’s former general manager, Larry Delia, is now WTHR’s president and general manager.
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  1. Apologies for the wall of text. I promise I had this nicely formatted in paragraphs in Notepad before pasting here.

  2. I believe that is incorrect Sir, the people's tax-dollars are NOT paying for the companies investment. Without the tax-break the company would be paying an ADDITIONAL $11.1 million in taxes ON TOP of their $22.5 Million investment (Building + IT), for a total of $33.6M or a 50% tax rate. Also, the article does not specify what the total taxes were BEFORE the break. Usually such a corporate tax-break is a 'discount' not a 100% wavier of tax obligations. For sake of example lets say the original taxes added up to $30M over 10 years. $12.5M, New Building $10.0M, IT infrastructure $30.0M, Total Taxes (Example Number) == $52.5M ININ's Cost - $1.8M /10 years, Tax Break (Building) - $0.75M /10 years, Tax Break (IT Infrastructure) - $8.6M /2 years, Tax Breaks (against Hiring Commitment: 430 new jobs /2 years) == 11.5M Possible tax breaks. ININ TOTAL COST: $41M Even if you assume a 100% break, change the '30.0M' to '11.5M' and you can see the Company will be paying a minimum of $22.5, out-of-pocket for their capital-investment - NOT the tax-payers. Also note, much of this money is being spent locally in Indiana and it is creating 430 jobs in your city. I admit I'm a little unclear which tax-breaks are allocated to exactly which expenses. Clearly this is all oversimplified but I think we have both made our points! :) Sorry for the long post.

  3. Clearly, there is a lack of a basic understanding of economics. It is not up to the company to decide what to pay its workers. If companies were able to decide how much to pay their workers then why wouldn't they pay everyone minimum wage? Why choose to pay $10 or $14 when they could pay $7? The answer is that companies DO NOT decide how much to pay workers. It is the market that dictates what a worker is worth and how much they should get paid. If Lowe's chooses to pay a call center worker $7 an hour it will not be able to hire anyone for the job, because all those people will work for someone else paying the market rate of $10-$14 an hour. This forces Lowes to pay its workers that much. Not because it wants to pay them that much out of the goodness of their heart, but because it has to pay them that much in order to stay competitive and attract good workers.

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  5. It is sad to see these races not have a full attendance. The Indy Car races are so much more exciting than Nascar. It seems to me the commenters here are still a little upset with Tony George from a move he made 20 years ago. It was his decision to make, not yours. He lost his position over it. But I believe the problem in all pro sports is the escalating price of admission. In todays economy, people have to pay much more for food and gas. The average fan cannot attend many events anymore. It's gotten priced out of most peoples budgets.

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