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Sinclair makes nationwide layoffs

Y2kTheNewOldies

Y2kTheNewOldies

http://www.ftvlive.com/sqsp-test/2017/1/3/sinclair-ponders-layoffs

http://www.ftvlive.com/sqsp-test/2017/1/5/sinclair-starts-chopping

Sinclair blames low political ad revenue as the core of its problems

http://www.cnbc.com/2016/09/20/reut...-sinclair-warns-on-political-ad-spending.html

https://www.washingtonpost.com/life...4ab630851e8_story.html?utm_term=.8ec205074225

So far WJLA (Sinclair's flagship station), KOMO, WBMA, WLOS, KATU and WPEC have documented sinclair layoffs at their stations.

https://www.washingtonpost.com/life...4ab630851e8_story.html?utm_term=.8ec205074225


http://www.adweek.com/tvspy/longtime-wlos-anchor-out-at-sinclair-station/183705

http://www.adweek.com/tvspy/sinclairs-katu-makes-cuts/183954

http://www.adweek.com/tvspy/sinclairs-wpec-cuts-2/183983


http://www.adweek.com/tvspy/sinclairs-birmingham-station-lets-2-vets-go/184132

http://www.al.com/entertainment/index.ssf/2017/01/longtime_birmingham_sportscast.html

http://www.seattletimes.com/business/technology/komo-cuts-positions-in-newsroom/
 
I wonder how many of these layoffs is a case of "...out with the very old and in with younger and cheaper talent" ???

Maureen Bunyan leaving WJLA...expect her to make a statement soon such as like "...I am not retiring...I am ok...I have many many projects lined up...I will be very busy.".....blah blah blah blah....six months from now few will remember just who she was.
 
Well the crazy part is that in some parts of the country Sinclair has taken out legendary talent in some cities though like KOMO Seattle and WJLA. Stay Tuned for whose the next station Sinclair is going to execute layoffs to.

Wow the Amazing part here is that I had no clue that Sinclair is the most influential Television station owners in the country. It's interesting to learn that Sinclair, Nexstar, Raycom, Hearst all have been compared to the TV station equivalent of Entercom, Cumulus, Iheart and Salem best known for radio station investments.
 
http://www.ftvlive.com/sqsp-test/2017/1/14/anchor-shocked-by-sinclair-firing

http://www.ftvlive.com/sqsp-test/2017/1/13/sinclair-strikes-again

Sinclair's pink slip express has pulled into San Antonio, where the main anchor got whacked.

Popular WOAI Anchor Evy Ramos caught the Sinclair blade and her bio has already been scrubbed from the station's website.

WOAI GM John Seabers would not comment on Ramos departure.

Ramos joined the station in 2014 and now she joins a long list of people let go by Sinclair.

Stay tuned to see where the pink slip express stops next.
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Update Sinclair has removed one talent from WOAI.
 
RadioPatrol said:
Wow the Amazing part here is that I had no clue that Sinclair is the most influential Television station owners in the country. It's interesting to learn that Sinclair, Nexstar, Raycom, Hearst all have been compared to the TV station equivalent of Entercom, Cumulus, Iheart and Salem best known for radio station investments.
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All of them more/less are guilty of "monkey see..monkey do". If one station has no choice but to lay someone off then the other stations in the same market follow suit even if they don't have too.
 
Today at work I was actually thinking about this thread. Maybe it is a good thing so many news anchor vets are leaving the business whether it's by their choice or not or whether it's Sinclair or somebody else. The future of local news will probably be Facebook stuff and sorry but I just can't see someone like Washington's Gordon Peterson or Denver's Ron Zapollo doing a story about some fight at Walmart or some parent in Colorado who thinks it's a good idea for their 13 year old child to get high on marijuana every night.
 
hamster said:
Today at work I was actually thinking about this thread. Maybe it is a good thing so many news anchor vets are leaving the business whether it's by their choice or not or whether it's Sinclair or somebody else. The future of local news will probably be Facebook stuff and sorry but I just can't see someone like Washington's Gordon Peterson or Denver's Ron Zapollo doing a story about some fight at Walmart or some parent in Colorado who thinks it's a good idea for their 13 year old child to get high on marijuana every night.
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Given that ABC World News Tonight's ratings haven't fallen into the toilet since they started airing phone video half of the time, I can't disagree.
 
Just recently, the FOX station in my market(WOLF-TV Scranton/Wilkes-Barre) relaunched the 10pm newscast after spending years with Nexstar-owned WBRE to produce its own newscast for the station. I found out that the relaunched newscast is outsourced from another Sinclair-owned station somewhere in Indiana and has reporters covering the stories in my market, and the weather reports were done from the local FOX studio here. Both the weekday and the weekend anchors were based out of Indiana. So I guess that management at WOLF-TV decided to outsource their newscasts and just used local reporters and a meteorologist perhaps to save money, especially that Sinclair undergoes a company-wide layoffs across the country. Other stations in my area(WNEP, WBRE, the former being the ratings leader) always does theirs from their local respective studios. So why in the world does WOLF-TV broadcasts their newly launched late evening newscasts delivering the stories happening in my area from another state? This is like iHeart stations using out-of-state jocks.

Given that layoffs are occurring across the board, pretty soon more TV stations will eventually outsource such programming to another market to save money.
 
You nailed it! This is the same cookie-cutter caca I read or hear from them.

hamster said:
I wonder how many of these layoffs is a case of "...out with the very old and in with younger and cheaper talent" ???

Maureen Bunyan leaving WJLA...expect her to make a statement soon such as like "...I am not retiring...I am ok...I have many many projects lined up...I will be very busy.".....blah blah blah blah....six months from now few will remember just who she was.
Click to expand...
 
WOAI-TV's chief anchorwoman Evy Ramos said she was abruptly fired today.
"When I came into the station, our general manager John Seabers told me they were exercising the termination clause in my contract," Ramos, who joined WOAI in spring of 2014, said in a phone interview.
"He told me he didn't think it was working, referring to the (ratings) numbers," she added.
"I was literally blindsided. My contract wasn't even up," she added.

"I thought everything was going really well. I love my job. I love working with Beamer. I love telling stories. I love working with the community. I love singing the National Anthem at events," Ramos said.
"I was devastated at first. I was bawling; had a good cry," she added. "But then I said a prayer, and thought everything happens for a reason."
Blaise Labbe, WOAI's director of news, informed Ramos' colleagues of her exit in an email shortly after 6 p.m. "Evy Ramos is no longer employed with us," it read. "We want to wish her well in her next endeavor."
.
Earlier in the day, Seabers confirmed that the 6, 6:30 and 10 p.m. anchorwoman was gone, but wouldn't give a reason. "It's a personnel issue and I'm not going to comment on it," he said.
As for who might take her place, Seabers said: "I think you'll be seeing a lot of Randy Beamer."
He specified that the anchorman likely will be going solo, at least for now, on the 10 p.m. broadcast -- "in the interim, while we see how things go; we'll move on from there."
Asked if Delaine Mathieu may add the 6 and 6:30 p.m newscasts to her 5 p.m. co-anchor duties, Seabers said, "if she'll agree to do them. I haven't talked to her."
"Delaine will assume a little more of a role. I'm not sure I would have her at 10 o'clock yet; I'm not sure I'll have anybody but Randy at 10 o'clock. But that could change," Seabers added.

Asked if the station would be searching in house or outside for a permanent replacement, Seabers said, "We have a lot of great talent in the building."
Ramos' bio was removed from the WOAI website about 4 p.m. Friday.
She said she really wants to stay in San Antonio. "I hope to find something else because I love it here. My agent was working hard most of the afternoon reaching out to other stations."
However, economics may require her to go elsewhere. "I'm the primary breadwinner in our family," she explained.
The married mom of three was nationally recognized earlier this year with an award which she said was "better than an Emmy."
She received the Anna Quindlen Award for excellence in journalism on behalf of children and families because of her extensive, sensitive and upbeat reporting about children in foster care and adoption.
This story has been updated with comments from Ramos.
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http://www.mysanantonio.com/enterta...y-Ramos-no-longer-at-the-WOAI-TV-10856714.php

Here Evy Ramos reaction to her removal from Sinclair owned WOAI-TV.
 
CurtisNEPA said:
Just recently, the FOX station in my market(WOLF-TV Scranton/Wilkes-Barre) relaunched the 10pm newscast after spending years with Nexstar-owned WBRE to produce its own newscast for the station. I found out that the relaunched newscast is outsourced from another Sinclair-owned station somewhere in Indiana and has reporters covering the stories in my market, and the weather reports were done from the local FOX studio here. Both the weekday and the weekend anchors were based out of Indiana. So I guess that management at WOLF-TV decided to outsource their newscasts and just used local reporters and a meteorologist perhaps to save money, especially that Sinclair undergoes a company-wide layoffs across the country. Other stations in my area(WNEP, WBRE, the former being the ratings leader) always does theirs from their local respective studios. So why in the world does WOLF-TV broadcasts their newly launched late evening newscasts delivering the stories happening in my area from another state? This is like iHeart stations using out-of-state jocks.

Given that layoffs are occurring across the board, pretty soon more TV stations will eventually outsource such programming to another market to save money.
Click to expand...

The reason is that as far as the general public is concerned when it comes to broadcasting Sinclair, Iheart, CBS, Salem Media or whoever..the public is stupid !! I learned this myself from radio. About 20 years ago I was dating a girl who worked in sales at the time for our local oldies station in Virginia. Other than a two hour midday block all of their programming came from the Satellite Music Network out of Dallas, Texas. Many of times she had told me about all the people in town who stopped by the station trying to "talk" to Jim Zippo and when they were told he is actually out of Dallas they wouldn't buy it at all. I used to work at a station that carried both John Tesh and Delilah and even we had people stopping by our station wanting to chat with them because they truly believed that they were "live & local". Looking back now unfortunately my late mother was like that. She wanted me to get John Tesh to sign an autograph for her. When I told her that Tesh was syndicated she wouldn't buy it. "..sorry but that doesn't sound right..I KNOW he works in your building..just stop it already !!". I ended up getting our program director to sign a paper for my mother with the words " thanks for listening..John Tesh !!". She really believed that it was Tesh who had signed that paper to the day she died.
 
http://theindependentrepublic.com/2...ut-29-8-percent-in-value-since-last-earnings/

Heres a financial update for Sinclair.

Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) is projected to declare fiscal fourth quarter financial results right before the stock market’s official open on February 15, 2017. The stock added about 29.8 percent in price since last results when it was at $24.89 a share. Based on the most relevant past-periods data, there is an 50 percent probability for this firm’s share price to go up following next quarterly results. Earnings reaction history tells us that the equity price moved up 14 times out of last 28 reported quarters. It has beaten earnings-per-share estimates 66% of the time in its last 12 earnings reports. It fell short of earnings estimates on 4 occasions, and it has met expectations 0 time.

Here’s how traders responded to SBGI earnings announcements over the past few quarters.

Sinclair Broadcast Group, Inc. (SBGI) Earnings Surprises & Reaction

Given its history, the average earnings announcement surprise was -4.45 percent over the past four quarters. Back on November 2, 2016, it posted earnings per-share earnings at $0.7 which missed the consensus $0.74 projection (negative surprise of-5.41%). For the quarter, revenue came in at 693.84M versus consensus estimate of 691.07M. The stock dropped -0.72 percent the session following the earnings reports were released, and on 7th day price change was 4.7 percent.



On August 3, 2016, it reported earnings at $0.52 a share compared with the consensus estimate of $0.54 per share (negative surprise of -3.7%). Revenue of 666.53M for that quarter was above the $658.18M analysts had expected. The stock climbed 6.05% the day following the earnings announcement, and on 7th day price change was 5.27%.

On May 4, 2016, it recorded $0.25 a share in earnings which topped the consensus estimate of $0.24 (positive surprise of 4.17%). Revenue for the quarter was $578.89M while analysts called for revenues to be $569.43M. The stock dropped -2.44% the day following the earnings data was made public, and on 7th day price change was 0.31%.

On February 24, 2016, it announced earnings per share at $0.61 versus the consensus estimate of $0.7 per share (negative surprise of -12.86%). That came on revenues of $548.4M for that period. Analysts had expected $533.42M in revenue.

Sinclair Broadcast Group, Inc. Earnings Estimates

As Q4 earnings announcement date approaches, Wall Street is expecting earnings per share of $0.34. The analysts’ present consensus range is $0.27-$0.4 for EPS. The market consensus range for revenue is between $606.37M and $635.94M, with an average of $621.16M.

Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) last ended at $32.3, sending the company’s market cap near $2.93B. The consensus 12-month price target from analysts covering the stock is $38.75. The share price has declined -7.32% from its top level in 52 weeks and advanced -3.15% this year. It recently traded in a range of $32.2-$33.55 at a volume of 965819 shares. The recent trading ended with the price nearly -3 lower for the last 5 trading days, rebounding 34.51% from its 52-week low
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http://www.toledoblade.com/TV-Radio...ologist-was-brief-in-farewell-to-station.html

http://www.adweek.com/tvspy/former-toledo-meteorologist-talks-sinclair-hubbing-news-lay-offs/184369

Former Toledo Meterorologist Norm Van Ness Talks about being removed from Sinclair owned station WNWO.

Norm Van Ness was one of those laid off from Toledo NBC affiliate WNWO after Sinclair made the move to hub news operations at its South Bend station in December.

“I think that whatever this thing that we call broadcast news is going to become in the coming years, that Sinclair is going to be one of the major players,” Van Ness told The Blade. “But at the same time, a company and business that size that is publicly traded has to make good financial decisions. Whether or not those financial decisions are good for someone personally, like me, you still have to separate yourself from that and then understand and deal with the consequences of that reality.”

We reported in November a source told The Blade “We’ll be hubbing our news product to South Bend, Indiana. They’re planning to keep a news coverage crew present here, possibly 11 people.” Van Ness says he was let go December 16, two months after his 13th anniversary at the station.

“Station groups are going to do what they think is best for their bottom line,” said Van Ness. “But that doesn’t change the fact that you come into work every day wondering if that’s going to be your last day. You essentially walk about feeling like you have a target on your back.”

He also wonders how viewers will adapt to moving the station’s production to another city now they know what’s going on behind the scenes.

“I think the problem there is the curtain has already been pulled back on the wizard,” said Van Ness. “The general public already knows who is pulling the levers pushing the buttons and screaming through the microphone. I’ll have to leave that to the public and the viewership to decide if they’re comfortable with that scenario.”

Click here to read the entire story.
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