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Kidd Kraddick and Yea Networks

R

Redeye/blackeye

Guest
Kidd Kraddick broke off from clear channel a couple of months ago and formed his own Multi-million dollar company Yea networks; Which would syndicate his show to the 65+ affiliates. Is this the right move for him, I've never heard of a Jock owning his own company before. He's still on Khks, until he retires, but what happenes if he retires, does Yea Networks then die. Their is probably a lot of money to made for him but is this going to work. He also hired Brenda Adriance from Clear channel as his GM, a lot of people say she made KHKS top the ratings, can she do it for Yea! I guess the main question, is this a good idea, is he going to have less corporate influence and actually have freedom to run the show the way he wants it. Could this work for anybody?
 
Dave Ramsey, Dr. Laura, and Kim Komando all own their own show/syndication... there are others!
 
DAYRADIO said:
Dave Ramsey, Dr. Laura, and Kim Komando all own their own show/syndication... there are others!
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And as a footnote, Letterman owns his own TV show and his WorldWide Pants company.

R
 
Actually, Letterman doesn't own the TV show.

Letterman owns Worldwide Pants, which is a production company. The network purchases the programming from Worldwide Pants.

Certain aspects of the programming are retained by Worldwide Pants. And the terms of ownership are limited for future negotiation in some cases. Letterman learned an important lesson about show ownership when he left NBC for CBS.

Wonder what happened to the name "Larry 'Bud' Melman"? NBC owned it.

The Top 10, I think, may have been either too "owned" in the minds of viewers by Letterman for the network to use it--or the idea of Top 10 lists may be too generic an unownable.

I could check into it with Dave's lawyers if you want.
 
1Letterman said:
Actually, Letterman doesn't own the TV show.

Letterman owns Worldwide Pants, which is a production company. The network purchases the programming from Worldwide Pants.

Certain aspects of the programming are retained by Worldwide Pants. And the terms of ownership are limited for future negotiation in some cases. Letterman learned an important lesson about show ownership when he left NBC for CBS.

Wonder what happened to the name "Larry 'Bud' Melman"? NBC owned it.

The Top 10, I think, may have been either too "owned" in the minds of viewers by Letterman for the network to use it--or the idea of Top 10 lists may be too generic an unownable.

I could check into it with Dave's lawyers if you want.
Click to expand...

http://www.forbes.com/free_forbes/2002/0708/136.html

Included in his CBS contract were three points that seemed at first like an afterthought: Letterman, rather than the network, would own Late Show airing in the 11:30 p.m. slot; he also would have the opportunity to control and own a show in the time period that followed it; and he would have a development deal funded by CBS. After two decades of failed attempts to develop a successful competitor to NBC's Tonight, CBS eagerly agreed to all three requests.
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R
 
Brenda oversaw KHKS the first time back when there was no competition (ipods, rhythmic stations) in the 90's. Her 2nd stint was a few years ago. ANY ratings success Kiss has had in the past few years can be attributed to Patrick Davis. This recent round of cutbacks was made from high above.
 
CBS gives Letterman a wide berth, but I'm very sorry, David Letterman doesn't "own" his show.

First of all, Letterman doesn't even own Worldwide Pants. Not soley.

Network television production and licensing is a little more complicated than a fluff piece in Forbes. Again, certain aspects of the intellectual properties in the show are Letterman's. Certain others belong to CBS.

Letterman CONTROLS the show in many aspects, particularly after broadcast, but he is not the owner. Worldwide Pants "owns" the show. (Which means they license it to CBS.) David isn't even the only owner of Worldwide Pants.

CBS pays Letterman a $31 million salary on top of the license fees it pays to Worldwide Pants for both Late Show and Kilborn's slot. CBS even lets Letterman's people run the shows as they wish, from staffing decisions to celebrity bookings. (Nor does Letterman have to kowtow to CBS and consent to media interviews. He declined to talk for this story, and his publicist says he hasn't spoken to a reporter in almost four years.)

Letterman's handlers say he controls a majority of his company but won't name other partners. Worldwide Pants is responsible for its own payroll and overhead, and controls the rights to the shows after they air. Letterman even picks which reruns CBS uses when he is on vacation. So far there has been little aftermarket for the shows, but Worldwide Pants is in talks to sell repeats to Comedy Central for roughly $150,000 a week.
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Don't forget Tom Joyner. He owns Reach Media. Syndication of the TJMS is just part of what they do.
 
I had forgotten Tom. I moved to this model last month, and via barter I have syndicated my show into Dallas, Houston, Killeen/Temple, Midland/Odessa, etc. After 10 years of doing it for ABC, CC, etc., I decided I could do as well myself. I wish Kidd all the luck.
 
bleonard47 said:
Don't forget Tom Joyner. He owns Reach Media. Syndication of the TJMS is just part of what they do.
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Joyner and David Kantor own a 49% interest in Reach Media. Radio One owns the other 51%
 
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