Holloway to inject new life into NBC: plans to turn the economic model for network revenue on its head.With NBC NBC in full National Broadcasting Co. Major U.S. commercial broadcasting company. It was formed in 1926 by RCA Corp., General Electric Co. (GE), and Westinghouse and was the first U.S. company to operate a broadcast network. broadcasting the Summer Olympics Olympics Sports medicine An international competition among (traditionally) nonprofessional athletes trained in a particular summer or winter sport, which is held every 4 yrs in a selected city. See Paralympics, Special Olympics, World Medical Games. in 2008, the Super Bowl in 2009, and a high-profile presidential election waiting in the wings, Doug DOUG Dumb Old Utility Guy Holloway's promotion to president of NBC Network Distribution Partnerships and Affiliate Marketing Affiliate marketing is a method of promoting web businesses (merchants/advertisers) in which an affiliate (publisher) is rewarded for every visitor, subscriber, customer, and/or sale provided through his/her efforts. could not have come at a better time. While some analysts have predicted the death of network broadcast television, Holloway plans to turn the economic model for network revenue on its head. "Ideally, I would like to generate carriage revenue that rivals carriage revenue for some of the major cable networks," says Holloway, who began his career at the USA Network in 1983. NBC wants to be paid for its programming, he says. "One of the biggest challenges is the mind-set of television owners and operators that heretofore were paid or [didn't pay] for the carriage of the broadcast network programming," Holloway says. "There is not an even playing field. Some stations have very robust advertising sales and others do not. Changing behavior and perspective is a huge hurdle HURDLE, Eng. law. A species of sledge, used to draw traitors to execution. that we will have to overcome," Holloway is responsible for NBC's affiliate relations strategy and interaction with NBC's 233 affiliate stations across several platforms. Holloway also has executive supervision of the NBC Affiliate Marketing group. "We're expecting big things out of Doug," says John Eck, president of NBC TV Network and Media Works. "He has a deep experience base, a strong background in sales and advertising in the affiliate side, and he has deep connections into the broader television industry. Those are a great fit for where we are at NBC." [ILLUSTRATION OMITTED] Despite the network's lower ratings this season, Jeffrey Sprague, a Citigroup industry analyst, wrote in a report that NBC had a strong fourth quarter in 2007, with the broadcaster recording double-digit growth for the first time in two years. For the first quarter in 2008, Sprague expects that the broadcaster's revenue will grow approximately 10% with operating profits Operating profit (or loss) Revenue from a firm's regular activities less costs and expenses and before income deductions. operating profit See operating income. up 5% to 10% year over year. "It is a statement the broadcast business is not dead, which a lot of people have predicted," Holloway says. "I don't think it's even on life support. We are going to prove that there is a great upside Upside The potential dollar amount by which the market or a stock could rise. Notes: This is basically an educated guess on how high a stock could go in the near future. See also: Bull, Downside to the business going forward." |
|
||||||||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion