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News wire plans broad coverage in Algoma.


Broadcast media convergence Media convergence is a theory in communications where mass mediums merges together to create a new product offering a variety of the properties of each.

Such an example is that of the internet.
 across the North has opened the doors to a new Internet See Web 2.0 and Internet2.  venture in Sault Ste. Marie Sault Sainte Marie — pronounced "Soo Saint Marie" (IPA /su seɪnt məˈɹi/) — is the name of two cities on the Saint Marys River, which forms part of the boundary between the United States and Canada. .

The fledgling LTV LTV

See: Loan-to-value ratio
 News began broadcasting local news, weather and sports through their Web site at the beginning of October.

[ILLUSTRATION OMITTED]

Headed by former MCTV MCTV Mid-Canada Television
MCTV Midland Community Television
MCTV Multi-Channel Television
MCTV Man Carrying Test Vehicle (NASA) 
 news director Craig Huckerby, LTV's president, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  and on-air "weather guy," the staff of a dozen employees were working double-time to iron out the early technical glitches and stockpile a library of video content in returning community-based newscasts to the Sault audience.

"We're almost making it up as we go along," says Huckerby, who has been championing for a return to community-based television news broadcasts since MCTV announced in late 2001 it was consolidating its operations for northeastern Ontario from Sudbury.

"There is nothing to base this operation on. We've created the model and we're still creating the model of what works and what doesn't."

With his initial investment of $5,000, Huckerby partnered with his sister Angela Pezzoti and Jere Devlin, a former MCTV employee. They mortgaged their homes and secured $100,000 that was matched by the Business Development Bank of Canada The Business Development Bank of Canada is a crown corporation financial institution wholly owned by the Government of Canada. BDC plays a leadership role in delivering financial and consulting services to Canadian small business, with a particular focus on technology and exporting.  to buy equipment and set aside operating expenses Operating expenses

The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted.
 to launch the new Internet-based station, believed to be the first of its kind in Canada.

The station added some credibility by luring well-known sportscaster Jim Fitzpatrick away from MCTV and naming him news director along with local broadcasting personality Lou-Anne Young as on-air talent.

Instead of pursuing a community TV licence from the Canadian Radio-television and Telecommunication Commission, Huckerby and his associates opted for the fastest, cheapest way to get on the air, via the Internet, which has no licensing requirements and is regulation-free.

With a thrice-daily newcast, LTV is out covering city hall, high school sports, community features and breaking news with a staff of 12, including reporters, videographers, production staff and sales representatives working out of a former modelling studio near the downtown.

Utilizing technology that encodes video on a Flash platform, viewers can click on a thumbnail window to view an entire news package of between a half hour and 40 minutes to individual video clip stories.

Further plans are in the works next year to establish two-person news bureaus in Wawa, Elliot Lake and Blind River to cover the entire Algoma district and feed stories into the Web site.

Almost two weeks into the venture, Huckerby says LTV is profitable, having easily surpassed the sales forecast Sales forecast

A key input to a firm's financial planning process. External sales forecasts are based on historical experience, statistical analysis, and consideration of various macroeconomic factors.
 in their business plan for the inaugural month.

"We were only expecting to bring in $20,000 in our first month; we've hit $68,000," says Huckerby, who is heartened by the outpouring of support from the business community, but admits it is "scary" to maintain that kind of momentum.

"The business community wants to see this go and obviously they're putting their money on the table."

Huckerby says major networks such as Global and CTV CTV Canadian Television (Network Limited)  are abandoning smaller regional markets in favour of pursuing national advertising dollars, and news coverage of the North is paying the price. Small retailers who normally would not advertise on television are coming on board LTV.

On opening day, 2,111 viewers visited the Web site, generating about 300,000 hits, and with "each hit a commercial is being played." says Huckerby, who hopes to boost that to 7,000 a day.

Their long-range plans to pursue a conventional television licence will depend upon the success of the Internet product. With the uncertainty in the television market over where the new high definition and digital technologies are going. Huckerby says it makes no sense today to invest big bucks in a transmitter and tower through a conventional TV station.

LTV's largest audience is outside the Sault with Web site hits from France, Belgium, Russia, Germany and Australia.

www.ltvnews.com

By IAN ROSS

Northern Ontario Business Northern Ontario Business is a Canadian magazine, which publishes monthly in Greater Sudbury, Ontario. The magazine covers business news and issues in Northern Ontario.  
COPYRIGHT 2003 Laurentian Business Publishing, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2003, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Article Details
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Title Annotation:Sault Ste Marie; LTV News
Author:Ross, Ian
Publication:Northern Ontario Business
Article Type:Company Profile
Geographic Code:1CONT
Date:Nov 1, 2003
Words:640
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