Mostly about internal shuffling in Sinclair's ranks, interesting mainly because
it's nice to see a broadcast company moving forward.
But that's not why I posted this. I posted it for this quote, which seems
another attempt at obfuscating instead of educating. Not sure why things like
this are written, when they clearly make no sense. But it goes along with a lot
of the "interactive" propaganda wrt ATSC 3.0 (which is followed usually by
same-old broadcast-only talk).
Quoting:
"Smith is particularly bullish on the medium of broadcasting. He has pushed
mobile television for two decades, and under his purview, Sinclair has become
one of the leading proponents for ATSC 3.0, the first broadcast transmission
standard that will enable two-day communications over broadcast airwaves."
First, I'll attempt some FEC. May I suggest that "enable two-day
communications" really intended to say "two-way communications"? It makes no
sense either way, but just a guess.
So, why are we still being fed this propaganda? ATSC 3.0 may well try to bring
together one-way broadcasts with an Internet-based interactive component, BUT
NOT "two-way" over the public airwaves! How are people so easily fooled on
this? Where does ATSC 3.0 propose to deploy a cellular or any other 2-way
scheme, over the allotted frequency channel? Are the supposed OTA transmitters
in people's homes discussed in any of the literature? Where are the OTA uplinks
defined at all?
I guess that non-technical types view a lot about the technology we use as pure
magic, but surely this is basic enough that anyone ought to be skeptical? This
reminds me of the news item back when, that the governor of Sardinia was
surprised and disappointed when he found out that migrating to DVB-T did NOT
mean that TV broadcast would bring the Internet into people's homes. Deja vue
all over again. I guess we're going to get this revealed too, at some point,
wrt ATSC 3.0.
Bert
-------------------------------------
http://www.tvtechnology.com/atsc3/0031/sinclairs-mr-smith-goes-to-washington/279771
Sinclair's Mr. Smith Goes to Washington
Sinclair scion to focus on news operations, ATSC 3.0 and broadcast-related
public policy
November 2, 2016
Posted by Deborah D. McAdams
BALTIMORE-The long-time chief executive at Sinclair Broadcast Group is going to
Washington. David Smith, CEO since 1988 and chairman of the board since 1990,
is becoming executive chairman to have more time to "become directly involved
with public policy as it relates to the broadcast industry." Concurrently,
Smith will also exercise "direct oversight of the development, implementation
and globalization of the Next Generation Broadcast Platform-ATSC 3.0-and
expansion of [Sinclair's] news franchise."
Christopher Ripley, chief financial officer since 2014, moves into the CEO
office and Lucy Rutishauser, formerly senior vice president of corporate
finance and treasurer, becomes CFO. Wall Street said "OK." Shares (NASDAQ:SBGI)
had a bit of a boost this morning, rising around 80 cents before settling back
down around $25, where they've hovered since last Friday. Marci Ryvicker of
Wells Fargo predicted the Street would welcome the executive shuffle since
Rutishauser and Ripley "have proven to be very effective leaders."
Ripley will oversee and manage the company's business and operations, and
report to the board of directors. Rutishauser will have direct oversight of the
company's treasury, accounting, tax, finance, business intelligence and
analytics, investor relations and corporate communications departments.
Under Smith, son of Sinclair founder Julian Smith, the company mushroomed from
a few stations to the largest station group in the United States, with around
170 nationwide. The younger Smith's tenure also ushered in the local marketing
agreement, which allowed them to run their own stations and those owned by
others in the same market. Smith also made Sinclair a national cable TV network
operator with the $350 million purchase of Tennis Channel last January, and
created a national news franchise last fall with the launch of the weekly
Sunday morning "Full Measure With Sharyl Attkisson."
Smith is particularly bullish on the medium of broadcasting. He has pushed
mobile television for two decades, and under his purview, Sinclair has become
one of the leading proponents for ATSC 3.0, the first broadcast transmission
standard that will enable two-day communications over broadcast airwaves.
Sinclair has developed technology, conducted tests, hosted plugfests, worked
directly with South Korean broadcasters and done demonstration broadcasts of
ATSC 3.0 and its capability. The company most recently announced that it would
spec out receivers to develop its own targeted audience metrics.
"My revised role allows me to focus on our most important assets: local and
national news content, and the launch of the 'Next-Gen' Broadcast Platform and
associated single frequency network, IP network infrastructure and user-data
collection, which are expected to revolutionize the way television broadcasters
transmit data and interface with end user consumers," Smith said in a statement
announcing the executive shift.
Ripley, who joined Sinclair in 2014, led the company's spectrum auction
strategy, oversaw the acquisition of the Tennis Channel, and "acquired/invested
in strategic assets that allow the company to be multiplatformed."
From 2013 until joining Sinclair, he was founder and managing partner of Canor
LLC, a boutique media and entertainment advisory firm. He was previously
managing director at UBS Investment Bank's Global Media Group and served as
head of the Los Angeles office; was a principal in Prime Ventures LLC; and
worked in the investment banking division of Donaldson, Lufkin & Jenrette
Securities Corp. Ripley graduated from the University of Western Ontario,
Richard Ivey School of Business, with a Bachelor of Arts in Honors Business
Administration. He holds Series 7 and Series 24 licenses.
Rutishauser served as treasurer since 2001, senior vice president of corporate
finance since 2013 and vice president of corporate finance from 2002 to 2013.
Prior to that, Rutishauser served in financial roles for Treasure Chest
Advertising Co., Integrated Health Services, Inc., Laura Ashley, Inc. and the
Black and Decker Corp. Rutishauser graduated magna cum laude from Towson
University with a Bachelor of Science degree in Economics and Finance and
received her Masters in Business Administration degree with honors from the
University of Baltimore.
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