BNET Industries

Market Cap:$142.6M
Last Fiscal Year Sales:$395.9M
  • Public
  • US
Dow Jones Description

Television Station Operator

President & CEO
Vincent L. Sadusky
Number of Employees 2,098
Contact Information

4 Richmond Sq Ste 200

Providence, Rhode Island 02906

www.lintv.com

(401) 454-0288

NAICS Code Television Broadcasting: 515120

Recent Events

  • LIN TV Beats Street

    10/29/09 - Merger / Acquisition - View Story

  • Journal TV Station Revenues Fall 24 Percent

    10/20/09 - Financial Announcement - View Story

  • LIN TV Completes Acquisition of Red McCombs Media

    10/14/09 - Merger / Acquisition - View Story

  • LIN TV Acquires Red McCombs Media

    10/06/09 - Merger / Acquisition - View Story

  • LIN TV launches mobile BlackBerry application for news

    8/18/09 - Product Announcement - View Story

  • Ad revenue declines 22% at LIN TV

    8/07/09 - Financial Announcement - View Story

  • Mark Higgins Named Vice President, General Manager of LIN TV's WTNH-TV/WCTX-TV

    6/29/09 - Mgmt. Change Entering - General Manager - View Story

  • Mark Higgins Named Vice President, General Manager of LIN TVs

    6/24/09 - Mgmt. Change Entering - Other - View Story

News & Analysis

lin tv corp. - All News and Analysis

Decision Makers

Name (plus bio) Position
Vincent L. Sadusky President & CEO
Richard Schmaeling Senior Vice President & Chief Financial Officer
Greg Schmidt Executive Vice President
Scott Blumenthal Executive Vice President, Television
Bart Catalone Senior Vice President
Dan Donohue Vice President, HR
Denise Parent General Counsel, Secretary & Vice President
Larry Oaks Vice President, IT
Peter Maloney Vice President, Benefits & Special Projects
Rebecca Duke Vice President, Distr
Robb Richter Vice President, Internet
James Burnes Reg Director, Internet, Midwest Reg
Les Garrenton Director, Engineering & Brdcst Sys
Michael Kelly Director, Sales Interactive & New Media
Rosetta Rolan Director, Diversity
William J. Gaffney Reg Director, Interactive, East Coast Region

Board of Directors

Name (plus bio) Position
Douglas McCormick Chair of Board
Gary R. Chapman Board of Directors
Michael A. Pausic Board of Directors
Mitchell Stern Board of Directors
William A. Cunningham Board of Directors
William H. Cunningham Board of Directors
William S. Banowsky Board of Directors

Mr. Sadusky was elected to our Board in July 2006, when he was also appointed our President and Chief Executive Officer. From August 2004 until July 2006, Mr. Sadusky served as Vice President Chief Financial Officer and Treasurer of the Company. From 1999 until August 2004, Mr. Sadusky was Chief Financial Officer and Treasurer of Telemundo Communications Group, Inc., where he worked for over ten years. Prior to joining Telemundo Communications, he performed audit and consulting services for seven years with Ernst & Young, LLC. Mr. Sadusky serves on the boards of Maximum Service Television, Inc. (MSTV) and the Open Mobile Video Coalition (OMVC). Mr. Sadusky received his BS in accounting from Penn State University and his MBA from New York Institute of Technology.

Organization Position Status
LIN TV Corp. President & CEO Current
Fat Cat Chef Current
LIN TV Corp. Board of Directors Current
LIN TV Corp. CFO, Vice President & Treasurer Former
NBC Universal, Inc. Chief Financial Officer Former

Richard J. Schmaeling has been Senior Vice President and Chief Financial Officer since October 2008. He was previously employed by Dow Jones & Company, Inc. in the positions of Vice President, Finance since 2007 and Vice President, Business Unit Finance from 2004 – 2007. Mr. Schmaeling was Vice President, Finance of Bracco Diagnostics Inc. from 1994 – 2004.

Organization Position Status
LIN TV Corp. Senior Vice President & Chief Financial Officer Current
Dow Jones & Company, Inc. Vice President, Finance Former

Organization Position Status
LIN TV Corp. Executive Vice President Current
Fat Cat Chef Current
Covington & Burling Former

Scott M. Blumenthal has been Executive Vice President Television since September 2006. From February 2005 until September 2006, he served as Vice President Television of our wholly-owned subsidiary, LIN Television Corporation. Mr. Blumenthal previously held general manager positions at our WISH-TV station from May 1999 to September 2002 and at our WOOD-TV and WOTV-TV stations from May 1994 to May 1999.

Organization Position Status
LIN TV Corp. Executive Vice President, Television Current
Fat Cat Chef Current
Wotv General Manager of WOOD Former

Organization Position Status
LIN TV Corp. Senior Vice President Current

Organization Position Status
LIN TV Corp. Vice President, HR Current

Denise M. Parent has been Vice President General Counsel and Secretary since September 2006. Previously, she was Vice President Deputy General Counsel since March 1997. From April 1993 to March 1997, Ms. Parent was employed by The Providence Journal Company as Senior Corporate Counsel. Prior to 1993, Ms. Parent was employed by Adler, Pollock & Sheehan Incorporated, a law firm in Providence, Rhode Island.

Organization Position Status
LIN TV Corp. General Counsel, Secretary & Vice President Current

Organization Position Status
LIN TV Corp. Vice President, IT Current

Organization Position Status
LIN TV Corp. Vice President, Benefits & Special Projects Current

Organization Position Status
LIN TV Corp. Vice President, Distr Current

Robert S. Richter has been Senior Vice President New Media since September 2008. Previously, he was Vice President Internet of LIN Television Corporation since 2006. From 2001 – 2006, Mr. Richter served as Vice President of Marketing and Sales Planning for ShopNBC. Prior to 2001, Mr. Richter was Vice President, DET, LLC, a market newspaper consulting company.

Organization Position Status
LIN TV Corp. Vice President, Internet Current

Organization Position Status
LIN TV Corp. Reg Director, Internet, Midwest Reg Current

Organization Position Status
LIN TV Corp. Director, Engineering & Brdcst Sys Current

Kelly has more than 25 years experience in broadcast television and online local search marketing. Most recently, he was Chief Sales Officer for LookLocally.com in Dallas, where he worked with national, regional and local clients to market their businesses on major search engines. Prior to, Kelly held the position of National Sales Manager for LIN TV’s WALA-TV (FOX) and WBPG-TV (CW) in Mobile from 2004 to 2006 and was promoted to Director of Sales in 2006. In that role, Kelly managed the rollout of two innovative web platforms in the same year. Kelly’s television career began in 1982 as the Master Control Operator of WAWS-TV in Jacksonville. He received his Bachelor of Science degree in Business Management from the University of Maryland in 1981.

Organization Position Status
LIN TV Corp. Director, Sales Interactive & New Media Current

Rolan previously held the position of Director of Community Affairs for LIN TV’s WAVY-TV (NBC) and WVBT-TV (FOX) in Norfolk since 2001, where she acted as the liaison between the stations and the various service, non-profit, and community organizations in the viewing area. Her responsibilities included managing several community service campaigns, such as Hampton Roads Young Achievers, Jefferson Awards, Operation School Supplies, and Coats for Kids. She was also the executive producer of Kid Talk and producer of The Bottom Line on WAVY-TV and Families First on WVBT-TV.Rolan’s television career began in 1997 as the Programming and Executive Assistant to the Vice President/General Manager of WTVR-TV, the CBS affiliate in Richmond, Virginia. Rolan is a native of Chesapeake, Virginia, and received her Bachelor of Science degree in Mass Communications from Virginia Commonwealth University in 1989.Rolan currently serves on the boards of the March of Dimes and American Heart Association Mid-Atlantic Affiliate, and is a member of the Mayor’s Sister Cities Commission for the City of Portsmouth, Virginia where she resides. Past community service includes the Public Relations Committee for the Urban League of Hampton Roads, Inc., the Red Cross Diversity Advisory Council, and the Eastern Virginia Medical School Cultural Diversity Training Advisory Group.

Organization Position Status
LIN TV Corp. Director, Diversity Current

Most recently, Gaffney worked as Vice President, Technology, Production & Editorial of Herald Media, Inc., where he launched the redesign of BostonHerald.com to expand the site’s user interactivity and depth of content. His responsibilities included implementation of new media strategy and architecture, strategic market planning, P&L accountability, contract review and price negotiation, budgeting and expense control, and cross-functional team leadership.

Organization Position Status
LIN TV Corp. Reg Director, Interactive, East Coast Region Current

Mr. McCormick was elected to our Board and named non-executive Chairman of our Board in September 2006. Mr. McCormick is a Venture Partner with Rho Ventures, a division of Rho Capital Partners, which he joined in October 2006. Mr. McCormick’s primary focus at Rho is on investments in the media sector. Prior to Rho, Mr. McCormick was CEO of iVillage Inc. from August 2000 until the sale of iVillage Inc. to NBC Universal in May 2006. He also served on iVillage’s Board of Directors, to which he was appointed in February 1999 and was elected Chairman in April 2001. Mr. McCormick also served as President and Chief Executive Officer of Lifetime Television, a cable network provider, from 1993 to 1998. Prior to Lifetime, Mr. McCormick held executive positions with The Samuel Goldwyn Company, Cable Health Network, Petry Television and KCOP-TV. Currently, Mr. McCormick is a member of the board of Ovation Television and is Chairman of the Board of Waterfront Media. Mr. McCormick received his MBA from Columbia University.

Organization Position Status
LIN TV Corp. Chair of Board Current

Organization Position Status
Fat Cat Chef Current
LIN TV Corp. Board of Directors Current
LIN TV Corp. Chairman, President & CEO Former
Southern Illinois University Carbondale BS degree in radio and television communications Former

Organization Position Status
Fat Cat Chef Current
LIN TV Corp. Board of Directors Current
20th Century Fox Film Corp. Vice President of market development Former
Viacom Inc. corporate Vice President Former
Viacom Inc. Deputy Chairman Former
Duke University M.B.A. Former

Mr. Stern was elected to our Board in September 2006. Mr. Stern previously served, from 2004 to March 2005, as President and Chief Executive Officer of the DirecTV Group, Inc., a satellite television provider. From 1998 until December 2003, Mr. Stern was Chairman and CEO of Fox Television Stations and Twentieth Television, both divisions of News Corporation, where he worked since 1986. From 1978 until 1986, Mr. Stern held various positions in the CBS Television Stations division. Mr. Stern received his MBA from the University of Chicago.

Organization Position Status
LIN TV Corp. Board of Directors Current

Organization Position Status
LIN TV Corp. Board of Directors Current
LIN TV Corp. Vice President & Controller Former

Organization Position Status
LIN TV Corp. Board of Directors Current

Mr. Banowsky was elected to our Board in May 2002. Since 2001, Mr. Banowsky has served as Chief Executive Officer of Magnolia Pictures Company, an independent film distribution company. From March 1999 to September 2000, Mr. Banowsky was Executive Vice President and General Counsel of AMFM, Inc., which was publicly traded on the New York Stock Exchange until September 2000. From January 1997 to July 2000, Mr. Banowsky was Executive Vice President and General Counsel of Capstar Broadcasting Corporation, which was publicly traded on the New York Stock Exchange until it merged with AMFM, Inc., in July 1999. Mr. Banowsky practiced law for 10 years in Dallas, Texas prior to joining Capstar. Mr. Banowsky served as a director of Sunrise Television Corporation and STC Broadcasting, Inc. until May 2002, when they were merged into the Company.

Organization Position Status
LIN TV Corp. Board of Directors Current

Executive News

  • Wait for a Tide-Turner

    Broadcast Newsroom - 7/13/09 - View Story

  • Richter Sets Sites on Revenue

    Broadcast Newsroom - 7/06/09 - View Story

  • Mark Higgins Named Vice President, General Manager of LIN TV's WTNH-TV/WCTX-TV

    Forbes.com - 6/29/09 - View Story

  • Mark Higgins Named Vice President, General Manager of LIN TV's WTNH-TV/WCTX-TV

    Denver Business Journal - 6/29/09 - View Story

  • Mark Higgins Named Vice President, General Manager of LIN TV's WTNH-TV/WCTX-TV

    Globe Investor - 6/29/09 - View Story

  • Mark Higgins Named Vice President, General Manager of LIN TVs

    Business Wire via MSN Money - 6/24/09 - View Story

  • Mark Higgins Named Vice President, General Manager of LIN TVs WTNH-TV/WCTX-TV

    Business Wire - 6/24/09 - View Story

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     TVL $4.95 +0.07 (1.43% )
Average Volume 222,936
Shares Outstanding 52.31M
Market Cap 258.9M
Year High 6.25
Year Low 0.45
Earnings Per Share -12.32
P/E Ratio -0.40
Dividend N/A
Yield N/A
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