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Lincoln Financial Media
Lincoln Financial Media was a subsidiary of Lincoln National Corporation that owned radio stations in the United States. The division was formed in 2006 following the company's acquisition of Jefferson-Pilot's television and radio operations, which were renamed Lincoln Financial Media. The group, at the time of its closure, owned 14 radio stations in Miami, San Diego, Denver, and Atlanta. It also owned WBT, WBT-FM, and WLNK (FM) in Charlotte, North Carolina and WBTV, the CBS affiliate in Charlotte; WCSC-TV, the CBS affiliate in Charleston, South Carolina and WWBT, the NBC affiliate in Richmond, Virginia. All three of the aforementioned TV stations are now owned by a successor company Gray Media. History The media company began in 1945 as Jefferson Standard Broadcasting Company, Inc., which became Jefferson-Pilot Communications in 1968. The company was a media-centered division of the Jefferson Standard Insurance Company of Greensboro, North Carolina, Greensboro, North Carolina, w ...
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Subsidiary
A subsidiary, subsidiary company, or daughter company is a company (law), company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidiary company. Unlike regional branches or divisions, subsidiaries are considered to be distinct entities from their parent companies; they are required to follow the laws of where they are incorporated, and they maintain their own executive leadership. Two or more subsidiaries primarily controlled by same entity/group are considered to be sister companies of each other. Subsidiaries are a common feature of modern business, and most multinational corporations organize their operations via the creation and purchase of subsidiary companies. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, and Citigroup, which have subsidiaries involved in many different Industry (e ...
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Greensboro, North Carolina
Greensboro (; ) is a city in Guilford County, North Carolina, United States, and its county seat. At the 2020 United States census, 2020 census, its population was 299,035; it was estimated to be 307,381 in 2024. It is the List of municipalities in North Carolina, third-most populous city in North Carolina, after Charlotte, North Carolina, Charlotte and Raleigh, North Carolina, Raleigh, and the List of United States cities by population, 69th-most populous city in the United States. The population of the Greensboro–High Point metropolitan statistical area was estimated to be 789,842 in 2023. The Piedmont Triad region, of which Greensboro is the most populous city, had an estimated population of 1,736,099 in 2023. In 1808, Greensboro was planned around a central courthouse square to succeed Guilford Court House, North Carolina, Guilford Court House as the county seat. The county courts were thus placed closer to the county's geographical center, a location more easily reached a ...
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Media Market
A media market, broadcast market, media region, designated market area (DMA), television market area, or simply market is a region where the population can receive the same (or similar) television station, television and radio broadcasting, radio station offerings, and may also include other types of media such as newspapers and internet content. They can coincide with or overlap with one or more metropolitan areas, though rural regions with few significant population centers can also be designated as markets. Conversely, very large metropolitan areas can sometimes be subdivided into multiple segments. Market regions may overlap, meaning that people residing on the edge of one media market may be able to receive content from other nearby markets. They are widely used in audience measurements, which are compiled in the United States by Nielsen Media Research. Nielsen has measured both television and radio audiences since its acquisition of Arbitron, which was completed in Septemb ...
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City Of License
In U.S., Canadian, and Mexican broadcasting, a city of license or community of license is the community that a radio station or television station is officially licensed to serve by that country's broadcast regulator. In North American broadcast law, the concept of ''community of license'' dates to the early days of AM radio broadcasting. The requirement that a broadcasting station operate a ''main studio'' within a prescribed distance of the community which the station is licensed to serve appears in U.S. law as early as 1939. Various specific obligations have been applied to broadcasters by governments to fulfill public policy objectives of broadcast localism, both in radio and later also in television, based on the legislative presumption that a broadcaster fills a similar role to that held by community newspaper publishers. United States In the United States, the Communications Act of 1934 requires that "the Commission shall make such distribution of licenses, frequenci ...
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KKLQ (FM)
KKLQ (100.3 MHz, "Positive, Encouraging 100.3") is a non-commercial FM radio station owned by Educational Media Foundation (EMF) and carries the Christian adult contemporary format of its nationally syndicated network K-Love throughout the Greater Los Angeles area. Licensed to Los Angeles, California, KKLQ's transmitter is located atop Mount Wilson and has a booster in Santa Clarita, KKLQ-FM2 at 100.3 MHz, to extend its coverage into the Santa Clarita Valley and other areas north of Los Angeles. From 2008 to 2017, the station broadcast a classic rock format (though it initially aired an adult album alternative format) under the brand ''100.3 The Sound'' as KSWD. In 2017, station owner Entercom announced its merger with CBS Radio. In order to satisfy Federal Communications Commission (FCC) ownership caps, Entercom retained CBS Radio's pre-existing Los Angeles cluster but divested KSWD to EMF, who assumed control of the station on November 16, 2017, and flipped it to K-Lo ...
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Working Capital
Working capital (WC) is a financial metric which represents operating liquidity available to a business, organisation, or other entity, including governmental entities. Along with fixed assets such as plant and equipment, working capital is considered a part of operating capital. Gross working capital is equal to current assets. Working capital is calculated as current assets minus current liabilities. If current assets are less than current liabilities, an entity has a working capital deficiency, also called a working capital deficit and negative working capital. A company can be endowed with assets and profitability but may fall short of liquidity if its assets cannot be readily converted into cash. Positive working capital is required to ensure that a firm is able to continue its operations and that it has sufficient funds to satisfy both maturing short-term debt and upcoming operational expenses. The management of working capital involves managing inventories, accounts rece ...
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Gray Television
Gray Media, Inc., doing business as Gray Television, is an American publicly traded television broadcasting company based in Atlanta. Founded in 1946 by James Harrison Gray as Gray Communications Systems, the company owns or operates 180 stations across the United States in 113 markets. Its station base consists of media markets ranging from as large as Atlanta to one of the smallest markets, North Platte, Nebraska. History James H. Gray started his communication business in Albany, Georgia with the purchase of The Herald Publishing Company (a company founded in 1897 to promote ''The Albany Herald'', a newspaper that started publication in 1891), in 1946 after he returned from World War II. The purchase included WALB radio. Gray launched WALB-TV in 1954. In 1960, Gray purchased WJHG-TV in Panama City, Florida, and followed it later in the decade with KTVE serving Monroe, Louisiana and southern Arkansas. In 1986 Gray died, leaving his 50.5% share of the stock in a trust ...
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Raycom Sports
Raycom Sports is a Charlotte, North Carolina–based producer of sports television programs owned by Gray Media. It was founded in 1979 by husband and wife, Rick and Dee Ray. In the 1980s, Raycom Sports established a prominent joint venture with Jefferson-Pilot Communications which made them partners on the main Atlantic Coast Conference (ACC) college basketball package. Raycom was acquired in 1994 by Ellis Communications. Two years later, Ellis was acquired by a group led by Retirement Systems of Alabama, who renamed the entire company Raycom Media to build upon the awareness of Raycom Sports. The company would be acquired by Gray in 2019. Raycom Sports was well known for its tenure with the ACC, and also had former relationships with the SEC, Big Eight, and Big Ten conferences, as well as the now-defunct Southwest Conference. In the 2010s, Raycom lost both its ACC and SEC rights to ESPN (a network which had, in its early years, picked up Raycom-distributed ACC basketball ...
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Merrill Lynch
Merrill Lynch, Pierce, Fenner & Smith Incorporated, doing business as Merrill, and previously branded Merrill Lynch, is an American investment management and wealth management division of Bank of America. Along with BofA Securities, the investment banking arm, both firms engage in prime brokerage and broker-dealer activities. The firm is headquartered in New York City, and once occupied the entire 34 stories of 250 Vesey Street, part of the Brookfield Place (New York City), Brookfield Place complex in Manhattan. Merrill employs over 14,000 financial advisors and manages $2.8 trillion in client assets ($3.4 trillion for Global Wealth and Investment Management). The company also operates Merrill Edge, a division for investment and related services, including call center counsultancy. Prior to 2009, the company was publicly owned and traded on the New York Stock Exchange. Merrill Lynch & Co. agreed to be acquired by Bank of America on September 14, 2008, at the height of the 2008 f ...
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Lincoln Financial Media
Lincoln Financial Media was a subsidiary of Lincoln National Corporation that owned radio stations in the United States. The division was formed in 2006 following the company's acquisition of Jefferson-Pilot's television and radio operations, which were renamed Lincoln Financial Media. The group, at the time of its closure, owned 14 radio stations in Miami, San Diego, Denver, and Atlanta. It also owned WBT, WBT-FM, and WLNK (FM) in Charlotte, North Carolina and WBTV, the CBS affiliate in Charlotte; WCSC-TV, the CBS affiliate in Charleston, South Carolina and WWBT, the NBC affiliate in Richmond, Virginia. All three of the aforementioned TV stations are now owned by a successor company Gray Media. History The media company began in 1945 as Jefferson Standard Broadcasting Company, Inc., which became Jefferson-Pilot Communications in 1968. The company was a media-centered division of the Jefferson Standard Insurance Company of Greensboro, North Carolina, Greensboro, North Carolina, w ...
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Broadcast Syndication
Broadcast syndication is the practice of content owners leasing the right to broadcast their content to other television stations or radio stations, without having an official broadcast network to air it on. It is common in the United States where broadcast programming is scheduled by television networks with local independent Network affiliate, affiliates. Syndication is less widespread in the rest of the world, as most countries have centralized networks or television stations without local affiliates. Shows can be syndicated internationally, although this is less common. Three common types of syndication are: ''first-run'' syndication, which is programming that is broadcast for the first time as a syndicated show and is made specifically for the purpose of selling it into syndication; ''Off-network'' syndication (colloquially called a "rerun"), which is the licensing of a program whose first airing was on stations inside the Television broadcaster, television network that prod ...
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Jefferson Pilot Sports
Raycom Sports is a Charlotte, North Carolina–based producer of sports television programs owned by Gray Media. It was founded in 1979 by husband and wife, Rick and Dee Ray. In the 1980s, Raycom Sports established a prominent joint venture with Jefferson-Pilot Communications which made them partners on the main Atlantic Coast Conference (ACC) college basketball package. Raycom was acquired in 1994 by Ellis Communications. Two years later, Ellis was acquired by a group led by Retirement Systems of Alabama, who renamed the entire company Raycom Media to build upon the awareness of Raycom Sports. The company would be acquired by Gray in 2019. Raycom Sports was well known for its tenure with the ACC, and also had former relationships with the SEC, Big Eight, and Big Ten conferences, as well as the now-defunct Southwest Conference. In the 2010s, Raycom lost both its ACC and SEC rights to ESPN (a network which had, in its early years, picked up Raycom-distributed ACC basketball ga ...
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