Chyron Corporation
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The Chyron Corporation, formerly ChyronHego Corporation, headquartered in
Melville, New York Melville is an affluent Hamlet (New York), hamlet and census-designated place (CDP) in the Huntington, New York, Town of Huntington in Suffolk County, New York, Suffolk County, on Long Island, in New York (state), New York, United States. The pop ...
, is a company that specializes in broadcast graphics creation, playout, and real-time data visualization for live television, news, weather, and sports production. Chyron's graphics offerings include hosted services for graphics creation and order management, on-air graphics systems, channel branding, weather graphics, graphics asset management, clip servers, social media and second screen applications, touchscreen graphics, telestration, virtual graphics, and player tracking. The company was founded in 1966 as Systems Resources Corporation. In its early days it was renamed "Chiron" after the centaur
Chiron In Greek mythology, Chiron ( ; also Cheiron or Kheiron; ) was held to be the superlative centaur amongst his brethren since he was called the "wisest and justest of all the centaurs". Biography Chiron was notable throughout Greek mythology for ...
in Greek mythology. In the 1970s it pioneered the development of broadcast titling and graphics systems. Use of its graphics generators by the major New York City–based US television networks ABC, NBC, and eventually CBS, integrated text and graphics into news and sports coverage on broadcast television and later on cable TV. By the 1980s, Chyron had captured a 70 percent market share in its field. It was the most profitable company on
Long Island Long Island is a densely populated continental island in southeastern New York (state), New York state, extending into the Atlantic Ocean. It constitutes a significant share of the New York metropolitan area in both population and land are ...
. In 1983 it achieved a
market capitalization Market capitalization, sometimes referred to as market cap, is the total value of a publicly traded company's outstanding common shares owned by stockholders. Market capitalization is equal to the market price per common share multiplied by ...
of $112 million, high at the time for a small high-tech firm before the age of dot-com and the Internet.


Corporate history

Chyron's graphics generator technology was originated by Systems Resources Corporation, founded in 1966 by Francis Mechner and engineer Eugene Leonard as equal partners and sole directors and shareholders. Mechner had just sold his educational technology company Basic Systems, Inc. to
Xerox Xerox Holdings Corporation (, ) is an American corporation that sells print and electronic document, digital document products and services in more than 160 countries. Xerox was the pioneer of the photocopier market, beginning with the introduc ...
Corporation; and Leonard had sold Digitronics Corporation, of which he was president. Mechner and Leonard previously worked together in the late 1950s at Schering Corporation, creating a computerized data collection and analysis system for its behavioral psychopharmacology laboratory. Mechner provided the capital for Systems Resources Corporation's first five years of operation and Leonard provided his engineering expertise. Between 1966 and 1972, the company developed several innovative digital technology-based products, including a digital graphics generator for displaying letters on a television screen, which it called "Chiron" after the centaur
Chiron In Greek mythology, Chiron ( ; also Cheiron or Kheiron; ) was held to be the superlative centaur amongst his brethren since he was called the "wisest and justest of all the centaurs". Biography Chiron was notable throughout Greek mythology for ...
in Greek mythology. The device controlled the edging of the displayed characters in a manner that took background variables into account. In 1972, the company hired Joseph L. Scheuer as its vice president of operations (he was an engineer at Leonard's Digitronics). From 1971 to 1978, Eugene Leonard was the company's president, and also directed engineering. The Chiron I, Chiron II and Chiron III character generator families were developed during this time, with conceptual design entirely by Leonard. In 1975, Systems Resources Corporation merged with Computer Exchange, a used-computer brokerage owned by engineer Leon Weissman, who had also worked for Leonard at Digitronics (Director of Engineering, 1962–1964). Weissman's company had cash, but its business was in a slump. The merger provided SRC with funding beyond Mechner's contributions. The merged company, Chiron, was located in
Plainview, New York Plainview is a Hamlet (New York), hamlet and census-designated place (CDP) located in the town of Oyster Bay (town), New York, Oyster Bay in east central Nassau County, New York, United States. The population of the CDP was 27,100. The Plainv ...
, only a few miles from its present Melville location. Leon Weissman placed emphasis on sales and field service, starting the company on a decade of increasingly profitable operations. Differences emerged between Leonard and Weissman with the former wanting to use more of the profits earned for engineering development of even more sophisticated products. Weissman was more cautious about the early introduction of new products, wanting to accumulate working capital and eventually make some distributions to shareholders. These differences led to the departure of Eugene Leonard from the company in 1978. Joseph Scheuer became president and Leon Weissman became chairman and CEO. In 1983, Leon Weissman turned over his positions as chairman and CEO to Alfred O.P. Leubert. The company continued profitably for some years. Acquisitions were made in order to increase sales. Acquiring companies such as CMX Editing Systems and Aurora Systems did not prove to be profitable in the long run; so much so that in 1991 the company filed for bankruptcy and reorganization. In 1995, new owners took control of the company and appointed Michael I. Wellesley-Wesly as chairman and CEO. In the 1990s and 2000s, Chyron Corporation continued being successful in its core business, but profitability and stock market success never returned to the glory days of the early 1980s. In May 2013, Chyron Corporation merged with Sweden-based company Hego AB and its subsidiaries (collectively, "Hego Group"), a leading provider of graphics and data visualization solutions for TV and sports. The combined company was rebranded as ChyronHego and is headquartered in Melville, New York, with offices in the Czech Republic, Denmark, Finland, Germany, Mexico, Norway, Singapore, Slovak Republic, Sweden, and the United Kingdom. In 2015, the
private equity Private equity (PE) is stock in a private company that does not offer stock to the general public; instead it is offered to specialized investment funds and limited partnerships that take an active role in the management and structuring of the co ...
firm Vector Capital bought ChyronHego for $120 million. The stock of the company, which previously traded on the NASDAQ Global Market under the symbol CHYR, was
delisted In corporate finance, a listing refers to the company's shares being on the list (or board) of stock that are publicly listed. Some stock exchanges allow shares of a foreign company to be listed and may allow dual listing, subject to conditions. ...
.Ken Schachter
"ChyronHego stock delisted as private equity deal closes"
''
Newsday ''Newsday'' is a daily newspaper in the United States primarily serving Nassau and Suffolk counties on Long Island, although it is also sold throughout the New York metropolitan area. The slogan of the newspaper is "Newsday, Your Eye on LI" ...
'', March 10, 2015.
In February 2021, ChyronHego announced that the company will return to its former name Chyron, relegating Hego and Tracab to "sub-brands".


Product development and history

Systems Resources Corporation began manufacturing dot-matrix (5×7) character generators (CG) for airport arrival and departure time displays. It also began manufacturing a clean-looking fixed-font (ROM-based) CG sold as the Chiron I. It featured the ability to record and retrieve lower thirds and full page text displays for news departments of TV stations as an alternative to art cards, slides or scrolling black felt. The company built its own multi-track magnetic storage device, the VidiLoop, based on a two-foot loop of computer tape in a thick clear plastic housing. On the Chiron I, it was used solely for title storage. It was also used on a few early Chiron IIs, but due to increased storage requirements it was replaced by Shugart SA901 8-inch
floppy drive A floppy disk or floppy diskette (casually referred to as a floppy, a diskette, or a disk) is a type of disk storage composed of a thin and flexible disk of a magnetic storage medium in a square or nearly square plastic enclosure lined with a ...
s as soon as they were available. The name Chiron was already registered in California, so by changing them to a Y in the 1970s they were able to keep the familiar-sounding name and became initially Chyron Telesystems and, later still, Chyron Corporation, capitalizing on the product's name recognition. The Chiron II featured up to six loadable fonts (typefaces) with, for the time, very high video resolution. The display circuits were running so fast (27 ns) that the fastest ICs available were used and had to be hand selected during manufacture as not all samples were up to par. It was also the company's first unit to incorporate a 16-bit mini-computer known as the DataMate-70. That processor's code base was used in the Chiron IV and 4100 series systems, which were the workhorses of the mobile sports graphics industry from the late 1970s through most of the 1980s. Programs and fonts were loaded from loop or disk into computer style magnetic core memory. As the font data access needed to be done more quickly than a single core memory could achieve, four core boards were used in parallel to provide faster access. It was also the first CG that had non-monospaced fonts with adjustable inter-row and inter-character spacing. All of that capability came at a cost too dear for many small market TV stations, and so a spin-off of a project for NBC became the Chiron III (later IIIB); a less capable system that was adequate for many TV news departments was developed and sold. It became the first mobile graphics systems of
ABC Sports ABC are the first three letters of the Latin script. ABC or abc may also refer to: Arts, entertainment and media Broadcasting * Aliw Broadcasting Corporation, Philippine broadcast company * American Broadcasting Company, a commercial America ...
under
Roone Arledge Roone Pinckney Arledge Jr. (July 8, 1931 – December 5, 2002) was an American sports and news broadcasting executive who was president of ABC Sports from 1968 until 1986 and ABC News from 1977 until 1998, and a key part of the company's rise ...
. It was he who pushed the increased use of graphics in sports to what it is today—a significant portion of live sports entertainment. The III's success provided the impetus for the Chiron IV, which was a modernized and reduced-package-size Chiron II suitable for mobile use. It quickly replaced the Chiron IIIs as the dominant sports graphics system. In 1989, Chyron released the iNFiNiT!, with the related Max!, and Maxine! Coming later in the 90s. Chyron grew into the leading hardware manufacturer and software designer of 2D and 3D broadcast character generators in North America.


As generic reference

"
Lower third In the television industry, a lower third is a graphic overlay placed in the title-safe lower area of the screen, though not necessarily the entire lower third of it, as the name suggests. In its simplest form, a lower third can just be tex ...
" television graphics created by character generators are sometimes generically called ''chyrons'' (a form of
genericized trademark A generic trademark, also known as a genericized trademark or proprietary eponym, is a trademark or brand name that, because of its popularity or significance, has become the generic term for, or synonymous with, a general class of products or ...
) regardless of who made them.


See also

*
Vizrt Vizrt (), short for ''Visualization in Real-Time'' or ''Visual Artist'', is a Norwegian company that creates content production, management, and distribution tools for the digital media industry. Its products include real-time 3D graphics syste ...


References


External links

* {{official website
"First-Hand: Inventing the Vidifont: the first electronics graphics machine used in television production" (2008)
1966 establishments in New York (state) American companies established in 1966 Companies based in Suffolk County, New York Computer companies of the United States Computer hardware companies Computer companies established in 1966 Software companies of the United States Mass media companies established in 1966 Television technology Video equipment manufacturers Mass media companies of the United States