Advance Publications, the parent company of al.com and the Press-Register, announced to staff last week a new consolidation that was short on specifics as to what it might mean for news consumers and employees.
A joint statement by Advance Local CEO Randy Siegel and President Caroline Harrison said the company will be combining Advance Local, ADI and ACS into one company to be known as Advance Local Media LLC.
“Our industry is changing. We all feel it every day. As an organization, we have taken major steps in the past to stay ahead of that change, and today we take another one,” the statement read.
The statement mostly outlined a number of changes in the organizational structure at the top of the company as efforts are combined. No specifics were offered as to whether the consolidations will mean layoffs or changes in print schedules, although some insiders have said there have been some recent layoffs in the company’s printing wing.
The statement also said the company was making the move to build upon its successes in digital growth to “create a more sustainable business for the long term.”
“We’ve been working on this for a while, but today is a beginning not a conclusion,” they wrote.
Advance is the newspaper division of Newhouse Publishing.
iHeartradio, Cumulus bankruptcy issues
Radio conglomerate iHeartradio’s plan to refinance more than $15 billion in debt and surrender 87 percent of the equity in the company was rejected by creditors last week.
Creditors are pushing the company to follow one of the country’s other large radio companies, Cumulus, which declared bankruptcy last week. The majority of radio stations in the Mobile-Pensacola market are owned by the two companies. Ten of the 13 top stations in Mobile are owned by one company or the other and all of Pensacola’s top nine stations are, according to Nielsen Audio.
iHeart’s creditors are pushing for greater control of the company and a Securities and Exchange Commission filing last Thursday says creditors are pushing bankruptcy as one possible solution.
Sealls earns more kudos
WKRG Chief Meteorologist Alan Sealls will need to add more space to his trophy shelf as he recently picked up two more regional Emmy Awards.
The Suncoast Chapter of the National Academy of Television Arts & Sciences was awarded in the Weather News category for his piece “Supermoon or Super Hype?” He also won the “Talent” award in the Weather category for “I wonder what that was!”
Sealls was the only winner from a Mobile station and adds to a string of Emmys and other awards over the past several years.
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