UPDATE: Gannett: Broadcasting Would Be Better Off Without Leno
October 19 2009 - 11:02AM
Dow Jones News
Gannett Inc. (GCI) Chief Executive Officer Craig Dubow said
Monday that the company's broadcast stations that are NBC
affiliates would likely be better off if the network hadn't
departed from scripted programming in the 10 p.m. hour in
prime-time with a comedy show hosted by Jay Leno.
On a conference call following the company's third-quarter
earnings release, Dubow tempered his comments about NBC's
prime-time programming strategy, saying it's too early to tell
Gannett's broadcasting business will be affected.
Some broadcast stations had objected to NBC's strategy when it
announced its plans to use Leno in prime-time, due to concerns that
it would hurt audience ratings for their late-night news
broadcasts.
"Right now, we would probably be in a little better position
with the traditional [prime-time programming]," said Dubow. "It’s
awfully early to tell at this point. Leno will give us some
opportunities as we move forward."
Gannett's broadcasting business is the nation's largest operator
of NBC-affiliated stations. With NBC Universal's owner, General
Electric Co. (GE), in negotiations with Comcast Corp. (CMCSA) about
surrendering majority ownership of the media conglomerate to the
cable operator, the future of NBC's broadcasting business and its
affiliated stations is unclear due to regulatory and other
issues.
Under questioning on the conference call, Dubow acknowledged
that the prospect of NBC becoming a cable network wouldn't bode
well for Gannett.
"We’re not anywhere a part of those discussions, but it probably
wouldn’t be good for us from an affiliate standpoint," said
Dubow.
-Nat Worden, Dow Jones Newswires; 212-416-2472; nat.worden@dowjones.com