Katz Media Group, Inc. - Hourly Rate - Get a free salary comparison based on job title, skills, experience and education. Fax: (804) 649-6865 U.S.A. In March 1995 Katz gained the national representation con-tract from Chris-Craft Industries for its eight-station group, United Television Inc. Katz and Chris-Craft set up a new unit, United Sales Enterprises, dedicated to selling only the United stations, which billed about $185 million annually. Katz and London-based International Media Sales formed Katz International Ltd., with headquarters in London, England, and other offices Frankfurt, Germany, and Paris, France. U.S.A. At the end of 1991 Peter Goulazian, formerly president of Katz Television Group, succeeded James Greenwald as the CEO of Katz Communications. The Katz Radio Group and its primary competitor, The Interep Radio Store, accounted for an estimated 90 percent of national spot radio advertising. Tom Olson would remain as president and CEO of Katz and report to the head of Chancellor Broadcasting. In March 1995 Katz gained the national representation contract from Chris-Craft Industries for its eight-station group, United Television Inc. Katz and Chris-Craft set up a new unit, United Sales Enterprises, dedicated to selling only the United stations, which billed about $185 million annually. Katz specializes in representing electronic media, including radio stations, cable TV systems, and broadcast television stations. Business Directory of Missouri. Most online reference entries and articles do not have page numbers. In 1982 Mendelson became president of Katz. With the backing of its parent company, Katz was in a position to enjoy a stable, profitable future. The completion of the transcontinental railroad in 1869 enabled manufacturers to sell their products nationally, and the concept of a national brand was born. (212) 750-6400 Principal Competitors: Interep National Radio Sales, Inc.; Viacom Inc. He had joined the firm in 1928. One of its subsidiaries, Katz Millennium Marketing, is dedicated to selling advertising on Internet web sites and other interactive media. Toward the end of 1993 the two investment firms, Sandler Media Partners and 61 K Associates, that together owned about half of Katz's privately-held stock, hired investment firm Lazard Freres "to review their options." “Katz Media Corp.,” Billboard, August 27, 1994, p. 124. Principal Divisions: Katz Radio Group; Katz Television Group. Copyright (c) 2021 Company-Histories.com. Seeing an opportunity to represent advertising media to manufacturers interested in establishing a national presence, Emmanuel Katz, an associate of newspaper publisher William Randolph Hearst, moved from San Francisco to New York to persuade New York-based advertisers to buy ads in Hearst's San Francisco newspapers. Katz Media Group, Inc., a giant in the media representation industry, has a long history that dates back to the 1880s and the very beginning of media representation. It also has a sports marketing division to represent sports teams and venues. Joe Brewer is Pres:Business Ops & Innovation at Katz Media Group Inc. See Joe Brewer's compensation, career history, education, & memberships. The company remained profitable during the 1930s and 1940s, representing newspapers and radio stations. The company remained profitable during the 1930s and 1940s, representing newspapers and radio stations. Business Info. 6205 Peachtree Dunwoody Road Then just a few months later, AMFM Inc. and Clear Channel Communications announced they would merge to create the world’s largest out-of-home media company. In January 1992 Katz Communications acquired Seltel International Inc., a competing television representative, for about $15 million. Goulazian also became president of the company, a post that had been vacant for two years following the departure of Dick Mendelson. An Employee-Owned Company: 1970s and 1980s. Cite this article Pick a style below, and copy the text for your bibliography. In some markets Katz would represent competing stations. The company had failed to meet Wall Street's earnings expectations, due in part to ownership consolidation of radio and television stations. Katz Media Group, Inc. 20880 Stone Oak Parkway San Antonio, tx 78258 BEXAR-TX Tax ID / EIN: xx-xxx9266 Represented By. In the mid-1970s Katz reorganized its television group into two divisions, Katz American and Katz Continental, to serve the different needs of large and small markets. Also in 1995 Katz formed Katz Millennium Marketing, a rep firm dedicated to selling advertising on Internet web sites and other interactive media. From the early 1950s through the early 1970s, the Katz Agency was headed by Eugene Katz, grandson of founder Emmanuel Katz. In June 1992 Katz merged its Katz Cable Sales into Cable Media, which began to expand nationally by opening offices in New York, Chicago, Dallas, and Los Angeles. Through a leveraged buyout, Katz was purchased in 1990 by an investment group consisting of senior management and other investors. Tom Olson, president of Katz, replaced Peter Goulazian as CEO. He had joined the firm in 1928. DLJ purchased all of the stock in Katz held by Sandier and 61 K Associates, making Katz’s senior management DLJ’s only partners in the investment. The company planned to offer 5.5 million shares at $16 to $18 per share, or about 28.7 percent of the firm's common stock. For fiscal 1987 Katz Communications had annual billings of about $1.2 billion for its 200 client television stations and nearly 1,300 radio stations. When Chancellor made its takeover bid, Katz's stock had fallen from its IPO price of $16 to $4.50 per share. In mid-1998 Seltel became the rep for 26 TV stations in 16 different markets that were owned or being transferred to Sinclair Communications. The venture proved successful, and in 1888 Katz established the first media representation firm, called the E. Katz Special Advertising Agency, on New York's Park Row, with the Hearst newspapers as its first client. With the backing of its parent company, Katz was in a position to enjoy a stable, profitable future. Katz Media Group can trace its history to the 19th century and the very beginning of the media representation business. Petrozello, Donna, “Katz Cancels Public Offering with DLJ Deal,” Broadcasting & Cable, July 18, 1994, p. 18. Goulazian also became president of the company, a post that had been vacant for two years following the departure of Dick Mendelson. Katz Media Group, Inc. pays its employees an average of $53,433 a year. KATZ MEDIA GROUP INC raised $4,258,328,277 in total. Atlanta, Georgia 30328 Katz Broadcasting was formed in 1981 when the company purchased four radio stations from Park City Communications for $16 million and another station in Tulsa, Oklahoma, for $3 million from Curtis Communications. In 1987 Katz Radio acquired another competitor, Blair Radio, which was renamed Banner Radio. Katz Media Group, Inc. New York, NY. Katz Hispanic Media claimed to represent a 50 percent share of the Hispanic radio ad market with nearly $100 million in 1997 billings. In the mid-1970s Katz was involved with several money-losing subsidi-aries and representation ventures. For fiscal 1987 Katz Communications had annual billings of about $1.2 billion for its 200 client television stations and nearly 1,300 radio stations. Nevertheless, Katz enjoyed a leadership position and could offer advertisers a unique combination of advertising opportunities in a variety of electronic media. Founded: 1879 as Dispatch Co.…, Katz v. United States 389 U.S. 347 (1967), Katz, Harry C. 1951- (Harry Charles Katz), https://www.encyclopedia.com/books/politics-and-business-magazines/katz-media-group-inc. With the consolidation of radio and TV station ownership, many owner groups were considering opening their own in-house advertising representation agencies. Both companies would continue to operate as independent subsidiaries of Katz Communications Inc., as the company was then known. At the time Katz Radio had about $130 million in annual billings, Christal about $70 million, and RKO $20 million. “Radio’s Megareps Lead the Way into the 90’s,” Broadcasting, January 15, 1990, p. 110. The company represented 197 local TV stations and 1,400 radio stations. International Directory of Company Histories. The merger was expected to be completed in the second half of 2000. The company soon added offices in San Francisco, Atlanta, Kansas City, and Detroit. Seeing an opportunity to represent advertising media to manufacturers interested in establishing a national presence, Emmanuel Katz, an associate of newspaper publisher William Randolph Hearst, moved from San Francisco to New York to persuade New York-based advertisers to buy ads in Hearst’s San Francisco newspapers. In September 1993 Katz Hispanic Media began representing the seven radio stations owned by Spanish Broadcasting System. After being a family-owned business for 84 years, the company was sold to its employees for about $3 million. 2021 . In the mid-1970s Katz reorganized its television group into two divisions, Katz American and Katz Continental, to serve the different needs of large and small markets. 333 Grace Street KATZ MEDIA GROUP, INC. Easy 1-Click Apply (KATZ MEDIA GROUP, INC.) Katz Television Group Intern job in New York, NY. Katz specializes in representing electronic media, including radio stations, cable TV systems, and broadcast television stations. Therefore, that information is unavailable for most Encyclopedia.com content. The company had failed to meet Wall Street’s earnings expectations, due in part to ownership consolidation of radio and television stations. The registered office of the corporation within the State of Delaware is hereby changed to 2711 Centerville Road, Suite 400, City of … Pick a style below, and copy the text for your bibliography. “Katz and Cable,” Broadcasting, December 23, 1991, p. 34. View job description, responsibilities and qualifications. In 1980 Katz acquired Field Spot Sales and formed a new division, Katz National, to represent independent television stations and, later, Fox affiliates. The merger created the largest radio station group in the United States with 465 radio stations. Katz Radio acquired two major competitors, Christal Radio and RKO Radio Sales, in 1984. Mendelson concentrated on divesting the money-losing operations while at the same time making strategic acquisitions. This business is unclaimed. The Katz Radio Group and its primary competitor, The Interep Radio Store, accounted for an estimated 90 percent of national spot radio advertising. https://www.encyclopedia.com/books/politics-and-business-magazines/katz-media-group-inc, "Katz Media Group, Inc. Around this time the company changed its name to Katz Media Group Inc. Also in 1994 Katz merged its cable sales group, Cable Media Corp., with National Cable Advertising to form National Cable Communications, the single largest cable rep firm in the United States. Katz Media Group Inc K. Katz Media Group Inc CLAIM THIS BUSINESS. Its companies include Katz Television Group, Katz Radio Group, Clear Channel Radio Sales, and Katz … The agency was organized into two groups, Katz Television and Katz Radio. 3500 Piedmont Road Ne # 300 Atlanta, GA 30305 . Employment selection and related decisions are… The agency was organized into two groups, Katz Television and Katz Radio. International Directory of Company Histories. Massive consolidation among radio and television stations owners would mean fewer station groups to represent, so competition was likely to be keen among the remaining rep firms. Tom Olson would remain as president and CEO of Katz and report to the head of Chancellor Broadcasting. Brodesser, Claude, “Katz Consolidates at the Top,” Mediaweek, June 30, 1997, p. 12. Between 1975 and the end of the 1980s Katz had tripled in size. Telephone: (678) 645-0000 It was sold to Chancellor for $373 million, including $155 million in cash and $128 million in debt. Retrieved April 15, 2021 from Encyclopedia.com: https://www.encyclopedia.com/books/politics-and-business-magazines/katz-media-group-inc. Encyclopedia.com gives you the ability to cite reference entries and articles according to common styles from the Modern Language Association (MLA), The Chicago Manual of Style, and the American Psychological Association (APA). In 1972 Katz adopted an Employee Stock Ownership Plan (ESOP). Katz Digital Katz Radio Group Katz TV Group It also has a sports marketing division to represent sports teams and venues. To develop their brands nationally, manufacturers needed to advertise them in different cities across the country. Through a leveraged buyout, Katz was purchased in 1990 by an investment group consisting of senior management and other investors. The standard 15 percent commissions in some cases fell as low as seven percent, due to intense competition for station clients. At the time of the sale Katz had estimated gross billings of about $2.6 billion in radio, cable, and broadcast television, making it the single largest rep firm. In mid-1999 Katz launched a sports marketing division, Sports Spectrum, to represent athletic teams and sports venues. Salaries at Katz Media Group, Inc. range from an average of $33,500 to $85,225 a year. Form 8-K 1 KATZ MEDIA GROUP'S 8K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K Current Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 14, 1996 KATZ MEDIA GROUP, INC. Its parent company, currently known as AMFM Inc., is the largest out-of-home media corporation with ownership of more than 800 radio stations, 19 television stations, and 425,000 outdoor advertising displays. It has been at different times a private family-owned business, an employee-owned company, a management-owned company, a publicly-owned company, and a wholly-owned subsidiary. Mark Gray is CEO/CEO:Katz Radio Group at Katz Media Group Inc. See Mark Gray's compensation, career history, education, & memberships. In 1962 the agency stopped representing newspapers in order to focus on representing electronic media. In 1987 Katz Radio acquired another competitor, Blair Radio, which was renamed Banner Radio. Principal Operating Units: Christal Radio; Eastman Radio; Katz Radio; Katz Hispanic Media; Sentry Radio; Clear Channel Radio Sales; Continental Television Sales; Eagle Television Sales; Millennium Sales & Marketing; Katz International Ltd. (United Kingdom). UNCLAIMED . With the advent of television in the 1940s, the Katz Agency signed up its first television clients in 1949. It had an interest in a cable TV system; it collected accounts receivables for television stations; it had an outdoor advertising business; and it represented advertising in the New Orleans Superdome. Encyclopedia.com. Also in 1995 Katz formed Katz Millennium Marketing, a rep firm dedicated to selling advertising on Internet web sites and other interactive media. Katz paid an estimated $18 million for Christal and $3.5 million for RKO, which was renamed Republic Radio. All rights reserved. It formed Katz Cable Sales, which sought to represent the Hearst Corp.’s New England Cable News channel as well as Time Warner’s planned New York City cable news channel. In January 1992 Katz announced it would represent Multimedia Cablevision's Wichita, Kansas, cable system. U.S.A. At the end of 1991 Peter Goulazian, formerly president of Katz Television Group, succeeded James Greenwald as the CEO of Katz Communications. At the time of the sale Katz had estimated gross billings of about $2.6 billion in radio, cable, and broadcast television, making it the single largest rep firm. In June 1992 Katz merged its Katz Cable Sales into Cable Media, which began to expand nationally by opening offices in New York, Chicago, Dallas, and Los Angeles. View company leaders and background information for Katz Media Group Inc. Search our database of over 100 million company and executive profiles. ." For the most part, they were unfamiliar with the newspapers and other advertising media in these new markets where they were now selling their products. . —, “Katz Reorganizes,” Broadcasting, December 23, 1991, p. 6. Katz Broadcasting, LLC was founded on February 3, 2014 by Jonathan Katz, who serves as chief operating officer of Bounce TV and formerly served as an executive at the Turner Broadcasting System. St. Paul, Minnesota 55114 Rathbun, Elizabeth A., “Consolidation Hurts Katz,” Broadcasting & Cable, August 25, 1997, p. 33. During the year Katz Radio acquired Eastman Radio from Jacor Communications for $11.75 million, making the Katz Radio Group the largest billing radio representative. Encyclopedia.com. Chancellor Broadcasting and Evergreen Media Corp. had just merged to form the Chancellor Media Group, which owned or operated 98 radio stations in 21 U.S. markets. The company had 1,600 radio clients with a total of $500 million in billing, about 45 percent of the industry total. Over 4,000 Radio Stations. New York, New York 10022 Fax: (651) 642-4103 The merger created the largest radio station group in the United States with 465 radio stations. Torpey-Kemph, Anne, “Katz Launches Sports Marketing Unit,” Mediaweek, July 12, 1999, p. 26. With $1.6 billion in annual billings, Katz was ranked the third-largest media representation firm, behind Cox Broadcasting Corp. at $2.1 billion and Petry Media with $1.8 billion, according to Broadcasting & Cable. Later in the year Katz put Seltel and the Katz Television Group under a single executive, although the two companies would remain separate. Littleton, Cynthia, “Megareps Armed for Station Squeeze,” Broad-casting & Cable, August 12, 1996, p. 46. In mid-1999 Katz launched a sports marketing division, Sports Spectrum, to represent athletic teams and sports venues. —, “Katz Takes Stock,” Broadcasting & Cable, March 27, 1995, p. 55. The merged company, which would continue as AMFM Inc., would own approximately 830 radio stations after anticipated divestitures, as well as more than 425,000 outdoor displays for advertising and 19 television stations. At the end of the decade Katz had about $1.5 billion in total revenues, about two-thirds of which were national TV spot billings. Katz management indicated that it believed an alliance with a media company was necessary for the company's long-term well-being and stability. Accurate, reliable salary and compensation comparisons for United States However, the date of retrieval is often important. For the most part, they were unfamiliar with the newspapers and other advertising media in these new markets where they were now selling their products. Katz began representing cable TV stations in 1991, when one of its broadcast television clients began operating a regional cable news channel. 275,000,000 Consumers. © 2019 Encyclopedia.com | All rights reserved. —, “Katz Eyes Seltel,” Broadcasting, January 13, 1992, p. 6. By the end of 1991 Katz was representing an all-news cable channel in Washington, D.C., and negotiating with other cable systems. Christal Radio; Eastman Radio; Katz Radio; Katz Hispanic Media; Sentry Radio; Clear Channel Radio Sales; Continental Television Sales; Eagle Television Sales; Millennium Sales & Marketing; Katz International Ltd. (United Kingdom). Katz and London-based International Media Sales formed Katz International Ltd., with headquarters in London, England, and other offices Frankfurt, Germany, and Paris, France. US Trustee Office of the US Trustee 515 Rusk Ave Ste 3516 Houston, TX 77002 (713) 718-4650 Later in the year Katz put Seltel and the Katz Television Group under a single executive, although the two companies would remain separate. While the industry had enjoyed double-digit revenue growth for most of the 1980s, national spot TV revenue was projected to be flat or increase by three to five percent for 1989. Miles, Laureen, “Put out the Katz,” Mediaweek, July 17, 1995, p. 6. After being a family-owned business for 84 years, the company was sold to its employees for about $3 million. In 1993 Katz Radio Group established another independent division, Katz Hispanic Radio, to represent Spanish-language radio stations. International Directory of Company Histories. In 1962 the agency stopped representing newspapers in order to focus on representing electronic media. The company started trading on the British marketing since 1888-01-01.. DLJ agreed to pay $99.6 million in cash and assume Katz's outstanding debt of $187 million, bringing the value of the deal to $287.1 million. Freeman, Michael, “Potential $110M Gain Seen in Seltel-Sinclair Agreement,” Mediaweek, June 15, 1998, p. 4. Cable Media would represent all of Katz’s cable TV advertising, while cross-media advertising packages involving a combination of cable TV, radio, and broadcast television would be handled by Katz. The acquisition added 120 TV clients and gave Katz more than 320 client TV stations. 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