World Library  
Flag as Inappropriate
Email this Article

Lincoln Financial Media

Article Id: WHEBN0006159168
Reproduction Date:

Title: Lincoln Financial Media  
Author: World Heritage Encyclopedia
Language: English
Subject: NASCAR on SportsChannel America, Inside NASCAR, Musicmaster (software), Raycom Media, Local TV LLC
Collection:
Publisher: World Heritage Encyclopedia
Publication
Date:
 

Lincoln Financial Media

Lincoln Financial Media
Subsidiary
Industry Broadcasting
Fate Acquired by Entercom
Predecessor Jefferson-Pilot Communications
Successor Entercom
Founded April 2006 (2006-04)
Defunct July 17, 2015 (2015-07-17)
Owner Lincoln National Corporation

Lincoln Financial Media was a subsidiary of Lincoln National Corporation that owns 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 WBTV, the CBS affiliate in Charlotte; WCSC-TV, the CBS affiliate in Charleston, South Carolina and WWBT, the NBC affiliate in Richmond, Virginia.

History

The media company began in 1945 as Jefferson Communications, Inc., which later became Jefferson-Pilot Communications in 1968. The company was a media-centered division of the Jefferson Standard Insurance Company of Greensboro, North Carolina. Jefferson-Pilot owned WBT-AM-FM and WBTV, all of which are based in Charlotte, North Carolina. In 1962, the company conceived Jefferson Productions (later Jefferson Pilot Teleproductions, later Jefferson Pilot Sports), a production arm that produced television programs and commercials, but later chose to produce syndicated sports programming only by the 1980s. It was originally intended to produce promos and local television shows for WBTV, but had since grown to producing nationally syndicated talk shows and variety shows; and mainly commercials for major companies that aired nationwide.[1] For further information, see the section "Lincoln Financial Sports" at the end of this article.

In April 2006, the Jefferson Pilot Corporation merged with the Lincoln National Corporation; taking the media and sports broadcasting division with it, Jefferson Pilot Communications became Lincoln Financial Media.

In June 2007, the company publicly announced it would explore a sale of this division, and hired Merrill Lynch to assess its strategic options. On November 12, 2007, Raycom Media announced that it would acquire Lincoln Financial Media's three television stations, along with the Lincoln Financial Sports division (which was folded into Raycom Sports) for $583 million. The acquisition was completed in April 2008.[2] [3]

On December 8, 2014, Entercom announced its intent to acquire the remainder of Lincoln Financial Media for $110 million and working capital. To comply with ownership limits, Entercom will divest one of its existing stations in Denver.[4] Later, Entercom announced it would swap four of its stations in Denver to Bonneville International in exchange for KSWD in Los Angeles. The merger was completed on July 17 and Bonneville and Entercom began operating their new clusters under time-brokerage agreements that same day.

Radio stations

Atlanta, Georgia

Miami, Florida

San Diego, California

Denver, Colorado

Former stations

Lincoln Financial Sports

LFS SEC sideline reporter Dave Baker

Lincoln Financial Sports, originally Jefferson-Pilot Teleproductions (later Jefferson Pilot Sports), produced and syndicated college sports events of the Southeastern Conference, and co-produced Atlantic Coast Conference sporting events with Raycom Sports. It also produced telecasts of pre-season games of the Carolina Panthers of the National Football League, and in the 1980s, syndicated coverage of the NASCAR Winston Cup races at Charlotte Motor Speedway.

On November 12, 2007 Lincoln Financial Group announced the sale of this division to Raycom Media. The group now operates under the Raycom Sports banner as of January 1, 2008.[5]

References

  1. ^ BT Memories-Jefferson Productions
  2. ^
  3. ^
  4. ^
  5. ^

External links

  • Lincoln Financial Media site
  • Lincoln Financial Group site
Preceded by
Jefferson Pilot Sports
Syndication Rightsholder to the Southeastern Conference
2006-2007
Succeeded by
Raycom Sports


This article was sourced from Creative Commons Attribution-ShareAlike License; additional terms may apply. World Heritage Encyclopedia content is assembled from numerous content providers, Open Access Publishing, and in compliance with The Fair Access to Science and Technology Research Act (FASTR), Wikimedia Foundation, Inc., Public Library of Science, The Encyclopedia of Life, Open Book Publishers (OBP), PubMed, U.S. National Library of Medicine, National Center for Biotechnology Information, U.S. National Library of Medicine, National Institutes of Health (NIH), U.S. Department of Health & Human Services, and USA.gov, which sources content from all federal, state, local, tribal, and territorial government publication portals (.gov, .mil, .edu). Funding for USA.gov and content contributors is made possible from the U.S. Congress, E-Government Act of 2002.
 
Crowd sourced content that is contributed to World Heritage Encyclopedia is peer reviewed and edited by our editorial staff to ensure quality scholarly research articles.
 
By using this site, you agree to the Terms of Use and Privacy Policy. World Heritage Encyclopedia™ is a registered trademark of the World Public Library Association, a non-profit organization.
 


Copyright © World Library Foundation. All rights reserved. eBooks from Project Gutenberg are sponsored by the World Library Foundation,
a 501c(4) Member's Support Non-Profit Organization, and is NOT affiliated with any governmental agency or department.