It was estimated the stations accounted for up to $110 million in spot billings annually.In mid-1999 Katz launched a sports marketing division, Sports Spectrum, to represent athletic teams and sports venues. Greenwald remained as chairman.Katz began representing cable TV stations in 1991, when one of its broadcast television clients began operating a regional cable news channel.
It operates Katz Television Group, which includes Continental Television Sales, Eagle Television Sales, Katz Direct, and Millennium Sales & Marketing.
The Hispanic radio market continued to grow in the 1990s, and by 1998 Katz had gained exclusive representation of Heftel Media Broadcasting Corp.'s 34 stations. Katz is a place where you can start your career but also see a lot of long term growth and security based on hard work and a willingness to learn.A bit stagnant and set in their ways which creates some frustration. Our Privacy Policy is changing to provide details about information we collect, how we use it, who we share it with, and to give you more information about your rights and choices. Katz Media Group serves several clients in the broadcasting industry. Katz specializes in representing electronic media, including radio stations, cable TV systems, and broadcast television stations. 275,000,000 Consumers. He had joined the firm in 1928. The company had failed to meet Wall Street's earnings expectations, due in part to ownership consolidation of radio and television stations. Katz National Television, which represented independent stations, was folded into the Katz Television Group.In July 1997 Katz became a wholly owned subsidiary of radio station owner Chancellor Media Group.
At the time Katz Radio had about $130 million in annual billings, Christal about $70 million, and RKO $20 million.
The merger was expected to be completed in the second half of 2000.With the backing of its parent company, Katz was in a position to enjoy a stable, profitable future. ... You have to go out and earn it along with earning the respect of your colleagues and clients on a daily basis which is how it should be! It was sold to Chancellor for $373 million, including $155 million in cash and $128 million in debt. Collaborative, strategic and solid leadership
*Work/Life Balance 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.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 completed its IPO in 1995, and for the first time in its 108-year history it became a publicly owned company.