Station ownership

One of the questions I get is: "did you ever consider station ownership?"  The answer is yes. First, soon after we went into business in 1974 we had an opportunity to purchase KAOL, Carrollton.  Located in prime farm country, we considered the expansion, but declined because...

Read More

John Rooney

John was our first-ever Sports Director. We weren't the first place he worked, however, nor the last. The roots of Learfield Sports go back to the first newscasts of the Missourinet in January, 1975.  The 7:05 a.m. feed to affiliates was an extended newscast that included...

Read More

Buy-Sell Agreement

Recall the stock distribution we organized the business with in 1972:  Clyde 25%; Derry 25%; Baclesse 12.5%; Wunderlich 12.5%; Stiles 12.5% and Murphy 12.5%. Three years later, I wanted some sort of an agreement whereby stock owned by any of the shareholders would not go...

Read More

“Those durn line costs”

By far our largest expense in our early years was distribution costs:  what we paid AT&T for our leased lines.  In 1975 we paid AT&T $80,500 which was 25% of our expenses!  And, in 1976 it grew to $105,000 or 28%. AT&T was a monopoly.  It...

Read More

Daily stand-up meetings

In those early years, when we were much smaller, each morning the executive team would come to my office for a 10-minute stand-up meeting. Thats right, no sitting. We all stood around the room and everyone reported:  engineering, accounting, sales, affiliate relations, sports, news, ag,...

Read More