GM named for TV stations
Broadcast veteran Les Vann has been named president and general manager of WJCL-TV and WTGS-TV, parent company LIN TV Corp. announced Thursday.
Vann has nearly 20 years of television station management experience and joins LIN Media after spending five years as vice president and general manager of WKRC-TV and Local 12.2 in Cincinnati. During his tenure, WKRC-TV was a ratings leader, grew market revenue share and outperformed market revenue growth, the announcement said. Vann also managed television stations in Illinois, Iowa, North Carolina, South Carolina and New York.
“It is an honor to join one of the most successful and forward-thinking media companies in the country, which has a strong reputation of investing in its products, people and communities,” Vann said. “I am eager to work with the talented team of professionals at WJCL-TV and WTGS-TV in beautiful and historic Savannah and immerse myself into this great community.”
He has served on numerous nonprofit boards, including the Urban League and The Neediest Kids of All, was president of three Parent Teacher Associations in Illinois, coached youth baseball, soccer and basketball and served as commissioner for a youth baseball league.
Scott Blumenthal, LIN Media’s executive vice president television, said Vann has exemplary business credentials and a commitment to localism and service to the community.
Rayonier reports quarterly, annual earnings rise
JACKSONVILLE — Global forest products company Rayonier (NYSE:RYN) Friday reported its fourth quarter net income for 2012 reached $76 million, or 59 cents a share, up from $56 million, or 45 cents a share, a year earlier.
Net income for the full year totaled $279 million in 2012, or $2.17 per share, compared to $276 million, or $2.20 a share, in 2011. Cash provided by operating activities was $446 million for 2012 compared to $432 million for 2011. Full year cash available for distribution was $304 million versus $287 million in 2011.
“Our 2012 results, including a 13 percent increase over last year’s pro forma operating income, reflect the balance and resiliency of our core businesses and our continued focus on operational excellence,” said Paul G. Boynton, chairman, president and CEO.
Rayonier announced Tuesday it will sell its wood product business, headquartered in Baxley, to International Forest Products Limited (Interfor) for $80 million. The business consists of three lumber mills in Baxley, Swainsboro and Eatonton.