8:00 a.m.

• Registration and Continental Breakfast

9:00 a.m.

• Welcome
• Robin Flynn
• Senior Analyst, SNL Kagan

9:15 a.m.

Keynote Address
Jonathan Leess

Former President and General Manager

• CBS Television Stations Digital Media Group

9:45 a.m.

Digital and the Internet: The size of the future revenue pie

Chris Campbell , Director of Sales, Marketing & Strategy, Emmis Interactive

Joseph D'Angelo, Vice President, iBiquity

Bill Figenshu, President, FigMedia

Richard Kosinski, SVP and Chief Digital Officer, Westwood One

• The revenue potential of digital, multicasting and the Internet
• How broadcasters can deliver better accountability to advertisers
• The business alliances and combinations that make sense for the future
• How royalty fees might affect the business
• Implications for broadcasters of changes such as internet delivery and time-shifted viewing
• How broadcasters can benefit from mobile video

11:00 a.m.

• Refreshment Break

11:25 a.m.

Valuing the Longer Term Liquidity/Viability of Media Companies

Bishop Cheen

Director, Senior Analyst, Wachovia Securities

11:45 a.m.

Broadcast Finance: Life during and after the Credit Crunch


Jim Kuster, Managing Director and Head, Technology, Media and Telecoms

RBS Greenwich Capital

Drew Marcus, Managing Partner , Sugarloaf Rock Capital

Robert Nolan, Managing Partner and co-founder, Halyard Capital

Ray Shu, Managing Director-Media Originations

GE - Media, Communications & Entertainment

Perry Steiner, Managing Director, Arlington Capital

Lee Westerfield, Managing Director, Business Services and Media Group

BMO Capital Markets Corp.

• The near- and mid-term availability of capital
• How bank and high-yield finance has changed in terms of leverage, pricing, terms and size of deals
• The shape of the deal market when the capital markets loosen again
• Future trends in ad revenues
• How the financial community views broadcasters
• How broadcasters will fare in the public markets
• Which public stocks will survive the crunch
• Broadcasters’ greatest threats and opportunities
• How new technologies will hurt or help

1:00 p.m.

• Luncheon

2:00 p.m.

Keynote Address

David Rehr

President and CEO, National Association of Broadcasters

NAB President and CEO David Rehr will highlight how broadcasters are confronting the tough economic times head on by forging ahead with digital intiatives, spurring innovation through alternative channels of content delivery. In addition, he will present the  NAB initiatives and activities that are accelerating technological advancements in broadcasting and represent investments in the industry’s future.

2:30 p.m.

TV Station Value and Operations




David Amy, Executive Vice President and CFO, Sinclair Broadcast Group

Randy Bongarten, CEO, Bonten Media Group

Colleen Brown, President and CEO, Fisher Communications, Inc.

Vince Sandusky, President and CEO, LIN TV

Perry Sook, President and CEO, Nexstar Broadcasting Group, Inc.

• The role of TV stations in the new-media paradigms
• Future TV revenue streams
• The prospects for continued TV station consolidation
• Current value benchmarks for TV stations 
• Valuing sticks and LP stations
• How stations are confronting the challenges of DVRs and Internet delivery of content

3:45 p.m.

• Refreshment Break

4:00 p.m.

Radio Values, Revenues and Finance

Charles Banta, President, Mercury Capital Partners

John Brooks, Managing Director, Media Originations, Wells Fargo Foothills

Pierre Bouvard, President of Sales and Marketing, Arbitron, Inc.

Jeff Haley, CEO, Radio Advertising Bureau

Brian Pryor, Managing Director, Media Venture Partners

Tony Vasconcellos, EVP and CFO, Regent Communications

• The state of local competition and ad rates
• Reducing ad clutter and maximizing ad inventory as a solution to anemic growth
• The prospects for continued consolidation
• Current multiples and values for radio stations
• Supply vs. demand for stations in different size markets
• Resurrecting radio values and trading multiples in the public market

5:00 p.m.

Cocktail Reception

You are invited to attend a cocktail reception in honor of the John Bayliss Broadcast Foundation Immediately following the Summit.

The reception, sponsored by Arbitron and hosted by SNL Center for Financial Education is free to Summit attendees. The reception is open to the public and tickets will be available at the door with all proceeds benefiting the Bayliss Radio Scholarship Fund.

For more information about The John Bayliss Broadcast Foundation or to donate to the Scholarship Fund, please visit:

www.baylissfoundation.org.