Filed Under: [ Media ]
Tags: Miguel Perez, Puerto Rican, Telemundo, Univision
Knowledge is Power!
For most local stations, the good old days when broadcast TV ruled the television landscape are just a distant memory. But in the late 1990s, Gary Chapman, chairman, president and CEO of LIN Television, discovered a market where the power of broadcast TV hasn’t been diluted by the spread of cable or satellite: the U.S. commonwealth of Puerto Rico.
“The market was in some ways reminiscent of U.S. television in the 1960s and 1970s,” Chapman recalls. The climate for broadcast-TV advertising was very strong. Cable and satellite penetration was low, (it’s around 43% today), and most people got TV over the air. Three broadcasters””the local Univision and Telemundo stations and independent WAPA””split about 90% of the ad revenue.
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