From the notebook of business editor Tim Rausch

Fox station building its own news studio

The owners of the city's Fox television affiliate are laying out some capital to create a studio and outfit a news operation.
WFXG has been using WJBF to supply the content for its 10 p.m. newscast, but that will go to an in-house operation on Oct. 1, said station manager Barry Barth.
"We're building out a newsroom right now," Barth said.
WFXG is going to stick to the 10 p.m. time slot and the nightly news an hour earlier slogan. And it is in the hiring mode for that effort, as well as finding laptops, camera gear and a broadcast truck.
Barth said portions of the new newscast will involve other Raycom stations, like Savannah, Columbia and Charleston, so the hour-long show will have a regional feel to it.
Barth said the decision doesn't reflect displeasure with WJBF. "They've done a really great job for us."
WJBF has also been sharing news content with WAGT, the NBC station.
"It is just time for us to get into the news business ourselves," Barth said.

 

MERGER MODEL BEATS EXPECTATIONS: In 2009, CSRA Federal Credit Union merged with Associated Credit Union, but was able to keep its identity. Most mergers involve the combining of brands.
Associated Credit Union, which is based in Atlanta, sent out a release with its analysis on the merger model.
CSRA CU was projected to lose money in the first year, break even in the second and become profitable by the third. Results show profitability in the first year and 13 percent loan growth in the past year, Associated Credit Union reported.
Note: Associated absorbed CSRA CU's compliance, IT and support expenses, reducing its operating cost by 21 percent.
"We quickly recognized the outstanding management and brand we were obtaining in this merger. That made it an easy decision to run CSRA CU as a division so we could leverage those assets," said Associated CU's President and CEO Lin Hodges. "So many mergers are of the slash and burn variety where the surviving credit union slashes the staff and basically ends up with the loans, deposits and capital. Our experience from previous mergers told us not to overlook the staff as a tremendous asset."

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