|By Business Wire||
|February 6, 2014 07:30 AM EST||
LIN Media LLC (“LIN Media” or the “Company”; NYSE: LIN), a local multimedia company, today reported results for its fourth quarter and full year ended December 31, 2013.
Summary of Results for the Fourth Quarter Ended December 31, 2013
- Net revenues decreased 6% to $183.9 million compared to $196.2 million in the fourth quarter of 2012.
- Net political revenues were $2.9 million compared to $45.5 million in the fourth quarter of 2012.
- Local revenues, which include net local advertising revenues, retransmission consent fee revenues and television station website revenues, increased 14% to $115.8 million compared to $101.5 million in the fourth quarter of 2012.
- Net national revenues increased 10% to $36 million compared to $32.7 million in the fourth quarter of 2012.
- Interactive revenues, which include revenues from LIN Digital, Nami Media, Inc., Dedicated Media, Inc. and HYFN, Inc., increased 107% to $26.5 million compared to $12.8 million in the fourth quarter of 2012.
- Operating income decreased 61% to $28 million compared to $71.2 million in the fourth quarter of 2012.
- Net income per diluted share was $0.08 compared to a net loss per diluted share of $(1.09) in the fourth quarter of 2012, which included a charge for special items of $1.66 per share.
Summary of Results for the Full Year Ended December 31, 2013
- Net revenues increased 18% to $652.4 million compared to $553.5 million in 2012.
- Net political revenues were $7.6 million compared to $76.5 million in 2012.
- Local revenues increased 35% to $427.8 million compared to $316.5 million in 2012.
- Net national revenues increased 22% to $130.9 million compared to $107.3 million in 2012.
- Interactive revenues increased 85% to $75.9 million compared to $41.1 million in 2012.
- Operating income decreased 47% to $89.9 million compared to $171.1 million in 2012.
- Net income per diluted share was $2.84, which includes a $2.56 per share benefit from special items, compared to a net loss per diluted share of $(0.13) in 2012, which included a charge of $1.63 per share.
Commenting on fourth quarter and full year 2013 results, the Company’s President and Chief Executive Officer Vincent L. Sadusky said: “Significant growth of our digital media business and pay TV subscriber fees helped offset comparisons to the prior year when we earned record political revenues. Excluding political revenues, we increased net revenues by 20% in the fourth quarter and 35% for the full year. Looking ahead, we are confident in the evolution of our company and our ability to capitalize on our recent acquisitions, this year's non-presidential elections and the winter Olympics. We are particularly excited about expanding our digital media portfolio with Federated Media, which is the largest digital acquisition in our company’s history."
- Core local and national time sales combined, which excludes political time sales, increased 9% in the fourth quarter and 24% for the full year, compared to 2012.
- The automotive category, which represented 27% of local and national advertising sales in the fourth quarter, increased 7% as compared to the fourth quarter of 2012.
- The Company expanded local news at 11 television stations, launched high definition newscasts in five markets and added live streaming of its newscasts in all markets in 2013.
- According to comScore’s Media Metrix report, the Company’s unduplicated desktop reach equaled 83 million U.S. unique visitors, or 37% of the total U.S. Internet audience.(1)
- According to comScore’s Multi Platform Media Metrix report, 94% of the Company’s websites and mobile properties, in comScore measured markets, ranked number one or number two in their local market for overall engagement versus the Company’s measured local broadcast competitors.(2)
- LIN Digital, a comScore Top 15 Video Ad Network, unveiled its Video Insights Platform™, a comprehensive, cross-screen video measurement solution that empowers agencies by providing all of the metrics and insights needed to evaluate true campaign performance in a single, powerful tool.(3)
- The Company’s websites and mobile properties delivered 1.2 billion page views, with nearly 40% coming from mobile devices, and 120 million video views in 2013.(4)
Special Items for the Full Year Ended December 31, 2013
Tax Benefit Associated with the Merger
On July 30, 2013, LIN TV Corp., a Delaware corporation ("LIN TV"), completed its merger with and into LIN Media, a Delaware limited liability company and, at the time, a wholly owned subsidiary of LIN TV, with LIN Media continuing as the surviving entity (the “Merger”). As a result of the Merger, LIN TV realized a capital loss of approximately $343 million. This capital loss and existing net operating losses were used to offset a portion of the capital gain recognized in the sale of its joint venture interest that occurred in February 2013 and, as a result, the Company recognized cash income tax savings of approximately $131.5 million. Of the total cash income tax benefit, the Company recognized $124.3 million of tax benefit for accounting purposes during the year ended December 31, 2013.
Reversal of Valuation Allowance on Deferred Tax Assets
During the third quarter of 2013, the Company concluded that $18.2 million of its valuation allowance on deferred tax assets was no longer required, and reversed the valuation allowance, resulting in a corresponding tax benefit of $18.2 million.
|Net income excluding special items||$||15.6|
|Tax benefit as a result of the Merger||124.3|
|Tax benefit as a result of reversal of valuation allowance||18.2|
|Net income as reported||$||158.1|
On January 27, 2014, LIN Digital Media LLC, a wholly owned subsidiary of LIN Television, entered into an agreement to acquire the capital stock of Federated Media Publishing, Inc. ("Federated Media"). The transaction subsequently closed on February 3, 2014. Federated Media is a digital content and conversational marketing company that leverages the relationships and content from its publishing network to deliver contextually relevant advertising, and conversational and engagement tools that reach agencies’ and brands’ targeted audiences across digital and social media platforms.
Key Balance Sheet and Cash Flow Items
Total debt outstanding as of December 31, 2013, net of cash, was $932.2 million compared to $843.9 million as of December 31, 2012. Unrestricted cash and cash equivalent balances as of December 31, 2013 were $12.5 million, compared to $46.3 million as of December 31, 2012.
The Company's outstanding revolving credit facility balance was $5 million as of December 31, 2013, as compared to zero as of December 31, 2012. Consolidated net leverage, as defined in the credit agreement governing the senior secured credit facility, was 5.2x as of December 31, 2013, compared to 3.3x as of December 31, 2012. Other components of cash flow in the fourth quarter of 2013 include cash capital expenditures of $7.7 million and cash payments for programming of $7.7 million.
The Company has provided historical quarterly financial information for its continuing operations and other key information on its website. Interested parties should go to the Investor Relations section of www.linmedia.com.
The Company expects that net revenues for the first quarter of 2014 will increase in the range of 16% to 18% (or $22 million to $26 million), as compared to net revenues of $141 million in the first quarter of 2013, primarily as a result of growth in digital revenues and retransmission consent fees.
The Company expects that its direct operating and selling, general and administrative expenses, which include variable sales-related expenses, will increase in the range of 27% to 30% (or $25.1 million to $27.1 million) in the first quarter of 2014 as compared to reported expenses of $91.9 million in the first quarter of 2013.
The Company’s current outlook for revenues, expenses and cash flow items for the first quarter of 2014, excluding special items, are anticipated to be in the following ranges:
|First Quarter of 2014|
|Net broadcast revenues||$136.0 to $138.0 million|
|Interactive revenues||$25.0 to $26.0 million|
|Barter/Other revenues||$2.0 to $3.0 million|
|Total net revenues||$163.0 to $167.0 million|
|Direct operating and selling, general and administrative expense(1)||$117.0 to $119.0 million|
|Station non-cash share-based compensation expense||$0.5 million|
|Amortization of program rights||$6.0 to $7.0 million|
|Cash payments for programming||$6.0 to $7.0 million|
|Corporate expense(1)||$8.0 to $9.0 million|
|Corporate non-cash share-based compensation expense||$1.8 million|
|Depreciation and amortization of intangibles||$16.0 to $17.0 million|
|Cash capital expenditures||$7.0 to $9.0 million|
|Cash interest expense||$13.0 to $13.5 million|
|Principal amortization of term loans and finance lease obligations||$4.3 million|
|Cash taxes||$5.0 to $6.0 million|
|Effective tax rate||37% to 40%|
|(1) Includes non-cash share-based compensation expense.|
The Company advises that all of the information and factors set forth above are subject to risks, uncertainties and assumptions (see “Forward-Looking Statements” below), which could individually or collectively cause actual results to differ materially from those projected above.
The Company will hold a conference call to discuss its fourth quarter and full year 2013 results today, February 6, 2014, at 9:00 AM Eastern Time. To participate in the call, please dial 1-888-329-8862 for U.S. callers and 1-719-457-2085 for international callers. The call-in pass code is 3967661. Callers who intend to participate in the call should dial-in 10 minutes before the start of the call to ensure access. The conference call will also be webcast simultaneously from the Company’s website, www.linmedia.com, and can be accessed there through a link on the home page. For those unavailable to participate in the live teleconference, a replay will be accessible via the Investor Relations section of www.linmedia.com or by dialing 1-888-203-1112 and entering the same pass code as above. The telephone replay will be available through February 20, 2014.
Access to Non-GAAP Financial Measures and Other Supplemental Financial Data
The Company reports and discusses its operating results using financial measures consistent with generally accepted accounting principles (“GAAP”) and believes this should be the primary basis for evaluating its performance. Non-GAAP financial measures such as Broadcast Cash Flow (“BCF”), Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (“EBITDA”) and Free Cash Flow (“FCF”) should not be viewed as alternatives or substitutes for GAAP reporting. However, BCF, Adjusted EBITDA and FCF are common supplemental measures of performance used by investors, lenders, rating agencies and financial analysts. As a result, these non-GAAP measures can provide certain additional insight about the market value of the Company and its stations; the Company’s ability to fund acquisitions, investments and working capital needs; the Company’s ability to service its debt; the Company’s performance versus other peer companies in its industry; and other operating performance trends for its business. The Company makes available reconciliations of its operating income, a GAAP reporting measure, to BCF, Adjusted EBITDA and FCF on the Company’s website. In addition, the Company provides additional information on its website, at the same location, regarding historical revenue by source, pro forma income statement information and certain other components of cash flow. Interested parties should go to the Investor Relations section of www.linmedia.com.
The information discussed in this press release, particularly in the section with the heading “Business Outlook,” includes forward-looking statements about the Company’s future operating results within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The Company based these forward-looking statements on its current assumptions, knowledge, estimates and projections about factors that could affect its future operations. Although the Company believes that its assumptions made in connection with the forward-looking statements are reasonable, no assurances can be given that those assumptions and expectations will prove to be correct. Statements in this press release that are forward-looking include, but are not limited to, local, national and political advertising growth; changes in interactive, network compensation, barter and other revenues; changes in direct operating, selling, general and administrative, amortization of program rights and corporate expenses; and cash programming, cash capital expenditures, cash interest expense and principal amortization, cash tax payments and effective tax rates. These forward-looking statements are subject to various risks, uncertainties and assumptions which may cause these expectations and assumptions not to occur or to differ materially from those outcomes projected in the forward-looking statements. Such risks and uncertainties include, but are not limited to, general economic uncertainty; restrictions on the Company’s operations as a result of the Company’s indebtedness; global or local events that could disrupt television broadcasting; softening of the domestic advertising market; further consolidation of national and local advertisers, and the national sales representation market; risks associated with acquisitions, and the integration of any acquired businesses including our ability to integrate and successfully expand our digital operations; changes in television viewing patterns, ratings and commercial viewing measurement; increases in news and syndicated programming costs, and capital expenditures; changes in television network affiliation agreements and retransmission consent agreements; changes in government regulation; competition; seasonality; effects of complying with accounting standards; potential influence of certain shareholders, including HM Capital Partners I, LP and its affiliates, and other risks discussed in the Company’s Annual Report on Form 10-K and other filings made with the SEC (which are available on the Investor Relations section of www.linmedia.com, or at www.sec.gov), which are incorporated in this release by reference. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless otherwise required to by applicable law.
About LIN Media
LIN Media is a local multimedia company that operates or services 43 television stations and seven digital channels in 23 U.S. markets, with multiple network affiliates in 18 markets. Our growing digital media portfolio helps agencies and brands effectively and efficiently reach their target audiences at scale by utilizing our ComScore Top 15 Video and Top 25 Display market share, and the latest in conversational marketing, video, display, mobile, social intelligence and monetization, as well as reporting across all screens.
LIN Media’s highly-rated television stations deliver important local news and community stories along with top-rated sports and entertainment programming to 10.5% of U.S. television homes. LIN Media’s digital media operations focus on emerging media and interactive technologies that deliver performance-driven digital marketing solutions to some of the nation’s most respected agencies and brands. LIN Media is traded on the NYSE under the symbol “LIN”.
(1)comScore Media Metrix, Audience Duplication, December 2013 including LIN Media, LIN Digital and Dedicated Media.
(2) comScore Media Metrix Multi Platform data; November 2013. Overall engagement references comScore’s average minutes per visitors. The basis for comparison is calculated against the Company’s and local media competitors’ self-defined classification from within the comScore dictionary, excluding the following LIN markets not currently measured by comScore: Birmingham, Wichita, Savannah, Topeka, Mason City, Terre Haute and Lafayette.
(3) comScore Video Metrix data; December 2013. LIN Digital Video, Video Type: Ads, Media: Video Advertising Networks - Actual Reach.
(4) Adobe Analytics, JAN-2013-DEC-2013, Page Views Report &
Video Views Report.
LIN Media LLC
Consolidated Statement of Operations
Three Months Ended
|(in thousands, except per share data)|
|Selling, general and administrative||43,893||40,476||162,550||125,267|
|Amortization of program rights||6,700||6,836||29,242||23,048|
|General operating expenses||132,306||106,997||484,247||342,783|
|Depreciation, amortization and other operating expenses:|
|Amortization of intangible assets||5,788||4,902||22,826||6,364|
|Contract termination costs||3,887||—||3,887||—|
|Loss from asset dispositions||537||108||710||96|
|Interest expense, net||14,332||17,737||56,607||46,683|
|Share of loss in equity investments||31||94,000||56||98,309|
|Loss on extinguishment of debt||—||1,242||—||3,341|
|Other (income) expense, net||(15||)||61||2,100||237|
|Total other expense, net||14,348||113,040||58,763||148,570|
|Income (loss) before provision for (benefit from) income taxes||13,678||(41,801||)||31,181||22,491|
|Provision for (benefit from) income taxes||9,734||16,362||(125,420||)||40,463|
|Income (loss) from continuing operations||3,944||(58,163||)||156,601||(17,972||)|
|Loss from discontinued operations, net of a benefit from income taxes of $541||—||—||—||(1,018||)|
|Gain on the sale of discontinued operations, net of a provision for income taxes of $6,223||—||—||—||11,389|
|Net income (loss)||3,944||(58,163||)||156,601||(7,601||)|
|Net loss attributable to noncontrolling interests||(612||)||(75||)||(1,512||)||(556||)|
|Net income (loss) attributable to LIN Media||$||4,556||$||(58,088||)||$||158,113||$||(7,045||)|
|Basic income (loss) per common share attributable to LIN Media:|
|Income (loss) from continuing operations attributable to LIN Media||$||0.09||$||(1.09||)||$||3.02||$||(0.32||)|
|Loss from discontinued operations, net of tax||—||—||—||(0.02||)|
|Gain on the sale of discontinued operations, net of tax||—||—||—||0.21|
|Net income (loss) attributable to LIN Media||$||0.09||$||(1.09||)||$||3.02||$||(0.13||)|
|Weighted-average number of common shares outstanding used in calculating basic income per common share||52,879||53,169||52,439||54,130|
|Diluted income (loss) per common share attributable to LIN Media:|
|Income (loss) from continuing operations attributable to LIN Media||$||0.08||$||(1.09||)||$||2.84||$||(0.32||)|
|Loss from discontinued operations, net of tax||—||—||—||(0.02||)|
|Gain on the sale of discontinued operations, net of tax||—||—||—||0.21|
|Net income (loss) attributable to LIN Media||$||0.08||$||(1.09||)||$||2.84||$||(0.13||)|
|Weighted-average number of common shares outstanding used in calculating diluted income per common share||56,240||53,169||55,639||54,130|
|Preliminary Unaudited Consolidated Balance Sheet Data:|
|Cash and cash equivalents||$||12,525||$||46,307|
|Total other assets||163,301||133,013|
|Total non-current assets||1,036,917||1,062,094|
|Current portion of long-term debt||$||17,364||$||10,756|
|Total other liabilities||166,079||439,509|
|Long-term debt, excluding current portion||927,328||879,471|
|Redeemable noncontrolling interest||12,845||3,242|
|Total members' equity (deficit)||89,127||(91,564||)|
|Total liabilities, redeemable noncontrolling interest and members' equity (deficit)||$||1,212,743||$||1,241,414|
|Unaudited Consolidated Selected Statement of Cash Flows Data:|
|Year Ended December 31,|
|Net cash provided by operating activities||$||48,971||$||146,699|
|Net cash used in investing activities||(139,370||)||(104,259||)|
|Net cash provided by (used in) financing activities||56,617||(14,190||)|
|Net (decrease) increase in cash and cash equivalents||(33,782||)||28,250|
|Cash and cash equivalents at the beginning of the period||46,307||18,057|
|Cash and cash equivalents at the end of the period||$||12,525||$||46,307|
Enthusiasm for the Internet of Things has reached an all-time high. In 2013 alone, venture capitalists spent more than $1 billion dollars investing in the IoT space. With "smart" appliances and devices, IoT covers wearable smart devices, cloud services to hardware companies. Nest, a Google company, detects temperatures inside homes and automatically adjusts it by tracking its user's habit. These technologies are quickly developing and with it come challenges such as bridging infrastructure gaps, abiding by privacy concerns and making the concept a reality. These challenges can't be addressed w...
May. 23, 2015 02:45 AM EDT Reads: 6,604
We’re no longer looking to the future for the IoT wave. It’s no longer a distant dream but a reality that has arrived. It’s now time to make sure the industry is in alignment to meet the IoT growing pains – cooperate and collaborate as well as innovate. In his session at @ThingsExpo, Jim Hunter, Chief Scientist & Technology Evangelist at Greenwave Systems, will examine the key ingredients to IoT success and identify solutions to challenges the industry is facing. The deep industry expertise behind this presentation will provide attendees with a leading edge view of rapidly emerging IoT oppor...
May. 23, 2015 02:30 AM EDT Reads: 4,878
The industrial software market has treated data with the mentality of “collect everything now, worry about how to use it later.” We now find ourselves buried in data, with the pervasive connectivity of the (Industrial) Internet of Things only piling on more numbers. There’s too much data and not enough information. In his session at @ThingsExpo, Bob Gates, Global Marketing Director, GE’s Intelligent Platforms business, to discuss how realizing the power of IoT, software developers are now focused on understanding how industrial data can create intelligence for industrial operations. Imagine ...
May. 23, 2015 02:00 AM EDT Reads: 5,147
SYS-CON Events announced today that Liaison Technologies, a leading provider of data management and integration cloud services and solutions, has been named "Silver Sponsor" of SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York, NY. Liaison Technologies is a recognized market leader in providing cloud-enabled data integration and data management solutions to break down complex information barriers, enabling enterprises to make smarter decisions, faster.
May. 23, 2015 01:30 AM EDT Reads: 5,267
The 17th International Cloud Expo has announced that its Call for Papers is open. 17th International Cloud Expo, to be held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, APM, APIs, Microservices, Security, Big Data, Internet of Things, DevOps and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit your speaking proposal today!
May. 23, 2015 01:15 AM EDT Reads: 4,246
Collecting data in the field and configuring multitudes of unique devices is a time-consuming, labor-intensive process that can stretch IT resources. Horan & Bird [H&B], Australia’s fifth-largest Solar Panel Installer, wanted to automate sensor data collection and monitoring from its solar panels and integrate the data with its business and marketing systems. After data was collected and structured, two major areas needed to be addressed: improving developer workflows and extending access to a business application to multiple users (multi-tenancy). Docker, a container technology, was used to ...
May. 23, 2015 01:00 AM EDT Reads: 1,917
Hadoop as a Service (as offered by handful of niche vendors now) is a cloud computing solution that makes medium and large-scale data processing accessible, easy, fast and inexpensive. In his session at Big Data Expo, Kumar Ramamurthy, Vice President and Chief Technologist, EIM & Big Data, at Virtusa, will discuss how this is achieved by eliminating the operational challenges of running Hadoop, so one can focus on business growth. The fragmented Hadoop distribution world and various PaaS solutions that provide a Hadoop flavor either make choices for customers very flexible in the name of opti...
May. 23, 2015 12:30 AM EDT Reads: 3,731
For years, we’ve relied too heavily on individual network functions or simplistic cloud controllers. However, they are no longer enough for today’s modern cloud data center. Businesses need a comprehensive platform architecture in order to deliver a complete networking suite for IoT environment based on OpenStack. In his session at @ThingsExpo, Dhiraj Sehgal from PLUMgrid will discuss what a holistic networking solution should really entail, and how to build a complete platform that is scalable, secure, agile and automated.
May. 23, 2015 12:00 AM EDT Reads: 4,244
All major researchers estimate there will be tens of billions devices - computers, smartphones, tablets, and sensors - connected to the Internet by 2020. This number will continue to grow at a rapid pace for the next several decades. With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo, June 9-11, 2015, at the Javits Center in New York City. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be
May. 22, 2015 11:30 PM EDT Reads: 1,928
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo in Silicon Valley. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 17th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal an...
May. 22, 2015 11:30 PM EDT Reads: 2,611
Wearable devices have come of age. The primary applications of wearables so far have been "the Quantified Self" or the tracking of one's fitness and health status. We propose the evolution of wearables into social and emotional communication devices. Our BE(tm) sensor uses light to visualize the skin conductance response. Our sensors are very inexpensive and can be massively distributed to audiences or groups of any size, in order to gauge reactions to performances, video, or any kind of presentation. In her session at @ThingsExpo, Jocelyn Scheirer, CEO & Founder of Bionolux, will discuss ho...
May. 22, 2015 09:00 PM EDT Reads: 5,116
The true value of the Internet of Things (IoT) lies not just in the data, but through the services that protect the data, perform the analysis and present findings in a usable way. With many IoT elements rooted in traditional IT components, Big Data and IoT isn’t just a play for enterprise. In fact, the IoT presents SMBs with the prospect of launching entirely new activities and exploring innovative areas. CompTIA research identifies several areas where IoT is expected to have the greatest impact.
May. 22, 2015 09:00 PM EDT Reads: 4,765
The 4th International Internet of @ThingsExpo, co-located with the 17th International Cloud Expo - to be held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA - announces that its Call for Papers is open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than 20 years ago.
May. 22, 2015 08:00 PM EDT Reads: 1,602
Every day we read jaw-dropping stats on the explosion of data. We allocate significant resources to harness and better understand it. We build businesses around it. But we’ve only just begun. For big payoffs in Big Data, CIOs are turning to cognitive computing. Cognitive computing’s ability to securely extract insights, understand natural language, and get smarter each time it’s used is the next, logical step for Big Data.
May. 22, 2015 08:00 PM EDT Reads: 2,063
There's no doubt that the Internet of Things is driving the next wave of innovation. Google has spent billions over the past few months vacuuming up companies that specialize in smart appliances and machine learning. Already, Philips light bulbs, Audi automobiles, and Samsung washers and dryers can communicate with and be controlled from mobile devices. To take advantage of the opportunities the Internet of Things brings to your business, you'll want to start preparing now.
May. 22, 2015 07:00 PM EDT Reads: 5,717
17th Cloud Expo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterprises are using some form of XaaS – software, platform, and infrastructure as a service.
May. 22, 2015 05:00 PM EDT Reads: 2,383
P2P RTC will impact the landscape of communications, shifting from traditional telephony style communications models to OTT (Over-The-Top) cloud assisted & PaaS (Platform as a Service) communication services. The P2P shift will impact many areas of our lives, from mobile communication, human interactive web services, RTC and telephony infrastructure, user federation, security and privacy implications, business costs, and scalability. In his session at @ThingsExpo, Robin Raymond, Chief Architect at Hookflash, will walk through the shifting landscape of traditional telephone and voice services ...
May. 22, 2015 03:00 PM EDT Reads: 4,123
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an Internet of Things implementation? In his session at Internet of @ThingsExpo, James Kirkland, Chief Architect for the Internet of Things and Intelligent Systems at Red Hat, described how to revolutioniz...
May. 22, 2015 02:00 PM EDT Reads: 4,741
For IoT to grow as quickly as analyst firms’ project, a lot is going to fall on developers to quickly bring applications to market. But the lack of a standard development platform threatens to slow growth and make application development more time consuming and costly, much like we’ve seen in the mobile space. In his session at @ThingsExpo, Mike Weiner is Product Manager of the Omega DevCloud with KORE Telematics Inc., will discuss the evolving requirements for developers as IoT matures and conduct a live demonstration of how quickly application development can happen when the need to comply...
May. 22, 2015 01:00 PM EDT Reads: 1,787
Container frameworks, such as Docker, provide a variety of benefits, including density of deployment across infrastructure, convenience for application developers to push updates with low operational hand-holding, and a fairly well-defined deployment workflow that can be orchestrated. Container frameworks also enable a DevOps approach to application development by cleanly separating concerns between operations and development teams. But running multi-container, multi-server apps with containers is very hard. You have to learn five new and different technologies and best practices (libswarm, sy...
May. 22, 2015 12:00 PM EDT Reads: 2,009