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Chyron (AMEX:CGS) and Gannett Broadcasting today announced that Gannett
Broadcasting has made a multi-year commitment to Chyron’s
AXIS web-based content creation services across all 23 Gannett owned TV
Stations. This wholesale adoption of the unique AXIS system
revolutionizes the way the Gannett TV Stations create, manage, share and
broadcast news graphics across their 23 news stations.
“The AXIS approach promises to be a game
changer that potentially redefines the use of graphics. Their server
based model is designed to allow us to create more graphics, at a higher
median quality, and at a lower cost. That would be a triple win”
explained David Lougee President, Gannett Broadcasting Group. He added, “While
AXIS will facilitate the easy creation of daily breaking news graphics,
maps and charts, more complex customized work will be handled by the
newly formed Gannett Graphics Group, or G3, which will provide
assistance to local TV stations, providing a range of design options to
enhance the real-time data provided within the AXIS creation process.
These are challenging times for broadcasters and we must continually
search for new efficiencies without sacrificing quality, the combining
of AXIS services with our G3 capability aims us straight toward
significant quality and efficiency gains across the entire Broadcasting
Group.”
As Michael Wellesley-Wesley, Chyron President and CEO explained, “Gannett
is a great broadcaster with a history of serving its local communities
with integrity and quality. It is therefore no surprise to me that
Gannett would be the first major TV Station Group to recognize that AXIS
represented a unique and revolutionary approach to create more and
better content in a more efficient way. AXIS is superior to traditional
graphics content creation workflow models because it removes the
mundane, repetitive, factory–like aspects of
everyday graphics creation from the shoulders of highly skilled graphics
artists and designers thereby freeing them to concentrate on more
creative aspects of design and branding. By using image databases inside
the AXIS system, the elapsed time from creation to putting a graphic
On-Air is drastically reduced and productivity greatly enhanced. AXIS
tools are so intuitive they can be used by anyone from production
assistants to News Directors, making graphics output far more efficient
and with the added benefit of journalists and News Directors retaining
direct control of content. All of us at Chyron are thrilled to announce
a TV Station Group of Gannett’s stature and
credibility as an early adopter of AXIS services, as it speaks to the
quality and efficiency of our platform. AXIS is an important driver for
Chyron’s future revenue growth both On-Air
and Online with Newspapers, Radio, Pure Play Internet and, of course,
our traditional Television customers.”
About AXIS
For a TV Station Group AXIS facilitates the sharing of graphics content
over the entire TV Station Group with access to virtually unlimited data
sources, such as AP GraphicsBank, together with the Group’s
own archives of proprietary images. AXIS was designed with the objective
that graphic content for TV production and TV websites as well as
newspaper and radio websites should be created intuitively and
dynamically, but with consistent design and brand quality. Chyron’s
AXIS platform facilitates this process in that a graphic need only be
created once in order for it to be simultaneously publishable to
multiple formats, displays and devices. AXIS services such as AXIS News,
FastMaps and FastCharts typically require only a few days of training
and the subscription pricing model makes for a fast return on investment
(ROI) when compared to other more traditional methods of graphics
content creation.
About Chyron
Chyron continues to define the world of digital and broadcast graphics
with Web, Mobile, HD, 3D, and newsroom integration solutions. Winner of
numerous awards, including two Emmys, Chyron has proven itself as a
leader in the industry with sophisticated graphics offerings that
include Online, Chyron's AXIS Graphics online content creation software,
HD/SD switchable on-air graphics systems, clip servers, channel branding
and telestration systems, graphic asset management and XMP integration
solutions, and the award-winning WAPSTR mobile phone newsgathering
application, as well as digital signage. For more information about
Chyron products and services please visit the Company's websites at www.chyron.com,
www.chytv.com and www.axisgraphics.tv
(AMEX: CGS).
Forward-looking Statement
This press release contains "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995,
including statements relating to Chyron's ability to formulate and
execute long-term growth strategies to build shareholder value and to
benefit from the insight and the experience of its new Board members,
Chyron's plans to leverage its success with its new web-based content
creation solutions as it works to broaden its reach into new markets,
Chyron being positioned for significant growth in the evolving digital
environment, the belief that Chyron will continue to lead the market for
digital video graphics solutions, and the potential for Chyron's
acquisition of AXIS to open the door to significant new opportunities in
the online and mobile markets. These forward-looking statements are
based on the Board's and management's current expectations and are
subject to certain risks and uncertainties that could cause actual
results to differ materially from those set forth in or implied by
forward-looking statements. These risks and uncertainties include, but
are not limited to, product concentration in a mature market, dependence
on the emerging digital market and the industry's transition to digital
television ("DTV") and high definition television ("HDTV"), consumer
acceptance of DTV and HDTV, resistance within the broadcast or cable
industry to implement DTV and HDTV technology, rapid technological
changes, continued growth, use and improvement of the Internet, new
technologies that could render certain Chyron products to be obsolete, a
highly competitive environment, competitors with significantly greater
financial resources, new product introductions by competitors,
seasonality, fluctuations in quarterly operating results, ability to
maintain adequate levels of working capital, Chyron's ability to
successfully maintain the level of operating costs, expansion into new
markets and other factors discussed under the heading "Risk Factors"
contained in Item 1A in Chyron's Annual Report on Form 10-K for the year
ended December 31, 2007, which has been filed with the Securities and
Exchange Commission, as well as any updates to those risk factors filed
from time to time in its Quarterly Reports on Form 10-Q or Current
Reports on Form 8-K. All information in this press release is as of the
date of the release, and Chyron undertakes no duty to update this
information unless required by law.