If you've been wanting to tell the FCC what you really think about its waiver granting Fox Television Stations ownership of two VHF stations in the Big Apple along with the nation's most popular daily tabloid newspaper, now's your chance.
There aren’t many decisions bigger than the one to sell your radio or television station. If you are contemplating a sale, make sure that you avoid some common pitfalls that can disrupt and possibly derail the sale of your company. We've provided a list of the most common deal killers and how to avoid them, courtesy of top D.C. attorney Erwin Krasnow and financial services consultant Doug Ferber.
Get ready for the NEW afternoon daily RADIO + TV BUSINESS REPORT, the last word on today’s business, just as you’re preparing for tomorrow.
Mark Rosenthal, who has served as CEO of iHeartMedia-owned Katz Media Group since September 2013, is stepping down from his post. He will relinquish his duties at the end of March, but continue as an advisor to iHeart President/COO and CFO Rich Bressler and iHeartMedia CEO Bob Pittman. Katz's president succeeds Rosenthal in the CEO chair.
In two weeks, the FCC will consider a Report and Order that would authorize channel sharing outside the context of the incentive auction. This is a major development for the owners of television stations, says Stephan Sloan, a Rhode Island-based Director at Media Services Group. It's so major, he says, that a broadcast TV station owner in a Top 5 market could save between $30 million and $40 million in landing an over-the-air home.
For the first time in six months, the FCC Chairman and all Commissioners participated in a Senate Commerce Committee Oversight Hearing led by Sen. John Thune (R-S. Dakota). From the get-go, Thune expressed his pleasure with the leadership of new Chairman Ajit Pai -- and wasn't shy in expressing his displeasure with the overall atmosphere created by Pai's predecessor. Ranking Member Bill Nelson (D-Fla.) was quick to express his "continued frustration that Jessica Rosenworcel is not sitting before us today as a commissioner."
A U.S. Magistrate Judge in the Sunshine State has given her blessing to a settlement that resolves an overtime wage dispute between the former morning host of a radio station in Central Florida and that station's owner, Cumulus Media.
Charter Spectrum subscribers need not be concerned about losing access to the Univision, UniMás and pay-TV network Galavisión until the end of June. In a statement sent to RBR + TVBR late Tuesday, Univision Communications said it and Charter "have agreed to forego a preliminary injunction hearing and instead will pursue an expedited schedule that will allow the court to rule on the dispute more quickly." The settlement includes a hefty bond that Charter is set to post in July, and we've got the details on this multi-million dollar payment Univision will get in Q3.
The world may now have a better understanding as to why FCC Chairman Ajit Pai met with President Trump at the White House on Monday afternoon: He's been nominated to serve a second term on the FCC.
With its stock up 2% in early trading Tuesday, following the release of a strong Q4 and full-year 2016 earnings report, the company led by Chairman and President/CEO Ed Christian and COO Warren Lada enjoys a Market Cap of $299.2 million and shares that haven't been this strong in three years.
There were no new transactions posted at the FCC on Monday (3/6), and it's been relatively quiet overall -- aside from Entercom's blockbuster tax-free merger with CBS Radio, which was months in the works. Are we in the midst of the calm before the storm of sales and tornado of transactions strikes the U.S.?
Sue Wilson, founder of the non-profit advocacy group Media Action Center, shared with RBR + TVBR details of a settlement with Entercom that awaits final approval from a FCC Administrative Law Judge in Washington. Meanwhile, there's word Ed Stolz is seeking to "un-renew" the licenses for Entercom's remaining Sacramento stations -- even after it make the unprecedented move of surrendering the license for now-defunct KDND-FM.
Lotus Communications Corp. has officially added a historic 5kw Class B AM broadcasting in the City of Angels. The deal was originally announced in October 2016, and Kalil & Co. was the exclusive broker for the transaction.
Given the recent track record of wonks, soothsayers, curanderas and individuals who hold Nostradamus in high regard, forecasts may not be as accurate as one would think when it comes to digital dollars sailing past that of TV in 2017. It's an interesting surprise, and SMI's CEO has some fresh ad trend info that may put your C-Suite in a pleasant mood.
Oh, Snap! The parent of Snapchat slid 12.3%, to $23.77, on Monday to fall below its IPO strike price. There was no immediate word on the downward activity for the tech company. Meanwhile, Cumulus Media had another difficult trading session while Beasley Broadcasting Group enjoyed a gain.