Entravision Enters Into A New Multimillion-Dollar Credit Facility
Hispanic-targeted broadcast radio and TV station owner and global ad solutions company Entravision enjoyed a share bump on the NYSE Monday as investors reacted positively to the news that the company has entered into a new multimillion-dollar credit facility.
‘Necessary Cost Savings’ Comes to iHeartMedia Amid Stock Dip
With its share price down 38.2% since February 28 and continued challenges leading to a downward Q1 2023 revenue forecast, iHeartMedia has moved forward with an initiative that CEO Bob Pittman and CFO Rich Bressler told employees in an internal memo distributed Friday is "forcing us to make tough choices on costs and priorities."
Standard General Pleads To FCC For HDO Reconsideration
The legal counsel representing the two companies and Cox Media Group have moved forward with another attempt to get the full Commission to vote on the proposed merger and overrule the ALJ's decision. If not, the hearing could ultimately kill Standard General's plan to acquire TEGNA.
Request Denied: TEGNA Deal Won’t Skip ALJ-Led Hearing
The FCC's Administrative Law Judge has affirmed a Media Bureau decision to issue a Hearing Designation Order to consider concerns raised by the proposed acquisition of TEGNA by Standard General, putting the privatization effort led by Soohyung Kim in a precarious situation.
AM/FM Sans Spots? Auddia Pleased With Early Results
What if you could enjoy a local broadcast radio station's audio stream without all of the commercials? Is there a thirst for such an option, given the array of streaming audio selections available to those with internet connectivity? Auddia says the answer is yes, and it is seeing "better than expected" initial subscription conversion rates for its flagship mobile app.
Salem Stock Slides Below $1 Threshold
With Beasley Media Group and Audacy Corp. already seeing their stock value fall under the important financial market threshold, Salem Media Group on Monday saw its stock decline in value to under 98 cents per share. It continues a year-long decline for the purveyor of conservative talk radio and Christian-themed audio and print content.
A Newspaper Publisher Grabs An Ozarks Radio Cluster
Thanks to the erasure of the FCC’s cross-ownership rules, a December 2021 transaction saw the last remaining broadcast television properties tied to Red River Broadcast Co. sold to the owner of the Duluth News Tribune. Now, a newspaper publisher based in Illinois has agreed to acquire a group of radio stations serving the Ozarks.
A Moody Digital Move for Cox Media Group
Cox Media Group has named a Director of Digital Content for Radio, an individual charged with developing an audience growth strategy that uses the company’s apps, social media, website, streaming, digital assets, and content.
Meet The New WideOrbit CRO
It's known across the broadcast media industry for its inventory and revenue workflow management software. Now, San Francisco-based WideOrbit hopes to attract attention with the promotion of a 17-year veteran who retains her EVP/Sales role while assuming the title of Chief Revenue Officer.
No New Facts? No Reconsideration Of 2021 FCC Ruling
The Audio Division Chief at the FCC has dealt another blow to William Johnson and his Florida-based licensee, which bears a name nearly identical to the publicly traded multimedia company led by Alfred Liggins III but is wholly unrelated.
P&G’s Secret Weapon: Radio’s Reach
An AdAge report is making waves with marketers for showing how Proctor & Gamble made radio their secret weapon – and in return, radio made them a success story.
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‘Spirit FM’ Parent Spins A Group of Religious Noncomms
In recent years, a Minnesota-based nonprofit corporation tied to a private evangelical Christian college has emerged as a buyer. Now, it's at it again, as it has signed off on an Asset Purchase Agreement that will deliver it some 15 FM radio stations, eight FM translators and six Construction Permits.
AI and Digital Doubles: Where SAG-AFTRA Stands
Thanks to artificial intelligence, "digital voice, likeness and performance simulations" are quickly becoming a reality. What does that mean to real-life actors? SAG-AFTRA bargaining is a necessity, the union says.
NewsNet Adds Another LPTV Property To Its Stable
NewsNet's owner has been rapidly agreeing to acquire broadcast TV properties, rather than lease digital multicast channels tied to other owners. Now, it is agreeing to purchase a Class A digital TV property serving the Tidewater region of Virginia.
A Major Retailer Steps Up Its Spot TV Activity
With teams including Princeton and Florida Atlantic University in the Sweet 16, anything goes in the next round of NCAA Men's College Basketball Tournament games. Could that see increased activity for one of America's biggest retailers at Spot Television?
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To Stop Interruptions: Talk Less, Listen More
If you are on the receiving end of the interruption, the unwarranted cut-in may feel like a display of disrespect or simply bad manners. Here's what you can do in response, courtesy of "Zoom expert" and veteran PR professional Rosemary Ravinal.
Poynter Picked For New ‘Editorial Integrity and Leadership Program’
The Corporation for Public Broadcasting has selected the Poynter Institute to develop the next iteration of its Editorial Integrity and Leadership Program. Fifty public media news editors will be eligible to receive leadership training "to ensure they are well positioned to meet their communities’ information needs."
Big New Standard Terms and Conditions Due for Digital Advertising
After more than a decade, the standard terms and conditions for internet advertising — first developed in May 2001, updated in 2010 and 2018 — will be "significantly overhauled." That's the message from the IAB, the President/CEO of the 4 A's, and the CEO of the ANA.
TEGNA Gets A Media Bureau Win … A Station Upgrade
With time ticking on TEGNA's proposed privatization effort, the Chief of the Media Bureau's Video Division has given TEGNA at least one legislative win. The VHF-to-UHF upgrade of an ABC affiliate serving Hampton Roads.
TNDV Acquires Sony Cameras for UHD TV and Entertainment Shows
As a full-service provider of mobile production and audio facilities, as well as production and secondary services for broadcast TV, live entertainment, and AV-related productions, TNDV has made its second large capital investment in Sony 4K/HD cameras to support increased demand for Sony-driven 4K workflows.
Two New Ecreso FM Transmitters Head to Market
WorldCast Systems, the French supplier of radio broadcast tools, is expanding its Ecreso AiO portfolio to include both the Ecreso FM 100W and Ecreso FM 300W transmitters. The launch of these new low-power transmitters will take place at the 2023 NAB Show and follows the 2022 release of the Ecreso FM 1kW.
Content Creation and Making Money? Telestream Can Help
New products are on the way from Telestream, and the 2023 NAB Show is the debut locale for what the company has to offer. Among the key highlights is the debut of Telestream Content Manager, a next-generation system leveraging both on-prem and cloud storage, and PRISM MPP, a multi-format rasterizer purpose-built for post-production.
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