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Like ABC, Bridge News Gets Early License Renewal Pleading Cycle
A comment period has been established that will guide the Media Bureau in determining whether or not to renew the licenses for the company that operated the now-defunct NewsNet — bankrolled by the man who invented 5-Hour Energy.
FCC Head: Early TV License Renewal Orders About Potential Discrimination
Brendan Carr made it clear that the FCC's early license renewal order handed to The Walt Disney Co. regarding its eight ABC Owned Stations properties is tied to potential DEI-linked discrimination and dates to a Commission look that began in 2025. Sen. Ted Cruz feels otherwise, broadening a gulf between Congress and the Commission.
A LeGeyt View Of The ABCs Of FCC Regulatory Policy
NAB head Curtis LeGeyt has chimed in on the FCC's call for The Walt Disney Co. to participate in an early license renewal proceeding, giving the owner of ABC Owned Stations until May 28 to comply with a Order issued on delegated authority by the Video Division Chief — two administrative levels below the full Commission.
An Early License Renewal Order Comes To 5-Hour Energy Founder
The Video Division of the FCC's Media Bureau has issued an Order to a broadcast television station owner linked to the creator of 5-Hour Energy liquid supplements to file early license renewal applications for its stations, following an investigation for compliance with its obligations as a licensed broadcaster.
Two Former ‘NewsNet’ LPTV Homes Are Sold
It was a broadcast TV offering that mirrored CNN Headline News circa 1991. And, it saw Manoj Bhargava snap up a collection of LPTV properties to help build out NewsNet. Today, NewsNet is defunct. Former broadcast homes are being divested — including two Michigan LPTVs. Who's the buyer?
Bhargava Sheds Remaining Cumulus Media Shares
Renew Group Private Ltd. has fully divested its stake in audio content creation and distribution company Cumulus Media — shedding the shares just ahead of an exit from the Nasdaq Global Market exchange and shift to the OTC Markets.
FCC Moves Forward With Foreign Ownership NPRM
All five FCC votemakers have OK'd a Notice of Proposed Rulemaking that would provide more coherent and clearly stated foreign ownership requirements for those seeking to purchase a radio or TV station in the U.S. This means a comment period in which the NAB will undoubtedly state its case is coming soon.
Carr Hints At Foreign Ownership Rule Review
Brendan Carr has left an indelible imprint on the FCC in less than three months. And in the latest rule "modernization" effort to emerge since he succeeded Jessica Rosenworcel, Carr is ready to review the Commission's muddy view of foreign ownership.
Cumulus Drops ‘Poison Pill’ Plan as Takeover Concerns Fade
One year ago, Cumulus Media initiated a “poison pill” defense to stave off the looming threat of a hostile takeover from billionaire Manoj Bhargava. Now Cumulus is quietly putting that shareholder rights plan to bed as the danger fades, per an SEC filing.
NewsNet Abruptly Ceases Operations
Over the last 18 months, the founder of 5-Hour Energy, Manoj Bhargava, emerged as one of the most significant new buyers of broadcast television stations in the U.S., with Vince Bodiford in the CEO role. Now, in a surprising and sudden move, their NewsNet operation has folded.
NewsNet Snags A Sunshine State Capitol Signal
Tiny Greenville, Fla. is largely known as the childhood home of Ray Charles. It's also just east of the state capital, Tallahassee, and that's why a low-powered TV station serving this hamlet is of interest to NewsNet's parent — which is agreeing to buy the facility from Jeff Winemiller.
NewsNet Parent Gains A LPTV From the Druckers
The build-out of a network of owned-and-operated low-power television stations that will serve as a broadcast home for the NewsNet 24/7 information source has continued, with its parent company agreeing to acquire a LPTV serving the Colorado Springs market.
Chairwoman, Carr Spar Over LPTV Rule Change Plan
The FCC on June 5 adopted the NPRM proposing LPTV stations maintain an online public file in order to inform the public of a station's operations and facilitate community engagement. The NPRM also suggests updates and amendments to address advances in the LPTV service.
LPTV ‘OPIF’ Proposal Up For FCC Consideration
"We’re facilitating engagement between the public and local broadcasters." That's what FCC Chairwoman Jessica Rosenworcel offered on Thursday as part of her outline of what the Commission will discuss at its June 2024 Open Meeting, scheduled for June 6 — just two weeks after the FCC's May Open Meeting.
What Were The Top LPTV Sales Of 2023?
How active is the low-power broadcast TV transactions marketplace? In 2023, there were plenty of deals. Now, a fresh analysis conducted by Volker Moerbitz has painted a clear portrait of just how many LPTV deals were valued at more than $1 million last year. The top two deals involve Paul Koplin.