MediaCo’s Shining Star For Dollar Generation: Digital
The publicly traded broadcast media company that's parent to the Hispanic-focused Estrella Media operation and heritage multicultural radio brands "HOT 97" and WBLS in New York enjoyed a digital revenue surge in the first quarter that helped send overall revenue up 12%. That said, audio revenue was down.
As Expected, SBS Begins Prepacked Chapter 11 Process
It was first reported on April 8: The company founded in 1983 by Raúl Alarcón Jr. moved forward with a restructuring support agreement that sees it intend "to commence voluntary Chapter 11 cases" under U.S. bankruptcy code in a Delaware court. On Monday, the bankruptcy filing was made.
Sinclair C-Suite Leaders Ready To Woo Investors
Add Sinclair Inc. to the group of broadcast television station licenses that will have executive leadership present at a pair of key upcoming institutional investor affairs. For the company led by CEO Chris Ripley, appearances will be seen in Austin on May 19 and in Boston the following day.
Nexstar Leaders Commit To Two Investor Affairs
Executive management representing the nation's largest broadcast television station owner have committed to appearances at two upcoming institutional investor conferences. The first of the two events is on May 18 in Boston.
Scripps Gets Two More Years For $200M Credit Facility
The E.W. Scripps Co. has notified the SEC that it recently amended its credit agreement with JPMorgan Chase Bank, giving it more time to repay one of two revolving credit facilities — this one with a much higher balance due.
Nexstar’s Board Declares A Sizable Quarterly Dividend
Nexstar is aggressively moving ahead with full confidence that its acquisition of TEGNA is proper, allowing it to integrate the company's assets with its own. With all eyes on Nexstar's May 7 Q1 2026 earnings call, the company's board of directors has moved forward with a healthy quarterly cash dividend for its stockholders.
Audacy Adds To Its Board of Directors
The Global Chief Revenue Officer of DAZN and DAZN USA's President, along with a Soros Fund Management executive, have been named to the Board of Directors of Audacy, the audio content creator and distributor that is now majority controlled by SFM.
Beasley Knocks Millions Off Its Debt With Exchange Completion
The debt restructuring plan Beasley Media Group announced in March is complete, with the company exchanging nearly all of its Second Lien Notes for new paper due 2027, which Beasley expects to clear the going concern opinion from auditors with its 2025 earnings.
Sweet Goodbye: Entravision Board Member To Exit
She has been a Director of Entravision Communications' board since October 2023 and also serves as a director of technology and data science firm MediaAlpha Inc. Her resume also includes a stint as Chief People Officer at Snap Inc. Her role on Entravision's Board of Directors will soon be coming to its conclusion.
An Ad Exposure Data Boost Comes From Innovid
Independent software platform Innovid, used for ad creation and for delivery, measurement, and optimization purposes, has brought "Conversion" signals to its "Harmony" product — an enhancement designed to give publishers and platforms the ability to optimize in real time against actual business outcomes.
With NFL, NCAA Football Season’s Start, DraftKings Spots Spark
Thrilled about Daniel Jones' performance on Sunday, or thoroughly disappointed by Russell Wilson, Tua or those J-E-T-S? DraftKings knows many have been pulled into the always-magnetic NFL season already, and to attract those fans and perhaps those of college football, it stepped up its Spot activity last week.
Scripps Shares Nearing Year-To-Date Highs
If you're a shareholder of The E.W. Scripps Co. and you've been a bit unhappy with the broadcast television station owner's share value in recent months, you may have a reason to cheer. That's because Monday's trading on the Nasdaq put "SSP" on track for its return to values above $3 per share.
SBS Confirms Long-Awaited Houston Deal Completion
As RBR+TVBR reported before the Christmas holiday, SBS has taken over KROI-FM in Houston. Additional details on how it was finally able to complete a deal announced in April 2023 were made in an SEC filing by the Miami-based company founded and led by Raúl Alarcón Jr.
Rogers Takes Bell’s Stake In Maple Leaf Sports & Entertainment
When the billion-dollar transaction closes, Rogers will be the largest owner of MLSE with a controlling Interest of 75% in the entity that owns the Toronto Maple Leafs and Toronto Raptors. Meanwhile, the deal will provide Bell with the opportunity to renew its existing MLSE broadcast and sponsorship rights long-term at fair market value, Rogers says.
Canada’s Corus Amends Its Credit Facility
Corus Entertainment Inc. has completed an agreement to amend its "Sixth Amended and Restated Credit Agreement" with its bank group, led by RBC Capital Markets and TD Securities, as co-leads, dated March 18, 2022, as last amended on May 30, 2024.