the HOT List

On its surface, one might wonder why Nexstar saw a Q4 net income dip. The answer: One year ago it did not own The CW Network, which experienced a substantial loss. Subtract out the soon-to-be revamped network, and Nexstar's tale is one of the industry's strongest.

Graham Media Group, the Detroit-headquartered arm of Graham Holdings Company led on a day-to-day basis by Catherine Badalamente, enjoyed both a strong fourth quarter and full-year 2022, with revenue increases largely attributable to a big infusion of political dollars.

TEGNA's proposed $8 billion acquisition by Standard General, with help from Apollo Global Management, is in serious danger of disintegration following the FCC's decision to designate it for a hearing in front of the Commission's judge. With that, the company on Monday released its Q4 2022 results. They fell short of analyst expectations.

The National Religious Broadcasters and National Association of Black Owned Broadcasters on Monday emerged as the latest supporters of the Local Radio Freedom Act. In response, musicFIRST claims "community broadcasters" want the "American Music Fairness Act."

The long-awaited approval of a privatization effort that would bring TEGNA ownership under Standard General control, with a large minority non-voting stake in the television station owner held by Cox Media Group's majority owner, Apollo Global Management, has not come. Instead, the FCC has issued a Hearing Designation Order — an ominous sign for Soo Kim.

Record political advertising in a mid-term cycle helped Gray Television, in particular, across 2022, with some $515 million coming to the company. This exceeded 2018's full-year political dollars by 232% on an as-reported basis.  How did Gray perform in Q4?

With a focus on the future and the potential of live sports, Scripps Networks has much to look forward to, E.W. Scripps Co. executives believe. In Q4 2022, however, earnings slumped, resulting in EPS and revenue misses. Investors responded, with Scripps shares down sharply on Friday.

A field reporter and a photo journalist covering a homicide investigation in an Orlando neighborhood were doing their job. Then, shots were fired. Today, the reporter, aged 24, is dead. The photo journalist is in critical condition.

While the audio content creation and distribution company's revenue surpassed the consensus estimate of the three Wall Street analysts that cover Cumulus, the earnings per share came in at zero, as increased expenses led to a year-over-year decline in adjusted EBITDA.

While the five Wall Street analysts who track Sinclair Broadcast Group were widely divergent in their EPS forecasts, the company easily surpassed the consensus EPS estimate as the company stuck with its $0.25 quarterly dividend. The other big news: Chris Ripley wants the FCC to "sunset" ATSC 1.0 to help push NEXTGEN TV.

Shares of Corus Entertainment Inc. stock tumbled by 12.4% on Tuesday after the owner of broadcast media stations across Canada announced Friday that it has completed an agreement to amend its March 2022 "Sixth Amended and Restated Credit Agreement" with its bank group, led by RBC Capital Markets and TD Securities.

With Ed Stolz given perhaps unprecedented chances to reignite sales and revenue at three FMs he managed to wrangle back from VCY America as he seeks to emerge from Chapter 11 bankruptcy protection, a Nevada federal bankruptcy court has now signaled that time may be up for the embattled licensee. That may finally seal his fate, with no choice but to sell the FMs.

Since June 1991, David Reid Magnum has gained recognition as a hyperlocal owner and operator of broadcast media properties across Wisconsin. Now, Magnum-owned Magnum Media has opted to part ways with a pair of AM radio stations, three FM translators, and a Class C3 FM serving five distinct locales across the state.

Even though the TV Media arm of Paramount Global enjoyed 5% EBITDA growth in the fourth quarter, it was down 7% for the full year. That's nothing, however, compared to the Free Cash Flow concerns a pair of MoffettNathanson analysts have for the CBS News & Stations parent.

Seven plaintiffs who teamed up to sue Cumulus Media over how the company's 401(k) plan was administered have given their approval to a Class Action Settlement Agreement. Meanwhile, there is a new development in an ongoing legal tussle between Cumulus and former Atlanta morning host William Choate, a.k.a. "Cadillac Jack."