Nexstar Logo

DirecTV, By Law, Pulls Nexstar Stations Over Retrans Dispute

It's official: The nation's biggest owner of broadcast television stations has been unable to reach a retransmission consent agreement with DirectTV and U-Verse, even as the TV station group offered to extend its current agreement to a date of the DBS provider's choosing up until October 31.
Alfred Liggins III, President/CEO, Urban One

With 10-K Filing, Urban One Reveals Restated FY ’22 Results

On Thursday, it became known that Urban One would host a conference call for analysts and shareholders on July 7 to discuss its restated fiscal 2022 earnings results. It turns out that this is now optional for those who simply want to look at the numbers. A 10-K filing made Friday by Urban One disclosed all of the financial figures for the 12-month period ending December 31.

Three TV Groups Want Federal Ad Price-Fixing Settlement Annulled

At the end of May, TEGNA and the successor companies to Raycom and Meredith did not agree to terms with settlement agreements that resolve advertising price-fixing claims being litigated in a Chicago federal court. Now, the TV station owners have asked the court to reconsider the settlement agreement reached in May. Why? Confidential client rosters would be handed over to the plaintiffs.
Bonneville International

Meet Bonneville’s New Chief Content Officer

She dedicated 25 years to a career as a television news anchor and reporter, with a decade spent at Bonneville's KSL-5 in Salt Lake City. Additionally, she's been an instructor of broadcast journalism at Brigham Young University and a member of the LDS Church media team. Meet the new EVP/Chief Content Officer for Bonneville.
Rich Schmaeling, CFO of Audacy Corp.

A Reverse Stock Split For Audacy Is Complete

Audacy Inc. has moved forward with a reverse stock split — a decision rooted in its desire to regain compliance to trade on an exchange such as the NYSE, which it was booted from due to its prolonged sub-$1 share value. What was the ratio that Audacy's executive leadership team decided upon?

Skyview Networks and ABC Audio Agree to Separate

A partnership between Skyview Networks and ABC Audio will be coming to an end at the end of 2023, the Phoenix-based radio syndication and national ad sales firm has confirmed.
Corus Entertainment's Toronto headquarters, as of January 2020

‘Advertising Recession’ Continues For Canada’s Corus In Fiscal Q3

Corus Entertainment on Thursday released its fiscal third quarter 2023 results, and for President/CEO Doug Murphy, the declines are the result of one key conclusion — the Canadian radio and TV station owner's advertising recession, which began last summer, continues, negatively impacting revenue.
Nicole Ovadia

A Big Revision Downward From BIA On 2023 Local Ad Dollars

In November 2022, BIA VP of Forecasting and Analysis Nicole Ovadia offered up her first prediction of just where media advertising revenues will be in 2023. At first, a decline of 0.5% from the firm’s final estimate of $166.5 billion for 2022 was expected. Revised data has just been released by BIA, and it's not as rosy.

SCOTUS Declines To Reconsider 2008 Bankruptcy Sale of Alabama FM

Nearly 15 years ago, a Chapter 11 bankruptcy trustee for an Alabama broadcaster engineered the sale of an FM for $1.1 million. The licensee, however, had protested this sale, claiming Citizens Bank wrongly foreclosed on the FM and that it had a more robust purchase agreement in place. An Alabama federal court ruled in favor of the bank. Now, the U.S. Supreme Court has declined to consider an appeal.
Kathy Saunders

After 28 Years, Saunders To Retire From FOX/DFW

She has served as SVP/GM of FOX Television Stations' two Dallas-Fort Worth broadcast properties since 1997, and has been with the company since 1995. Her final day in the role is Friday, FTS has confirmed.
Florida TV Sale

NAB Applauds FCC Move to Affirm ATSC 1.0 Sunset Date

A FCC "Third Report and Order and Fourth Further Notice of Proposed Rulemaking" that seeks public comment is a significant matter for all U.S. broadcast TV stations, as the Commission has now said when required identical ATSC 1.0 and ATSC 3.0 can conclude.
Philadelphia

A Heritage R&B FM Seeks SAG-AFTRA Representation

A June 30 deadline for the Alliance of Motion Picture and Television Producers to reach "a fair deal" with SAG-AFTRA has some growing increasingly concerned about a work stoppage. In Philadelphia, SAG-AFTRA representation is something air personalities and producers at "Power 99" seek. Will iHeartMedia say yes to their effort?
Sen. Maria Cantwell (D-Wash.)

Senate Committee Considers Anna Gomez For Fifth FCC Seat

On Wednesday, the four voting members of the FCC appeared at a House oversight hearing that touched on GOP concerns over the aborted TEGNA acquisition by Standard General. Sen. Ted Cruz made sure the subject was a focal point of Thursday's Senate Commerce Committee nominations hearing for four FCC roles.
Curtis Legeyt

NAB Cheers Cantwell Call For vMVPD Retrans Plan

While much of the discussion during Thursday's Senate Commerce Committee FCC nominations hearing focused on subjects such as broadband access, Majority Leader Maria Cantwell made it clear that a proceeding started nine years ago regarding streaming media services and “bargaining in good faith” needs to be revived. Curtis LeGeyt couldn't agree more.

Political Divide In Full View At FCC Oversight Hearing

From net neutrality to the failed TEGNA takeover by Standard General, Democrats and Republicans on the House Energy & Commerce Committee are at odds with many of the regulatory topics of top discussion involving the FCC. Yet, there's one thing both parties seek: a return of the FCC's spectrum auction authority.