the HOT List

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."

In a transaction that involves DMA No. 102 and the nation's 126th largest market, respectively, Gray Television has agreed to swap a television station it owns but does not operate for a digital UHF property serving Macon, Ga., that is presently a MeTV network affiliate.

Samba TV has released The State of Viewership report that dives into the data it collected between July and December of last year. "The competition for attention is intensifying as more consumers shift viewership not just from linear TV to streaming, but between streaming services at will." What does this mean for broadcast television?

It was a Valentine's Day that saw the Biden Administration's nominee for FCC Commissioner, Gigi B. Sohn, spend nearly three hours of her time inside Room 253 of the Russell Senate Office Building for the third and possibly final confirmation hearing convened by the Senate Commerce Committee. How did the hearing go?

SBS has agreed to sell the five broadcast television stations airing its MegaTV Spanish-language network — as well as its headquarters building — to a Lone Star State entrepreneur that will rebrand the TV operation and refocus its programming on conservative political commentary and news en español.

The NY State Broadcasters Association has vociferously responded to proposed federal legislation that would ban sports wagering advertising, slamming the bill for its potential negative impacts on broadcast station revenue. For NYSBA, the bill is particular concerning as it was introduced by a House Member representing Albany.

Indeed, the quarter was a poor one for Disney's Linear Networks. Furthermore, while Direct-to-Consumer revenue grew by 13% year-over-year, its operating loss surged by 78% — a sign that Disney+, which experienced a dip in subscriber growth for the first time, is stumbling.