the HOT List

Thanks to its acquisition of Tribune, Nexstar Media Group today owns KSWB, "FOX 5" in San Diego. Pending FCC approval, it will own a second television station in "America's Finest City" — and Tucson-based brokerage Kalil & Co. helped put the deal together.

How Nexstar Media Group, the nation's largest owner of broadcast television stations, fared in the first quarter of 2023 will be revealed on Tuesday morning. Then, later this month, senior management will be participating in a pair of investor conferences.

“Stay there without a book, magazine, newspaper, profit-and-loss sheet or rating book to distract you, and keep your eyes glued to that set until the station signs off.  I can assure you that you will observe a vast wasteland." Those are the infamous words shared in 1961 by then-FCC Chair Newton Minow, who has died at the age of 97.

When The CW Network was acquired by Nexstar Media Group in 2022, CBS News & Stations maintained the right to end its affiliate agreements with the network. It is now known that the Paramount Global unit has followed through with the affiliation discontinuations, impacting eight DMAs.

"Overall, our businesses have started 2023 in a strong position." That's the declaration from Gray Television as it released its first quarter earnings results on Friday morning, ahead of the Opening Bell on the NYSE. The first quarter of 2023 produced "record results," including $801 million in total revenue.

For The E.W. Scripps Co., a swing to a net loss was indeed seen in the first quarter of 2023. But, the results were in line with the analysts polled by Yahoo! Finance.

On April 20, the company struck a historic multi-year agreement with the Women’s National Basketball Association to televise games on Friday nights during the regular season on Ion, the diginet that it acquired in January 2021. Now, The E.W. Scripps Co.'s Scripps Sports, under the direction of Brian Lawlor, has perhaps scored a hat trick of epic proportions. 

Paramount Global, the parent company of CBS News & Stations, suffered a significant sell-off of its shares on the Nasdaq exchange Thursday morning, following the release of first quarter 2023 earnings that missed the mark on both revenue and earnings per share.

It owns seven television stations located in Houston, Detroit, Orlando, San Antonio, Jacksonville and Roanoke, as well as SocialNewsDesk, a provider of social media management tools designed to connect newsrooms with their users. How did Graham Media Group perform in the first three months of 2023, from a fiscal standpoint?

“Sinclair is seeing a solid start to 2023, meeting or beating guidance on all key financial metrics." Nonetheless, President/CEO Chris Ripley says Sinclair remains "cautious for the full year on expectations for a weaker economy." To help combat an uncertain ad market, the company is looking to data distribution and non-broadcast investments as a profit maker.

Is "macroeconomic weakness" impacting core advertising? For Sinclair, the answer to that question is yes. But, to what degree? EVP/CFO Lucy Rutishauser offered some answers while detailing the company's first quarter results.

The owner of Spanish-language radio stations such as WAQI "Radio Mambí" in Miami, acquired from TelevisaUnivision in 2022, has selected a new CEO. She'll join company founders Stephanie Valencia and Jessica Morales Rocketto "in scaling one of the largest Latina owned multi-platform audio and media companies to serve the Hispanic market in the U.S. today.

While the Q1 '23 results pleased the iHeartMedia C-Suite, a year-over-year revenue and adjusted EBITDA decrease was nevertheless seen. Oh, and there's the much bigger net loss. The good news is that the net loss was lower than what analysts anticipated, and audio/digital ads are on the rebound.

The nation's No. 1 owner of broadcast television stations has reached a "comprehensive multi-year distribution agreement" with the vMVPD and streaming video platform majority owned by The Walt Disney Company.

The 2022 Environmental, Social and Governance report for the broadcast media company that owns stations including flagship FOX affiliate WBFF-45 in Baltimore has been released. And, it details the publicly traded company’s ESG achievements in 2022 and progress toward its longstanding ESG goals and commitments.