Nexstar, Verizon FiOS Agree To A Retrans Deal
Nearly two weeks after Nexstar Media Group's broadcast TV stations and its NewsNation cable channel were blocked to subscribers of Verizon FiOS cable services, a retransmission consent agreement has been signed by the largest owner of broadcast TV stations in the U.S. and the regional MVPD.
Despite Q3 Revenue Decline, Cumulus CEO Pleased With Digital
As Cumulus Media CEO Mary Berner sees it, the company's third quarter earnings results are "solid." Yet, "market-driven headwinds" led to a 2% revenue decline in the period. Blame that on national advertising channels, she said. The bigger takeaway is that digital revenue has continued to grow, and profitability has increased as well.
Canada’s Competition Bureau Mediation Fails For Rogers, Shaw
The $20 billion CDN proposed merger between Rogers Communications Inc. and Shaw Communications, which involves the sale of Freedom Mobile to Quebecor to help gain Canadian regulatory approval, is today in doubt after the three companies failed to mediate their differences with the federal competition bureau.
FCC Proposes to Strengthen EAS Security
The FCC has approved a Notice of Proposed Rulemaking that would boost the operational readiness and security of the nation’s public alert and warning systems — the Emergency Alert System and Wireless Emergency Alerts.
Even With Peacock Losses, NBCU Adjusted EBITDA Surges
How did NBCUniversal perform, specifically, in the quarter ending September 30? OTT platform Peacock is increasing its paid subscriber count, but still saw losses. Still, that didn't put a damper on an adjusted EBITDA increase of 24.6% for NBCU.
NATPE Nixes Bahamas Conference As Bankruptcy Restructuring Continues
Just weeks after filing for Chapter 11 bankruptcy protection and noting that it had no intention of cancelling its two 2023 conferences, NATPE has backtracked by announcing that the event designed to replace NATPE Miami will no longer be held.
NewsNet Secures More Florida O&Os
The licensee funded and backed by company chairman Manoj Bhargava, the creator of 5-hour ENERGY, and led by CEO Vince Bodiford has agreed to purchase additional low-power TV stations in the Sunshine State, as part of its quest to bring its free-to-air NewsNet digital multicast network to more households.
A ‘FACT’-Focused Bill Gets Brendan Carr’s Thumbs Up
The third-ranking House Republican has teamed up with a Republican serving the Green Bay, Wisc., region in introducing legislation designed to counter the influence of China and other foreign adversaries on the United States' telecommunications infrastructure. That highly pleased the ranking Republican Commissioner on the FCC.
A Big Price Target Jump Awarded to Netflix
Just one week ago, Pivotal Research Group Analyst Jeffrey Wlodarczak raised Netflix's price target based on "moderately better than expected overall Q3 subscriber growth." At the time, he set a new $200 Year-End 2022 price target. You can erase that. Wlodarczak has significantly raised that estimate.
Report: Newsroom Contract Buyouts Come To ‘TOP
According to multiple reports, Hubbard Radio is initiating a Voluntary Separation Program for all full-time non-managerial staff who work in the newsroom at WTOP Radio — the nation's top-billing radio station. A staff memo was distributed on Tuesday by SVP/GM Joel Oxley, who did not immediately return RBR+TVBR's call seeking comment.
Corus In Fiscal Q4? ‘Meaningfully Lower Financial Results’
Corus Entertainment is a major player in Canada. It isn't immune to the recessionary economy and inflation, along with a highly deflated Loonie against the U.S. dollar, that has made its financial health a bit shaky. The company's fiscal Q4 results, released late Friday, were far from stellar.
ATSC 3.0 Trends and Advice, Shared By Heartland
The 2022 NAB Show and NAB Show New York are now history. But, Heartland Video Systems is relishing in the value of "a unique exhibit" it organized at the Las Vegas affair that offered lessons on technology integration associated with the voluntary rollout of the NEXTGEN TV digital broadcast standard.
Mission Failure: Retrans Tussle Blocks 26 Stations on DirecTV
Welcome to the latest retransmission consent battle, and it has led to the "blackout" of some 25 television stations licensed to Mission Broadcasting. To little surprise, each party is blaming the other for the impasse, which involves stations including the FOX affiliate serving New York's Capital District.
Third-Party Cookie Absence Would Cost Radio, TV Billions
Just how impactful are third-party cookies to the broadcast radio and television industry today? If they were eliminated with no privacy-preserving alternatives, 6.3% of all radio and TV revenue would disappear.
Snap, Crackle, Flop: Social Media Firm Sees Sour Q3
Has the Snapchat app officially fallen by the wayside, with TikTok and Instagram far more front-and-center with both users and advertisers? That may not be the case based on its active user rolls. But, monetizing its audience is whole other matter, as can be plainly seen in a rather dismal third quarter earnings report released after Thursday's Closing Bell. In after-hours trading, Snap Inc. shares plummeted by more than 27%.