Ransomware Attack Impacts Sinclair In Q4
Yes, year-over-year topline numbers for broadcast television's biggest players are down. But, very tough Q4 2021 comps due to record political revenue in the final months of 2020 are at play. Ex-political, Nexstar reported strong results on Tuesday. How did Sinclair Broadcast Group fare in Q4? Adjusted EBITDA dipped by 62.1%. The October cyber attack played a major role in the quarter.
Univision Q4 Results Come, Now From ‘TelevisaUnivision’
"I could not be happier to be kicking off the first earnings call for TelevisaUnivision," CEO Wade Davis said as he began the earnings review for the U.S.-focused component of a reinvented multinational operation that is now the biggest in the world serving Spanish speakers. How did Univision Communications perform in the final three months of 2021?
Dave Lougee Is Exiting TEGNA. Here’s His Successor
With confirmation that TEGNA is being acquired by a partnership led by Standard General that sees Apollo Global Management taking a non-voting stake in the broadcast television company, CEO Dave Lougee will depart. Who is his replacement? A familiar face for Soohyung Kim, the new TEGNA board chairman once closing occurs.
A Soo Kim/Apollo Deal For TEGNA Is Done. Changes are Coming
Majority control in TEGNA, pending regulatory approval, is to be sold to a partnership involving Soohyung Kim and the majority shareholder in Cox Media Group. Public trading will cease. Premion will operate as a standalone business. Stations in 3 Texas markets will transfer to CMG from TEGNA. And, Dave Lougee is exiting as CEO.
Nexstar Warns Potential New Hires of Recruitment Scam
"Please be cautious of individuals or online entities claiming to represent Nexstar in the hiring process," Nexstar Media Group is warning potential hires, as it has learned it has become the victim of a recruitment scam.
Weigel Wins Another Winemiller Divestment
The man behind Lowcountry 34 Media is signing off on an agreement that would give one of his properties to the Chicago-based entity led by Norman Shapiro that is readying the launch of a sixth digital multicast network.
Streaming Hits An All-Time High In January
How important are AVOD, OTT and FAST Channels to broadcast TV? The latest data from The Gauge, Nielsen's total TV and streaming snapshot, show that streaming reached an all-time high in first month of 2022, while overall television usage increased 8%. Combined, a powerful metric for broadcast TV emerges.
A Centennial Celebration for a New York AM
From a studio on a high floor atop the Bamberger's building in Newark, WOR-AM signed on the air on Feb. 22, 1922. Today, it is stronger than ever, and serves as the spoken word East Coast flagship of the iHeartMedia family, which is readying plans for the station's 100th birthday celebration.
Shares Tumble On Wall St. as Final ViacomCBS Quarter Underwhelms
ViacomCBS is no more, and will now be known as Paramount. Investors may be nonplussed by the move, which in some ways puts the entire company's future on the present-day push for the Paramount+ OTT platform and a movie studio that in the not-so-distant past has seen its fair share of financial struggles.
‘Con Prende,’ TelevisaUnivision Unveils New OTT Platform
To those closely following the evolution of Univision under CEO Wade Davis, it is hardly a surprise. It's the name of the company Univision acquired in February 2021, and it's a video on demand entity with a pre-existing footprint stretching from the U.S. through Latin America.
Does An FM Faced With Death Have A Second Equity Holder?
Convicted felon Roger Wahl could see the license cancellation and call letter deletion of his 630-watt FM radio station atop Mt. Hunsrick, serving Somerset County, Pa., following a Hearing Designation Order and subsequent FCC Commissioner vote. But, there's a new plot line straight out of a soap opera: it now appears that a long-lost equity holder in the FM has emerged — or so the person alleges.
Office Building, Apartment Tenants To Get Broadband Choice
It's a move the FCC made on Tuesday that could end favored-nation status for MVPDs who have exclusivity in such locales, bringing a major change in the dynamic of residential HOAs, office building management and apartment complex owners.
Sinclair’s ‘News Reporter Academy’ Returns For College Students
In the three-hour interactive session, students will learn the basics of news reporting and investigative storytelling, managing a social media presence, how to look and sound their best on-camera and how to package a resume and reel.
Meet Saga Communications’ Newest Institutional Investor
He's the founder and Portfolio Manager of a Chicago-area investment house focused on "micro-cap value equities." According to his LinkedIn profile, its portfolio "is constructed through [an] in-depth, fundamental research process focused on the potential risk and return of each investment." Among the companies that part of his portfolio: Saga.
A Problematic Personal TV Antenna Yields FCC Fine Warning
A Western N.Y. homeowner could be faced with "significant fines" of up to exactly $22,021 per day for what the Enforcement Bureau says is harmful interference to a Commission licensee's LTE communications, and the resident's refusal to allow a Bureau Agent to inspect the premises to identify the source of the interference — believed to be a TV antenna.