the HOT List

Today's Hispanic-centric TV programming provider LATV is quite different than what existed a decade ago. How does one define what LATV is today, and its primary value proposition? It's a question Gisella Fu-Ripp answers, among others, in this fresh InFOCUS Podcast, presented by dot.FM. LISTEN HERE

Following its mammoth divestment of the Local Media division, Meredith Corp. will be a company wholly enveloped in its National Media assets. What does this mean for the Des Moines-based company and for Local Media Group President Patrick McCreery? We have the answer.

Gray has agreed to acquire all outstanding shares of Meredith Corporation for approximately $14.50 per share in cash, or $2.7 billion in total enterprise value. Importantly, this will occur following the spin-off of Meredith’s National Media Group to current Meredith shareholders.

In late February, Nexstar Media Group announced that President of Broadcasting Tim Busch will retire on May 31. On Monday, it revealed who will be rising to take on Busch's soon-to-be former duties.

A joint venture of Sinclair Broadcast Group and South Korea's SK Telecom designed to spur the growth and adoption of ATSC 3.0 by broadcast television in the U.S. is poised to introduce "breakthrough, next-generation broadcasting technology" both stateside and in South Korea by the end of 2021.

"With a global economic slowdown, sports cancellations and more, traditional TV advertising experienced steep declines in 2020," it notes. That said, the pandemic accelerated other trends such as digital transformation, OTT video usage, and even new telehealth applications.

His Allen Media Broadcasting had been rumored to be a front-runner in the race to win ownership of 10 television stations Gray Television agreed to sell in order to receive regulatory approval of its merger with Quincy Media, Inc. It's now official: Allen Media is the buyer.

The owner of CBS 46 and Peachtree TV in Atlanta enjoyed a particularly strong fiscal Q3, with the first three months of 2021 yielding a healthy increase in core advertising. The big takeaway: political dollars surpassed expectations, thanks to two runoff U.S. Senate races in the Peach State that received national recognition — and financial support.

They include WTVJ-6 in Miami, KNBC-4 in Los Angeles and WRC-4 in Washington, D.C., among other stations. They have been, until now, among the NBCUniversal Owned Television Stations. Not anymore, thanks to a rebrand announced by division president Valari Staab on Thursday.

The honors recognize outstanding community service by local broadcasters. One winner from each category will be announced during the Celebration of Service to America Awards program, which will air on television and radio stations across the country as a special one-hour awards ceremony featuring celebrity guests, past honorees and policymakers.

With Tuesday’s Closing Bell, DISCA finished at $39.01. Wednesday was a downbeat trading day for Discovery. Why? Its Q1 2021 results missed Street expectations.

Nearly one month into the second quarter of 2021, Spanish Broadcasting System late Monday officially revealed its financial results for the final three months of 2020. While its television arm enjoyed double-digit year-over-year revenue improvement, its core radio station group suffered from a double-digit year-over-year revenue decline.

Univision majority shareholder Searchlight Capital Partners  has selected a new Partner who also becomes a prospective board member of "a number of Searchlight’s existing investments in the technology, media, and telecommunications sectors." It's a former FCC Chairman known for an oversized Reese's coffee mug.

International marketing intelligence service WARC's latest Global Advertising Trends report has been released. In it, WARC outlines "the new, long-term shifts in e-commerce, social media, online video and gaming for brands and consumers." What's the key takeaway for broadcast media executives? Linear television advertising plummeted.

To create binational multimedia giant Televisa-Univision, a blockbuster merger revealed on the evening of April 13, investors were brought to the table. They include the SoftBank Latin America Fund, The Raine Group and Google, with a combined $1 billion infusion from these entities agreed to. Google's involvement goes beyond cash.