Price Now Known For BIN’s Big Apple Home
As of Sept. 10, iHeartMedia can say it has a home for BIN: Black Information Network in the Big Apple, and Kalil & Co. was the broker of record. On Wednesday, the price iHeart is paying for the property became known. And, there's a new twist: an FM translator's inclusion in the deal could presage a bigger deal for BIN in the Big Apple.
AT&T Complaint Against Sinclair-tied TV Owners Affirmed
The FCC announced late Tuesday that it has affirmed a Media Bureau finding that 18 stations owned by eight broadcast TV station ownership groups failed to negotiate for retransmission consent in good faith. As such, the Commission has proposed a forfeiture of $512,228 — against each station.
SiriusXM Shares Shaky As Witz Wins CEO Seat Amid CFO Shuffle
Investors responded to major leadership changes announced early Tuesday at SiriusXM in a negative matter, as SXM dipped in value in heavy trading on the Nasdaq Global Select exchange. Why the dip, which put SiriusXM down by 5%? Its CEO will retire at year's end, and a new CFO is in place.
A Billion-Dollar Debt Swap Plan Emerges For Nexstar
Another broadcast media company is swapping old debt for new debt. Only, this offering of senior notes is a billion-dollar endeavour. And, it involves the biggest broadcast TV company by station count in the U.S.
A Deal That’s All About ‘Me’ In Music City
A full-power TV station offering MeTV programming to the Nashville market is being spun to the company that owns and operates the digital multicast network seen around the country. The deal gives Weigel Broadcasting ownership of a one-time religious entity. Who's the seller? Look no further than Les Levi and Philip Falcone.
As Mission Consolidates, Dish Says No To Retrans Offer
Mission Broadcasting, the entity led by Dennis Thatcher, has become the latest station owner to become entangled in yet another retransmission consent stalemate. It involves Dish, and comes as Mission is consolidating stations owned by various licensees that enjoy shared service agreements with Nexstar Media Group.
D.C. Pundits Posit Possible Post-Election Commissioner Moves
The latest presidential election-related gossip to emerge from the Nation's Capital involves the FCC. And, it appears that no matter who wins the 2020 U.S. Presidential Election, the composition of its Commissioners will not be the same come January 21.
Entercom ‘Enhancements’ Lead To Alt., Country Job Cuts
An internal memo distributed to Entercom staff and obtained by RBR+TVBR on Thursday, written by President/CEO David Field, suggests some significant programming strategy alterations are coming soon for the company's Country and Alternative properties. At the same time, a restructuring of the audio media company's national sales teams is about to transpire.
A Big 2021 Schedule Change For NAB Show and Radio Show
The National Association of Broadcasters officially shifted the dates of its annual conference and expo in Las Vegas from mid-April to mid-October 2021. At the same time, the 2021 Radio Show, a co-production of the NAB and the RAB, will be co-located with the NAB Show.
House E&C Markup OK’s Butterfield Bill, Nixes Walden Want
Legislation introduced in late July that would reinstate the minority tax certificate program, a move that many say will reinvigorate the potential for increased radio and TV station ownership by women and multicultural operators, is moving to the full U.S. House of Representatives for a floor vote. But, it is absent of one key subject.
Meredith Corp. Takes ‘Prudent’ Step Toward Local, National Split
It's not in response to any specific conversations or events. Rather, Meredith Corp. is taking "a prudent step to increase the number of options available" by seeking shareholder approval of an amendment to its charter. Why? The goal, the company says, would assist in a split of its national and local assets -- should it elect to make such a move.
Butterfield’s Media Diversity Bill Gets An Important Markup
Legislation introduced July 25 by a Democratic Congressman that would promote diversity of ownership in the broadcast industry by reestablishing the Minority Tax Certificate Program is one of 38 bills on the markup docket for a Wednesday session of the powerful House Energy & Commerce Committee.
Nick Cannon Returns To Nationally Syndicated Show Ahead of ‘Power’ Restoration
With the controversy surrounding Nick Cannon's comments steeped in Jewish stereotypes made on a July podcast now faded from public consciousness, the multi-media star is returning to his syndicated program -- but not just yet at his flagship FM.
Nexstar, Mission Get New Multimillion-Dollar Revolving Credit Commitments
Nexstar Broadcasting and "variable interest entity" Mission Broadcasting have received new revolving credit commitments in an aggregate principal amount of $280 million under each entity’s respective existing credit agreements.
Scripps and Dish Kiss and Make Up
At 4:02pm Eastern on Sunday, as some were enjoying a relaxing long holiday weekend and a happy break from work obligations, The E.W. Scripps Co. and Dish Network finally got a little bit of celebration of their own. A five-week impasse that led the broadcast TV stations owned by Scripps to be blocked from Dish subscribers had finally come to an end.