Meredith Shares Slip On News of Local Media Layoffs
On Thursday, WWD took a pause from its N.Y. Fashion Week coverage to share that Meredith Corp., the parent of such venerable women's lifestyle brands as PEOPLE, would be shedding 180 jobs. But, it turns out the Local Media arm of the Des Moines-based company is bearing the brunt of the layoffs.
A Capitol Capture Gives Raleigh TV Twins A Class A Sibling
Until now, the CBC operating in the U.S. — Capitol Broadcasting Co. — owns three television stations in North Carolina. Soon, the company led by Jimmy Goodmon will add a fourth property, a LPTV, to the mix. What's the plan for the company pioneering ATSC 3.0 and NEXTGEN TV in the Triangle region?
Nexstar Appoints New GM As WDKY Purchase Closes
A 9 1/2-month saga for a Kentucky FOX TV affiliate has formally ended. It is now officially owned by Nexstar Media Group. As such, this TV station has a new VP and General Manager.
Partisan Sparring, Broadband Crowing: A ‘Trump FCC’ Hearing
The House Subcommittee on Communications and Technology -- led by Michael Doyle of Pennsylvania -- conducted Thursday a FCC Oversight Hearing steeped in broadband access discussion and debate. That didn't stop the House Energy & Commerce Committee Chairman Frank Pallone from taking a swipe at Ajit Pai's "modernization" efforts as they pertain to Radio.
U.S. Media: ‘Too Much Of A Good Thing?’
Is there an abundance of sports at a time when TV viewing typically dips? That is a question Wall Street wizard Michael Nathanson, Senior Analyst at MoffettNathanson poses. What he says could flatten that fresh six-pack of beer and hasten the mold on that cheese pizza.
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.