Zacks’ ‘Bull of the Day’: Spotify … With ETM Notable, Too
There's a popular source of music that's the darling of Wall Street watchdog Zacks Equity Research, earning it the "Bull of the Day" honor on Friday. It's not a radio broadcasting company, but one is getting honorary mention for its particularly strong Q3 and soft share price as of late.
The 2020 Election and the FCC: An Insider’s Guide
The 2020 election is expected to attract more than $8 billion in media spending. The FCC will be the forum for resolving complaints engendered by hyper-partisan campaigning. FCC enforcement decisions will be shaped by Bobby Baker, the head of the Media Bureau’s Political Programming Office. In this exclusive report, Baker shares how his office processes candidate complaints and enforces the FCC’s rules.
A Top Nielsen Exec Resigns, With Big Separation Payments
In September 2018, Nielsen appointed a new CFO, succeeding Jamere Jackson. He later added COO duties at the nation's dominant audience measurement and data analytics company. Now, he's leaving ... and a SEC filing reveals he has two big paychecks coming his way between now and July 1, 2020.
Cross-Platform Media Measurement: Where The Industry Stands
Accurate cross-platform media measurement standards, which arrived in autumn, are of keen interest to broadcast media and their advertising partners. George Ivie, CEO and Executive Director of the Media Rating Council for nearly 20 years, is particularly engrossed in cross-platform solutions and what the impact of the standards on video are likely to be.
Partial Debt Repayment in Play For Entravision
The multimedia company targeting Latino consumers plans to fund the prepayment by using cash on hand. Following the prepayment, approximately $218 million will remain outstanding under the company's term loan credit facility.
Hemisphere, Univision Decline Comment On WSJ ‘Overtures’ Report
Representatives from Hispanic media company Hemisphere Media Group and the nation's largest Latino-focused multimedia entity, Univision Communications, have each declined to comment on a report in the Dec. 19 edition of The Wall Street Journal that suggests Hemisphere is one of three bidders for the company led by Vince Sadusky.
Upper Body Of Congress OK’s 2020 Funding, STELAR Bills
The U.S. Senate midday Thursday passed the omnibus spending bill that includes STELAR legislation and incorporates reforms to end hidden cable fees. These reforms will go into effect six months after President Trump signs the bill into law, unless the FCC grants a six-month extension.
HD Radio Parent To Merge With Tivo
Under the terms of the merger agreement, the shares of TiVo and Xperi stockholders will be converted into the shares of the new parent company based on a fixed exchange ratio of 0.455 Xperi share per existing TiVo share. Upon completion of the merger, Xperi stockholders will own approximately 46.5% and TiVo stockholders will own approximately 53.5% of the new parent company on a fully diluted basis.
Three More Years Of Scripps Leadership For Symson
Prior to becoming CEO in August 2017, Adam was Scripps’ COO, overseeing the company’s broadcast TV, radio and digital media divisions. Now, he's guaranteed at least a 5 1/2 year tenure overseeing the owner of 60 broadcast television stations in 42 markets; the Bounce and Court TV digital multicast networks; podcast company Stitcher; and streaming measurement and tech provider Triton.
A VOD Pioneer Slaps AT&T With A Patent Infringement Suit
A company that considers itself to be one of the pioneers of video-on-demand technology has filed a patent infringement action against AT&T -- an action that involves four patents covering streaming media innovations specifically tied to VOD services using the set top box and mobile app technology.
With STELAR Done, An ‘Outdated Law’ Is Sunset
The federal government's FY2020 Appropriations Act needs Senate approval by the end of the week to avert a shutdown, and it is likely. As such, STELA legislation championed by the House Energy & Commerce Committee is set to become law. Retiring Committee Ranking Member Greg Walden is pleased.
Apollo/Cox Media Group Deal Is Formally Done
Cox Enterprises on Tuesday officially completed the sale of its portfolio of television and radio stations; Dayton, Ohio multimedia assets; and its affiliated CoxReps and Gamut national advertising businesses to a new media company with a familiar name: Cox Media Group. This solidifies the role of Steven Pruett as Executive Chairman.
‘STELAR’ Bills Included In Approved House ’20 Appropriations Plan
In a largely anticipated move, provisions related to the soon-to-sunset Satellite Television Extension and Localism Act Reauthorization (STELAR) have been included in what's formally titled the Further Consolidated Appropriations Act of 2020. It passed the House on Tuesday and now needs Senate approval by Friday to avoid a government shutdown.
SBS To Undertake Recapitalization
Spanish Broadcasting System on Monday afternoon confirmed that it has received a letter from "a recognized multinational financial services broadcast lender" stating that it is "highly confident of its ability" to arrange secured debt financing for SBS in an amount of $300 million.
Shell World: NBCU Selects Steve Burke’s Successor
An announcement made just before 9am Monday (12/16) confirmed rumors that CEO Steve Burke would be exiting. At the same time, it revealed who would be filling his shoes.