Nexstar Stock Hits A Fresh High As Ex-Dividend Day Arrives
While Nexstar Media Group shares have dipped a smidgen since then, upward activity over the last seven days -- punctuated by a strong session on a day when shares are going ex-dividend -- shows investors are highly positive over where Nexstar stock is expected to go.
A New Day For Five Multicast Nets As Luken Era Ends
Five months ago, rumors surfaced that Luken Communications was undergoing a major structural change, and that a co-founder whose surname was used to brand the company was fully out of the picture. That is confirmed, and Luken Communications is no more. A successor company is now in control of five of its six digital multicast networks.
Court Clears Path For T-Mobile/Sprint Merger, and Pai Applauds
A Federal court judge on Tuesday rejected a lawsuit that sought to prevent the merger of wireless carriers T-Mobile and Sprint. It's a decision advocates say will have a major positive impact on the rollout of 5G wireless technology services in the U.S. Among those cheering is FCC Chairman Ajit Pai -- a big proponent of rapid 5G rollout across the U.S.
Elections: Subtle Marketer Influence, Added Ad Spending
New research from Christine Moorman, T. Austin Finch Sr. Professor of Business Administration at Duke University’s Fuqua School of Business, suggests an election year’s continuous exposure to comparisons, such as how candidate A differs from candidate B, can disrupt a manager’s typical decision-making process.
Could Voice-Enabled Ads Fuel Radio Here, Like Down Under?
Voice-enabled advertising, with a focus on in-car radio station consumption, could bring marketers and radio groups results they've been clamoring for. It's already happening in Australia, with one radio station group getting notice by marketers across the continent.
Meredith Shares Surge On Strong Fiscal Q2, Even For Local Media
Meredith Corp. on Thursday released its fiscal Q2 2020 results, and they were strong -- even for local media, which saw dips primarily caused by the disappearance of political ad revenue during the period. For a non-political Q2, it was a record for Meredith. Investors reacted positively, sending MDP soaring by more than 15% in Thursday's trading on the NYSE.
BlackRock’s Media Moves: First Scripps, Now Two Others
In a SC 13G/A filing with the SEC, BlackRock Inc. recently revealed that now holds 8,593,267 Class A common shares of The E.W. Scripps Co. It turns out that BlackRock now holds a significant percentage of shares in another TV company, and is trimming its stake in one of the audio content industry's biggest radio station groups.
FCC To Three FMs: Cease Broadcasts Immediately!
In an August 2017 Summary Decision from then-FCC Chief Administrative Law Judge Richard L. Sippel, authorizations for a trio of FM broadcast licenses were revoked. It ended 14 years of wrangling with the FCC over allegations of lack of candor, misrepresentation and unauthorized transfer of control, among others. Now, they've formally lost their 17-year fight for their right to broadcast.
Cross-Platform Video Measurement and Data: A Gotham Spotlight
RBR+TVBR has the inside scoop on what will be presented Thursday at an exclusive event, hosted by Google in New York, focused on a topic of key importance to marketers and CMOs. Ahead of the gathering, we spoke with CIMM CEO Jane Clarke on what will likely be said at the 9th annual Cross-Platform Video Measurement and Data Summit.
Pai: New ‘White Space’ Rules For Rural Broadband Boost
The desire to bring quality internet connectivity to the most far-flung areas of the U.S. is one of not only consumers, but of the Republican majority at the FCC. With that in mind, Chairman Ajit Pai on Wednesday proposed providing "additional opportunities" for unlicensed white space devices to deliver wireless broadband services in rural areas.
The Year Of OTT: 2020 Reasons For Linear TV Concern?
Viewership across "over the top" (OTT) and connected TV (CTV) is showing no signs of slowing down. We know that. But, a new ZypMedia report could sound alarms at broadcast TV and radio companies looking to siphon as much money from local digital as possible.
Cox Enterprises To Shut Down Videa
After nearly 3 1/2 years of serving the TV industry with a commercial supply-side platform and private marketplace offering stations, agencies and brands a programmatic approach to buying and selling broadcast television inventory at scale, Cox Enterprises -- which is mourning the loss of its 100-year-old matriarch -- is shutting Videa down at the end of Q1.
A WISH For A New Retrans Deal
In early April 2019, as the NAB Show in Las Vegas unfolded, DuJuan McCoy earned national attention for striking a $42.5 million deal to enter Indianapolis. Now, McCoy is in the spotlight as he's learning firsthand just how difficult inking retransmission consent agreements can be. McCoy's twin Hoosier properties are at risk of going dark across AT&T's trio of TV services.
It’s Official: Cheeks In, Ianniello Out At ViacomCBS
Everyone in the know knew it was inevitable. On the final day of January 2020, it became official. Joe Ianniello is leaving ViacomCBS and will "ensure a smooth transition" for his successor, who will become President/CEO of CBS Entertainment Group -- the all-things CBS arm of the newly recombined company -- on March 23.
Big Tent Ad Opportunities: Higher Rates, Fewer Viewers?
As the CMO of a global data science and marketing technology company notes, the Super Bowl isn't as super of a draw as it once was. Yet, that's not stopped networks and broadcast media companies from hiking ad rates. What does this mean for radio or TV stations airing the Big Game? Can media outlets with other "tent pole" events, or shoulder programming, also benefit?