Sook: Owning More Is Good For OTA TV’s Future
Perry Sook, the head of Nexstar Media Group, delivered a speech at the latest Media Institute’s Communications Forum in which he discussed the national cap governing ownership of local TV stations, ATSC 3.0's voluntary rollout, and Nexstar's local content commitment.
Nielsen Takes A Stand On Census Citizenship Query
On Tuesday, the Supreme Court begins debate on the topic of including a citizenship question to the decennial U.S. Census. Nielsen typically doesn't get involved in such matters. But, given its strong importance, it says, "we are taking a stand for the good of the overall industry."
Fidelity Communications’ Buyer Gets $1 Billion-plus In Credit
A publicly traded MVPD that is buying Fidelity Communications for $525.9 million through a combination of cash, revolving credit facility capacity and the proceeds of new indebtedness just moved forward on financing the deal by opening a big credit line with J.P. Morgan.
The CW’s New Home In Chicago? The U
In what veteran Windy City media reporter Robert Feder calls a "surprising" move, Weigel Broadcasting's unaffiliated WCIU-26 in Chicago has reached an agreement to become the market's new affiliate of The CW Network.
Delaware Judge OK’s LBI Media BK Exit
A bitter dispute with junior noteholders regarding who the "rightful economic owners" of LBI Media are has come to an end in a Delaware federal bankruptcy court. The company focused on Hispanic consumers saw its Third Amended Plan of Reorganization get the court's approval.
A Mexican Media Giant Wants ‘R’ Texas Stations
Four Texas radio stations in two border markets along the Rio Grande are set to be sold. The proposed buyer? A Houston-based entity that serves as the U.S. subsidiary of a Monterrey-based multimedia giant. As such, the FCC will need to give its foreign ownership OK.
Probed and Revealed: An L.A. Steal, A MVP Swap
To the surprise of no one, Cumulus Media sold KLOS-FM 95.5 in Los Angeles to Meruelo Media. The sale price may have been the most surprising aspect of this deal. Meanwhile, a swap with Connoisseur Media was had, and the agreement shows who brokered the deal.
Cumulus Spins KLOS, Swaps With Warshaw
Once a crown jewel in the ABC Radio family, legendary Classic Rocker KLOS-FM in Los Angeles is being sold to the owner of KDAY-FM and Power 106. But wait, there's more: an asset swap involving Jeffrey Warshaw's Connoisseur Media has been inked with Cumulus.
A Family-Owned Media Company Dives Back Into Radio
Nearly 20 years ago, two brothers came together to purchase the ABC affiliate serving the Twin Tiers of New York and Pennsylvania. The deal included an AM/FM combo in the region, sold just one year later. Now, this TV broadcasting company is returning to radio.
Tejano Shifts To AM Thanks To New Alamo City ‘Vibe’
In 1991, an all-Tejano music format was brought to KXTN-FM in San Antonio. After years of success, Univision Communications in 2003 bought the station, and its AM sibling, Now, Tejano is shifting to the AM. What's in its place on the FM dial?
Should Cox and Apollo Group Team Up? Tell The FCC.
All of Cox’s TV stations, a newspaper, and its Dayton radio stations are being spun to an entity named Terrier Media Buyer Inc. Do you object, or approve? The FCC's Media Bureau wants your input, and a Pleading Cycle has been affirmed ahead of any regulatory OK.
LBI Bid To Extend BK Plan’s Approval Period Challenged
The pressure is building for LBI Media, owner of Estrella TV and a group of Regional Mexican radio stations, to submit and seek the approval of a plan designed to allow it to exit it from bankruptcy. Junior noteholders of LBI Media have formally objected to any extension.
FM Interference Remedies Up For May FCC Vote
In May 2018, the FCC issued an NPRM seeking comment on proposed changes that would streamline the process for filing an FM translator interference complaint, and the remediation procedures used. One year later, the FCC is ready to vote on the matter.
Carr Talk: FCC Should Open Eyes To Media’s Digital Intruders
Brendan Carr participated in a Monday NAB Show Q&A focused on the FCC's game plan. The questions started with "something easy" -- media ownership. This generated laughter from the packed room in the North Hall, and an impassioned response from the Commissioner.
NAB’s Smith: Rule ‘Modernization’ Essential For Media Survival
The big statement to come from the official opening session at the 2019 NAB Show in Las Vegas involved Washington, and a call for a loosening of media regulations amid threats to local journalism -- let alone quarterly revenues -- from ever-growing tech companies.